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Here is what you need to know on Friday, January 10: Following Thursday's quiet action in financial markets, the US Dollar (USD) stays resilient against its major rivals in the European morning on Friday.
The US dollar continues to strengthen against the Mexican peso, with market focus on political developments, border tensions, and Friday’s payroll data.
The British Pound plunged on Thursday, driven by UK bond yield spikes, with traders predicting volatility and potential declines to 1.20 against the US dollar.
US non-farm payroll report is taking center stage today as markets look for confirmation of Fed’s anticipated decision to pause rate cuts this month. Recent comments from multiple Fed officials have highlighted a cautious approach to further monetary easing, with a consensus forming that the...
US non-farm payroll report is taking center stage today as markets look for confirmation of Fed’s anticipated decision to pause rate cuts this month. Recent comments from multiple Fed officials have highlighted a cautious approach to further monetary easing, with a consensus forming that the...
In focus today The most important data release of the day will be the US December Jobs Report. We expect nonfarm payrolls growth to slow down to +170k (from +227k), see unemployment rate steady at 4.2% and average hourly earnings growth at +0.3% m/m SA. University of Michigan’s preliminary...
In the absence of the US, the UK sat on the headlines yesterday, with its debt drama. Everyone threw in what he or she thought about what today’s situation reminded them. The discussions went from the latest aggressive selloff triggered by Liz Truss to 1976 debt crisis when the UK had to ask IMF...
Markets The partial absence of US investors due to a national day of mourning for ex-president Carter and the empty economic calendar kept markets squarely focused on the UK. Gilt yields gapped another 12 bps higher at the open before paring most of those gains into the close. The earlier surge...
In focus today The most important data release of the day will be the US December Jobs Report. We expect nonfarm payrolls growth to slow down to +170k (from +227k), see unemployment rate steady at 4.2% and average hourly earnings growth at +0.3% m/m SA. University of Michigan’s preliminary...
In the absence of the US, the UK sat on the headlines yesterday, with its debt drama. Everyone threw in what he or she thought about what today’s situation reminded them. The discussions went from the latest aggressive selloff triggered by Liz Truss to 1976 debt crisis when the UK had to ask IMF...
Markets The partial absence of US investors due to a national day of mourning for ex-president Carter and the empty economic calendar kept markets squarely focused on the UK. Gilt yields gapped another 12 bps higher at the open before paring most of those gains into the close. The earlier surge...
German DAX futures -0.2%
UK FTSE futures -0.1%
This follows from the gains yesterday, with US futures also looking fairly cautious ahead of the US jobs report later. That will be the make or break for risk sentiment as we look to wrap up the week. S&P 500 futures are seen currently down 0.4%...
Both the CSI 300 and Shanghai Composite indices closed down by 1.3% today and that makes it back-to-back weekly losses for major indices in China. The drop today erases the gains from earlier in the week and pours cold water on any hopes of a recovery in sentiment to start the new year:
The...
We can expect more proactive fiscal policy in 2025, in terms of strength, efficiency and timing
To speed up fiscal spending in a bid to formulate actual spending
China's fiscal policy has abundant policy room and tools
China has relatively big room of raising debt and deficit
Once again, this...
The European session is basically empty on the data front today. The focus is on the US NFP report as it's going to be a market moving release, although the US CPI next week should have a bigger influence on the interest rate expectations given that the Fed is placing a great deal on further...
Indonesia's automotive sector has displayed a glimmer of recovery as recent data illustrates an improvement in car sales figures for December 2024. Compared to the same period the previous year, car sales have shown a significant uptick, with the indicator improving from a discouraging -11.90%...