Scoop has an Ethical Paywall
Scoop InfoPages
This InfoPage in unregistered, if this is your news page register JP Morgan for InfoPages here.
JP Morgan - Latest News [Page 5]
Aussie Consumers Remain Upbeat, But Not For Long
Wednesday, 14 April 2010, 1:45 pm | JP Morgan
Consumer confidence in Australia, as measured by the Westpac-Melbourne Institute (WMI), fell in April as expected, but only modestly. The confidence index fell just 1.0% to 116.1, remaining elevated near a three year high and indicating that optimists ... More >>
Core Retail Sales Trend Heading South In NZ
Wednesday, 14 April 2010, 12:04 pm | JP Morgan
Retail sales in New Zealand tumbled in February, bucking expectations for a modest rise. Retail sales fell 0.6%m/m (J.P. Morgan: 0.3%, consensus: 0.2%), after spiking 0.8% in January. Six of the 24 retail industries recorded falls of Over NZ$5 mil. More >>
Daily Economic Briefing: April 13, 2010
Wednesday, 14 April 2010, 10:23 am | JP Morgan
The US trade deficit widened to $39.7 billion in February from $37.0 billion in January. Exports in February increased a modest 0.2%, restrained by declines in the volatile aircraft category as well as in agricultural exports which were held down by weaker ... More >>
Daily Economic Briefing: April 12, 2010
Tuesday, 13 April 2010, 10:15 am | JP Morgan
• Euro area finance ministers agreed on an initial support package for Greece totaling €30 billion at a below-market rate that would have been about 5% as of Friday. These funds would give Greece an opportunity to achieve debt sustainability away ... More >>
FX Daily Planet: London Open
Monday, 12 April 2010, 5:29 pm | JP Morgan
Euro zone finance ministers agreed on the terms of financial support for Greece at the extraordinary meeting held on Sunday. The agreement prescribes the following: (1) bilateral loans from European governments for 3 years; (2) up to €30bn lending ... More >>
RBNZ to look through one-off price effects of GST
Monday, 12 April 2010, 3:36 pm | JP Morgan
In its last Monetary Policy Statement in March, the RBNZ highlighted that the implementation of the amended Emission Trading Scheme (ETS) from July 1 would boost headline inflation. The Bank made clear, though, that monetary policy would not attempt to offset the ... More >>
Australia: Home Loans Dragged Even Lower
Monday, 12 April 2010, 2:44 pm | JP Morgan
he ABS’ housing loan commitments series continued in February the weakness that has been in place since the phasing down (and then expiry) of the expanded First Home Buyers’ (FHBs’) grant at the end of last year. More >>
Australia and New Zealand - Weekly Prospects
Monday, 12 April 2010, 11:10 am | JP Morgan
Last week, the RBA lifted the cash rate for the fifth time in six meetings; on this evidence, the pace of this tightening cycle no longer can be described as “gradual.” The commentary announcing the hike was hawkish, with officials seemingly anxious ... More >>
European Duration Survey, 9 Apr 2010
Saturday, 10 April 2010, 12:10 pm | JP Morgan
Multicurrency investors have added to their short positions while domestic investors have reduced their short positons since the last survey; Euro area domestic investors further reduced their short exposure by 0.07 years, a relatively large cut in their ... More >>
Growth Sets Stage For Policy Decoupling
Saturday, 10 April 2010, 12:03 pm | JP Morgan
Surge in services lifts our global PMI to highest level in almost three years; Despite widespread above-trend growth, wide differences in activity levels will produce very different policy outcomes across the globe. More >>
FX Reserves Fly Through Previous Cycle Peak
Saturday, 10 April 2010, 11:59 am | JP Morgan
EM FX reserves rose at a $100billion/month pace from the end of 1Q09 through year-end; The rise has broadened across the EM with all major regions seeing roughly the same percent increase; Huge appetite for USD assets remains; share rises relative to EUR ... More >>
Picking Winners Among The G10 High-Beta Currencies
Saturday, 10 April 2010, 11:53 am | JP Morgan
The global recovery and the fading of China- and EMU-related risks should boost G10 high-beta FX. High-beta currencies have diverged since October, largely reflecting shifts in market pricing relative to fundamentals, rather than trends in fundamentals ... More >>
Should Elections Matter For Sterling
Saturday, 10 April 2010, 10:28 am | JP Morgan
If one story in currency markets could rival Greece for drama over the next month, it is UK elections. How much polls matter for sterling depends on the horizon. Over the next month the currency will rise and fall on voting intentions, but strength ... More >>
FX Daily Planet: New York Open
Saturday, 10 April 2010, 10:21 am | JP Morgan
High beta currencies are in the ascendancy during the session as European equities post gains of nearly 1%. NZD is leading the charge higher, rising over 1% versus JPY. GBP has also performed well following much stronger than expected UK PPI data ... More >>
FX Daily Planet: London Open
Saturday, 10 April 2010, 10:12 am | JP Morgan
Having passed many events on Thursday (NY Times report suggesting CNY revaluation is very close, monetary policy decisions by the BoE and ECB) and without new information on CNY revaluation, the market remained quiet. More >>
Daily Economic Briefing: April 8, 2010
Friday, 9 April 2010, 9:53 am | JP Morgan
• The signs are that China is preparing to launch a new phase of policy normalization that will include a stronger RMB and interest rate hikes. The moves, which are expected to be modest and gradual, would supplement previous tightening measures including ... More >>
FX Daily Planet: Sydney/Asia Open
Friday, 9 April 2010, 9:45 am | JP Morgan
Greece remains a focus in FX markets. Greek 10-year spreads over Bunds hit a new high and the EUR fell precipitously overnight, but both have recovered some in New York trading. Several factors resulted in the EUR regaining much of its lost ground ... More >>
Aussie economy added 30,000 full-time jobs
Thursday, 8 April 2010, 3:00 pm | JP Morgan
The Australian economy added 19,600 jobs last month (J.P. Morgan: zero, consensus: 20,000), taking total employment gains since September last year to a whopping 215,000. A downward revision to the 400 gain in employment in February, however, to a fall ... More >>
Daily Economic Briefing: April 7, 2010
Thursday, 8 April 2010, 10:04 am | JP Morgan
• Our global services PMI bounced strongly in March, signaling an important broadening in the economic recovery. Until now, the recovery has been dominated by the manufacturing sector, reflecting increased demand for goods such as autos and capex and the stabilization ... More >>
Australia and New Zealand - Weekly Prospects
Tuesday, 6 April 2010, 12:02 pm | JP Morgan
The undoubted highlight in Australia this week is the RBA’s interest rate decision later today. Our core view remains that the RBA will leave the cash rate steady at 4% but, with the medium term case for tighter policy compelling, there is a material ... More >>
