Rubrics Morning Comment 08.10.24
8th October 2024
• China’s Stock Rally Cools as Beijing Holds Off on More Stimulus • The Great Divide Over Investing in China Deepens Post Stimulus • Japanese Buy Record Amount of US Sovereign Bonds in August • US Consumer Borrowing Growth Slows on Drop in Revolving Credit more
Rubrics Morning Comment 03.10.24
3rd October 2024
• US Hiring in ADP Data Rebounds After Five Months of Easing • ECB Momentum for an October Rate Cut Is Looking Unstoppable • BOE’s Bailey Raises Prospect of More Aggressive Rate Cuts • Ishiba’s Surprise Warning to BOJ Casts Doubt on Hike in 2024 more
Rubrics Morning Comment 02.10.24
2nd October 2024
• US Treasuries Rally as Risk of Iran Conflict Fuels Haven Demand • US Manufacturing Activity Contracts for a Sixth Straight Month • US Job Openings Climb to Three-Month High, Exceeding Forecasts • Euro-Zone Inflation Drops Below 2%, Backing ECB Cut Bets (2) more
Rubrics Morning Comment 30.09.24
30th September 2024
• Prospect of Second Big Fed Cut Hinges on Powell, Jobs: Eco Week • US Eastern Ports Prepare to Close With Labor Talks Stalled (3) • US Inflation Hits Fed’s 2% Goal Early 2025 in Economists Survey • ECB Rate-Cut Bets Jump as France, Spain Inflation Sinks Below 2% more
Rubrics Morning Comment 27.09.24
27th September 2024
• US Post-Pandemic Economic Growth Revised Higher in Annual Update • French Inflation Plunges Below 2% for First Time Since 2021 • Japan’s LDP Picks BOJ Backer Ishiba for PM, Sparking Yen Rally • China Cuts Key Rate, Frees Up Cash for Banks to Spur Growth (1) more
Rubrics Morning Comment 26.09.24
26th September 2024
• China Politburo Vows to Steady Housing Market, Up Fiscal Support • China Weighs $142 Billion Capital Injection Into Top Banks (2) • US New-Home Sales Fell in August as Buyers Awaited Lower Rates • Riksbank Cuts Rate Again and Opens Door to Half-Point Move (2) more
Rubrics Morning Comment 25.09.24
25th September 2024
• US Consumer Confidence Falls Most in Three Years on Labor Views • Traders Boost Fed Bets With November Cut Size Seen as a Toss-Up • Bond Anomaly That Twisted Yields From US to Germany Is No More • Traders Bring ECB October Rate Cut Into Play as Outlook Darkens more
Rubrics Morning Comment 24.09.24
24th September 2024
• China Unleashes Stimulus Package to Revive Economy, Markets (1) • Fed Officials Leave Door Open to Another Large Interest-Rate Cut • Growth in US Business Activity Moderates as Prices Accelerate • RBA Holds Key Rate at 12-Year High, Defying Global Easing (2) more
Rubrics Morning Comment 23.09.24
23rd September 2024
• Scholz Dodges Fresh Defeat to Far Right in German State Vote (1) • Fed’s Bowman Says Big Cut Could Be Seen as Claiming Win Too Soon • Waller Says Slowing Inflation Led Him to Support Large Rate Cut • Powell’s Pivot Is Finally Paying Off for Bond Market’s Big Trade more
Rubrics Morning Comment 20.09.24
20th September 2024
• BOJ Holds for Now While Mulling Timing of Next Rate Hike • BOE Vows Gradual Approach to Easing With Vote to Hold Rates (1) • US Existing-Home Sales Slide to Lowest Level Since October • Summers Sees Fed Rate Projections Upended, Higher Mortgage Rates more