938 days ago
China producer prices are surging - inflation still transitory?
Producer prices in China rose 9.5% in August from a year earlier, the National Bureau of Statistics said Thursday, mainly driven by higher commodity prices.
944 days ago
US Job growth likely slowed in August
As the labor market continues to improve, the US economy is expected to add 750K jobs this month. Even so, it would be the slowest job increase in three months, with employment approximately 5 million jobs below than it was in February 2020. Although job increases in leisure and hospitality are predicted to slow due to lower demand for travel and leisure activities as the coronavirus delta variant spreads, school-related hiring is expected to have the greatest impact. The NFP report will be closely watched by investors in order to determine the outlook for tapering. Source: TradingEconomics
945 days ago
Powell's push to delink hikes from tapering will be put to the test in the bond market
Bond investors may not wait long to oppose Federal Reserve Chair Jerome Powell's efforts to separate the beginning of asset-purchase reduction from the countdown to potential policy-rate hikes. Since Powell stated last week that the central bank could start cutting its monthly bond purchases this year, traders have been predicting the Fed's exit from zero interest rates in early 2023, and Treasury yields have barely moved. @Bloomberg
946 days ago
A look into major indices performance year to date
Another month of gains for most asset classes (not gold) adds to an already strong year for most investors' portfolios. In the process, and bolstered by continued massive liquidity injections, markets overcame concerns about the Delta Variant, a slowing global recovery, and louder taper talk. Source: Mohamed El-Erian
947 days ago
France Inflation rate highest since 2018
France's annual inflation rate increased to 1.9% 2021, up from 1.2% in July, and was higher than market expectations of 1.7%. It's the highest rate since November 2018, according to preliminary data, owing to a rebound in the cost of manufactured goods (1.3% vs. 0.9% in July) and the conclusion of summer sales. Food costs (1.2% vs 0.9%), energy (12.7% vs. 12.3%), and services (0.7% vs. 0.6%) all climbed faster, but tobacco prices (5.1%) were unchanged from July. The monthly inflation rose to 0.6% in August, up from 0.1% in July. Source: TradingEconomics
