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Asian markets enjoyed a strong end to the week, with a second Chinese rate cut in as many days coming via a 0.2% reduction in the 14-day reverse repo that took it to 1.95%. Coming off the back of a 25-basis point cut to the RRR on Thursday, it is clear that the PBoC are […]

Asian markets experienced another mixed session overnight, with China-linked indices underperforming after EU Commission launched an anti-subsidy investigation into Chinese electric vehicles. With the German car industry losing ground against their Chinese rivals, any protective measures taken by the EU Commission could risk a fresh trade spat between Europe and China. European markets are in […]

The Japanese yen continued its recent volatile pathway, with comments from BoJ Governo Ueda sending the currency sharply higher on the prospect of tighter monetary policy to come. The discussion over an end to negative rates in the event of an inflation and growth overshoot does raise the possibility of an eventual exit from the […]

The Japanese Yen has come under renewed pressure this morning, as markets digested data that dampened expectations around both consumer and corporate spending prospects. A surprise downward revision to second-quarter GDP saw growth of 1.2% (from 1.5%), primarily driven by a 1% decline in capital expenditure. Meanwhile, a underwhelming 1.3% cash earnings figure for July […]

Sentiment throughout Asia and Europe has taken on a pessimistic tone, feeding through from the US. Overnight trade data saw both Chinese and Australian surpluses decline, with both nations seeing their balance shift in favour of imports. However, we are seeing some signs of improvement, with year-on-year Chinese exports in particular shifting from -14.5% to […]

European markets are in the red in early trade today, with concerns around rising inflationary pressures and the potential impending economic squeeze hurting sentiment. This morning has seen German factory orders collapse into a three-year low, falling by 11.7% in July alone. That represents the worst month for German manufacturing demand since the height of […]