9 March, 2016 by The TZ Newswire Staff Comments Off on How To Trade Tomorrow’s ECB Meeting
How To Trade Tomorrow’s ECB Meeting
The European Central Bank promised in January to “review and reconsider” its monetary stance this week. The question, as BloombergBriefs notes, is not if policy makers will ease but how. Haruhiko Kuroda’s humbling in FX markets shows what Mario Draghi is up against tomorrow: namely, that even the most forceful policy decisions can be overwhelmed by events, positioning, or sentiment.
9 March, 2016 by The TZ Newswire Staff Comments Off on How To Trade Tomorrow’s ECB Meeting
How To Trade Tomorrow’s ECB Meeting
The European Central Bank promised in January to “review and reconsider” its monetary stance this week. The question, as BloombergBriefs notes, is not if policy makers will ease but how. Haruhiko Kuroda’s humbling in FX markets shows what Mario Draghi is up against tomorrow: namely, that even the most forceful policy decisions can be overwhelmed by events, positioning, or sentiment.
9 March, 2016 by The TZ Newswire Staff Comments Off on Asia trades mixed; Shanghai slips; Nikkei up 1%
Asia trades mixed; Shanghai slips; Nikkei up 1%
Most major Asian markets rebounded Thursday morning, with Shanghai the odd one out.
9 March, 2016 by The TZ Newswire Staff Comments Off on Asia trades mixed; Shanghai slips; Nikkei up 1%
Asia trades mixed; Shanghai slips; Nikkei up 1%
Most major Asian markets rebounded Thursday morning, with Shanghai the odd one out.
9 March, 2016 by The TZ Newswire Staff Comments Off on China CPI and PPI … No, this isn’t great data
China CPI and PPI … No, this isn’t great data
The big jump in February CPI for China has been met with optimism out there
I don’t share it
Here’s the data (link here for more):
– CPI 2.3% y/y, vs. expected 1.8%, prior was 1.8%
That CPI looks good for reflation, or at least much better than we’ve come to expect. But, here are the buts:
9 March, 2016 by The TZ Newswire Staff Comments Off on China CPI and PPI … No, this isn’t great data
China CPI and PPI … No, this isn’t great data
The big jump in February CPI for China has been met with optimism out there
I don’t share it
Here’s the data (link here for more):
– CPI 2.3% y/y, vs. expected 1.8%, prior was 1.8%
That CPI looks good for reflation, or at least much better than we’ve come to expect. But, here are the buts:
9 March, 2016 by The TZ Newswire Staff Comments Off on China Food Inflation Explodes To 4 Year Highs As Producer Prices Slump For 47th Straight Month
China Food Inflation Explodes To 4 Year Highs As Producer Prices Slump For 47th Straight Month
For the 47th month in a row, China’s Producer Prices have fallen year-over-year – a record deflationary streak. CPI rose 2.3% YoY – the fastest pace since May 2014 (against expectations of a 1.8% rise in consumer prices, and at the upper end of the +1.5% to +2.4% range). PPI printed as expected with a 4.9% YoY plunge in producer prices (-4.5% to -5.5% range). However, what is most disturbing – from both a social unrest and economic-stimulus-hope basis, is that Food prices exploded 7.3% YoY – the most in 4 years.