Blogs

<p>Chinese state media with the headlines expressing optimism from the Central Finance Office for the year ahead:</p><ul><li> China's economy in 2024 faces more opportunities than challenges</li><li>Favourable conditions are stronger than unfavourable factors</li></ul><p>The headlines hitti

<ul><li>Drop in inflation observed in past few months is positive</li><li>But not enough to declare victory and move on to next stage</li><li>Increasingly confident that inflation will reach target in 2025, can achieve soft landing</li><li>Policy mistake of easing too early would be more significant t

<ul><li>To enhance macroeconomic policy coordination and cooperation on economic, financial issues</li><li>Necessary to address international debt agenda properly to support recovery and sustainable development</li><li>Will continue to make efforts to synergise the Belt and Road initiative and Eurasian economic u

<ul><li>The next phase is not when to reduce rates, even though that’s where the markets are at</li><li>It is about how long do we need monetary policy to remain restrictive in order to get inflation back to 2% target</li><li>Markets are a little bit ahead</li><li>They have jumped to the end part i.e.

<ul><li>In the real world, there’s inevitably a degree of inaccuracy in economic measurement</li><li>Currently, there’s a little more uncertainty than usual about the behaviour of unemployment</li><li>Official estimates of wage growth have been volatile</li><li>Other indicators have exhibited slightly

<p>It's been a quiet start to the week and not too surprising as markets are looking to wind down for the year already. The dollar benefited from NY Fed president Williams' comments late on Friday, but is seen trading more mixed and mostly little changed today. USD/JPY is up 0.3% to 142.50 levels now, running […]

<p>Macy's shares surged approximately 20% following the announcement of a $5.8 billion takeover bid. This suggests Macy’s might become a private company, with its shares being acquired at a 32% premium to the $16 price. However, some analysts advise against hasty decisions and recommend adopting a wait-and-see position. Let's delve

<p dir="ltr">Last week was full of economic events, but as we approach the Winter holidays, activity is winding down and we'll get fewer notable data prints.</p><p dir="ltr">On Tuesday, Australia will release the Monetary Policy Meeting Minutes, Japan will get the BoJ monetary policy announcement, and Cana

<ul><li>Market pricing for both start of rate cuts and totality of cuts in 2024 is excessive</li><li>Recent accommodation priced into rates is inconsistent with policy stance to get inflation back to target</li><li>Inflation will rebound in 1H 2024 and ECB should only reassess policy outlook after this period<

<ul><li>Prior 87.3; revised to 87.2</li><li>Current conditions 88.5 vs 89.7 expected</li><li>Prior 89.4</li><li>Expectations 84.3 vs 85.9 expected</li><li>Prior 85.2; revised to 85.1</li></ul><p>That's a bit of a disappointment as the Ifo reading reflects subdued bus