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JP Morgan - Latest News [Page 4]
Aussie terms of trade rose in 1Q, but best to come
Friday, 23 April 2010, 4:16 pm | JP Morgan
Australian export prices jumped 3.8%q/q in 1Q10, and import prices were essentially flat, pushing the terms of trade 3.5% higher over the quarter. The base effects from the mid-crisis plummet in commodity prices, which have been depressing annual growth ... More >>
Daily Economic Briefing: April 22, 2010
Friday, 23 April 2010, 12:20 pm | JP Morgan
Our core view since early 2009 has been that the structural drags emanating from household and corporate sector deleveraging and rising sovereign credit concerns will be more than offset by the powerful cyclical forces springing from a sharp behavioral ... More >>
FX Daily Planet: London Open
Thursday, 22 April 2010, 5:25 pm | JP Morgan
The earnings from the US corpotates, which were released after trading hours in the US, were generally strong. However, these results failed to support equity markets; S&P 500 futures fell 0.3% and Asian equity indices broadly declined with the Nikkei ... More >>
FX Daily Planet: London Open
Thursday, 22 April 2010, 9:24 am | JP Morgan
Although Asian equity markets continued to rally, G-10 currencies stayed in tight ranges. CAD, which was a star performer on Tuesday, continued to strengthen while SEK and EUR underperformed the most. But the extent of these moves was quite small ... More >>
FX Daily Planet: Sydney/Asia Open
Wednesday, 21 April 2010, 10:57 am | JP Morgan
CAD is sharply higher today following hawkish commentary from the Bank of Canada accompanying the rate decision which held overnight rates unchanged at 0.25%. Specifically, the BoC removed the conditional commitment to keep rates steady through end of 2010:Q2. ... More >>
Daily Economic Briefing: April 20, 2010
Wednesday, 21 April 2010, 10:49 am | JP Morgan
In yesterday’s DEB, we noted that while just about every country we track (and reports unemployment and core inflation) has seen a rise in their unemployment rate and a fall in their core inflation rate, these responses have varied considerably. ... More >>
RBA Board Minutes Point To Trade Boom
Tuesday, 20 April 2010, 3:16 pm | JP Morgan
The Reserve Bank today released minutes from the early April Board meeting, during which Board members elected to deliver a second straight monthly rate hike. More >>
NZ CPI Steady At Midpoint Of RBNZ's Target in 1Q
Tuesday, 20 April 2010, 1:15 pm | JP Morgan
Inflation in New Zealand spiked up in 1Q, owing to higher food costs and a rise in petrol prices, but not quite as much as expected. Consumer prices grew 0.4%q/q (J.P. Morgan and consensus: 0.6%), after falling 0.2% in the previous three months. More >>
Daily Economic Briefing: April 19, 2010
Tuesday, 20 April 2010, 10:44 am | JP Morgan
The global data flow remains solid with upside surprises tending to occur in the US and Asia. We have begun to raise growth forecasts for the first time in about six months. Most of the changes have occurred in Asia. Growth has been running faster ... More >>
FX Daily Planet: London Open
Monday, 19 April 2010, 5:59 pm | JP Morgan
Asian equity markets broadly declined following last Friday’s sharp decline in the US stock market led by financials on the news of fraud charges against a major US financial institution JPY appreciated against the majors amid a 1.6% decline in ... More >>
RBNZ To Tweak Rhetoric In April Policy Statement
Monday, 19 April 2010, 1:41 pm | JP Morgan
RBNZ will change official guidance on April 29, but should leave cash rate steady; Rhetoric change needed given that RBNZ now is less likely to lift rates in June; First OCR hike should be delivered in July, but we now expect a 25bp move. More >>
Australia and New Zealand - Weekly Prospects
Monday, 19 April 2010, 11:57 am | JP Morgan
The week ahead in Australia is quiet for economic data, but includes two important events for the policy outlook. First, on Tuesday, the RBA releases minutes from the April 6 Board meeting. Key areas of interest will be any discussion of “buoyant” ... More >>
Global Data Watch: It’s In The Legs
Saturday, 17 April 2010, 12:52 pm | JP Morgan
Final sales took off last quarter, led by a surge in capital spending; With demand growing rapidly inventory restocking cycle remains in infancy; Policy responses mostly cautious in booming EM Asia. More >>
FX Markets Weekly: Impact Of Fiscal Tightening
Saturday, 17 April 2010, 11:47 am | JP Morgan
Whether Greece borrows from the EU/IMF or pursues debt restructuring, it will still need to undertake one of the greatest deficit reductions in OECD history. Major fiscal tightenings typically are currency-bearish, by an average of 5% real trade weighted. More >>
FX Daily Planet: New York Open
Saturday, 17 April 2010, 11:15 am | JP Morgan
There has been a distinct lack of trend in the FX markets during the session as the major pairs hog the recent ranges. EUR/USD price action has been choppy to say the least, rising to over 1.3560 and subsequently coming back under renewed pressure ... More >>
Greece Takes Key Step Foward
Saturday, 17 April 2010, 10:33 am | JP Morgan
The agreement last weekend of some key details of the Greek support mechanism has failed to calm market sentiment in the way that many politicians and policymakers had hoped. More >>
FX Daily Planet: London Open
Saturday, 17 April 2010, 10:10 am | JP Morgan
Lingering uncertainties surrounding the Greek issue has hurt investor’s risk appetites in the Friday Asian session, though there was no major news from Asian countries. Asian equities broadly declined with the Nikkei underperformance (-1.5%). More >>
House prices in New Zealand rose unexpectedly
Friday, 16 April 2010, 11:57 am | JP Morgan
According to the REINZ this morning, the median house price in New Zealand rose 3.0%m/m to NZ$360,500 in March from NZ$360,000 in February. The stratified median house price was 1.7% higher over the month. More >>
FX Daily Planet: Sydney/Asia Open
Friday, 16 April 2010, 9:56 am | JP Morgan
Equities traded sideways today, managing to hold within fairly narrow ranges despite mixed economic news. The EUR remains subject to broad weakness as Greek 10yr bond yield spreads over Germany widen back to the highs seen last week. There have been ... More >>
FX Daily Planet: London Open
Thursday, 15 April 2010, 5:25 pm | JP Morgan
A series of Chinese economic figures released today did not surprise the market much. Although 1Q GDP was stronger than consensus at +11.9% (cons. +11.7%), it was exactly similar to the figure leaked through the overnight session. March industrial production, ... More >>
