UK100 Upbeat as Inflation Surprised to the Downside Ahead of the BoE Decision
The Bank of England got some encouraging news ahead of Thursday’s decision, as inflation eased in August according to today’s data and the UK index reacted higher
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The Bank of England got some encouraging news ahead of Thursday’s decision, as inflation eased in August according to today’s data and the UK index reacted higher
After a constant stream of poor economic data, today’s releases offer a glimmer of hope around China’s faltering recovery, helping HKG33, along with new supporting actions by the central bank
Sino-Western relations have deteriorated this year and the tech industry is front and center, but now the EV industry emerges as the next area of contention, as the EU announced an anti-subsidy probe
The pair slid on Monday after the Bank of Japan governor opened the door to an eventual hike, but finds support today ahead of key economic data
The pair slumped to 2023 lows after the Reserve Bank of Australia maintained rates at 4.1% yesterday, but catches a breath today as AU Q2 GDP came in better than expected
The pair extends this month’s fall and threatens critical support, amidst broader USD strength and the contraction of the UK’s services sector in August
The Reserve Bank of Australia kept rates unchanged for third straight meeting and last under current Governor Lowe, but once again did not shut the door on further tightening
Country Garden’s default warning aggravated concerns over China’s property sector, but authorities announced action to lower mortgages, helping copper prices
HKG33 falls today as China’s factory activity contracted for fifth straight month and troubled property developer Country Garden warned of default, after massive H1 loss
The pair hit new 2023 lows after poor preliminary PMIs from Europe, but the subsequent UK prints sent it higher, as markets contemplate their impact on monetary policy outlook
This week’s data from the UK showed that headline inflation eased further in July, but remains far from target and that wages increased further, keeping pressure on BoE for further monetary tightening
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