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Fed has started the rate cut ball rolling, starting with a 50 basis pt cut last night.
September Fed rate cut 25 basis points? Maybe we will get a 50 basis points cut!
The US Labour market is worst than expected...............how can they make such a huge mistakes? ...................懂 的 都 懂 .
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Nonfarm payroll growth revised down by 818,000, Labor Department says
- As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said the actual job growth was nearly 30% less than the initially reported
- The revision to the total payrolls level of -0.5% is the largest since 2009.
- At the sector level, the biggest downward revision came in professional and business services, where job growth was 358,000 less than initially reported.
顺 势 而 为 , 借 势 而 进 , 造 势 而 起 , 乘 势 而 上 !
Luzern ( Date: 06-Aug-2024 09:26) Posted:
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Citi downgrades DBS, OCBC, UOB to &lsquo sell&rsquo as first signs of US contraction emerge
Jovi HoMon, Aug 05, 2024 &bull 12:35 PM GMT+08 &bull &bull 3 min read
Citi downgrades DBS, OCBC, UOB to &lsquo sell&rsquo as first signs of US contraction emerge (theedgesingapore.com)
Citi Research analyst Tan Yong Hong has downgraded Singapore&rsquo s three major banks to &ldquo underweight&rdquo as Citi economists expect 225 basis points (bps) of rate cuts by the US Federal Reserve in 10 months and see recent data as first signs of US economic contraction.
Luzern ( Date: 04-Jun-2024 18:00) Posted:
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Wealth are evaporating away at an amazing rate in the global markets.........How will private banking fare in this kind of environment?
The end of the &lsquo carry trade&rsquo ? How Japan&rsquo s yen could be ripping through U.S. stocks
Published Fri, Aug 2 20246:59 AM EDTUpdated Fri, Aug 2 20248:35 AM EDT
- The key driver of global markets is the yen exchange rate, according to one financial historian.
- Russell Napier, co-founder of the investment research portal ERIC, said in a recent installment of his &ldquo Solid Ground&rdquo macro strategy report that investors have been provided with a glimpse of the impact a change in Japanese monetary policy can have on U.S. financial markets.
- His comments come at a time when many market participants have been caught off guard by the speed of the yen&rsquo s rally.
Carry trade: How Japan' s yen could be ripping through U.S. stocks (cnbc.com)
Japan stocks plunge over 10%, confirming bear market, as Asia shares extend sell-off
Published Sun, Aug 4 20247:48 PM EDTUpdated 27 Min Ago
Asia stock markets: Nikkei sell-off, RBA meeting, China PMI, India PMI (cnbc.com)
European markets higher Swiss National Bank cuts rates ahead of Bank of England decision
UK inflation falls to Bank of England&rsquo s 2% target ahead of elections
PUBLISHED WED, JUN 19 20242:08 AM EDTUPDATED 5 MIN AGO
- U.K. inflation fell to the Bank of England&rsquo s target of 2.0% in May, the Office for National Statistics said Wednesday.
- The headline reading declined from 2.3% in April, bringing it in line with the central bank&rsquo s 2% target.
- The print is the last key economic measure ahead of national elections in July.
UK inflation, May 2024 (cnbc.com)
Treasury yields retreat as weak retail sales raise concerns about consumer
PUBLISHED TUE, JUN 18 20243:08 AM EDTUPDATED AN HOUR AGO
Retail sales were up just 0.1% in May, below the 0.2% expected by economists, according to Dow Jones. There was also a downward revision to the April data, which now shows a 0.2% decline.
Treasury yields retreat as weak retail sales raise concerns about consumer (cnbc.com)
The Fed is &lsquo playing with fire&rsquo by not cutting rates, says creator of &lsquo Sahm Rule&rsquo recession indicator
PUBLISHED TUE, JUN 18 20243:05 PM EDTUPDATED MOMENTS AGO
- Economist Claudia Sahm has shown that when the unemployment rate&rsquo s three-month average is half a percentage point higher than its 12-month low, the economy is in recession.
- Sahm said the Fed is taking a big risk by not moving now with gradual cuts.
- Fed officials last week sharply lowered their individual forecasts for rate cuts this year, going from three expected reductions at the March meeting to one this time around.
Economist Sahm, who devised recession rule, says the Fed is ' playing with fire' (cnbc.com)
Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
PUBLISHED WED, JUN 5 20248:15 AM EDTUPDATED WED, JUN 5 20249:08 AM EDT
- ADP reported that companies added 152,000 jobs in May, fewer than the downwardly revised 188,000 in April and below the Dow Jones consensus estimate for 175,000.
- Nearly all the hiring came from the services sector, with goods producers contributing just a net 3,000 to the total.
- Trade, transportation and utilities led with 55,000 new jobs, while education and health services added 46,000, and construction contributed 32,000.
Private payrolls growth slows to 152,000 in May, much less than expected, ADP says (cnbc.com)
European stocks close at record highs after European Central Bank cuts interest rates
PUBLISHED THU, JUN 6 202412:20 AM EDTUPDATED 2 HOURS AGO
The ECB confirmed a widely-anticipated reduction in interest rates at its meeting in Frankfurt, despite lingering inflationary pressures in the 20-nation euro zone. It takes the central bank&rsquo s key rate to 3.75%, down from a record 4% where it has been since September 2023.
European markets: ECB interest rate decision (cnbc.com)
Bear come we friend friend bear, Bull come, we friend friend Bull.
Huat Ah!
pkli899 ( Date: 05-Jun-2024 20:20) Posted:
At least, this is for real.
Unlike US, no affirmation.
Btw, your huge bear image is very scary...... |
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Treasury yields fall as traders weigh latest U.S. private payrolls and services data releases
PUBLISHED WED, JUN 5 20243:40 AM EDTUPDATED 4 HOURS AGO
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Private payrolls rose by 152,000 in May, according to ADP. That was below the 175,000 expected by economists, according to Dow Jones, and down from 188,000 in April. Those numbers came a day after the Labor Department said there were 8.059 million job vacancies in April, the lowest in three years less than the expected 8.4 million."
U.S. Treasurys: investors weigh economic data (cnbc.com)
At least, this is for real.
Unlike US, no affirmation.
Btw, your huge bear image is very scary......
European Central Bank set to cut rates for the first time since 2019
FRANKFURT &mdash The European Central Bank this week is set to cut borrowing costs for the euro area for the first time since September 2019
