Forward Guidance: Inflation Data in Focus as Supply Chain Disruptions Drag on
A busier calendar of economic data will be headlined by October inflation numbers. We expect the inflation rate ticked up to 4.5% reflecting higher food, gasoline, and home purchase/ownership costs. Annual CPI growth is still being biased higher by weak...
Week Ahead – More CPI Data Incoming; Is the Inflation Storm about to Get Bigger?
As inflation in the United States hits a three-decade high, there could be further nasty surprises on the way as more countries publish their monthly CPI prints. The focus will also be on the economic recovery, as there is a...
Crude Oil Price Holds Steady As OPEC Downgrades Demand Estimates
US equities remained relatively calm on Thursday as investors continued to reflect on rising inflation and supply challenges. The Dow Jones declined by about 70 points while the S&P 500 and Nasdaq 100 indices rose marginally. Data published on Wednesday...
Global Inflation Watch – Highest US Wage Growth in More than 10 Years
Overview: Labour shortages persist pushing US wage inflation to the highest level in 10 years. Commodity prices eased over the past month, though, as gas, oil and coal prices are off the peaks. Bottlenecks continue to drive unusually long delivery...
Inflation In The United States Reached A Record Over The Past 30 Years
The US consumer price index increased by 0.9% to 6.2% (previous 5.4%) in annual terms, it’s well above analysts’ forecasts. And this has been the highest rate of inflation since 1990. With such a sharp rise in inflation, investors began...
New Zealand Dollar Dips to 71
The New Zealand dollar has extended its losses for a second successive day. NZD/USD is currently trading at 0.7109, down 0.31% on the day. New Zealand business confidence slides The news was grim from the New Zealand Business Confidence index,...
US inflation breached 6% in October as price growth broadened
Headline inflation rose to 6.2% from a year ago, 0.9% on a seasonally adjusted basis from September Core prices (ex-food and energy) grew a faster 0.6% month over month Price growth expected to continue to broaden, as higher costs filter...
AUDNZD Set To Shake Off Better AU Biz And Consumer Confidence Data
This article reviews the release of stronger Australian consumer and business confidence data and what it means for the AUDNZD cross rate, which market time overnight closing near 1.0350. The NAB business confidence survey for October released yesterday showed business...
Dollar Braces for US Inflation Report
The latest US inflation data will be released at 13:30 GMT Wednesday. Forecasts point to another sharp acceleration, which could unleash turmoil in the markets as the transitory narrative melts away. As for the dollar, the outlook remains positive with...
US Stock Markets Again Managed An All-Time Closing High
Markets Last week’s corrective bond rally stranded at the start of the fresh trading week. Core bonds ceded ground with rising inflation expectations responsible for the move. Declining real yields (post-BoE deception) no longer counter inflation dynamics. The European 10y...