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 9]
Australia: housing finance falling off a cliff
Wednesday, 10 March 2010, 3:27 pm | JP Morgan
The total number of housing loan commitments issued in Australia nose-dived 7.9%m/m in January (J.P. Morgan: +3.0%, consensus: +2.0%), having already plummeted 14% between September and December 2009. We have for some time expected that housing activity ... More >>
NZ terms of trade spiked in 4Q
Wednesday, 10 March 2010, 2:18 pm | JP Morgan
After declining for six straight quarters, New Zealand’s terms of trade jumped 5.7%q/q in 4Q (J.P. Morgan 0.6%), marking the largest rise since 1Q76. The terms of trade shot well beyond our forecast, owing to a sharper than expected drop in ... More >>
FX Daily Planet: Sydney/Asia Open
Wednesday, 10 March 2010, 10:41 am | JP Morgan
Another strangely quiet day in the US session, with a slow grind steadily higher for US equities which are currently trading around 0.5% higher in afternoon trading. This is helping high beta FX to take back some of earlier losses against the USD. ... More >>
Daily Economic Briefing: March 9, 2010
Wednesday, 10 March 2010, 10:16 am | JP Morgan
The latest global Manpower Employment survey found that global labor market conditions did not change much between its latest and previous quarterly surveys. Taking the net balance index at face value, planned net hiring is sluggish but positive in the ... More >>
Daily Economic Briefing: March 8, 2010
Tuesday, 9 March 2010, 11:31 am | JP Morgan
Last week’s developments reinforced our confidence that global GDP will expand at an above-trend 3.4% pace this year (4q/4q), or 4.1% on a PPP basis. Equally important, we see signs that the expansion is becoming more self-sustaining. More >>
FX Daily Planet: Sydney/Asia Open
Tuesday, 9 March 2010, 10:13 am | JP Morgan
The USD is taking back some ground in New York trading following a grind lower beginning last Friday. AUD and NZD remain higher versus the USD while JPY and GBP continue to lag. Today’s only notable economic data was housing starts in Canada which surprised ... More >>
Global Data Watch: Spring Growth
Saturday, 6 March 2010, 1:33 pm | JP Morgan
The transition to self-sustaining growth is well under; As inflation slides in the developed world, food prices are pushing EM inflation higher; More >>
European Duration Survey, 4 March 2010
Saturday, 6 March 2010, 11:30 am | JP Morgan
Investors tempered their bearish positions in most markets, except domestic Euro area investors, who continued to add to short exposure positions. Euro area domestic investors further reduced duration exposure by -0.02 years, leaving them at their ... More >>
FX Markets Weekly: USD is topping out
Saturday, 6 March 2010, 10:27 am | JP Morgan
The dollar’s rally this year has been unusually broad for a low-rate environment, but this move is coming to an end. Key systemic risks are fading (Greece, US slowdown), and positioning is too defensive for the macro environment. More >>
FX Daily Planet: New York Open
Saturday, 6 March 2010, 10:24 am | JP Morgan
The overnight rally in risk markets led by the Nikkei report on BoJ’s possible extension in QE continued into the European session. European equities made modest gains and commodity currencies continued to grind higher with CAD lagging behind. More >>
FX Daily Planet: London Open
Saturday, 6 March 2010, 10:20 am | JP Morgan
With a series of news which favored the risk markets, including Nikkei newspaper’s report for an additional monetary easing by the BoJ and Chinese Premier Wen’s confirmation for continuation of “appropriately easy monetary stance and active fiscal policy” ... More >>
Daily Economic Briefing: March 4, 2010
Friday, 5 March 2010, 11:14 am | JP Morgan
• In markets, the most important event this week probably has been the continued calming of fears about sovereign debt in Europe. With respect to the economy, the highlight has been the February global PMI. In a period in which adverse weather ... More >>
FX Daily Planet: Sydney/Asia Open
Friday, 5 March 2010, 9:18 am | JP Morgan
The ECB meeting was the main focus today. The main news is that the CB is reverting to the pre-crisis operating procedure for allocating 3-mth funds. In particular, the ECB is reverting to a fixed volume/variable rate from the current unlimited volume/fixed ... More >>
Australia: Trade deficit narrowed in January
Thursday, 4 March 2010, 2:38 pm | JP Morgan
Australian imports exceeded exports again in January, marking the ninth consecutive month in which the trade balance printed in the red. The deficit did narrow, however, to A$1.2 billion from a downwardly revised A$2.2 billion in December. A reduction ... More >>
Daily Economic Briefing: March 3, 2010
Thursday, 4 March 2010, 11:00 am | JP Morgan
• Our global services PMI rose 1.4 pts to 52.6 in February. This is an encouraging sign, because the services PMI has been very depressed relative to its manufacturing counterpart, consistent with a narrowly-based, although reasonably strong, economic ... More >>
FX Daily Planet: Sydney/Asia Open
Thursday, 4 March 2010, 9:56 am | JP Morgan
Positive news surrounding Greece has helped to EUR to push about 0.7% higher against the USD today. The Greek government announced additional austerity measures to the tune of EUR4.8bn in the European morning session. The measures were in line with ... More >>
FX Daily Planet: London Open
Thursday, 4 March 2010, 9:24 am | JP Morgan
USD weakened broadly against the majors (excluding JPY) amid modest gains in Asian equity markets. GBP, which rose 0.5% against USD, was the strongest currency among the G-10, though in view of its sharp underperformance this week, today’s rebound ... More >>
Aussie economy expanded at fastest rate in 2 years
Wednesday, 3 March 2010, 3:16 pm | JP Morgan
Australia’s economy advanced at a healthy clip in the December quarter. Real GDP expanded 0.9%q/q (J.P. Morgan 1.1%, consensus 0.9%), three times the (revised) rate of growth in the September quarter. All three measure of GDP – expenditure, production, ... More >>
Daily Economic Briefing: March 3, 2010
Wednesday, 3 March 2010, 10:11 am | JP Morgan
• The RBA resumed its tightening campaign today, hiking the cash rate 25bp to 4%. Notably, Board members were presented with very strong retail sales data for January, which likely eased concerns about how households were adjusting to previous hikes. ... More >>
Australia's upbeat Reserve Bank lifted cash rate
Wednesday, 3 March 2010, 9:49 am | JP Morgan
The RBA today lifted the cash rate another quarter point to 4.0%, the fourth hike since last October, but a resumption of the tightening cycle that unexpectedly stalled in February. We had forecast another “unchanged” outcome today on the basis that, ... More >>
