View:
April 23, 2024 5:36 PM UTC
We expect April’s ISM services index to see a modest increase to 52.0 from 51.6, pausing after two straight declines, leaving the index with no clear trend, and continuing to imply modest expansion.
April 23, 2024 2:16 PM UTC
March new home sales at 693k are stronger than expected, up 8.8% from a downwardly revised February to their highest level since September, though still moving in quite a narrow range with Q2 sales vulnerable to higher mortgage rates.
April 23, 2024 11:55 AM UTC
We expect March durable goods orders to rise by 2.5%, with most of the gain coming from transport, aircraft in particular, but we expect a 0.5% increase ex transport to show some hints of underlying improvement.
April 23, 2024 11:12 AM UTC
With inflation within target range and the need to defend the currency amid global uncertainties and US dollar strength, Bank Indonesia (BI) is likely to extend its pause on rate adjustments in the upcoming monetary policy meeting on April 24. BI remains committed to stabilising the Indonesian rupia
April 23, 2024 9:43 AM UTC
Very much having affected ECB thinking, there has been repeated positive EZ news in the form of falling EZ HICP inflation and somewhat broadly so. This continued in the March HICP numbers, with the 0.2 ppt drops in both headline and core being a notch more sizeable than most anticipated. Regardless,
April 23, 2024 9:08 AM UTC
European currencies firme rafter better PMIs...
...but little scope for further gains unless US data is surprisingly weak
GBP may rise further unless chief economist Pill sounds dovish
USD/JPY still playing grandmother’s footsteps with the BoJ