Canadian Dollar Flat ahead of CPI
The Canadian dollar is drifting ahead of the North American session. Currently, USD/CAD is trading at 1.2559, unchanged on the day. Canada will release October inflation reports later in the day. As is the case in the US, inflation is...
Asian Open: USD/JPY Hits A 3-Year High Ahead Of Japan’s Trade Data
The USD extended its post-CPI gains due to strong retail sales data, with only GBP slightly outperforming it as bets are now on for BOE to hike in December. Asian Futures: Australia’s ASX 200 futures are up 19 points (0.26%),...
US: Strong Retail Sales Report Pointing to an Early Kick-off to Holiday Shopping Season
Retail sales rose by 1.7% m/m in October, above the consensus forecast of 1.3%. September data, was revised up to an even stronger 0.8% m/m (from 0.7%). Sales in volatile categories were robust, led by gasoline stations +3.9% m/m, which...
Slight Improvement In US-China Diplomatic Relations
Market movers today Today’s highlight will be the US retail sales which have continued to surprise on the upside in recent months. Elevated US goods consumption remains an important driver behind the global supply chain pressures and today’s figures will...
Japan: Expect Stronger Economy But Softer Currency
Summary Japan’s GDP contracted in Q3, not an unexpected result considering a state of emergency remained in effect for Tokyo and the surrounding areas through until the end of September. Weakness was evident in both consumer spending and business investment....
Are Stocks Still The Place To Be?
After breaking a five-week winning streak, the S&P 500 futures gained slightly in early Monday trading as investors continued to monitor economic data and hints from monetary policy officials. The 0.31% decline in the S&P 500 last week came on...
Weekly Economic & Financial Commentary: Inflation Shows No Signs of Backing Down in October
Summary United States: Inflation Shows No Signs of Backing Down in October The inflation bells were ringing this week as the consumer price index climbed a hefty 0.9% in October, pushing the year-over-year rate over 6%, the highest in 30...
The Weekly Bottom Line: Inflation Hits 30-Year High
U.S. Highlights The Consumer Price Index data stole the show this week, with inflation hitting 30-year highs in October. Transportation prices have brought the drama in the run up in core inflation to above 4% in 2021, but widespread price...
Week Ahead: Continued Inflation Data to Guide the Markets
Last week, the headlines were dominated by inflation, as US CPI came in much hotter than expected. Could this the final nail in the coffin which put a top in stock indices? That theme is likely to continue this week...
Week Ahead – The Great Inflation Debate
Central banks have a massive dilemma on their hands There’s a clear and unintentional theme to this weeks preview, something that’s increasingly come to dominate the conversation, drive markets around the globe and across asset class, and that we haven’t...