Category Finance

Prior 97Manufacturing confidence 99Prior 99Services confidence 98Prior 98 Sentiment for the industry and services remains unchanged from the month before. But the good news at least is that the employment climate has returned back to its long-term average of 100, up from 98 previously. This article was written…

In the European session, the only highlight was the UK Retail Sales report which surprised to the upside across the board. In the American session, we have the Canadian Retail Sales and PPI data. Downside surprises will likely reinforce the markets expectations for a 50 bps cut from…

We raised assessment on private consumption as wages are growingRecent data suggests we may be able to raise outlook on underlying inflationHowever, overseas trends raise uncertainties on thatBut there is no change to our thinking that will keep raising rates if economy moves in line with outlookNot yet…

Up, up and away for gold? The bulls are certainly looking poised and are angling for the next leg higher now as we approach European trading. Price is running above the $2,600 mark to fresh all-time highs as the post-Fed musings continue to play out. Traders are starting…

Eurostoxx -0.4%Germany DAX -0.5%France CAC 40 -0.2%UK FTSE -0.5%Spain IBEX +0.1%Italy FTSE MIB -0.3% This comes as S&P 500 futures are also seen down 0.1% with Nasdaq futures down 0.2% currently. Overall, it’s just a minor check back for stocks on the week. Investors are still contemplating some…

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The dollar fell in trading yesterday as the post-Fed digestion continues to play out. Equities ripped higher but so far today, there hasn’t been much follow through. USD/JPY is down slightly as the BOJ keeps monetary policy unchanged but dollar pairs in general are holding on to narrow…

There are a couple to take note of on the day, as highlighted in bold. The first ones are for EUR/USD and layered between 1.1150 and 1.1200. Given the more muted action so far, the expiries could keep price action in check before rolling off later in the…

Prior +0.5%; revised to +0.7%Retail sales +2.5% vs +1.4% y/y expectedPrior +1.4%; revised to +1.5%Retail sales (ex autos, fuel) +1.1% vs +0.5% m/m expectedPrior +0.7%; revised to +1.0%Retail sales (ex autos, fuel) +2.3% vs +1.1% y/y expectedPrior +1.4% UK retail sales beat on estimates again in August with…

Prior +0.2% The slight bump in August owes mostly to energy prices (+0.8%). If you strip that out, producer prices were actually flat on the month in Germany. Looking at the other individual breakdowns, intermediate goods prices fell by 0.3%, capital goods prices rose by 0.1%, durable consumer…