Japan Nov Factory Output Falls on Weaker Autos

TOKYO, Dec 28 Reuters Japan39;s factory output declined in November, weighed by falls in autos production and clouding the outlook for the exportreliant economy. Industrial production fell 0.9 in November from the previous month, data from the Ministry of Economy, Trade and Industry METI showed on Thursday. The reading was better than the median market […]
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USD Remains on Back Foot, Stocks Moved to Test new Highs

PREVIOUS TRADING DAY EVENTS 27 December 2023 The return from the extended Christmas Holiday in Europe saw stocks in the region closing positively. The weaker USD pushed EURUSD north of 1.1100 to 5month highs. Cable closed within pips of 1.2800 and the US Dollar Index closed under 101.00. Yield on 10year Treasuries declined further, down […]
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Biggest 2mth Rally in Decades Rescues BeatenUp Bond Markets

LONDON, Dec 28 Reuters A huge twomonth rally in bond prices, powered by expectations that central banks will soon be cutting interest rates, has rescued fixed income markets from an almost unheardof third straight year of declines. The U.S. 10year Treasury yield , the benchmark for borrowing costs globally, has dropped 50 basis points bps […]
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