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Tuesday, August 13, 2024

Asia Market Movers: Goldman Sachs sees July US core CPI slightly below estimates

Goldman Sachs sees July US core CPI slightly below estimates

The US CPI report is due out on Wednesday and it should add to the case that price pressures are no longer a market preoccupation. Goldman Sachs is out with its estimate of core CPI, which they peg at... 

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Morgan Stanley: Retaining our call for a BOJ hike in January

BoJ Morgan Stanley reaffirms its forecast for the Bank of Japan (BoJ) to hike rates in January 2025, aligning with their broader strategy that includes expectations for Federal Reserve rate cuts. They... 

Japan parliament to hold a special session to discuss Bank of Japan rate hike

The Japanese Lower House will hold a special session and likely ask BOJ Governor Ueda to attend, according to sources cited by Reuters. No doubt he will be grilled on the unexpected 15 bps hike and th... 

July Australia NAB business conditions +6 vs +4 prior

Prior was +4 Business confidence +1 vs +4 prior NAB business conditions... 

Australia Q2 wage price index +0.8% vs +0.9% expected

Australia wage price index yy Prior was +0.8% Wage price index y/y +4.1% vs +4.0% expected Prior was +4.1% y/y The numbers are a tad cooler than expected, which should continue to tilt the market towa... 

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MIxed open for the major indices. Dow down. S&P marginally higher. Nasdaq up.

The major US stock indices are opening today mixed. The Dow Industrial Average versus lower. The S&P index is marginally higher while the NASDAQ index is a little better than marginally higher. A... 

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