<p>Singapore December non oil domestic exports (NODX) -2.8% m/m </p><ul><li>-1.5% expected, +0.3% prior</li></ul><p>For the y/y -1.5%</p><ul><li>expected +3.3%, prior +1%</li></ul><p>–</p><p>Singapore Non-oil Domestic Exports (NODX) measures the value of
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China's consumers to save more, spend less through to the second half of the year
<p>Global head of research at Standard Chartered Bank's global head of research was interviewed by CNBC on China, on the consumer:</p><ul><li>consumer confidence is soft </li><li>part of that is because of a softer labor market and softer incomes </li><li>but also with real estate prices down qui
OPEC maintains oil demand outlook for 2024, sees further growth in 2025
<ul><li>2024 world oil demand growth forecast unchanged at 2.25 mil bpd</li><li>2025 world oil demand growth forecast seen at 1.85 mil bpd</li><li>December oil price drop mainly driven by selling pressure from speculators</li></ul><p>The bloc says that it brought forward the 2025 demand forecast
ForexLive European FX news wrap: Pound bounces on stronger UK inflation
<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/cable-continues-to-run-higher-after-stronger-uk-inflation-data-20240117/">Cable continues to run higher after stronger UK inflation data</a></li><li><a href="https://www.forexlive.com/news/the-bond-market-holds-the-card
US MBA mortgage applications w.e. 12 January +10.4% vs +9.9% prior
<ul><li>Market index 210.5 vs 190.6 prior</li><li>Purchase index 162.2 vs 148.6 prior</li><li>Refinance index 471.2 vs 425.4 prior</li><li>30-year mortgage rate 6.75% vs 6.81% prior</li></ul><p>The jump in the week before could be discounted after the plunge in activity in the final
Eurozone December final CPI +2.9% vs +2.9% y/y prelim
<ul><li>Prior +2.4%</li><li>Core CPI +3.4% vs +3.4% y/y prelim</li><li>Prior +3.6%</li></ul><p>No changes to the initial estimates and with a slight easing of core prices from November to December, it still keeps the ECB on track. However, the real challenge will be starting from this year, as t
ECB's Panetta says awaiting data to confirm disinflation outlook
<ul><li>Disinflation is happening, is strong and will continue</li><li>Monetary conditions should adjust but awaiting data first to confirm disinflation outlook</li></ul><p>This just reaffirms the current ECB stance of being data-dependent. Amid all the pushback by policymakers though, traders are still wel
Dollar stays in control so far on the session
<p>The euro and pound are trading little changed against the dollar on the session now, while other major currencies are still looking fairly sluggish against the greenback. Cable rose to a high of 1.2675 earlier after the UK inflation data but has pared that advance to 1.2640 levels currently.</p><p>For now, the dollar remains in
Microsoft Challenges Apple's Market Cap Supremacy: The Battle for the Throne
<p>As of the beginning of 2024, Apple's stock is facing a less-than-ideal situation, leading to a temporary loss of its market cap throne. It’s not something extraordinary – Microsoft briefly outranked Apple in 2020 and 2021 – but the recent shift is still a significant event for the financial markets. For more insights into noteworthy [
Cable continues to run higher after stronger UK inflation data
<p>After touching fresh five-week lows earlier just below 1.2600, GBP/USD has reversed higher to 1.2670 now and trading at the highs for the day. It comes after the hotter-than-expected UK inflation data, which is leading to traders paring rate cut bets for the BOE.</p><p>The odds of a May rate cut are now at around 58% […]