Recent Blogs

FILTER POSTS

Category

Archive

Japan's labour market report disappoints ahead of US payrolls

Emily Nicol
  • Ahead of the US payrolls report, Japan’s labour market data were softer in September, with unemployment rising and new job offers falling. And Japanese vehicle sales figures indicated a sharp slump in demand in the immediate aftermath of last month’s consumption tax hike.

Categories : 

Fed on pause for now, BoJ pledges rates at current or lower levels

Emily Nicol
  • While the Fed signalled yesterday’s rate cut was likely the last for a while, the BoJ amended its forward guidance reiterating that its plans to keep short- and long-term interest rates at current or lower levels for as long as necessary. While Japanese IP data provided a welcome upwards surprise, today’s euro area flash Q3 GDP and October inflation figures are likely to underscore the weak economic backdrop.

Categories : 

All eyes on the Fed

Emily Nicol
  • As the conclusion of the latest FOMC meeting was set to deliver a further 25bps rate cut, the first estimate of US Q3 GDP was expected to report the softest growth for almost four years. And today’s European Commission survey looks set to point to a further deterioration in the euro area’s economic conditions at the start of Q4.

Categories : 

Japanese inflation subdued despite sales tax hike

Emily Nicol
  • Ahead of the BoJ's Policy Board meeting on Thursday, today's Tokyo CPI figures further emphasised the very weak inflation outlook in Japan despite the consumption tax hike earlier this month. Looking ahead, focus today will no doubt be on British politics, with UK MPs likely to vote in favour for an early General Election in December. 

Categories : 

Fed, BoJ and Brexit deadline in focus

Emily Nicol
Chris Scicluna
  • There were some positive tones surrounding the China-US trade negotiations. But with US GDP growth set to have slowed in Q3, the conclusion of the FOMC meeting on Wednesday is expected to deliver a further 25bps rate cut. The BoJ’s Policy Board announcement is likely to see some tweaks to its policy framework. And political uncertainty looks set to dominate in Europe, as the Brexit extension was still not confirmed.     

Categories :