Subject


Macroeconomics


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2024-10-21

[News] Key Focus This Week: China LPR & Canada Monetary Policy on Rate Cut

Last week, following TSMC's release of better-than-expected third-quarter earnings, the U.S. S&P 500 index hit a new record high. In the bond market, U.S. Treasury yields remained largely unchanged, with the 10-year minus 2-year yield spread holding at 13 bps. Meanwhile, the U.S. dollar index co...

2024-10-18

[News] China’s Retail and Production Shows Early Signs of Recovery Despite Lukewarm GDP Growth

China’s monthly economic data in September showed signs of improvement, according to China’s National Bureau of Statistics on October 18. In terms of consumption, retail sales grew by 3.2% year-over-year in September, up by 1.1 percentage points from the previous month and exceeding market e...

2024-10-18

[News] U.S. Retail Sales Stay Strong in September, Fueled by Higher-Income Households

According to data released by the U.S. Census Bureau on October 17, U.S. retail sales remained strong in September. Retail sales increased by 0.4% month-over-month, exceeding both the previous month’s 0.1% growth and the market expectation of 0.3%. Breaking down the details, 10 out of 13 major ...

2024-10-17

[News] UK Inflation Falls Within Target Range in September, Fuels Market Expectations for Rate Cuts

UK CPI fell within the target range in September, according to data released by the UK Office for National Statistics on October 16. The CPI increased by 1.7% year-over-year in September, down from 2.2% in the previous month and below the market expectation of 1.9%, marking the lowest level since Ap...

2024-10-16

[News] Nearly 80% of Japan’s Industrial Sectors Output Declines, Threatening to Weigh on Q3 Economic Growth

Japan’s industrial production declined in August, according to data released by Japan's Ministry of Economy, Trade and Industry (METI) on October 15. Industrial production in August fell by 4.9% year-over-year, a 6% drop compared to the previous month. On a month-over-month basis, industrial pr...

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