IN THE OVERNIGHT 20 SEPTEMBER
Happy FOMC Day! Asia RED, Europe Green TOP STORIES OVERNIGHT Fed Set to Pause Rate Hikes, But Don’t Count Out Another Increase-BBG The Federal Reserve is expected to pause its interest-rate hikes Wednesday for the second time this year following a slowing in inflation while leaving the door open for another increase as early as November. The Federal […]
IN THE OVERNIGHT 19 SEPTEMBER
Mixed Markets TOP STORIES OVERNIGHT Euro-Zone Inflation Eased Last Month, Revised Data Show-BBG Euro-area inflation slowed last month after all, according to revised data that will support European Central Bank officials saying no more interest-rate hikes are needed. Consumer prices increased 5.2% in August, down from an initial reading of 5.3%, which had matched July’s number. Core inflation, which excludes […]
WEEKEND PREP 17 SEPTEMBER
FOMC up on Wednesday, Fed is expected to hold Data last week CPI Per the BLS: CONSUMER PRICE INDEX – AUGUST 2023 The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6 percent in August on a seasonally adjusted basis, after increasing 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. […]
IN THE OVERNIGHT 15 SEPTEMBER
HAPPY WITCHING DAY! (see article below) Another pretty GREEN day TOP STORIES OVERNIGHT United Auto Workers Go On Strike After Contract Talks Break Down-BBG The United Auto Workers began an unprecedented strike at all three of the legacy Detroit carmakers, kicking off a potentially costly and protracted showdown over wages and job security. After the midnight […]
IN THE OVERNIGHT 14 SEPTEMBER
Jobless claims and PPI at 8:30AM ET Mostly GREEN! TOP STORIES OVERNIGHT China Cuts Reserve Requirement Ratio for Second Time This Year-BBG China’s central bank cut the amount of cash lenders must hold in reserve for the second time this year to bolster an economic recovery that’s struggling to rebound. The People’s Bank of China […]
IN THE OVERNIGHT 13 SEPTEMBER
Happy CPI day!! 8:30 AM ET Pretty RED out there TOP STORIES OVERNIGHT Germany to Predict 2023 Contraction in Updated GDP Forecast-BBG The German government will predict a contraction for this year instead of sluggish growth when it updates its outlook for Europe’s biggest economy next month highlighting the nation’s plight as its industrial […]
IN THE OVERNIGHT 12 SEPTEMBER
Mixed Markets TOP STORIES OVERNIGHT Fed Threat Means Yen Intervention Still in Play After Rally-BBG The yen remains vulnerable to sharp movements and government intervention even after its rally at the start of this week as key US data and central bank meetings loom large among potential catalysts. US inflation figures on Wednesday are expected […]
WEEKEND PREP 10 SEPTEMBER
Very quiet data week last week ….everyone is watching for inflation numbers this next week So lets look over some charts From Three Fourteen Research: Late-cycle Energy performance is much different around hard and soft landings. Heading into a recession, the Energy Sector leads the S&P. Around soft landings, Energy lags significantly. Oil’s late-cycle performance […]
IN THE OVERNIGHT 8 SEPTEMBER
Yet another RED day TOP STORIES OVERNIGHT Strikes start at major Chevron Australia LNG projects, no talks planned-Reuters Workers at Chevron’s (CVX.N) liquefied natural gas (LNG) projects in Australia went on strike on Friday after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply. No further talks were scheduled between […]
IN THE OVERNIGHT 7 SEPTEMBER
Another pretty RED day TOP STORIES OVERNIGHT US Futures Fall as Dollar Climbs to Six-Month High-BBG China’s yuan sank to its weakest level in 16 years. The dollar extended its rise to a six-month high as investors focused on the robust growth picture in the US, which released forecast-beating services activity data on Wednesday. The […]