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<p>Governor Michele Bullock is set to hold a press conference at the bottom of the hour following the RBA decision and new forecasts. </p><p>AUD/USD rose about 10 pips on the statement as they retained a hawkish stance. Expect more talk of wanting to gain confidence about falling inflation — particularly services inflation &

<p>The CSI300 is up 1.3% early trading today with the help of comments from the sovereign wealth fund and the regulator. </p><p>Chinese stocks are in an interesting spot because of week-long holidays that will start on Friday. That may ramp up the pressure to act sooner.</p><p>Bloomberg kicked off speculation about a r

<p>The China securities regulators says it encourages listed firms to buy back more shares to inject more capital into the A-share market and make every effort to maintain stable market operations.</p><p>Alibaba reports earnings tomorrow and it has a large cash pile. Many investors would like it to step-up stock buybacks. This mig

<p>Chinese stocks have been front-running talk of more stimulus and help. Now there are multiple reports of comments from China Central Huijin Investment and a statement saying they will increase the investment of China stock ETFs and are determined to safeguard the stable operation of the market.</p><p>China Central Huijin Invest

<ul><li>Prior was +0.2% (revised to -0.1%)</li><li>Change compared to a year earlier -1.0%, seasonally adjusted</li></ul><p>This is the strongest quarterly growth since Q3 2022 but it comes largely thanks to a downward revision to Q2.</p><p>Ben Dorber, ABS head of retail statistics, said: “The r

<p>China's CSI 1000 index grabbed some rare attention yesterday as it briefly plunged 8.7%. It's a rarely-talked-about index that's largely driven by derivatives on small stocks so I wouldn't take it as an indicator of a crash.</p><p>That said, it is certainly indicative of the broader pain in Chinese equities,

<ul><li>Prior was +1.9%</li><li>Consumer spending +3.1% y/y</li><li>Consumer confidence about personal finances at highest since Nov 2021</li></ul><p>The UK retail sales data from the British Retail Consortium (BRC) provides insight into the performance of the retail sector in the United Kingdom

<ul><li>Important for ECB's credibility to be right with rate cuts</li><li>Still quite a lot of resilience in services inflation and wages</li><li>The equilibrium level of interest rates are likely to be higher than it was some years ago</li></ul><p>This is consistent with the main message

<ul><li>We took a a long time to get rates up</li><li>Couple that with the transmission lags, we're still looking at a pretty restrictive period of monetary policy even after you start the moderation</li><li>Fairly convinced that falling prices are not solely driven by energy alone</li><li>At thi

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/dollar-trades-back-to-little-changed-as-markets-remain-tentative-20240206/">Dollar trades back to little changed as markets remain tentative</a></li><li><a href="https://www.forexlive.com/news/heads-up-fedspeak-one-to-w