China’s economic data for October showed a mixed performance, with retail sales surpassing expectations while industrial production and fixed asset investment slightly underperformed. Industrial production grew by 5.3% yoy, just shy of the expected 5.4% yoy and holding steady from […]
China’s industrial growth and investment lag, while retail sales outperform in Oct Read More »
Japan’s economy expanded by 0.2% qoq in Q3 2024, aligning with market expectations but indicating a slowdown from the previous quarter’s momentum. On an annualized basis, GDP grew by 0.9%, surpassing the anticipated 0.7%, yet decelerating from a downwardly revised
Japan’s real GDP growth slows to 0.9% annualized, robust consumption but weak investment Read More »
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US initial jobless claims fell -4k to 217k in the week ending November 9, below expectation of 224k. Four-week moving average of initial claims fell -6k to 221k. Continuing claims fell -11k to 1873k in the week ending November 2.
US initial jobless claims falls to 217k vs exp 224k Read More »
ECB Vice President Luis de Guindos shared a mixed outlook today, highlighting progress in inflation but tempered growth prospects. “There’s good news with inflation and not so good news on economic growth,” he remarked, noting ECB’s expectation that services inflation
ECB’s de Guindos: Inflation easing, but growth falls short of expectations Read More »
Australia’s employment grew modestly in October, rising by 15.9k or 0.1% mom, falling short of the anticipated 25k increase. This represents the slowest pace of employment growth in recent months, following a period of more robust gains averaging 0.3% per
Australia’s employment growth 15.9k in Oct, slowest rate in recent months Read More »
Minneapolis Fed President Neel Kashkari conveyed optimism about the current direction of inflation but emphasized the importance of waiting for additional economic data before making any policy changes. Speaking to Bloomberg TV shortly after release of October CPI, Kashkari mentioned
Fed’s Kashkari confident on inflation path, urges patience before policy decisions Read More »
Dallas Fed President Lorie Logan emphasized today that while additional rate cuts will likely be necessary, “it’s difficult to be sure how many cuts may be needed and how soon they may need to happen.” Logan also reiterated that the
Dallas Fed’s Logan cites uncertainty on timing and extent of rate cuts Read More »
In an interview with Die Zeit, German ECB Governing Council member Joachim Nagel reinforced ECB’s current rate path as necessary, citing persistent inflationary pressures, particularly within the services sector due to rising wages. Nagel emphasized, “We are not exaggerating. There
ECB’s Nagel defends rate path, warns of 1% economic hit from Trump tariffs Read More »
French ECB Governing Council member Francois Villeroy de Galhau shared his outlook on inflation and global growth risks today with France Inter, suggesting a period of moderate inflation within France alongside more rate cuts from ECB. He also projected that
ECB’s Villeroy sees more rate cuts as US inflation risks resurface under Trump Read More »
