Recent Blogs

FILTER POSTS

Category

Archive

May rolls the dice, China loses steam, Aussie wages steady, & Germany returns to growth

Chris Scicluna
  • China's economic activity indicators weakened across the board in April to raise expectations of imminent stimulus. Elsewhere, Aussie wages and German GDP data met expectations, but French inflation surprised on the upside, while Theresa May set out her latest plans to try to pass her Brexit legislation.

Categories : 

Morning comment: Trump on trade, Economy watchers & NAB surveys

Chris Scicluna
Mantas Vanagas
  • The market mood calmed somewhat overnight on Trump's comments on planned talks with Xi at the G20. But while UST yields were off their lows and the yen reversed yesterday's appreciation, most Asian equity markets closed down on the day. The mood in Japan wasn't helped by a disappointing Economy Watchers survey, while the latest Australian NAB business survey also pointed to an ongoing loss of momentum. 

Categories : 

The week ahead, w/c 13 May

Chris Scicluna
Mantas Vanagas
  • With the weekend bringing recriminations rather than reconciliation in the US-China trade war, Friday’s better tone to equities has proved to be short-lived with equity indices in the Asia-Pacific closing lower and major government bond yields down too. Some weak Japanese economic data compounded the negative mood. The coming week will bring plenty of top-tier economic figures from the US, China and Europe, and ongoing political noise, not least from the UK.

Categories : 

Morning comment: Trump ups tariffs while Japanese wages wilt

Chris Scicluna
Mantas Vanagas
  • Asian markets took in their stride the decision of the US to follow through on threats to hike tariffs on imports from China, while some very weak wage data out of Japan were matched by some improved figures for household spending.   

Categories : 

Morning comment: Japanese confidence, Chinese inflation & credit

Chris Scicluna
Mantas Vanagas
  • With trade-war fears reinforced by Trump’s latest pugnacious exhortations, risk appetite remains in short supply, and not boosted overnight by some downbeat data out of China and Japan.

Categories :