Market Watch (January 13)
“Last week, a batch of blockbuster U.S. economic data prompted traders to consider the possibility that the Federal Reserve may need to pause interest-rate cuts until summer. As a result, stocks got crushed, with the S&P 500 erasing most of its postelection gains and the Dow Jones Industrial Average posting its worst start to a year since 2016.”
Tags: 2016, Blockbuster, Crushed, Dow Jones, Economic data, Fed, Gains, Interest rate cuts, Postelection, S&P 500, Stocks, Summer, Traders, U.S.
Reuters (November 1)
“The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve interest rate cuts” according to a recent Reuters poll.”
Tags: Coming months, Cuts, Dollar, Economic data, Fed, Interest rate, Poll, Recent strength, Reuters, Robust, Scaling back, U.S.
Fortune (October 22)
“The staggering one-two punch of hurricanes Helene and Milton has been one of the most destructive on record” and Goldman Sachs has pointed out this is “obscuring the view of the U.S. economy.” Combined damages are estimated at $90 billion, with nearly 10% of the population impacted. “Economic data that corresponds to October will be most skewed by the disasters…, potentially masking the precise state of market conditions and ongoing trends.”
Tags: $90 billion, Damages, Destructive, Economic data, Goldman Sachs, Helene, Hurricanes, Impacted, Milton, Obscuring, Skewed, Staggering, Trends, U.S. economy
The Guardian (August 21)
“A spate of recent statistics shows that the Chinese economy is faring poorly,” but the most worrying stat “is the one that we can’t see. The youth unemployment rate was suspended from the monthly economic data release, having reached a record 21.3% in June – suggesting not only that July was grimmer, but that improvement is not expected soon.”
Tags: 21.3%, China, Economic data, Economy, Grimmer, July, June, Record, Spate, Statistics, Suspended, Worrying, Youth unemployment rate
Investment Week (May 10)
“The Bank of England is widely expected to make a 25 basis points hike tomorrow (11 May) as inflation remains stickily in the double digits, despite record rises in interest rates over the past two years. The move would come in the wake of similar decisions from the Federal Reserve and European Central Bank last week.” Looking ahead, a rate cut seems more likely from the Fed, with analysts “split on the path forward for the BoE following the presumed 25bps hike, with much depending on economic data released over the next few months.”
Tags: 25 basis points, Analysts, BOE, ECB, Economic data, Fed, Hike, Inflation, Interest rates, Rate cut, Split
Financial Times (July 2)
“The readings on the Tankan, widely regarded as Japan’s most reliable economic data series, suggest Asia’s only G7 economy is well-positioned for growth in the second half of the year.”
Tags: Asia, Economic data, Economy, G7, Growth, Japan, Reliable, Series, Tankan, Well-positioned
Wall Street Journal (October 3)
“Investors propelled bond yields to multiyear highs Wednesday as robust economic data and an easing of trade tensions across North America sparked fresh optimism about the global growth outlook. Wednesday’s bond rout sent the yield on the 10-year U.S. Treasury note, a closely watched barometer of investors’ sentiment toward growth and inflation, to its highest level since July 2011.”
Tags: Bonds, Economic data, Growth, Highs, Inflation, Investors, Optimism, Sentiment, Trade tensions, Treasuries, U.S., Yields
Bloomberg (October 31)
“Of all of the scary economic data that routinely streams out of Japan, this statistic should terrify you: $800 million.” The “staggeringly small figure” is the total value of completed venture capital deals for Japan in 2015. Representing Japan’s risk-adverse culture, $800 million “explains a great deal about why the world’s third-largest economy continues to struggle, no matter how much cash the central bank pours into it. Too few Japanese are starting new companies.” In comparison, 2015 venture deals totaled “$72 billion in the U.S. and $49 billion in China. Even tiny Israel managed $2.6 billion in deals.”
Tags: Central bank, China, Deals, Economic data, Israel, Japan, Risk adverse, Statistics, U.S., Venture-capital
Wall Street Journal (October 19)
“China’s economic data are so consistent they’re hard to believe.” China’s 6.7% third-quarter growth was “perfectly in line with official targets and precisely as claimed in quarters one and two, a feat of consistency never before achieved. This is a reminder that China’s statistics remain fundamentally political.”
Tags: China, Consistent, Economic data, Growth, Political, Statistics, Targets
