Category Finance

German DAX futures +0.5%UK FTSE futures +0.4% This follows up on the gains from yesterday, in part helped by softer PMI readings driving up ECB rate cut odds. As things stand, interest rate futures are showing traders pricing in ~82% odds of a rate cut in October. Looking…

We are not thinking of what size we might eventually cut rates byWill only discuss how big those moves will be when the time comesIf our rates are steady while others cut, it supports the Australian dollar This article was written by Justin Low at www.forexlive.com.

Post Content

Post Content

Both the Shanghai Composite and CSI 300 indices are up 2.4% on the day while the Hang Seng is up by 3.3% ahead of the lunch break later. That comes as the PBOC unveiled more easing measures earlier, after not doing so at the end of last week.…

Imagine if the RBA did actually look like that. Sadly, the iconic signage area has even been converted to a bus stop and covered in scaffolding. Le sigh. Anyway, the Australian central bank is going to be announcing its latest policy decision later. But barring any major surprises,…

Prior 4.35%Latest data does not change previous assessment that policy is restrictive and working broadly as anticipatedThe outlook remains highly uncertainInflation is still some way above the midpoint of the 2% to 3% target rangeReturning inflation to target is the priorityUnderlying inflation remains too highPolicy will need to…

I posted earlier on what the PBoC says they are going to do: People’s Bank of China will soon cut reserve requirement ratio by 50bpPeople’s Bank of China will soon cut 7-day reverse repo to 1.5% from 1.7% In brief: will cut reserve requirement ratio for banks by…

PBOC Governor Pan Gongsheng was remarking on the yuan re the Fed rate cut. Fed rate cut eased external pressure on the yuan exchange rate yuan has a relatively solid, stable foundation It was only a few weeks ago that the PBOC was terrified of excessive weakening of…

People’s Bank of China Governor says yuan has a relatively solid and stable foundationICYMI – PBoC says it will cut rates, but gave no indication of a timeline for whenPeople’s Bank of China Governor says must support steady recovery of prices, economyPBOC sets USD/ CNY mid-point today at…