BOJ loses Kuroda’s authority, easy opponent for bond vigilantes – Bloomberg

Whoever has been nominated as the next governor of the Bank of Japan is less of a market authority than incumbent Haruhiko Kuroda. That could make some investors more aggressive to push yields higher after the governor change, said John Bale, chief global market strategist at Nikko Asset Management. “None of them is probably as […]

U.S. Unemployment Claims Almost Flat Week-to-week, Near Historic Lows – Bloomberg

U.S. unemployment claims last week were little changed from the previous week. It remains near historic lows, highlighting the reluctance of companies to cut jobs in a tight labor market. Key Point Initial jobless claims for the week ending Dec. 17 increased by 2,000 from the previous week to 216,000 The median economist estimate is […]

OPEC Warns Members to ‘Warn’, Lowers March Demand Forecasts – Bloomberg

The Organization of the Petroleum Exporting Countries (OPEC) has cut its projections for the amount of crude oil production it will need in the coming months, urging members to “vigilance and caution”. In its latest monthly report, OPEC expects the oil market to balance supply and demand in the first quarter of 2023. a month […]

U.S. Treasury Yields Soar, Strong Jobs Data Boosts Peak Rate Outlook – Bloomberg

US employment statistics for November exceeded market expectations for growth in both the number of non-agricultural employees and wages. After the announcement, the market’s expectations for next year’s peak interest rate jumped significantly, and US Treasury yields also rose. US Treasuries were sold, and the two-year bond yield temporarily rose 18 basis points (bp, 1bp […]

U.S.-listed Chinese Stocks Gain Biggest Monthly Momentum Since 2001 – Bloomberg

US-listed Chinese stocks rose on the US stock market on the 29th. If this trend continues, it will be the biggest monthly increase since the data started in 2001. Hopes were high that China could reverse its draconian coronavirus policies that had slowed its economy. The Nasdaq Golden Dragon China Index rose 5%. On the […]

China to Hold Conference on Covid-19 Measures, Signs of Concessions After Protests – Bloomberg

Representatives of China’s National Health Commission, National Disease Prevention and Control Administration, and China Center for Disease Control and Prevention will hold a press conference on the implementation of measures to prevent and control the novel coronavirus at 3:00 pm (4:00 Japan time) on the 29th. open.National Health Commissionmade clear in the publication. The Chinese […]

China Stocks Rebound, Raising Hopes for Economic Reopening;

Chinese stocks rebounded sharply on the 29th. The yuan is also being bought. Hopes of reopening the economy grew as markets looked for signs of further easing of coronavirus restrictions after a press conference by Chinese health officials. New real estate support measures also helped improve sentiment. The CSI 300 index of mainland Chinese stocks […]