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☆ Morning Bid: Japan CPI to light up dulled Thanksgiving trade
▼ + stars: | 2023-11-23 | by ( Denny Thomas | ) www.reuters.com time to read: +3 min

Tom Turkey float rides during the 97th Macy's Thanksgiving Day Parade in Manhattan, New York City, U.S., November 23, 2023. With Wall Street shut for Thanksgiving on Thursday, Asian investors will miss the usual swing factor. Instead, Friday's release of Japan's core inflation data for October will set the tone for trading in the region. Japan's core consumer inflation likely accelerated again in October, staying above the central bank's 2% price target for a 19th straight month, according to a Reuters poll. But some of the inflation-easing trade is already priced into the market, reflected in the near 11% rally in the MSCI world index (.WORLD) in the past 18 trading days.

Persons: Tom Turkey, Brendan McDermid, Denny Thomas, Josie Kao Organizations: REUTERS, Rights TORONTO, Bank of, Beijing, European Central Bank, Stocks, Malaysia CPI, Thomson, Reuters Locations: Manhattan , New York City, U.S, Japan, China, Europe, Singapore, New Zealand, Thailand, Taiwan

☆ Morning Bid: Another round of rate hikes, macro data on tap
▼ + stars: | 2023-06-22 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +2 min

Asian markets will be waking up to a jolt of central bank rate hikes and looking ahead to a big round of macro data on Friday. The Bank of England surprised many investors on Thursday by raising interest rates by a bigger-than-expected half a percentage point, lifting its main interest rate to 5%, the highest since 2008. England wasn't alone: The Swiss National Bank raised its policy rate and signaled more tightening was likely, while Norway's central bank raised its key policy rate to a 15-year high. In the U.S., Federal Reserve Chair Jerome Powell told a Congressional hearing that the central bank would move interest rates at a "careful pace" from here after pausing hikes at its last meeting. The mood could shift on Friday, as data will give a glimpse into how much central bank tightening is weighing on global growth.

Persons: Lewis Krauskopf, England wasn't, Jerome Powell, Deepa Babington Organizations: Bank of England, Swiss National Bank, Reuters Graphics Reuters, Nasdaq, U.S, Global, Japan CPI, Singapore CPI, Reuters, Thomson Locations: Lewis, U.S, England, Europe, United States, Japan, Malaysia, Singapore

Japan takes center stage on Friday, with the April consumer price inflation report grabbing the data spotlight and the Group of Seven leaders summit in Hiroshima stealing the global political and economic limelight. The broad Topix index hit that milestone this week, and the Nikkei 225 index came within 0.5% of reaching it on Thursday. As Phil Suttle, a former World Bank economist, wrote on Thursday: "Japan is back!" G7 leaders begin a three-day summit in Hiroshima on Friday, with world market attention focused most on what they say about China. Here are three key developments that could provide more direction to markets on Friday:- Japan CPI inflation (April)- G7 leaders summit (Japan)- Fed Chair Jerome Powell speaksBy Jamie McGeever; editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

March 24 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. It might not be on a par with Powell's assurances - bank stocks still fell - but perhaps sentiment will improve on Friday. But many economists say broader price pressures remain strong throughout the economy, which could force the Bank of Japan to phase out or scrap its yield curve control policy soon. Here are three key developments that could provide more direction to markets on Friday:- Japan consumer price inflation (February)- Japan flash PMIs (March)- Australia flash PMIs (March)By Jamie McGeever;Our Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Inflation may be picking up in Japan but that's in large part due to the yen's weakness this year. chartJapan's economic surprises index is still negative, having rolled over this month. Others, like the China and emerging market indexes, have fallen off a cliff in recent days and are deeply negative. China's economic surprises index is hovering around its lowest level since June, and the emerging market index this week hit its lowest and most negative level in over a year. With the U.S. economic surprises index now in negative territory and the lowest since September, growth fears are mounting and risk assets are feeling the heat.

☆ Investors have very little to be thankful for in 2022
▼ + stars: | 2022-11-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

Oil stocks have been huge winners this year, thanks to the spike in crude prices…which boosted sales and profits. For now, at least, energy investors are reaping the rewards. And there are also opportunities for investors looking for a little more risk…and potential reward. Finally, investors who’ve bet against the stock market also can give thanks for this year’s volatility. PC giants Dell (DELL) and HP (HPQ) also report results this week.

☆ Japan's inflation hits 40-year high as weak yen fans import costs
▼ + stars: | 2022-11-17 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

It also confirmed CPI growth remained above the Bank of Japan's (BOJ) 2% inflation goal for a seventh straight month. A slight rebound by the weak yen and planned government support for consumers to pay for higher energy bills would also rein in prices. "I expect inflation to peak by year-end and the rise in prices to start diminishing in the new year," Minami said. Kuroda has argued that global commodity costs account for half of the magnitude of price rises and that cost-push inflation will not last long. In a sign subcontractors are struggling with wholesale price pressures, the corporate goods price index jumped 9.1% in the year to October.

☆ Morning Bid: Not so calm before the storm
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterU.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. Register now for FREE unlimited access to Reuters.com RegisterThe yield on the U.S. benchmark 10-year note hit its highest level since 2011, touching 3.518% although it then pulled back. A rate hike of 75 basis points is expected, with markets pricing in roughly one-in-five odds of a full percentage point hike. In a Reuters poll, 75% of market participants predicted no change to either the one-year loan prime rate or the five-year. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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