Archive for February, 2016
Monday, February 15th, 2016
Via Marc Chandler at SocGen:
Drivers for the Week Ahead
- The poor Q4 15 growth in the US cannot be laid at the Fed’s feet, as it did not raise rates until the quarter was nearly over
- The Federal Reserve releases the minutes of last month’s meeting in the middle ...
Posted in Uncategorized | Comments Off on FX
Sunday, February 14th, 2016
Both imports and exports take a chunky tumble.
Via Bloomberg:
A slide in China’s exports in January was eclipsed by an even bigger tumble in imports, leaving a record trade surplus for the world’s biggest trading nation.
Overseas shipments declined 11.2 percent in January in U.S. dollar terms from a year earlier, the ...
Posted in Uncategorized | Comments Off on Record Trade Surplus in China
Sunday, February 14th, 2016
Via the WSJ:
By
Eleanor Warnock
Updated Feb. 14, 2016 9:47 p.m. ET
TOKYO—Japan’s economy shrank for the second time in three quarters at the end of 2015, the latest blow to Prime Minister Shinzo Abe’s pro-growth program and a possible motive for further fretting by jittery investors worried about softening global ...
Posted in Uncategorized | Comments Off on Japan Economy: Less Than Festive in Q4
Sunday, February 14th, 2016
PBOC Raises Yuan Fixing by Most in Three Months as China Reopens
2016-02-15 01:37:10.13 GMT
By Bloomberg News
(Bloomberg) -- China strengthened the yuan’s reference rate
by the most in three months as onshore markets reopened after
the week-long Lunar New Year holiday.
The People’s Bank of China set the daily fixingagainst the
dollar, which restricts onshore ...
Posted in Uncategorized | Comments Off on Stronger Yuan Fix
Sunday, February 14th, 2016
Via the WSJ:
By Takashi Nakamichi
Updated Feb. 12, 2016 5:29 p.m. ET
31 COMMENTS
TOKYO— Bank of Japan Gov. Haruhiko Kuroda once awed the markets. Now he looks like just another central banker running out of options.
Mr. Kuroda took the helm of the BOJ in March 2013, vowing to do whatever it takes ...
Posted in Uncategorized | Comments Off on Out of Bullets in Japan
Saturday, February 13th, 2016
Via FT:
BoJ deputy says Japan needs bolder measures to unlock growth
Third arrow of Abenomics must fly faster says Nakaso
4 hours ago
by: Ben McLannahan in New York
The deputy governor of the Bank of Japan has called on the country's government to pull its weight, as the central bank strains to haul ...
Posted in Uncategorized | Comments Off on BOJ Official Calls For Government to Do More
Friday, February 12th, 2016
The Atlanta Fed GDP Now model shows Q1 2016 running at 2.7 percent. Recessions are made with decidedly less sterner (economic) stuff than that.
Via the Atlanta Fed:
Latest forecast — February 12, 2016
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is ...
Posted in Uncategorized | Comments Off on GDP Now
Friday, February 12th, 2016
Via Robert Sinche at Amherst Pierpont Securities:
AUSTRALIA: Motor Vehicle sales for January follow 11 months of YOY sales gains as domestic demand growth remains solid.
CHINA: Likely on Sunday evening China will release January data on both Bank Loans and the broader Aggregate Financing Activity. Comments in late January suggested that ...
Posted in Uncategorized | Comments Off on (Long) Weekend Data Preview
Friday, February 12th, 2016
The confidence number slipped a bit in January but the more meaningful metric is the measure of inflation expectations which is now at its lowest level since inception of the survey in 1979 as expectations dropped to 2.4 from 2.7.
If I were still hawking bonds to the unsuspecting I might ...
Posted in Uncategorized | Comments Off on Michigan Confidence Survey
Friday, February 12th, 2016
Via TDSecurities:
TD SECURITIES DATAFLASH
US: Retail Sales Start 2016 on their Front Foot
Retail Sales rose by a stronger-than expected 0.2% m/m in January. Measures of core sales showed an even more robust gain with a healthy breadth of spending. The prior month was also revised higher to also show a 0.2% ...
Posted in Uncategorized | Comments Off on Retail Sales Recap