Bank of Japan Ready to Act: Haruhiko Kuroda in Jackson Hole
Kuroda noted that although rates couldn’t be arbitrarily pushed into any level of negative territory, the level in Japan “is still far from such lower bound.”
Since the rate hike by the Fed in December 2015, Banco de Mexico has raised rates three times totaling 125 basis points.
Inflows into emerging market equity ETFs keep on dominating the inflow picture within our country ETF universe.
US GICS Sector ETFs witnessed aggregate net inflows of ~$800 million last week
Analyzing last week’s most significant ETF inflows in the context of our entire ETF universe, we note that investors continued to move capital into emerging markets.
How quickly things can change! Investor sentiment started to feel a little shaky last week.
Cumulative net flows into SPDR’s S&P 500 ETF Trust (SPY) reached a YTD (year-to-date) high last Monday. However, inflows reversed sharply.
The Russian economy fell by 0.6% on an annual basis in July—compared to Market expectations of a 1.0% decline and lower than a decline of 0.5% in June.
Latin American markets were trading lower on August 22. They took cues from a fall in commodity and crude prices globally.
Taiwan’s economy rose by 0.7% on an annual basis in 2Q16—compared to a contraction of 0.29% in the previous quarter and slightly above estimated forecasts.
Urjit Patel was announced as the RBI’s 24th governor. He’s serving as Raghuram Rajan’s lieutenant. Urjit Patel has worked under Rajan as the deputy governor.
The Bank of Canada kept the key rates unchanged at the July meeting, but weak data releases after that are expected to force the central bank to act.
The annual Jackson Hole Symposium in Wyoming attracts a high-profile audience. It’s scheduled to start on August 25.
Retail sales rose by 1.4% on a month-over-month basis—compared to a fall of 0.9% the previous month and the Market forecast of a 0.2% rise.
Latin American markets were trading higher on August 18—taking cues from a rise in commodity and crude prices globally.
US unemployment claims for the week ending August 13 fell by 4,000, according to data published by the U.S. Department of Labor on August 18.
Given the two major changes brought about by Statistics New Zealand, markets should view this unemployment release as a benchmark for upcoming releases.
The Russian ruble depreciated against the US dollar on Wednesday after strengthening by more than 1.5% in the previous two sessions.
Latin American markets were trading on a mixed note on August 17—taking cues from a rise in commodity and crude prices globally.
The RBA released its minutes. Inflationary pressures were subdued—noted by a sluggish rise in consumer prices in Australia of 1% in 2Q16.