Daily Market Insight
Daily Market Insight: 29 October 2024
• Japan’s job market strengthens, signaling potential wage increases • Thai exports rose but missed forecasts, with growth expected in Q4 • Apple prohibited from selling iPhone 16 models in Indonesia • Yen faces pressure following Japan election
Daily Market Insight: 28 October 2024
• US core capital goods orders are strong, but business equipment spending is cooling slightly • US consumer sentiment reaches six-month high thanks to lower interest rates • German business sentiment rises, giving a rare boost to the struggling economy • Japan's ruling coalition loses majority, leaving election results uncertain • Dollar on track for weekly gain; next week's payrolls looms large
Daily Market Insight: 25 October 2024
• US business activity growth boosted by strong service • U.S. jobless claims decline, signaling labor market strength • Euro zone business activity sees no growth for the second month in a row • Japan's PMI contracted in October as business activity declined • Dollar retreats from three-month highs
Daily Market Insight: 24 October 2024
• U.S. existing home sales hit a 14-year low, with prices still high • Bank of Canada cuts rates by 50 basis points • BOJ chief states that reaching the inflation target is "still taking time" • Thai central bank chief signals high threshold for further rate cuts • Dollar's rally continues, reaching a three-month high against the yen
Daily Market Insight: 22 October 2024
• Three Fed policymakers favor more rate cuts, but differ on pace • German producer prices declined more than anticipated in September • China reduced its loan prime rate by a bit more than anticipated • The dollar maintains its strength due to confidence in Trump
Daily Market Insight: 21 October 2024
• US housing starts ease on decline in multifamily construction • Japan's core inflation has slowed thanks to fuel subsidies, but demand pressures persist • China's Q3 GDP slows to its weakest since early 2023, heightening calls for stimulus • Dollar steadies after recent increases; pound rises due to strong retail sales
Daily Market Insight: 18 October 2024
• US retail sales demonstrate the resilience of the economy's growth driver • ECB lowers rates as anticipated, stating it is on track to control inflation • China's $562 billion loan plan for unfinished homes disappoints • The US Dollar extends its winning streak following robust retail sales
Daily Market Insight: 17 October 2024
• UK inflation drop spurs traders to boost rate cut bets • Japan exports unexpectedly slip for first time in 10 months • Australia's job growth surpassed expectations for the sixth month in September • The Thai central bank surprises markets with its first rate cut since 2020 • Indonesia's central bank keeps rates steady amid global uncertainties • US dollar rallies; inflation weighs on the pound
Daily Market Insight: 16 October 2024
• US considers imposing limits on AI chip Exports from Nvidia and AMD to certain countries • Fed's Daly says central bank likely on track for more rate cuts • NY Empire State Manufacturing Index plunges • German investor confidence increases for first time since June • US dollar is mostly flat as traders wait for stronger catalysts
Daily Market Insight: 15 October 2024
• U.S. producer prices unchanged; core inflation expected to rise in September • China flags more fiscal stimulus for economy, leaves out key details on size • China's deflationary pressures rise in September as consumer inflation slows • China's September export growth fell to a five-month low amid declining global demand • US dollar climbs to 10-week high