Hawthorne
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Chicago Business Barometer Unexpectedly Falls To Lowest Level Since May 2023
A report released by MNI Indicators on Thursday showed Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of March. MNI Indicators said its Chicago business barometer fell to 41.4 in March from 44.0 in February, with a reading below 50 indicating contraction.
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USD/JPY: Another leg higher needed for actual FX intervention to be deployed – ING
The most notable moves in G10 since the start of the week have been the further sell-off in G10 low-yielders: Swiss Franc (CHF) and Japanese Yen (JPY). Economists at ING analyze CHF and JPY outlook. Japanese authorities look at the rate of change more than levels CHF has been a bigger underperformer
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$1810: Electronics Manufacturer Xiaomi Reacting from Buying Area
Xiaomi Inc. is a Chinese designer and manufacturer of consumer electronics and software. Behind only Samsung and since 2021 surpassing Apple, it is the second largest manufacturer of the smartphones in the world. Most of them run the MIUI operating system. It is also a major manufacturer of app
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US Consumer Confidence is expected to stabilize – Bond market sentiment remains a bit diffuse
Markets In a more or less synchronic, technically inspired move US, EMU and UK bond markets reversed most of Friday’s rally. Eco data were few and mostly second tier. Marginally softer-than-expected US new homes sales (-0,3% M/M) had little impact on trading. Fed speakers covered the full spectrum o
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European Shares To Open On Subdued Note Amid Rising Geopolitical Tensions
European stocks may open flat to slightly lower on Tuesday as the terrorist attack on Moscow boosted oil prices and dented investors' appetite for riskier assets. Russian President Vladimir Putin has publicly acknowledged that "radical Islamists" were behind the recent attack on a concert hall outsi
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SPY to gain more
S&P 500 continued merely digesting Thursday gains thanks to weak cyclicals, instead of keeping up and outdoing tech inspired by retreating yields. Anticipated weak finish to Thursday‘s session continued a day longer, and two good intraday upswings were sold into. Energy and materials of course c
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The big picture: Power of intention
In this week's big picture series we discuss how current central bank signalling is impacting global asset classes and the macro-economy as a whole. Global equity markets rallied firmly this week with the S&P 500, Japan’s Nikkei and the UK FTSE all trading to new fiscal year highs. Global Fixed
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Is peak emerging market debt distress in the past?
Summary In mid-2022, we published a series of reports focused on sovereign default risks in the emerging and frontier markets. Takeaways included how tighter monetary policy, a strong dollar and global economic malaise were weighing on developing nation's ability to service sovereign debt obligation
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Asian Markets Trade Mixed
Equity markets in Asia finished trading on a mixed note amidst an uptick in inflation in Japan as well as uncertainties about rate cuts by the Fed. The Dollar's rebound as well as mixed corporate earnings weighed on sentiment. China's Shanghai Composite Index slipped 0.95 percent to finish trading a
Pull-up Update