Japanese trade data disappointed and fuel concerns about weakness in the global manufacturing sector. Export growth was the weakest in more than a year increasing 0.6% y/y in September down from 3.1% in August and agains…
Japanese trade data disappointed and fuel concerns about weakness in the global manufacturing sector.
Export growth was the weakest in more than a year increasing 0.6% y/y in September down from 3.1% in August and against consensus of an increase of 3.8% y/y. Import growth was also very weak declining 11.1% y/y, reflecting that there is weakness in Japanese domestic demand as well.
"The Bank of Japan is expected to add further stimulus at the 30 October meeting. Today's data confirm the view of sluggish GDP data in Q3, which should result in a substantial downward revision of Bank of Japan's growth and inflation forecast in the semi-annual outlook report for FY 16. The monetary easing is expected to be in the form of additional QE with an increase of its target for the annual monetary base expansion from JPY80trn to JPY100trn", says Danske Bank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
