According to China’s December trade data, exports declined 9.9% year-on-year, meeting expectations. Imports declined 7.5% y/y (vs. -9.8% expected). The Federal Reserve is “almost done raising rates”, and investors must consider the possibility of higher rates for a longer period. To maintain control, China is taking small stakes in tech.
According to expert forecast, the Reserve Bank of Australia will raise the cash rate to 3.35 percent when the next meeting takes place on February 7. But the current market price is not in line with that magnitude of an increase. Inflation is currently approaching 7 percent, which is way.
The background to this is that Chinese authorities are reviewing the Australian coal ban, which has been in place since 2020 Chinese coal imports are once again permitted, Chinese media reported. The Global Times reported that Chinese companies have placed a large order for Australian coal. From the Wall Street.
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According to the December US CPI report, the result was in line with expectations at +6.5% year-on-year. The initial jobless claims for the US came in at 205K, which was lower than the 215K predicted. Fed’s Bullard noted that US households are still holding ample funds which should help to.
The US CPI data is what everyone is waiting for today, but this is a market that would much prefer a softer number. EUR/USD and AUD/USD are staying cautious as they approach the 0.7000 mark, while the S&P 500 has steadily climbed up to be within range of its 200-day.
In the near term, China faces significant challenges in reviving its growth through private consumption. On Thursday, US President Biden will be making a speech following the US inflation report. Goldman Sachs no longer anticipates a recession in the Eurozone in 2023. China’s state planner stated that they would be.
Despite a larger surplus than expected, the Australian dollar rose against the US dollar in November. November’s trade balance came in higher than expected, according to Australia’s Bureau of Statistics. LNG exports decreased sharply in November, while iron ore earnings increased. This can be attributed to a sharp decrease in.
The Group of Seven countries, Australia, and the European Union imposed a $60 per barrel price ceiling on Russian sea-borne crude oil sales late in 2022. February 5 will see the continuation of sanctions on Russia following the alliance’s decision to extend them. In response to the US Treasury.
Rates will still need to rise significantly, says Rehn ECB’s Rehn: Rates will still have to rise significantly, says De Cos at the ECB US EIA weekly oil inventories for the week ending Jan 6 +18,962K vs -2243K expected Treasury Auctions of $32 billion a ten-year bond with a high.
Today, bond markets are being bought Headers: Villeroy of the ECB has declared that rates will be pushed higher in the future Bond markets are being bought today Domestic flights are being grounded by a malfunctioning IT bond markets are being bought today Domestic flights are being grounded by a.
China’s yuan not far from a 4 month high – policy support, COVID recovery, seasonal demand China to pause costly chip investments as Covid strains budget PBOC Guangzhou branch reportedly guides banks to provide offshore financing to developers ICYMI – China’s Finance Minister reiterated plans to appropriately expand fiscal spending.