Recent Blogs

FILTER POSTS

Category

Archive

Massive upside surprise from Japanese machine orders

Emily Nicol
Chris Scicluna
  • Despite a significant upside surprise to Japan’s machine orders data, these still suggested subdued private capex growth in the wake of the consumption tax hike. European new car registrations and a UK housing survey also came in ahead of expectations.

Categories : 

BoJ regional report more downbeat, but not a game-changer

Emily Nicol
Chris Scicluna
  • The main event today was the scheduled signing of the first phase of the US-China trade deal. The publication of the BoJ’s Regional Economic Report predictably saw several regions revise down their economic assessments, albeit this seems unlikely to be a game-changer for the Policy Board.

  

Categories : 

UK GDP in the spotlight

Emily Nicol
Chris Scicluna
  • After further dovish noises from the BoE MPC this weekend, all eyes will be on the UK’s November GDP report this morning. Other highlights this week include GDP figures from Germany and China, inflation numbers from the US, Japanese machine orders, and retail sales data from the US and UK.  

Categories : 

Some stronger data ahead of payrolls

Emily Nicol
Chris Scicluna
  • Ahead of the US labour market report later today, Japan’s November spending figures pointed a recovery following the pot-tax-hike plunge while the dataflow from France, the UK and Australia was a touch firmer too.

Categories : 

German production provides some positivity

Emily Nicol
Chris Scicluna
  • With the crisis in the Middle East de-escalating, risk appetite returned today to Asian markets. Chinese data showed that consumer price inflation remained at a seven-year high. But while Chinese car sales were down again in December and a UK retail survey suggested the first fall in annual sales in 2019 since the early 1990s, German manufacturing output exceeded expectations.  

Categories :