China Sets Yuan Reference Rate@ 6.3027

Written February 7, 2012 at 8:18 PM EST by  

BRC Shop Prices

Written February 7, 2012 at 7:44 PM EST by  

The BRC Shop Price Index in the UK grew in January at a 1.4% pace over the prior year, slower than the prior month which grew at 1.7%a clip year over yer.

Japan’s Trade Balance

Written February 7, 2012 at 7:42 PM EST by  

Japan’s Trade Balance in December again came in as deficit, while the Adjusted Current Account Total grew. The Yen weakened following the release moving back toward the 77 handle.

  • Trade Balance – Survey:-135B   Actual:-145B   Prior:-585B
  • Current Acct Total – Survey:340B   Actual:303B   Prior:138B
  • Adj. Current Acct Total – Survey:625B   Actual:752B   Prior:480B

RBA Unexpectedly Keeps Rates Unchanged @ 4.25%

Written February 6, 2012 at 10:36 PM EST by  

The RBA did not move 25 basis points lower as expected instead kept rates unchanged, moving the Aussie higher against all its counterparts, moving ~8 pips higher against the USD initially. The RBA added the following comments suggesting there was room to move on rates if demand weakened:

  • Financial Market sentiment remains skittish, has improved.
  • Term funding markets have reopened.
  • Economic growth close to trend.
  • Labor markets softened during 2011.
  • CPI inflation has declined as expected.
  • Year end CPI to fall further in next quarters.
  • Underlying inflation is about 2.5%.
  • Credit growth remains modest.
  • House signs show some sign of stabilizing at end of 2011.
  • Terms of trade have started to decline.

 

 

China Sets Yuan Reference Rate @6.3116

Written February 6, 2012 at 8:26 PM EST by  

Shirakawa Says Japan’s Economy in Severe Situation

Written February 6, 2012 at 7:44 PM EST by  

BRC Sales

Written February 6, 2012 at 7:10 PM EST by  

BRC same store sales declined by less than expected at -0.3% in January versus the estimate of -0.8%. Cable had a muted reaction to the release.

 

China’s Industrial Profits YTD

Written February 2, 2012 at 9:16 PM EST by  

China’s Industrial Profits for 2011 on a year over year basis rose 25.4% versus the prior increase of 24.4%.

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