ICYMI – Bank of America see no Fed interest rate cuts in 2025, risk skewed towards a hike
I posted earlier on Morgan Stanley being unmoved by the jobs report: They look like they are on a desert island though, analysts elsewhere are...
Tag : ICYMI
ICYMI – Morgan Stanley expect the Fed to cut rates in March
December payroll data from the US was much stronger than expected: The +256,000 headline significantly beat expectations of 160,000. The highest expected was +200,000, while...
ICYMI – South Korea is reportedly planning to allow institutional trading of crypto
Posting this ICYMI: South Korea’s Financial Services Commission (FSC) is reportedly preparing to ease restrictions on institutional cryptocurrency trading. According to Yonhap news agency, the...
ICYMI – Russia’s oil-product exports rose to a five-month high in December
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and...
ICYMI – German December inflation came in much higher than estimated
Justin had the bombshell German CPI data on Monday: Germany December preliminary CPI +2.6% vs +2.4% y/y expected For some context, it was at 2.7%...
ICYMI – OPEC’s crude oil production declined in December, driven primarily by the UAE
ICYMI – reports Monday US time on OPEC oil supply dipping a touch in December. Info via Bloomberg (gated). OPEC’s crude oil production declined in...
ICYMI: China has adjusted its yuan basket weightings for this year
This builds from Eamonn’s post earlier: The yuan has hit its highest since mid-October 2022 (using its trade-weighted value) According to the CFETS, which is...
ICYMI – Why does China have two sets of PMIs and why are both valuable?
Today we get the second of China’s monthly manufacturing PMIs, from Caixin/S&P Global, due at 0145 GMT, which is 2045 US Eastern time: Earlier this...
ICYMI: China’s top legislature set to convene annual session on 5 March next year
This according to the NPC Standing Committee, as announced yesterday. For now, the agenda is said to encompass “reviewing the government work report, and examining...
ICYMI – Federal Reserve Chair Powell says “We’re not allowed to own bitcoin”
Federal Reserve Chair Powell covered a lot of ground in his press conference today, with the emphasis on, of course, the outlook for monetary policy....