HSBC China manufacturing PMI for September (final) The flash reading was 50.5 Unchanged from the August reading – Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said: “Output and new orders were both revised down … Continue reading
Shanghai Securities News reports (via MNI) on a research note from the Industrial and Commercial Bank of China, China’s largest bank: Says the PBOC will continue with its “prudent” monetary policy stance & targeted easing measures during the remainder of … Continue reading
Sina reports (via MNI): People’s Bank of China’s Nanchang branch (in central China) announced it would cut the downpayment requirement for the purchase of second homes to 60%, from 70% currently, with immediate effec Downpayment requirement had been raised to … Continue reading
From the Bank of Japan (BOJ) tomorrow (Wednesday, Tokyo time) we get the Q3 BOJ Tankan report. The Wall Street Journal published a preview late last week, and I had a bit of summary of it, here: Bank of Japan … Continue reading
An article in the Australian Financial Review headlined: RBA wants dollar to fall further I don’t see anything much new in it, but it is ungated and gives good background on the current economy and some pertinent quotes from investment … Continue reading
Goldman Sachs is out with a quick preview of the upcoming ECB decision: ECB: We expect rates on hold (Main Refinancing Rate on hold at 0.05%, in line with consensus). The ECB will publish technical documents on how it intends … Continue reading
Fisher spoke on Bloomberg Radio. When one of the biggest Fed hawks can’t get worked up about inflation maybe the market is pricing in too many rate hikes. 1.00-2.00% in the next few years? Sure. 3.00-4.00%? Not a chance.
Treasury Deputy Secretary (and former Fed member) Sarah Bloom Raskin spoke about the $1.1 trillion in outstanding US student loans today. “This sobering reality has consequences not just for the individual student carrying large student debt, but for the economy … Continue reading
S&P has cut their forecasts for Canada’s 2014 real GDP to 2.3% from 2.5% saying that the disappointing economic growth is likely to continue. They see 2015 GDP at 2.7% which is slightly higher than market estimates of 2.5%. With … Continue reading
We’ll take stronger dollar into account in the way it affects trade and inflation That’s another Fed head talking about the level of the dollar.
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