Swiss consumer prices in August rose from a year ago, after remaining flat in the previous two months, while retail sales for July declined, figures from the Federal Statistical Office showed Monday. The consumer price index edged up 0.1 percent year-on-year following zero readings in June and J…
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Swiss August Consumer Prices Rise; July Retail Sales Fall
High profile British political and banking figure Peter Cruddas has high hopes for CMC Markets as it turns its fortune around within a year British spread betting firm CMC Markets is looking toward a public listing with a potentially stratospheric value of £1 billion within a matter of months aft…
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CMC Markets heads for £1 billion float
British house prices barely rose during August, according to a survey from mortgage lender Halifax on Monday that added to some other signs of moderation in the housing market. House prices rose 0.1 percent in August, slowing sharply from 1.2 percent in July, Halifax said. Prices rose 9.7 percen…
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UK house price growth slows sharply in August – Halifax
Monday’s a quiet day for macro updates, which means that the release on consumer sentiment in Europe from Sentix will attract widespread attention. It’s also a slow day for US economic news, but in the wake of Friday’s weak jobs report, the market will focus on the Conference Board’s release of its…
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3 Numbers: Fears Sentix will tumble, US job trends and consumer credit
The Swiss unemployment rate rose to a non-seasonally adjusted 3.0 percent in August from 2.9 percent in the previous month, the State Secretariat for Economic Affairs said on Monday. When adjusted for seasonal factors, the unemployment rate stood at 3.2 percent, unchanged from the previous…
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Swiss unadj. jobless rate up at 3.0 pct in August
Germany exported goods to the value of 101.0 billion euros and imported goods to the value of 77.6 billion euros in July 2014. This is the highest monthly export value ever reported. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 8…
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German exports in July 2014: +8.5% on July 2013
Japan’s service sector sentiment index fell to 47.4 in August, down for the first time in four months, a Cabinet Office survey showed on Monday. The survey of workers such as taxi drivers, hotel workers and restaurant staff, called ” economy watchers” for their proximity to consumer and retail tr…
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Japan service sector sentiment worsens in August
China’s trade surplus climbed to a record in August as exports (CNFREXPY) rose on the back of increased shipments to the U.S. and Europe, while imports fell for a second month as a property slump hurt domestic demand. Exports increased 9.4 percent from a year earlier, the Beijing-based customs a…
It is not hard to find an exemplary chart of the collapse of the Japanese economy – as we have been diligently exposing for the past few years despite Abenomics’ promises (tonight’s especially). Even Japanese government advisors are concerned: “My biggest concern is that most of the emphasis has …
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Shinzo Abe’s Six Most Worrisome Charts
After a decade of riding on the back of China with little concern about falling off, recent data has many economists worried that the ride is about to get much bumpier. It’s perhaps not surprising that China is important not just to Australia’s economy, but the whole world’s. But just how importa…
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Why a collapse in China’s housing market will hurt Australia
If you agreed with all the academics, billionaires and politicians who denounced Federal Reserve monetary policy since the financial crisis, you missed $1 trillion of investment returns from buying and holding U.S. Treasuries. That’s how much the government bonds have earned for investors since t…
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You Missed $1 Trillion Return Agreeing With Fed Naysayers
The following are the latest technical setups for EUR/USD, USD/JPY, USD/CHF, and AUD/USD as provided by the technical strategy team at Credit Suisse. EURUSD’s sharp fall below 1.3020/15 reinforces our bearish stance, and we maintain our 1.2787/55 target. EURUSD fell sharply last week, easi…
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Technical Setups For EUR/USD, USD/JPY, USD/CHF, AUD/USD – Credit Suisse
China released its latest batch of trade data on Monday which showed exports stayed strong in August while imports remained sluggish. Exports jumped 9.4 percent from the year-ago period, beating estimates for an 8 percent gain and following the 14.5 percent rise in the month before. Imports, mea…
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China’s August exports beat, but imports miss
Khoon Goh, Senior FX Strategist at ANZ, reviews the latest changes in specs positioning for the week ending 2 September 2014, noting leveraged funds increased their exposure to the USD. Key Quotes “Leveraged funds increased their exposure to the USD for the 7th consecutive week, encouraged by …
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Specs increased USD exposure for 7th consecutive week – ANZ
ANZ’s job ads data shows a 1.5 per cent increase in the number of positions advertised in August, seasonally adjusted. The figures stand in stark contrast to last month’s official ABS employment figures which showed a steep jump in the jobless rate from 6 to 6.4 per cent, the worst reading since …
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Australia job ads data shows labour market improvement continues
Jiang Jianqing, chairman of Industrial & Commercial Bank of China Ltd. (601398), earned less than 2 percent of Jamie Dimon’s compensation last year while reporting twice the profit of JPMorgan Chase & Co. Instead of a reward, Jiang is poised for a pay cut. China’s government said last month it wi…
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Overpaid Bank Chief in China Means 2% of What Dimon Gets
The Australian dollar showed some positive signs to finish out last week as it surged higher again bouncing off support below 0.93 and reaching a new four week high around 0.94. A couple of weeks ago it enjoyed a solid week moving up from below 0.9300 to a then three week high around 0.9370 before…
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AUD/USD – Maintains the Range Between 0.92 and 0.94
Sterling slumped to its lowest in nearly 10 months on Monday amid worries about political uncertainty after an opinion poll showed supporters of Scottish independence from Britain taking the lead for the first time since the referendum campaign began. It skidded nearly 1 percent to around $1.6165…
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Sterling skids on Scotland worries, China data in focus
Japan’s economy contracted more than the government initially estimated, highlighting the challenge for Prime Minister Shinzo Abe in steering the nation through the aftermath of a sales-tax increase. Gross domestic product contracted an annualized 7.1 percent in the three months through June, mor…
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Japan’s Economy Contracts More Than Initial Estimate After Tax
National Football League cheerleaders pushing for fair wages won an initial victory last week, but not all of their former colleagues are rooting them on. The Oakland Raiders struck a tentative $1.25 million settlement with 90 Raiderettes in a deal that resolves a lawsuit in which the women alleg…
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Minimum-Wage Fights Create Rift Among Cheerleaders
