Economic news


Sterling Set for Biggest Weekly Jump in Five Months

Sterling Set for Biggest Weekly Jump in Five Months

Sterling rose on Friday and was set for its biggest weekly gain against both the dollar and the euro since May, boosted by a combination of dollar weakness and expectations that the Bank of England will raise rates this year.


October 14, 2021
Morgan Stanley Bullish on Outlook after Profit Beat
Morgan Stanley Bullish on Outlook after Profit Beat

Morgan Stanley delivered a bullish outlook Thursday after reporting third-quarter earnings which were comfortably ahead of market expectations,...

Indian Fintech firm Pine Labs eyes IPO in 12 Months - CEO
Indian Fintech firm Pine Labs eyes IPO in 12 Months - CEO

Indian fintech firm Pine Labs is considering an initial public offering in as little as a year, its chief executive said on Thursday, as the...

The Crypto Market Continues to Delight Investors
The Crypto Market Continues to Delight Investors

At one point yesterday, Bitcoin went into a correction, but it was short-lived. The bulls won, not only buying back the decline but also sending...

Several Anomalies in the FX market Today; US Producer Prices
Several Anomalies in the FX market Today; US Producer Prices

The big event yesterday was the US consumer price index (CPI) for September. It proved a bit higher than expected with regards to the...

JGB Yields Track U.S. Long-Dated Bond Yields Lower
JGB Yields Track U.S. Long-Dated Bond Yields Lower

Japanese government bond yields fell on Thursday, tracking long-dated U.S. Treasury yields lower, while investors did not react to a weaker demand...

IT stocks lift Indian shares to record highs
IT stocks lift Indian shares to record highs

Indian shares were at record highs on Thursday and on course to finish the holiday-shortened week around 2% higher, powered by gains in technology...

China Property Shares Pummelled as Evergrande Impact Widens
China Property Shares Pummelled as Evergrande Impact Widens

Shares of Chinese real estate firms slid on Thursday as investors fretted about a debt crisis rippling through developers including China...

Nikkei Jumps Tracking Nasdaq, Tokyo Electron Shines
Nikkei Jumps Tracking Nasdaq, Tokyo Electron Shines

Japan’s Nikkei share average rose on Thursday, tracking the Nasdaq overnight, with gains led by chip equipment maker Tokyo Electron and other...

Australia, NZ dlrs Extend Gains, Market Prices for Recovery
Australia, NZ dlrs Extend Gains, Market Prices for Recovery

The Australian and New Zealand dollars edged higher on Thursday as a pullback in longer-term Treasury yields undermined their U.S. counterpart,...

October 13, 2021
Europe Stocks Extend Losses, SAP Shines after Forecast Lift
Europe Stocks Extend Losses, SAP Shines after Forecast Lift

European stocks extended losses on Wednesday as investors were unnerved by the prospect of rising inflation slowing growth, while software group...

Rate Hike Worries Weigh on FTSE 100 after Strong GDP Results
Rate Hike Worries Weigh on FTSE 100 after Strong GDP Results

London’s FTSE 100 index fell on Wednesday as signals of economic growth bolstered bets of a rate hike by the Bank of England before the end...

German Yields near 5-mnth Highs ahead of U.S. Inflation Data
German Yields near 5-mnth Highs ahead of U.S. Inflation Data

German bond yields touched their highest in nearly five months on Wednesday ahead of U.S. inflation data that will shed further light on the...

CAD Up on Widening Yield Differential; US CPI
CAD Up on Widening Yield Differential; US CPI

After a few days of large moves, markets were fairly subdued yesterday. The S&P 500 was down 0.24% and NASDAQ down 0.14%, while the Euro Stoxx...

Japan Shares Fall, Investors await U.S. CPI, Retailers Jump
Japan Shares Fall, Investors await U.S. CPI, Retailers Jump

Japanese shares fell on Wednesday as investors awaited U.S. consumer price data due later in the day, while department store operator J. Front...

China Coal Prices Hit Record as Floods Add to Supply Woes
China Coal Prices Hit Record as Floods Add to Supply Woes

China’s thermal coal prices surged to fresh record highs on Wednesday as recent floods in a key coal producing province worsened a supply...

Gold Steady as Investors Seek Direction from U.S. Data
Gold Steady as Investors Seek Direction from U.S. Data

Gold held steady on Wednesday, underpinned by a slight pullback in the dollar and U.S. Treasury yields, as investors awaited U.S. inflation data to...

Australia dlr Climbs to 3-Month Highs on Yen, Euro
Australia dlr Climbs to 3-Month Highs on Yen, Euro

The Australian dollar was consolidating broad gains on Wednesday as strength on global commodity prices and rising bond yields gave it a leg up on...

Dollar Eases from 1Y High before CPI Data, Fed Clues Sought
Dollar Eases from 1Y High before CPI Data, Fed Clues Sought

The dollar eased back from a one-year high versus major peers on Wednesday ahead of U.S. consumer price data that could provide additional clues on...

China Iron ore Imports fall 1.9% in Sept from Aug -Customs
China Iron ore Imports fall 1.9% in Sept from Aug -Customs

China’s iron ore imports in September fell 1.9% from a month earlier, official customs data showed on Wednesday, as environment-related steel...

China Oil Imports down 15% on yr, Gas Imports at 9-mth High
China Oil Imports down 15% on yr, Gas Imports at 9-mth High

China’s September crude oil imports fell 15.3% from a year earlier, data showed on Wednesday, as companies drew on inventories amid rising...

