Daily Market Insight
Daily Market Insight: 11 March 2024
• US labor market cooling; unemployment rate rises to two-year high of 3.9% • Japan GDP revised higher for Q4, economy ducks recession • China's consumer prices swing up on seasonal Lunar New Year gains • Dollar ends week under pressure as data keeps rate cut hopes alive
Daily Market Insight: 8 March 2024
• Weekly jobless claims unchanged; trade deficit widens in January • US wholesale inventories revised down in January • Japan Jan household spending logs biggest drop in 35 months • Dollar hurt by 'dovish' Powell; yen up on BOJ policy shift speculation
Daily Market Insight: 7 March 2024
• US labor market steadily easing as job openings, resignations decline • US wholesale inventories revised down in January • China's exports likely slowed in Jan-Feb as factories struggle • US dollar's strength to persist as markets eye cautious Fed
Daily Market Insight: 6 March 2024
• US services sector slows in February; inflation moderating • Euro zone business activity moves closer to recovery, PMI survey shows • German services sector remains under pressure, PMI survey shows • Dollar slips as data weighs; bitcoin retreats after hitting new high
Daily Market Insight: 5 March 2024
• US manufacturing contracts further, rays of light on the horizon • Euro zone Feb factory activity contracted for 20th month • China new home prices rise at slower pace in February • Dollar dips on weak data, yen hurt by cautious BOJ
Daily Market Insight: 4 March 2024
• US manufacturing contracts further, rays of light on the horizon • Euro zone Feb factory activity contracted for 20th month • China new home prices rise at slower pace in February • Dollar dips on weak data, yen hurt by cautious BOJ
Daily Market Insight: 1 March 2024
• Services drive US prices higher in January; inflation gradually cooling • Japan unemployment rate remains steady at 2.4% in Jan as expected • China manufacturing activity shrinks as expected in Feb • Dollar gains in choppy trading, inflation meets expectations
Daily Market Insight: 29 February 2024
• US consumer spending fuels strong fourth-quarter GDP growth • Japan factory output falls at the fastest pace in nearly 4 years • Australian retail sales disappoint in Jan amid inflation, rate pressure • Dollar bounces before inflation data, bitcoin hits two-year high
Daily Market Insight: 28 February 2024
• US consumer confidence ebbs in February; inflation expectations fall • US durable goods orders slump; business investment on equipment appears soft • German consumer sentiment stabilizes at low level in March • Dollar slips vs yen after Japan inflation data, US durable goods
Daily Market Insight: 27 February 2024
• US new home sales rise less than expected in January • Japan's inflation beats forecasts, end of negative rates in sight • China's new home prices extend declines despite policy support • Dollar dips at the start of heavy week of data