Eurozone CPI: MoM Flash: 1.5% (Forecast 1.2%, Previous 1.2%) YoY Flash: 10.7% (Forecast 10.3%, Previous 9.9%) Full Report Reuters Note – Consumer price growth in the 19 countries sharing the euro accelerated to 10.7% in October from 9.9% a month earlier, beating expectations in a Reuters poll for 10.2% as.
UK Mortage and BoE Money/Credit data: Mortgage Approvals: 66.789k (Forecast 63.728k, Previous 74.340k) Mortgage Lending: 6.061B (Forecast 5.201B, Previous 6.136B) BoE Consumer Credit: 0.745B (Forecast 1B, Previous 1.077B) M4 Money Supply Actual 2.1% (Forecast -, Previous -0.2%) Money and Credit – September 2022 ADVERTISEMENT – CONTINUE READING BELOW
Italian GDP Prelim – QoQ: 0.5% (Forecast 0%, Previous 1.1%) YoY: 2.6% (Previous 4.7%) A surprise beat by the Italians, and another nail in the coffin for the early ECB pivot Reuters Note: Italian GDP has exceeded expectations in each of the first three quarters of this year. However, looking.
The boys and girls at Citi have been out today, giving us their latest view on the global outlook and commodities. Citi research: Maintains a 50% probability of a synchronized global recession in 2023 At country level, base case calls for series of “rolling recessions” with measurable downturns in EU.
Reuters report – Far fewer German businesses feel their survival is at risk now than at the height of the COVID-19 pandemic, a survey by economic institute Ifo showed on Monday. The survey of some 7,000 businesses, conducted from Oct. 4 to 24, showed 7.5% felt their economic survival is.
Swiss retail sales rose 3.2% in calendar-adjusted real terms in September versus the year-earlier month, the Federal Statistics Office said on Monday. Sales were up 0.9% compared to the previous month when adjusted for seasonal effects. ADVERTISEMENT – CONTINUE READING BELOW
German Real Retail Sales MoM: 0.9% (Forecast -0.5%, Previous -1.3%) YoY: -0.9% (Forecast -3.4%, Previous -4.3%) Some super strong (vs estimates) numbers out of Germany, I don’t think anyone saw that happening this morning. Full Report ADVERTISEMENT – CONTINUE READING BELOW
From Nikkei – Apple supplier Foxconn’s key China plant hit by COVID measures Industry sources say iPhone output affected as workers can’t enter production lines Key Apple supplier Foxconn is grappling with disruption at its most important iPhone plant in China after authorities imposed curbs aimed at fighting a local.
China’s foreign minister has been on the wires.. U.S. SIDE SHOULD STOP THE PRACTICE OF CONTAINMENT AND SUPPRESSION AGAINST CHINA AND NOT CREATE NEW OBSTACLES TO THE RELATIONSHIP BETWEEN THE TWO COUNTRIES U.S. EXPORT CONTROL TOWARDS CHINA SEVERELY DAMAGED CHINA’S LEGITIMATE RIGHTS AND MUST BE RECTIFIED This comes after a.
Reuters with the info. There is no info on how long the park will be closed for. More info added: Shanghai Disney Resort, including Shanghai Disneyland, Disneytown and Wishing Star Park are closed starting Monday Add this to what we have already had from China today: Shanghai Composite update: ADVERTISEMENT.
The Wall Street Journal had a piece over the weekend from Nick Timiraos, who has gained a reputation as a Federal Reserve ‘insider’. Timiraos wrote suggesting higher rates from the Federal Open Market Committee (FOMC), rates that’ll be held high for longer. Separately Goldman Sachs published a note raising their.
South China Morning Post carries the view from JP Morgan’s asset and wealth management CEO markets offer better entry point than three months ago ‘Even if you don’t want to invest in China, it affects every other company that you are investing in’, headwinds hobbling the world’s second-largest economy “shall.