Find here our morning brief which compiled the main macro news — released on Twitter — concerning Americas, Asia and Europe.
Geopolitics
Follow the latest updates from the Israel-Hamas war https://t.co/qc3M9phj4M
— Bloomberg Economics (@economics) November 14, 2023
Markets
'An unlikely aberration has taken place in global bond markets for the first time on record: yields on emerging-market bonds in local currencies have fallen below US Treasuries.' https://t.co/FtsBCqqsQK pic.twitter.com/QHBsHsSpLC
— Jesse Felder (@jessefelder) November 13, 2023
Economic Indicators and Prospects
*Focus on inflation
US consumer prices are set to show slower progress toward the Fed’s 2% inflation target, keeping the central bank biased toward more tightening, according to Bloomberg Economics https://t.co/YvxUamLc0J
— Bloomberg (@business) November 14, 2023
This week's big data report is the October CPI
— Nick Timiraos (@NickTimiraos) November 13, 2023
Wall Street forecasters expect the core index rose 0.34% from September, raising the 12-month rate to 4.2% from 4.1%
They see the headline index up 0.1% from September, lowering the 12-month rate to 3.3% from 3.7% pic.twitter.com/wADwEXGOTn
NY Fed: Consumers’ Expectations Largely Stable In Octoberhttps://t.co/bV22oZ9tje
— LiveSquawk (@LiveSquawk) November 13, 2023
The Cleveland Fed measures inflation expectations of U.S. manufacturing- and service-sector firms' CEOs every quarter
— Nick Timiraos (@NickTimiraos) November 14, 2023
Expected year-ahead CPI inflation fell to 4.2% this quarter from 4.3% in Q3 and 7.3% one year ago. (Was close to 3% before the pandemic)https://t.co/5G0ATgnoyX pic.twitter.com/eSAhr7h4Kg
the state of US inflation https://t.co/YBRPHGuQ1h pic.twitter.com/ogmujkv1O6
— zerohedge (@zerohedge) November 14, 2023
Housing
Housing November 13th Weekly Update: Inventory Mostly Flat Week-over-week https://t.co/omMI5u4rtp pic.twitter.com/ZW8BGmXty1
— Bill McBride (@calculatedrisk) November 13, 2023
Mortgage rates continue to dent consumer sentiment around buying homes … series within @UMich survey has fallen to lowest since August 1982 pic.twitter.com/dNg1uroYP5
— Liz Ann Sonders (@LizAnnSonders) November 13, 2023
Monetary Policy
The Fed should stop cutting its bond holdings before a key liquidity facility is completely emptied so it can ensure that banks have sufficient reserves, according to Wrightson ICAP https://t.co/Z9WKdoM3Bp
— Bloomberg Economics (@economics) November 13, 2023
The Federal Reserve’s top bank regulator plans to tell lawmakers that supervisory officials at the central bank are homing in on risks posed by the state of the US economy https://t.co/Y2ozxwussd
— Bloomberg Markets (@markets) November 13, 2023
Fiscal Policy
House Speaker Mike Johnson is counting on Democrats to overcome misgivings and approve his proposal to avert a US government shutdown https://t.co/J5cEEpJZZZ
— Bloomberg (@business) November 14, 2023
A Few Comments on a Possible Government Shutdown https://t.co/KerOhNf4Jr The employment data for November has already been gathered since the BLS reference week was November 5th through 11th this year (one of the exceptions for when the reference week doesn't include the 12th).
— Bill McBride (@calculatedrisk) November 13, 2023
US Treasury Secretary Janet Yellen says she disagrees with Moody’s shift to a negative outlook on the country’s credit rating.
— Bloomberg TV (@BloombergTV) November 14, 2023
Yellen’s comments come three days after the US was threatened with the loss of its last top credit rating https://t.co/IG3LXID6WK pic.twitter.com/7ZZMPCzyMB
Trade, Politics and Geopolitics
🇺🇸 🇨🇳 Biden, Xi to Announce Deal for #China to Crack Down on Fentanyl – Bloomberg
— Christophe Barraud🛢🐳 (@C_Barraud) November 14, 2023
https://t.co/YAHdaOetW6
US, Asian Nations Not Ready to Finalize Economic Accord at APEC https://t.co/kjD4CijDIs
— Shehzad Younis شہزاد یونس (@shehzadyounis) November 14, 2023
Markets
Yen traders are bracing for US inflation data later Tuesday as a potential trigger to push the currency to a 33-year low and draw Japanese authorities into the market https://t.co/PnskNHZa5u
— Bloomberg Markets (@markets) November 14, 2023
#Chinese #securities brokerages rally amid market speculation of mergers and acquisitions in the industry, even after brokerage firms including CICC, China Galax denied the reports.https://t.co/haGgRmRhhd pic.twitter.com/xhT0CqGkjn
— YUAN TALKS (@YuanTalks) November 14, 2023
Economic Indicators and Prospects
🇨🇳 #China M1 money supply (usually a leading indicators) rose 1.9% YoY in October (lowest since Jan. 2022)
— Christophe Barraud🛢🐳 (@C_Barraud) November 14, 2023
*Real M1 (adjusted for CPI) rose 2.1% YoY in October, unchanged from prior.https://t.co/B1R9z7xxMT pic.twitter.com/kmL5eDMy11
China’s economic recovery is losing momentum, data show.
