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BlackRock has named the Saudi Aramco CEO to its board

July 18, 2023

Reuters has the info of the appointment of Amin Nasser, the chief of the world’s largest oil company Saudi Aramco to the board of the …

Central Banks

ICYMI – RBA Gov. Lowe said lifting productivity growth a greater challenge than inflation

July 18, 2023

Reserve Bank of Australia Governor Lowe spoke at the G20 finance meeting in India, alongside Australian Treasurer Chalmers. On inflation and productivity: The reality that …

Central Banks

Australian Treasurer Chalmers says it remains to be seen if more rate hikes are needed

July 18, 2023

Australian Treasurer Chalmers remarks: remains to be seen if more rate hikes are needed inflation is moderating but is still a major concern China’s economic …

Central Banks

Moodys: For Japanese banks, a rise in interest rates would bring more benefits than risks

July 18, 2023

Analysts at Moody’s rating agency say that for Japanese banks, a rise in interest rates would bring more benefits than risks higher interest rates would …

Market Outlook

Sentiment Awaiting Cues from Key US Earnings Releases Ahead: Brent crude, AUD/JPY, Natural Gas

July 18, 2023

Wall Street started the new trading week on a positive footing, as risk appetite rose ahead of several key earnings releases this week. Source

Central Banks

Canadian June CPI data due today – is it just a placeholder?

July 18, 2023

The June inflation data from Canada follows only days after the latest move from the Bank of Canada: Bank of Canada raises rates by 25 …

Central Banks

RBA July meeting minutes – says there was a strong case for raising the cash rate

July 18, 2023

Reserve Bank of Australia Board considered holding rates steady or hiking by 25 bps Strong case for both, but board judged arguments for holding steady …

Central Banks

PBOC sets USD/ CNY central rate at 7.1453 (vs. estimate at 7.1704)

July 18, 2023

People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade …

Central Banks

US June retail sales data expected to rise – is anyone even aware that the Fed is hiking?

July 18, 2023

US June 2023 retail sales data is due on 18 July 2023: This snapshot from the ForexLive economic data calendar, access it here. The times …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1704 – Reuters estimate

July 18, 2023

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …

Central Banks

Morgan Stanley expect US Treasury yields to head lower – stubborn Fed the biggest hurdle

July 17, 2023

Via a recent Morgan Stanley note on USTs, see yield being sent lower by an eventual Federal Reserve pivot, initially in rhetoric:: We maintain a …