22 May 2020
Chris Scicluna
,
Emily Nicol
- While the BoJ unveiled details of a new funds-supplying facility to support lending to SMEs, and extended its period of increased corporate bond purchases through to next spring, risk appetite was thin on the ground in Asia following news of the China’s plans to impose national security legislation on Hong Kong.
Share
21 May 2020
Emily Nicol
,
Chris Scicluna
- While the flash Japanese and Aussie PMIs posted a modest improvement in conditions in May, the surveys still imply an extreme drop in economic output in the middle of Q2. And we would expect the flash PMIs from Europe and the US to report a similar message.
Share
20 May 2020
Emily Nicol
,
Chris Scicluna
- While Japanese machine orders data exceed expectations, the underlying message of that release, as well as the latest Reuters Tankan and overseas visitors data, was still downbeat. And after UK inflation fell below 1% for the first time since 2016, final euro area CPI figures are likely to bring a downwards revision in April.
Share
19 May 2020
Chris Scicluna
,
Emily Nicol
- While yesterday's Franco-German proposal for the EU Commisson to support the recovery from the pandemic provided a boost to markets, this morning's UK labour market data reported the largest ever jump in jobless claims figures and a plunge in vacancies.
Share
18 May 2020
Chris Scicluna
,
Emily Nicol
- While markets have started the week in upbeat mood, data confirmed a second consecutive substantive and broad-based contraction in Japanese GDP in Q1. Of course, the current quarter will be far worse!
Share