Our Blog

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 […]

Recent gains in China have been unwound overnight, with the latest Caixin services PMI tumbling into an eight-month low overnight. Coming off the back of Monday’s relief rally on fresh real estate support, and a debt extension for homebuilder Country Garden, we have seen the Hang Seng revert back to the pessimism tone that has […]

Equities throughout Asia and Europe look to be heading towards the weekend on an upbeat tone, with improved data out of China coupling with an expectation of weakening payrolls within this afternoon’s US jobs report. Amid all the recent talk of a burgeoning crisis in China, the overnight Caixin Manufacturing PMI saw Shanghai stocks post […]