— Mayte Chummia (@Maytechummia) November 13, 2023
Alternative indicators show weakening consumer demand.https://t.co/0pygXYV7Yf
Australia’s consumer confidence slumped in November following the Reserve Bank’s resumption of interest-rate increases https://t.co/TTI4kpRLKN
— Bloomberg Markets (@markets) November 13, 2023
Monetary Policy
A RRR cut is still possible for China in 2023, CSJ cites experts. #China #PBOC $USDCNH
— CN Wire (@Sino_Market) November 14, 2023
The financial data for October reflects the continued recovery of China's domestic demand. To support the stable growth of the real economy, monetary policy will remain prudent, aiming to… https://t.co/2CM0tqp3W0
Fiscal Policy
⚡#China has launched pilot projects in the first batch of 15 cities including Beijing, Shenzhen, Chongqing, and Chengdu to achieve comprehensive electrification of public vehicles in key areas.
— CN Wire (@Sino_Market) November 14, 2023
It is expected to promote over 600,000 new energy vehicles, construct over 700,000…
Trade, Politics and Geopolitics
⚡MoFA: Xi and Biden are scheduled to have discussions on matters concerning both bilateral relations and global affairs. 🇨🇳🇺🇸
— CN Wire (@Sino_Market) November 14, 2023
Economic Indicators and Prospects
🇬🇧 *UK JULY-SEPT. WAGES EXCL. BONUS RISES 7.7% Y/Y; EST. +7.7% – BBG
— Christophe Barraud🛢🐳 (@C_Barraud) November 14, 2023
*UK JULY-SEPT. AVG WAGES RISE 7.9% Y/Y; EST. +7.3%
*UK OCT. EMPLOYEES ON PAYROLL RISE 33.0K; EST. -17K
UK wage growth slows in a sign of fading inflationary forces https://t.co/SxSHyX0aKE via @LucyGJWhite @PhilAldrick pic.twitter.com/nYUfF9IQJK
— Zoe Schneeweiss (@ZSchneeweiss) November 14, 2023
🇩🇪 German Retailers See Bleak Outlook for 2023 Christmas Sales – Bloomberghttps://t.co/gde8XRpJq8
— Christophe Barraud🛢🐳 (@C_Barraud) November 14, 2023
CRE
Monetary Policy
ECB to hold rates through mid-2024 despite stalling economy- Reuters Poll https://t.co/8IDxR23jAd pic.twitter.com/7bH7sUPi4e
— Reuters (@Reuters) November 14, 2023
Fiscal Policy
The EU reached a deal on measures to become more self-sufficient in the key raw materials it needs to help power the clean energy transition https://t.co/6qrYgANqPV
— Bloomberg (@business) November 13, 2023
Moody’s is in a hole on Italy junk question, Ex-S&P veteran says https://t.co/WERbIUsgOS via @Alemrome pic.twitter.com/TfbgPVBIqq
— Zoe Schneeweiss (@ZSchneeweiss) November 14, 2023
Trade, Politics and Geopolitics
The EU shortens the review period on its Venezuela sanctions after Nicolás Maduro’s regime resumes talks with the opposition https://t.co/nwSyP0J9Vq
— Bloomberg (@business) November 13, 2023
The UK Minister for Exports Malcolm Offord says he wasn’t surprised when trade talks between Australia and the EU fell apart for a second time in October https://t.co/LRyURzwF1j via @Ben_Westcott pic.twitter.com/fgUOqaG0kl
— Zoe Schneeweiss (@ZSchneeweiss) November 14, 2023
⚠ #WeekAhead Preview: Week 46 (2023) ⚠
— Christophe Barraud🛢🐳 (@C_Barraud) November 12, 2023
🇺🇸 U.S. Budget Deadline
🌏 #APEC Meetings
🇺🇸 🇬🇧 U.S. and U.K. #Inflation
🇨🇳 Chinese Data
🇪🇺 EC Economic Outlook
🌎 Central Banks’ Speeches
…https://t.co/wmFhzVvO76
*Note: Previous briefs can be found here