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JP Morgan - Latest News [Page 10]
FX Daily Planet: Sydney/Asia Open
Wednesday, 3 March 2010, 9:38 am | JP Morgan
CAD is today’s key outperformer following the BOC meeting. There were no major surprises from the BoC, but several nuanced statements which indicate a gradual change in policy focus is taking place. In particular, the Bank removed indications that ... More >>
Discretionary spending surged in Australia
Tuesday, 2 March 2010, 3:13 pm | JP Morgan
Australian retail sales values unexpectedly spiked 1.2%m/m in January (J.P. Morgan: flat, consensus +0.5%), the second fastest monthly growth rate since March 2009, after falling 0.9% in December (revised down from -0.7%). The surge in spending came ... More >>
Australia: building approvals start 2010 poorly
Tuesday, 2 March 2010, 2:58 pm | JP Morgan
Residential building approvals plummeted 7%m/m in January (J.P. Morgan -2.0%, consensus 1.0%), having registered positive growth in each of the previous four months. Private sector building approvals for detached houses were up a very modest 0.3%m/m, while ... More >>
FX Daily Planet: Sydney/Asia Open
Tuesday, 2 March 2010, 9:26 am | JP Morgan
Stocks are grinding higher in afternoon trading and the USD is giving up some of its overnight gains against most majors as markets take a cup-half-full attitude towards mixed US data releases. Major US indices are higher by 0.75% to 1%. Commodity ... More >>
Company profits finally returned to growth in 4Q
Monday, 1 March 2010, 2:57 pm | JP Morgan
The 4Q business indicators told a somewhat mixed story today. The data showed a 2.2%q/q rise in company operating profits (JP. Morgan and consensus 3%), while inventories were stronger than we had expected, rising 0.2%q/q (J.P. Morgan -0.5%, consensus ... More >>
Australia: net exports subtract from GDP growth
Monday, 1 March 2010, 2:47 pm | JP Morgan
More of the missing pieces of Australia’s 4Q GDP jigsaw were released this morning, including the current account data. The CAD suggested that net exports will subtract more significantly from fourth quarter GDP growth, by 1.3%-points, barring any significant ... More >>
Uncertainty Merely Delaying RBA Hike
Monday, 1 March 2010, 11:52 am | JP Morgan
Assertive rate moves show RBA broke with convention of caution in 2008 and 2009; But this definitive approach to policy was temporary; Monetary policy increasingly will balance an uncertain near-term against bullish medium-term outlook More >>
Australia And New Zealand - Weekly Prospect
Monday, 1 March 2010, 11:27 am | JP Morgan
In a week jam-packed with Aussie data, including the 4Q GDP print, the highlight will be the RBA raffle, which is drawn Tuesday. Market pricing implies it is a coin toss; traders place the probability of a 25bp rise at 56%. Our forecast is that there ... More >>
Global Data Watch: Weather or not
Saturday, 27 February 2010, 3:28 pm | JP Morgan
Bad weather means weak data releases are coming in the US and Europe; With global retail sales rising and Asian indicators strong, we remain confident that the expansion is moving ahead; More >>
Corporate Hedging Recommendation: GBP Downside
Saturday, 27 February 2010, 1:45 pm | JP Morgan
GBP remains vulnerable in the medium term as de-leveraging in the public, household and banking sectors weighs on growth. A massive fiscal consolidation is necessary in the UK and we expect further declines in GBP as a result. More >>
The real impact of JPY/KRW
Saturday, 27 February 2010, 1:43 pm | JP Morgan
JPY/KRW receives considerable attention for three reasons: it is believed to influence relative equity performance, it is highly cyclical and it is fundamentally misaligned (KRW is cheap to JPY). More >>
FX Markets Weekly: Loose Wheels, Firm Dollar
Saturday, 27 February 2010, 1:40 pm | JP Morgan
Most global activity data give the impression that the wheels are coming off the global recovery. That view is too extreme, but the wheels are loose enough to extend USD strength into mid-March. Stay long USD vs most currencies but the yen, and stay ... More >>
FX Daily Planet: New York Open
Saturday, 27 February 2010, 1:38 pm | JP Morgan
Equities rose in Asia and Europe, helping to depress JPY after its recent run. But the main focus this morning was GBP, which continued to weaken across the board. Q4 GDP was revised a little higher than the market expected but rumors of a General ... More >>
FX Daily Planet: London Open
Saturday, 27 February 2010, 1:34 pm | JP Morgan
The Nikkei index traded firmly supported by much-stronger-than-consensus Japanese Jan. industrial production and retail sales. Many other Asian stock indices traded with a firm tone (+0.2-0.6%) as well. More >>
US: Don’t Blame Small Business For Jobless Growth
Saturday, 27 February 2010, 1:09 pm | JP Morgan
Focus on tight credit conditions facing small business as a drag on hiring is not supported by the data; The BED survey shows recent job cuts more concentrated in large firms. More >>
0.4% gain in Aussie credit aggregates unexpectedly
Friday, 26 February 2010, 2:23 pm | JP Morgan
Today’s credit aggregates showed an unexpectedly large 0.4%m/m gain (J.P. Morgan and consensus 0.2%) in the pool of credit outstanding in the economy. This comes after a 0.3% rise in December and monthly falls late last year. Housing credit again ... More >>
NZ trade surplus widened off weaker imports
Friday, 26 February 2010, 12:38 pm | JP Morgan
New Zealand’s trade surplus surprisingly widened in January, printing at NZ$269 million (J.P. Morgan and consensus -NZ$100 million) from NZ$2 million in the previous month. The improvement in the trade balance was driven by substantially weaker imports. More >>
Daily Economic Briefing: February 25, 2010
Friday, 26 February 2010, 11:11 am | JP Morgan
• Our February 12 weekly Global Data Watch highlighted the role that unseasonably bad weather in North America and Europe would play in 1Q activity. This effect will register in official activity data and surveys. Today’s US jobless claims figures ... More >>
FX Daily Planet: Sydney/Asia Open
Friday, 26 February 2010, 9:54 am | JP Morgan
Risk remarks are improving some in afternoon trading after retrenching further in the face of poor US economic data. High beta remains on the defensive for the most part with JPY outperforming across the board. The headlines out of Greece appear ... More >>
Q4 investment survey - boom poised to continue
Thursday, 25 February 2010, 3:46 pm | JP Morgan
Today’s Q4 investment survey delivered on expectations for further swelling of Australia’s already bulging investment pipeline. Not only did spending bounce in the December quarter, after a drop in the previous quarter, but firms upgraded their ... More >>
