Grantham

Markets In a session deprived of key data, yields and the USD yesterday faced a correction on recent rise. Markets concluded that, without new data evidence on strong US demand or sticky inflation, enough Fed rate cut delay is discounted. A decline in oil prices (high US stockpiles) also supported c

Finland's economic output expanded for the first time in seven months in February, data from Statistics Finland showed on Tuesday. Output of the national economy rose a working-day-adjusted 0.8 percent year-over-year in February, reversing a 0.3 percent drop in January, which was revised from a 1.2

In 2023, Germany's economy fared the worst among major economies, with GDP declining by 0.3% year-on-year and industrial production dropping by 2.5% compared to 2021. This can be attributed to its heavy reliance on manufacturing, past reliance on Russian gas, weak construction sector, and reduced gl

Three major US banks; JPMorgan Chase, Citigroup, and Wells Fargo will report their Q1 2024 earnings results today. JPMorgan Chase is ranked 13th in terms of component weightage in the DJIA. Analysts’ Q1 earnings estimates for these three US banks have been lowered which increases the possibility of

Today, the ECB decided to leave policy rates unchanged as unanimously expected. A rate cut looks set to come in June, subject to further confidence on the three criteria that have guided ECB policy making through the past year. The next to no new policy signals left markets largely unchanged. Limite

USD/JPY edges up to 153.22, lifted by inflation reports and rising DXY. US PPI data indicates slower inflation growth yet fails to dampen the bullish momentum for the US Dollar. Fed officials express disappointment in inflation trends, highlighting ongoing economic challenges. The USD/JPY climbed du

AUD/USD trades in positive territory near 0.6630 on Wednesday, the highest in two weeks. US March inflation report on Wednesday will be in the spotlight as it might offer some hints about inflation trajectory. Commonwealth Bank expected three 25 basis points (bps) interest rate cuts by the end of th