Recent Blogs




BoE expands QE envelope and cuts growth forecasts

Chris Scicluna
  • Euro sales data and construction PMIs due after German factory orders disappoint.
  • Japan’s services PMI revised up solidly to a 9-month high in October.
  • Aussie trade surplus widens in September as exports rise and imports fall.

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Huge electoral uncertainty in the US as Trump beats expectations

Chris Scicluna
  • Trump prematurely calls victory and says he’s going to the Supreme Court.
  • China’s Caixin services PMI significantly beats expectations in October.
  • Aussie retail sales surge.

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RBA cuts key cash and 3Y yield targets to 0.1%

Chris Scicluna
  • US election to dominate markets over the next 24 hours (and probably longer).
  • RBA cuts key cash and 3Y yield targets to 0.1%, announces A$100bn QE program.
  • Australian consumer confidence continues to edge higher as near-term outlook brightens.

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Huge week looms in the US

Chris Scicluna
  • Japan’s manufacturing PMI revised up to 9-month high after China’s official PMIs surprise to the upside.
  • Further policy easing to come this week from the BoE and RBA.
  • Aussie house prices rise in October; mortgage approvals jump in September, job ads. leap, but monthly inflation gauge points to fall in prices.

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Kiwi consumer confidence rises as gathering restrictions lifted

Chris Scicluna
  • Japan’s IP beats expectations, with unemployment steady, but housing starts and construction orders data still weak.
  • Tokyo consumer prices fell in October due to lower food and energy costs.
  • Euro area Q3 GDP likely beat expectations after strong French and Spanish data.

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