Daily Market Insight
Daily Market Insight: 2 September 2024
• The Fed's inflation gauge and strong consumer spending set the stage for a potential rate cut • Eurozone inflation falls sharply; September rate cut likely • China's factory activity continues to decline amid growing challenges • South Korea’s exports rise for the 11th month, but growth slows • The US dollar strengthened broadly as inflation data supports a smaller Fed rate cut
Daily Market Insight: 30 August 2024
• US economy grows at a revised 3% rate, driven by strong consumer spending • Jobless claims remain largely unchanged • Tokyo CPI and core inflation rose more than expected in August • US dollar climbs for the second day as GDP data supports a smaller Fed cut
Daily Market Insight: 29 August 2024
• Fed's Bostic seeks more data before deciding on next month's rate cut • BOJ's Himino confirms readiness to raise rates if economy supports it • Australia's CPI exceeds expectations in July; core inflation drops • Thai central bank chief signals caution on policy changes • The Dollar experienced a significant increase on Wednesday
Daily Market Insight: 28 August 2024
• US consumer confidence up on optimistic economic outlook • German economy shrank by 0.1% in Q2 • Thailand's exports surge 15.2% in July • Dollar fell, reversing Monday's gains
Daily Market Insight: 27 August 2024
• US business spending on equipment cooled in July • Fed's Daly reiterated that it's time to adjust policy • German business sentiment drops in August, delaying recovery • Dollar attempts to recoup from an eight-month low
Daily Market Insight: 26 August 2024
• Fed's Powell says it's time to cut rates • BOJ’s Ueda hints at rate hikes if growth and inflation stay on track • US new home sales rise to highest level in more than a year • ECB survey indicates Euro zone consumers' inflation expectations remain stable • Dollar falls after Powell approves September rate cuts
Daily Market Insight: 23 August 2024
• U.S. business activity declines slightly • US jobless benefits edged up slightly last week • Eurozone business activity in August was unexpectedly robust • Japan's core CPI rose as expected in July, but underlying inflation was weak • Dollar rebounds against euro before Powell speech
Daily Market Insight: 22 August 2024
• Fed steaming toward September rate cut, minutes from previous meeting show • Payrolls sharply revised down by 818,000 • Japan manufacturing PMI lags in August, services strong • Thai central bank maintains key rate, awaits stimulus details • Dollar falls after job revisions, with some Fed officials favoring a July rate cut
Daily Market Insight: 21 August 2024
• Fed's Bowman cautious on rate cuts amid inflation risks • Japan's exports soar, signaling economic recovery • Canada's inflation fell to a 40-month low of 2.5% in July • Taiwan’s July export orders surpassed forecasts on AI chip demand • Dollar hits 7-month low before Powell
Daily Market Insight: 20 August 2024
• Kashkari says it's time to consider a September rate cut • China holds key lending rates steady, as expected • Thailand's Q2 GDP surpassed forecasts, but policy uncertainty dims the outlook • Dollar hits 7-month low, yen gains as traders wait on Jackson Hole