Banks weak, but commodities firming

News related to Deutsche Bank turned around what was a developing risk positive trend in global markets and currencies this week. A stronger oil price helped weaken the JPY and strengthen energy producers, more broadly boosting risk appetite. We are not convinced problems at Deutsche bank will...

Caixin China General Manufacturing PMI

Having stagnated in August, Chinese manufacturers signalled little-change to overall operating conditions during September. On a positive note, output and total new orders continued to expand, albeit marginally, while firms raised their purchasing activity for the third month in a row. However, c...

RBA Financial Aggregates – August 2016

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PBOC sets USD/CNY central rate at 6.6778 (vs. yesterday at 6.6700)

USD/CNY reference rate for Friday 30 September 2016 •PBOC inject 30bn yuan through 14-day reverse repos •& inject 10bn through 28-day reverse repos Coming up next week in China ... holidays! Golden Week will close markets.

AUDUSD Carves Out Bearish Engulfing Pattern at Range Top

AUDUSD has carved out yet another bearish pattern near channel resistance that extends from the April 2013 high. The first occurred on September 8th and triggered an impressive 200 pip selloff over the next three sessions. While yesterday’s session didn’t form the same pin bar style candle, it did...

Australia New Home Sales Rebound in September – HIA

A volatile indicator of new Australian home sales rebounded in September, but the underlying trend continued to show a leveling off from the prior boom period. The Housing Industry Association (HIA) reported that its monthly survey of large-volume builders said new home sales rose 6.1% in Septemb...

Japan Industrial Output Climbs 1.5% In August

Industrial output in Japan gained 1.5 percent on month in August, the Ministry of Economy, Trade and Industry said on Friday.

VIX Well Below Its Futures Contracts

When there is a big disagreement between the value of the spot VIX Index and the prices of its futures contracts, that carries important information about trader sentiment. As of the close on Sep. 28, 2016, the spot VIX was well below all of its futures contracts. The chart above measures the sp...

Malaysia Manufacturing PMI Continues To Contract

The manufacturing sector in Malaysia remained in contraction in September, albeit at a slower pace, the latest survey from Nikkei showed on Friday with a manufacturing PMI score of 48.6.

South Korea Manufacturing PMI Hits 14-Year Low

The manufacturing sector in South Korea continued to contract in September, and at an accelerated pace, the latest survey from Nikkei revealed on Friday with a 14-year-low PMI score of 47.6.

South Korea Industrial Production Dips 2.4% In August

Industrial output in South Korea was down 2.4 percent on month in August, Statistics Korea said on Friday.

UK Consumer Confidence Improves In September – GfK

Consumer confidence in the United Kingdom continued to rebound in September from the surprising referendum a few months earlier for the country to exit the European Union, according to GfK.

Market won’t play ball with BOJ’s new rate regime

Bond buyers are already testing the credibility of the Bank of Japan's new monetary policy framework, pushing 10-year yields below its zero percent target and giving the bank few palatable options to bring them back on track. After failing in its goal of achieving sustained inflation, the BOJ las...

Japan Industrial Production Jumps 1.5% In August

Industrial production in Japan advanced 1.56 percent on month in August, the Ministry of Economy, Trade and Industry said on Friday.

ANZ Business Outlook – Off to the Races

SUMMARY • Businesses are more upbeat with regard to the general economy, their own business, profitability and employment; a superfecta. • The “tote” signals a further acceleration in economic momentum, off an already respectable pace . • No change in the entry price: i...

Japan Household Spending Falls 4.6% In August

The average of household spending in Japan was down 4.6 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday - coming in at 276,338 yen.

BOJ Summary of Opinions

I. Opinions on Economic and Financial Developments Economic Developments • Japan's economy has continued its moderate recovery trend, but the year-on-year rate of change in the consumer price index (CPI) is on a declining trend as relatively weak developments have...

Japan Inflation -0.5% On Year In August

Overall consumer prices in Japan were down 0.5 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday.
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