Page 7 - Wayne Cole News Today

A look at the day ahead in European and global markets from Wayne Cole. Its been a slow start to what will be a holiday-shortened week for many centres, though that wont... -March 25, 2024 at 01:30 am EDT - MarketScreener

The Australian and New Zealand dollars crept higher on Thursday as a key commodity index jumped to four-month peaks and provided support amid a dearth of major domestic economic data. ...

The yen edged higher as data released on Monday showed Japan was not, in fact, in recession after economic growth was revised up to an annualised 0.4% for the December quarter. Reuters reported a growing number of Bank of Japan policymakers are warming to the idea of ending negative rates this month on expectations of hefty pay hikes in this year's annual wage negotiations. Core inflation is seen rising 0.3%, which will nudge the annual pace down to the lowest since early 2021 at 3.7%.

Revisions now put economic growth at +0.1% q/q in the fourth quarter, instead of -0.1%, so nullifying all the media lamentation about Japan's contraction. When it comes to about $4 trillion of annual GDP such a small revision is just statistical noise, but it fit the narrative of stabilisation that is encouraging the Bank of Japan to contemplate the end of negative interest rates. Four sources tell Reuters a growing number of policymakers are warming to the idea of normalising rates this ...

A look at the day ahead in European and global markets from Wayne Cole. So Japan isnt in recession after all. Revisions now put economic growth at +0.1% q/q in the fourth quarter,... -March 11, 2024 at 01:30 am EDT - MarketScreener

Asian share markets sputtered on Monday while the dollar looked vulnerable ahead of a reading on U.S. inflation that could hasten, or delay, the start of global rate cuts. The yen edged...

SYDNEY (Reuters) - Interest rates in New Zealand need to stay restrictive for some time to ensure inflation expectations become fully anchored again, a top central banker said on Friday, while emphasising they were not in a "mindset" to consider cu...

The Australian and New Zealand dollars were ending the week in the red on Friday as the outlook for interest rates at home shifted against them, while mixed data from China offered limited support. ... -March 29, 2024 at 08:51 pm EST - MarketScreener

The New Zealand dollar nursed losses on Thursday as markets priced out almost any chance of further rate hikes at home, while its Australian cousin drew little inspiration from mixed economic data. ...

Australian business investment rose to a fresh eight-year high in the December quarter thanks to further growth in the mining sector, while plans for future spending were upgraded in a boost for...