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Japanese Equities Outlook: Does the Nikkei 225 Rally Have More Legs to Run?

June 21, 2023

Nikkei 225 has been the clear outrunner year-to-date, surging more than 30% to cross the 33,000 level for the first time since 1990. What’s ahead …

Central Banks

BOJ’s Adachi: If there is a global recession, will have to keep easy policy

June 21, 2023

A global recession would put big downward pressure on prices So, BOJ will have to keep easy policy in such an event If overseas growth …

Central Banks

European Central Bank’s Schnabel and Kazimir are speaking on Wednesday, 21

June 21, 2023

These are two ECB speakers I have, although I expect more will pop up unannounced. 0800 GMT / 0400 US Eastern time: ECB Governing Council …

Market Outlook

Asia Day Ahead: Downbeat Start to the Week; Chinese Equities Weigh

June 21, 2023

Major US indices kicked off the shortened trading week in the red, although the sharp paring of losses mid-day especially in the Nasdaq may still …

Central Banks

Federal Reserve Chair Powell testifies Wednesday, 21 June. Mester, Goolsbee speak also.

June 21, 2023

Powell will be questioned in the Senate today. I suspect the two focal points of questioning will be why a pause in June and what …

Central Banks

BOJ’s Adachi says inflation has risen faster than I expected

June 21, 2023

Seiji Adachi is Member of the Policy Board of the Bank of Japan. inflation has risen faster than I expected its too early to tweak …

Central Banks

Heads up for two BOJ speakers ahead: Adachi just minutes away, Gov Ueda later

June 21, 2023

Seiji Adachi is Member of the Policy Board of the Bank of Japan. Speaking at 0130 GMT, which is 2130 US Eastern time. Coming up …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.1795 (vs. estimate at 7.1802)

June 21, 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

PBOC is expected to set the USD/CNY reference rate at 7.1802 – Reuters estimate

June 21, 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

BOJ Minutes show belief that current monetary policy easing should be maintained (d’uh)

June 20, 2023

Bank of Japan April 2023 meeting Minutes Headlines via Reuters: A few members pointed out that past price increases in commodities and raw materials continued …

Central Banks

Chinese financial media cites analysts expecting further rate and RRR cuts this year

June 20, 2023

We’ve just seen rate cuts across 4 policy instruments from the People’s Bank of China. PBOC Loan Prime Rates (LPR) CUT: 1-year 3.55% (prior 3.65%) …