The January Philly Fed Manufacturing index blew past estimates, soaring to 44.3 vs. a revised 10.9 points contraction in December. Most subcomponents rose for both the current and expected categories. Measures of prices paid and…
Our Commodities & Energy strategists published a special report outlining three themes they see in the space for 2025. The themes are the following: Sluggish global demand and weak industrial activity will likely weigh…
Can Singapore stocks continue the bull run into 2025? What does the city-state’s manufacturing and export outlook foretell? Is the Singapore dollar still competitive? See our analysis and investment recommendations in today’s…
The December US Producer Price Index came in cooler than expected, increasing 0.2% m/m, a deceleration from 0.4% in November. Core PPI, excluding food and energy, was flat after increasing 0.2% a month prior. Inflation is…
The December NFIB Small Business Optimism Index beat expectations, jumping to 105.1 from 101.7 in November. Most index subcomponents increased, led by measure of expectations, notably for the state of the economy and real sales.…
UK and German bonds are victims of the global bond market riots. Will European yields continue to move higher and will the euro and the pound find a floor anytime soon?
November factory orders in Germany widely missed estimates, falling by 5.4% m/m, worsening the 1.5% October decline. Excluding major orders, which often distort the overall picture, core new orders fell 1.7% y/y after growing 5.7% in…
December euro area inflation met expectations, with headline HICP printing at 2.4% y/y from 2.2% in November, and core steady at 2.7%, above the ECB’s target. Services inflation remains elevated at 4.0% y/y, up from 3.9% a month…
Job openings once again beat expectations in November, increasing to 8.1m from 7.8m in October. However, hires and quits decreased and layoffs increased. The gap between quits and layoffs, a leading indicator of labor market demand,…
The December ISM Services PMI beat estimates, increasing to 54.1 from 52.1 in November. All subcomponents increased except for employment, which nonetheless remains in expansion. The prices paid component was especially strong,…