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MUFG note that the euro may continue to rise following a boost from China’s stimulus measures announced on Tuesday “Increased global growth optimism will help and the stimulus measures announced by China will certainly add to dollar selling momentum” MUFG add that especially since the European Central Bank…

The Bank of Japan will be watching on as Japan braces for another round of price hikes in October. In addition to price increases, wages are set to rise. The minimum wage to increase by 51 yen to 1,055 yen (national average). Postal rates to jump ~30%, first…

The House passed the bill an hour ago or so. The Senate has now voted in favour also. The passage was expected. The deadline for the funding agreement was September 30. Time to spare this time. Like I said earlier … funds the government until December 20. When…

In a note, analysts at Bank Credit Analyst suggest that the monetary easing measures introduced by the People’s Bank of China (PBoC) may offer a short-term lift to market sentiment. However, drawing parallels to Japan’s housing crisis of the 1990s, they warn that monetary easing alone is unlikely…

Federal Reserve Board Governor Adriana Kugler is speaking still. Earlier here: Fed’s Kugler says she strongly supported 50 bps rate cut And: More from Fed’s Kugler – We do not want the labour market to weaken further In that ‘More from’ post are few buried comments on job…

I posted on the note from UBS briefly yesterday, following the announcements from China on Tuesday. Adding a little more now. The analysis highlights a positive shift toward a more accommodative policy stance, though it falls short of the significant stimulus measures seen in past years that drove…

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The Dow and S&P index felt fell while the NASDAQ index rose in trading today The Dow industrial average closed at record levels for four consecutive days. That string was broken today with a decline of -293.47 points or -0.70% at 41914.75.The S&P index two day string of…

The Bank of Japan minutes are from the July 2024 meeting, where short term rates were raised again in a bit of a surprise decision, or would have been if it wasn’t leaked all over the place the day before! BOJ to discuss hike to 0.25% – reportAnother…