Daily Market Insight
Daily Market Insight: 22 November 2024
• Fed's Williams sees inflation cooling and interest rates falling further • US Initial jobless claims fall to lowest point since April • US existing home sales rebound in October • Japan's October CPI topped expectations, with core inflation above the BOJ's target • Dollar strengthens following claims data
Daily Market Insight: 21 November 2024
• Fed's Bowman advocates caution on future rate cuts • UK inflation hits 2.3%, above forecast, driven by energy • South Korea's early export data show growth • Investors drive US dollar higher, focusing on the Federal Reserve's outlook
Daily Market Insight: 20 November 2024
• US single-family housing starts slump; high mortgage rates remain a challenge • Escalation of Ukraine War drives traders towards safe-haven assets • Japan’s exports rise despite global risks, aiding recovery • Thailand to launch second phase of stimulus program in January • US Dollar fluctuates as Russia-Ukraine tensions impact risk sentiment
Daily Market Insight: 19 November 2024
• US homebuilder sentiment hits seven-month high post-election • BOJ keeps markets guessing about rate hikes • RBA considers the cash rate level to be suitable • Exports and cash handouts have boosted Thai growth • Dollar rises against yen on BoJ rate hike uncertainty
Daily Market Insight: 18 November 2024
• US retail sales rise, fueled by auto purchases, as holiday season begins • Fed Collins stated that a December rate cut is "definitely an option, but not guaranteed" • The UK economy experienced a steeper slowdown than expected last quarter • China's stimulus drives growth in domestic consumption • The dollar gains for the week as traders reassess rate cut expectations
Daily Market Insight: 15 November 2024
• Powell says no need for Fed to rush rate cuts given strong economy • US producer prices grow by 2.4% annually in October • US initial jobless claims dip, beating market forecast • Japan GDP growth slows sharply in Q3 as private spending offers limited support • Dollar eyes weekly gain on slower Fed easing, inflation outlook
Daily Market Insight: 14 November 2024
• US consumer prices rise by 2.6% annually in October • Fed officials concerned about how much they can reduce interest rates • Australia jobs rise less than expected in October as growth cools • Dollar hits one-year high on Trump trades
Daily Market Insight: 13 November 2024
• US Inflation Expectations dip, Fed survey shows • UK wage growth slows modestly, supporting BOE caution • Australia's wage growth slows, reflecting easing price pressures • China plans to slash homebuying taxes in fiscal stimulus • The dollar extends its gains, rising to near a 5-month high
Daily Market Insight: 12 November 2024
• BOJ cautious on rate hike, no clear December signal • China's October new lending tumbles more than expected despite policy support • Thai panel picks government’s candidate for central bank board chair • Dollar stays strong ahead of CPI and Fed talks
Daily Market Insight: 11 November 2024
• Michigan consumer sentiment jumps in November • China announces $1.4 trillion local debt plan, no new stimulus • China's consumer prices rise at four-month low, despite stimulus • The dollar is on track for a weekly gain following Trump's election victory