Bessent's Energy Shock Claim Not Yet Confirmed by Oil Prices
Treasury Secretary Bessent says the energy shock is over, but crude oil prices remain elevated above key support levels, indicating the market has yet to…
Treasury Secretary Bessent says the energy shock is over, but crude oil prices remain elevated above key support levels, indicating the market has yet to…
The Nasdaq slid last week on hot inflation, growth worries, and widening credit spreads. Key focus is Friday's US Flash PMIs.
German producer prices rose more than expected in September, with the annual rate hitting 6.7%, the highest since March 2023, driven by energy costs.
German September producer prices rose 1.9% m/m, topping forecasts; the y/y gain was measured against a 6.2% expectation.
Daiwa says the Bank of Japan is now focused on keeping inflation near 2%, with wage growth key to the timing of future rate hikes.
BlackRock upgrades US Treasuries, citing higher yields as a cushion, and says the French bond sell-off highlights the need for selectivity.
Bank of Canada Q3 business survey shows improvement in future sales and recession expectations, but consumer inflation expectations jumped sharply, raising…
USDCAD dipped to 1.4071 before recovering after Canada's softer September CPI, though sellers remain in control near 1.4082.
Central banks target around 2% inflation to guard against deflation, keep expectations anchored and preserve room to cut real interest rates.
Canada's consumer price index rose 3.1% year-on-year in September, below the 3.2% estimate, while core measures were mixed.
UK inflation is expected to climb in September, with headline CPI at 3.4% and core at 2.8%, ahead of the BOE's November rate decision and the autumn budget.
Traders focus on inflation, PMIs and labor data across Canada, the U.K., New Zealand, Japan, the Eurozone and the U.S.
Ben Emons says the Fed may hike in October and expects more increases, with inflation still pressuring policymakers.
RBA Assistant Governor Christopher Kent cited rising neutral rates and questioned whether policy is restrictive enough after a weak jobs report.
BoJ Governor Ueda underlined the need to keep inflation around 2% as AI and energy costs lift prices, reinforcing expectations of a rate hike.