UK March Nationwide house prices +0.9% vs -0.1% m/m expected
Prior +0.3% UK house prices unexpectedly rose in March, with the jump being quite a big one at that. The monthly increase in house prices is the most since December 2024. Typically,…
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German import prices move up slightly in February, just before the US-Iran war impact
German import prices for the month of February showed a 0.3% increase compared to the previous month. But when benchmarked against the same month a year ago, import prices were seen down…
UK Q4 final GDP +0.1% vs +0.1% q/q prelim
Prior +0.1% GDP +% vs +1.0% y/y prelim Prior +1.2% More to come.. This article was written by Justin Low at investinglive.com.
Risk sentiment on the up but is it another false dawn?
The big news as we get into the new day is this one here: Trump open to ending Iran war without reopening Strait of Hormuz – WSJ The report says that the…
investingLive Asia-Pacific FX news: Trump open to ending war without Hormuz opening (WSJ)
Global stocks see biggest selling in a year. Hedge funds ramp shorts (Goldman Sachs data) China factory activity hits 1-year high as PMIs return to expansion China March official PMIs: Manufacturing 50.4…
China factory activity hits 1-year high as PMIs return to expansion
China’s manufacturing PMI rose to 50.4 in March, a one-year high, with all PMIs returning to expansion, though rising input costs and Middle East war risks threaten the durability of the recovery.…
China March official PMIs: Manufacturing 50.4 (exp 50) Non-manufacturing 50.1 (exp 49.9)
Just the data. China March official PMIs all retrun to expansion: Manufacturing 50.4 expected 50, prior 49.0 Non-manufacturing 50.1 expected 49.9, prior 49.5 Composite 50.5 expected 50.2, prior 49.5 I’ll have more…
Australia to scrap junior pay rates for 18–20-year-olds in major wage shift
Summary: Fair Work Commission to abolish junior pay rates for 18–20-year-olds Around 500,000 workers set to benefit across retail, fast food and pharmacies Pay increases to be phased in over up to…
NZ business confidence and activity collapse. Inflation pressures remain elevated.
Summary: ANZ Business Confidence (Mar): 32.5 (prev. 59.2) ANZ Activity Outlook (Mar): 39.3 (prev. 52.6) ANZ Business Outlook shows weak business confidence persists Inflation indicators remain elevated despite softer activity signals Pricing…
Japan February retail sales drop below expected and prior, industrial output soft also
We had CPI data earlier: Japan Tokyo Core CPI 1.7% y/y , below expected and prior both 1.8% Now retail and industry: I’ll have more to come on this separately This article…
Japan Tokyo Core CPI 1.7% y/y , below expected and prior both 1.8%
I’ll have more to come on this separately. In brief, less pressure on the BoJ to hike with these numbers: Tokyo area March core CPI rises at slowest pace since April 2024…
Pete Hegseth’s broker looked to buy defence fund before Iran attack – FT
Summary: FT reports (gated) broker for US Defence Secretary Hegseth explored defence ETF investment pre-Iran strike Morgan Stanley approached BlackRock over multimillion-dollar allocation Target fund focused on defence contractors benefiting from rising…