Growth in U.S. personal consumption expenditures (PCE) in October slowed from the previous month as inflation continued to slow. This suggests that the economy is shifting to a lower gear. Key Point PCE core price index rose 0.2% month on month Market expectations also rose by 0.2% Increased by 0.3% in the previous month 3.5% … Read more
The U.S. bond market has had little to no success this year, but November has taken a turn for the record. U.S. debt returns this month were the highest since the 1980s, as investors bid up prices for U.S. Treasuries, agency bonds and mortgage-backed securities (MBS). It ignited strong market gains in everything from stocks … Read more
The summer consumption boom came to a halt in October, and inflationary pressures eased. This suggests that the economy may gradually stabilize as expected by the US financial authorities. US retail sales in October decreased by 0.1% from the previous month. Figures for August and September have been revised upward. The US Producer Price Index … Read more
The U.S. consumer price index (CPI) generally slowed in October, a positive sign for the U.S. Federal Reserve as it seeks to rein in inflationary pressures. Market participants’ views on the October US CPI are as follows. â—ŽBryce Doty, Senior Portfolio Manager at Sitt Investment Associates: The reason why U.S. bond yields have fallen significantly … Read more
Industrial and Commercial Bank of China (ICBC), one of the world’s largest banks in terms of assets, was hit by a cyber attack by ransomware, a computer virus that demanded ransoms, and was unable to carry out clearing operations for a wide range of transactions. This forced customers to change their trading routes, and traders … Read more
Berkshire Hathaway, the investment and insurance company led by famous American investor Warren Buffett, announced on the 4th that its cash on hand has reached a record high of $157.2 billion (approximately 23 trillion yen). In addition to rising interest rates, the lack of meaningful deals for Buffett to put his money into has contributed … Read more
The extremely strong performance of U.S. stocks over the past decade is unlikely to be repeated over the next decade, said Peter Oppenheimer, chief global equity strategist at Goldman Sachs Group. Oppenheimer said in a note that the strong stock performance partly reflects America’s leadership in technology and the market dominance of a handful of … Read more
The Israeli military is increasing its ground operations in Gaza, a military spokesperson said. Internet and phone connections have been lost in Gaza, and Israel has stepped up airstrikes. Qatari satellite television station Al Jazeera reported that Qatar-mediated negotiations between Israel and Hamas to reach a ceasefire agreement and hostage exchange deal are progressing “rapidly.” … Read more
In the US bond market on the 23rd, the yield on the 10-year Treasury note briefly exceeded 5%, reaching its highest level in 16 years. This is a level that was hardly expected during the long period of ultra-low interest rates that followed the financial crisis. Yields have since fallen sharply, likely as investors exit … Read more
Traders in the world’s financial markets are bracing themselves for volatile market fluctuations. Continuing conflict in the Middle East has increased demand for haven assets and forced investors to rethink the outlook for global interest rates. In the foreign exchange market, attention will likely be focused on movements in the US dollar, Japanese yen, and … Read more