The BOJ kept interest rates steady on Thursday
The BOJ roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signaling its readiness to continue rolling back its massive monetary stimulus. The Yen climbed as much as 0.9% on Ueda comments.
Central bank of India moves another 102 tonnes from London to its own vaults. It’s a trend.
Source: Times of India
Japan is the perfect example of the failure of Keynesian policies.
More government spending only generates more debt and stagnation, and with years of printing, the yen keeps depreciating. Graphs JP Morgan and Bloomberg thru Daniel Lacalle on X
BREAKING 🚨: The "Yen carry trade unwinding risk" is unwinding
Japanese Yen has fallen through the 150 level against the U.S. Dollar for the first time in 2.5 months Source: Barchart
China's Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus
China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. See below key China GDP data: Q3 GDP 4.6% y/y [Est.+4.5%] Q1-Q3 GDP 4.8% y/y [Prev.+5.0%] Sept retail sales 3.2% y/y [Est.2.5%] Sept industrial growth 5.4% y/y [Est.4.5%] Jan-Sept fixed asset investment 3.4% y/y [Est.3.3%] Sept Unemployment 5.1% [Prev. 5.3%] Source: Reuters, MacroMicro
BREAKING 🚨: Chinese Stocks enter technical correction after falling more than 10% from the October 8th high
Source: Barchart
India stocks foreign selling
Foreign Investors have dumped Indian Stocks EVERY SINGLE day this month for a total value of $6.7 billion. This month's selling is on track to surpass even March 2020. Source: Barchart, Bloomberg
China Weighs $853 Billion Debt Swap to Rescue Local Governments
Source: - Bloomberg
