Recent Blogs

FILTER POSTS

Category

Archive

Japan’s unemployment rate falls to a near-2-year low

Chris Scicluna
Emily Nicol
  • Ahead of its latest monetary policy announcement on Thursday, the BoJ announces another two days of special unlimited purchase operations of 10Y JGBs at a fixed rate of 0.25%, to continue to defend its yield curve control framework.
  • BoJ’s estimate of trimmed mean CPI highest since 2008, but still well below 2% target and considerably lower than the US and euro area rates.
  • UK public finances data confirm that deficit more than halved as a share of GDP in FY21/22.

Categories : 

Comfortable victory for Macron

Chris Scicluna
Emily Nicol
  • Comfortable victory for Macron in French Presidential election. Focus now shifts to June's Parliamentary elections.
  • The BoJ set to leave policy unchanged despite higher inflation, rising global yields and weak yen.
  • German ifo business survey set to signal ongoing struggles in manufacturing but firmer services sentiment. Friday's euro area GDP report expected to suggest another quarter of very weak but positive growth in Q1.
  • US GDP data expected to report a marked slowdown in Q1.

 

Categories : 

UK retail sales volumes maintain downtrend

Chris Scicluna
Emily Nicol
  • Japanese CPI inflation up in March to 3½-year high of 1.2%Y/Y as energy prices rise more than 20%Y/Y, the most in 4 decades.
  • European flash PMIs to be watched today for signs of a further loss of growth momentum at the start of Q2; Macron seemingly firmly on track for another term as French President as he goes head-to-head against Le Pen this weekend.

Categories : 

UK inflation beats expectations; Japanese orders plunge

Chris Scicluna
Emily Nicol
  • UK CPI inflation accelerates ahead of expectations to 30-year high of 7.0%Y/Y  
  • Japanese core machine orders plunged in February to raise concerns about the investment outlook 
  • Chinese imports posted an eye-catching year-on-year decline in March as local lockdowns continue to take a toll, while export growth slowed too

Categories : 

UK labour market remains tight but real regular wage growth negative

Emily Nicol
  • UK labour market report suggested further tightness, but real regular wage growth firmly in negative territory and so retail spending fell back
  • Japanese producer price inflation came in above expectations in March, with upwards pressures from higher commodity prices and the weaker yen 

Categories :