Recent Blogs

FILTER POSTS

Category

Archive

German orders plunge again

Chris Scicluna
Emily Nicol
  • Ahead of the US payroll report, the latest Japanese consumption-related data were mixed but German orders continued their woeful run to illustrate the case for further near-term ECB monetary easing. 

Categories : 

Services in the spotlight

Chris Scicluna
Emily Nicol
  • Asian equity markets lost ground today as the Chinese services PMI pointed to weaker activity at the end of Q2. The global bond market rally continued as expectations for global monetary easing increased, a view likely to be supported by subdued services PMIs out of Europe today. 

Categories : 

RBA cuts as German sales dip

Chris Scicluna
Emily Nicol
  • While Asian equity market momentum faded, the RBA cut rates while the BoJ's latest price Tankan inevitably suggested again that its target lacks credibility.  In Europe, while the identity of Draghi's successor is awaited, German retail sales data pointed to a weak Q2 but BTPs rallied again on news of a lower government budget deficit. 

Categories : 

A downbeat Tankan

Chris Scicluna
Emily Nicol
  • After the weekend's Trump-Xi bilateral removed the tail risk of new traded barriers - at least for the time being - Asian equities rallied and UST yields rose despite a downbeat Tankan and some weak Chinese PMIs.  

Categories : 

Japanese IP beats expectations (for a change)

Chris Scicluna
  • While markets were inevitably quiet as investors awaited tomorrow's Trump-Xi meeting, Japanese IP data provided a long-overdue upside surprise, while French inflation beat expectations too.  

Categories :