China Sept Export Growth Unexpectedly Picks Up, Imports Slow
China Sept Export Growth Unexpectedly Picks Up, Imports Slow

China’s export growth was faster than expected in September, as solid global demand offset some of the pressure on factories from power...

China Sept Soybean Imports fall 30% y/y on Slowing Demand
China Sept Soybean Imports fall 30% y/y on Slowing Demand

China’s soybean imports in September fell 30% from the same month the previous year, customs data showed on Wednesday, as poor crush margins...

Cryptocurrencies Post Eight Straight Weeks of Inflows
Cryptocurrencies Post Eight Straight Weeks of Inflows

Cryptocurrency products and funds attracted $226.2 million in investments last week, marking their eighth straight week of inflows, a report from...

Wall Street Closes Lower on Jitters ahead of Earnings
Wall Street Closes Lower on Jitters ahead of Earnings

U.S. stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump...

October 12, 2021
U.S. Oil aims for 4th Straight Gain, but Brent Stumbles
U.S. Oil aims for 4th Straight Gain, but Brent Stumbles

Oil futures saw mixed trading on Tuesday, with U.S. prices attempting to stretch their streak of gains into a fourth session but global crude...

Gold Prices Head for Sharpest Gain in 2 Weeks
Gold Prices Head for Sharpest Gain in 2 Weeks

Gold futures headed higher on Tuesday, with the precious metal looking to end a three-session losing streak after the International Monetary Fund...

Russia Raises 2021 Inflation Forecast to 7.4%, CB Meeting Looms
Russia Raises 2021 Inflation Forecast to 7.4%, CB Meeting Looms

Russia has raised its 2021 inflation forecast to 7.4% from 5.8%, the economy minister said on Tuesday, adding to pressure on the central bank to...

Nasdaq Futures Lifted by Big Tech as Focus Turns to Earnings
Nasdaq Futures Lifted by Big Tech as Focus Turns to Earnings

Gains in technology stocks kept Nasdaq futures afloat on Tuesday, while futures tracking the Dow and the S&P 500 were pressured by worries of...

China Launches new Round of Graft Busting in Finance Sector
China Launches new Round of Graft Busting in Finance Sector

China’s ruling Community Party turned its sights on the country’s vast financial sector this month, kicking off a new round of a...

China's Property Sector Stalked by Evergrande Default Fears
China's Property Sector Stalked by Evergrande Default Fears

Debt-saddled Chinese property firms took heavy fire in bond markets on Tuesday, after the poster child of the sector’s woes, Evergrande...

Crypto Trading Thrives in Nigeria Despite Official Disapproval
Crypto Trading Thrives in Nigeria Despite Official Disapproval

Nigerian art dealer Ebuka Joseph started using cryptocurrencies last year when business ground to a halt due to COVID-19. Now he is hooked even...

Gold Up as Risk-Off Mood, Inflation Concerns Lift Appeal
Gold Up as Risk-Off Mood, Inflation Concerns Lift Appeal

Gold prices rose on Tuesday as a risk-off sentiment and concerns over inflation bolstered its appeal, however expectations that the U.S. Federal...

European Stocks Hit by Risk Aversion Ahead of Earnings
European Stocks Hit by Risk Aversion Ahead of Earnings

European shares lost ground on Tuesday as investors feared that soaring commodity prices would hamper a recovery in corporate profit, with fresh...

AUD Up on Rising Coal Prices, JPY Down
AUD Up on Rising Coal Prices, JPY Down

A major “risk-on” day in the FX market, as you can tell from the fact that AUD is at the top of my list and JPY is at the...

Miners, Banks Pull FTSE 100 down as Inflation Concerns Weigh
Miners, Banks Pull FTSE 100 down as Inflation Concerns Weigh

London’s FTSE 100 index fell on Tuesday, led by declines in heavyweight mining and banking stocks, as sentiment was weighed by higher energy...

UK Jobs Hit Record High as BoE Mulls First Rate Hike
UK Jobs Hit Record High as BoE Mulls First Rate Hike

British employers took their payrolls to a record high in September, shortly before the end of the government’s wage subsidies programme,...

Japan Shares Snap 3-Day Rally, Tech Stocks Fall
Japan Shares Snap 3-Day Rally, Tech Stocks Fall

Japanese shares closed lower on Tuesday after a three-session rally, tracking a weaker finish on Wall Street and as big tech stocks sold off amid...

Most JGB Yields Flat after 30-Year note Auction
Most JGB Yields Flat after 30-Year note Auction

Most Japanese government bond yields were flat on Tuesday after a moderately solid outcome of an auction for 30-year notes and as investors stayed...

Evergrande Misses 3rd Round of Bond Coupon Payments
Evergrande Misses 3rd Round of Bond Coupon Payments

China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other...

Yen Slumps as Rising Energy Prices, U.S. Yields Bite
Yen Slumps as Rising Energy Prices, U.S. Yields Bite

The yen hit a fresh three-year low on Tuesday, before steadying as traders doubled down on expectations U.S. rates will rise well ahead of peers,...

UK Shoppers Turn more Cautious on Spending
UK Shoppers Turn more Cautious on Spending

British shoppers increased their spending in September at the slowest pace since January, when the country was stuck in a coronavirus lockdown, as...

Indian Shares Flat as Auto Rally Offsets IT, Bank Losses
Indian Shares Flat as Auto Rally Offsets IT, Bank Losses

Indian shares inched away from record levels and were muted early on Tuesday, as auto stocks gained for a fourth straight session and offset losses...


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