Markets
US bank jitters hit Asia stocks; yen drops with JGB yields after BOJ https://t.co/ieWzYndi2W pic.twitter.com/hBaHw0MgEs
— Reuters (@Reuters) March 10, 2023
Economic Indicators and Prospects
🇺🇸 US Jobless Claims Jump to 211,000, Led by New York, California – Bloomberghttps://t.co/tOItjpfgAY pic.twitter.com/QhYr0NngHM
— Christophe Barraud🛢🐳 (@C_Barraud) March 9, 2023
January drop in job openings for financial activities sector was worst since February 2008 pic.twitter.com/TSy2p22W4q
— Liz Ann Sonders (@LizAnnSonders) March 9, 2023
Oooops.. Job openings in Construction pic.twitter.com/uKKTWYhyHo
— AndreasStenoLarsen (@AndreasSteno) March 9, 2023
🇺🇸 Job cuts… no longer "only tech"… pic.twitter.com/qKAvDlzTUg
— Mikael Sarwe (@MikaelSarwe) March 9, 2023
"Home ATM" is Closing; Mortgage Equity Withdrawal (MEW) Declines in Q4 https://t.co/d5Wf3KJJYg pic.twitter.com/M9zw5oD9Gm
— Bill McBride (@calculatedrisk) March 9, 2023
Housing
Realtor .com Reports Weekly Active Inventory Up 61% YoY; New Listings Down 26% YoY https://t.co/PzR4NCCA0D pic.twitter.com/myj12SKjJu
— Bill McBride (@calculatedrisk) March 9, 2023
Focus on U.S. Employment Report
Preview: February non-farm payrolls by the numbershttps://t.co/RGB8geQ69z
— ForexLive (@ForexLive) March 9, 2023
Here is my preview of the February jobs report. I expect a net gain of 310K in total employment & a 3.3% unemployment rate. If the latter occurs that would the lowest since 1953. That’s Korean War, Eisenhower & Stalin’s death terrain. No, really… https://t.co/WFRFYLGH5F
— Joseph Brusuelas (@joebrusuelas) March 7, 2023
Nonfarm Payrolls Preview: Five scenarios for the Fed, USD and stocks reactions, with probabilities https://t.co/HOSKx9ee0i #Employment #NFP pic.twitter.com/F8TCumLCCv
— FXStreet Reports (@FXstreetReports) March 9, 2023
Monetary Policy
Due to revised seasonal factors, a model of underlying trend inflation produced by the New York Fed (the “multivariate core”) ticked up to 4.9% in January after initially reported to have been around 3.7% at the end of 2022 (December was revised to 4.8%) https://t.co/HGaWEqYFdC pic.twitter.com/YLTge0inGQ
— Nick Timiraos (@NickTimiraos) March 9, 2023
New York Fed data shows underlying inflation pressure acceleration, not slowinghttps://t.co/F2DQxLYbyT
— ForexLive (@ForexLive) March 9, 2023
🌎 🇺🇸 #Fed’s All-Clear on Global Supply Chaos Spurned by Logistics Watchers – Bloomberghttps://t.co/fXI41gJblh pic.twitter.com/QpAUseAxuP
— Christophe Barraud🛢🐳 (@C_Barraud) March 10, 2023
Fiscal Policy
Happening Now: President Biden walks through his 2024 budget for a bottom-up, middle-out economy. https://t.co/QR0cDMON1n
— The White House (@WhiteHouse) March 9, 2023
Biden’s Budget Sets Up GOP Battle, Would Cut Deficits By $3 Tln Over 10 Years – @WSJhttps://t.co/pd2k0mDGQN
— LiveSquawk (@LiveSquawk) March 9, 2023
Energy
Oil headed for worst weekly drop since Feb on U.S. slowdown fears https://t.co/eHPHVQSNpt pic.twitter.com/Mv7hsTmYuC
— Reuters (@Reuters) March 10, 2023
Trade, Supply Chain and Geopolitics
US-China Downward Spiral Raises Fresh Fears Of Eventual Conflict – BBG https://t.co/FfYxDy6asb
— LiveSquawk (@LiveSquawk) March 10, 2023
Markets
Asia-Pacific markets set to fall ahead of crucial U.S. jobs data, Bank of Japan decision https://t.co/l19M0awJSt
— CNBC (@CNBC) March 9, 2023
Economic Indicators and Prospects
🌎 Memory prices plunge despite growing 'datasphere' – Nikkeihttps://t.co/q9GhuTCtsl
— Christophe Barraud🛢🐳 (@C_Barraud) March 10, 2023
CAAM China Feb Report
— CN Wire (@Sino_Market) March 10, 2023
📈NEV market share rises to 26.6%, VS 24.7% in Jan.
🔸China produced 552K new energy vehicles in February, +48.8% y/y.
🔸China sold 525K NEVs in February, +55.9% y/y.
🔸Jan-Feb NEV production +18.1% y/y to 977K.
🔸Jan-Feb NEV sales +20.8% y/y to 933K. https://t.co/ShEXpzCb3y pic.twitter.com/E4HXKeMsVP
Japan February PPI -0.4% m/m (expected -0.3%) & +8.2% y/y (expected +8.4%)https://t.co/k1a33Aar77
— ForexLive (@ForexLive) March 9, 2023
Japan data – January household spending rises m/m for the first time in 3 monthshttps://t.co/WX1WjabGwN
— ForexLive (@ForexLive) March 9, 2023
Monetary Policy
Kuroda Sticks With BoJ Easing, Refrains From Parting Surprise – BBG https://t.co/oKl419ctiz
— LiveSquawk (@LiveSquawk) March 10, 2023
🇯🇵 #Japan | #BOJ keeps low rates as Kuroda sticks to script at swan song meeting – Reutershttps://t.co/ui5Yp7sq5o
— Christophe Barraud🛢🐳 (@C_Barraud) March 10, 2023
BOJ Governor Kuroda's comments at news conference https://t.co/CIW2XUaBXw pic.twitter.com/eaQTjPRs7P
— CNA (@ChannelNewsAsia) March 10, 2023
Politics
'Xi Jinping's guy': Longtime acolyte Li set to be China's next premier https://t.co/E1UYEVwY12 pic.twitter.com/UeBD8XicaZ
— Reuters (@Reuters) March 10, 2023
China’s Xi Wins Unanimous Votes For Third Term As President
— LiveSquawk (@LiveSquawk) March 10, 2023
BREAKING | China's Xi Jinping confirmed as longest-serving leader since Mao.https://t.co/kLsRAwcVxz
— Nikkei Asia (@NikkeiAsia) March 10, 2023
Trade, Supply Chain and Geopolitics
North Korea's Kim Jong Un ordered the military to intensify drills to deter and respond to a ‘real war’ if necessary, state media said on Friday, after the leader oversaw a fire assault drill that it said proved the country's capabilities https://t.co/2idKW0r3RK
— Reuters (@Reuters) March 10, 2023
U.S. eyes trilateral deterrence talks with Japan and South Koreahttps://t.co/t8Z2I1CASK
— Nikkei Asia (@NikkeiAsia) March 10, 2023
Japan seeks to loosen its own rules for exporting weapons so that it can flex its diplomatic muscle at the planned G-7 summit in Hiroshima in May.https://t.co/7g0MkTIq8H
— Nikkei Asia (@NikkeiAsia) March 9, 2023
Economic Indicators and Prospects
British economic output rose by a better-than-expected 0.3% month-on-month in January https://t.co/Sd1xjJZKbv
— Reuters (@Reuters) March 10, 2023
London has become a better city — for the rich https://t.co/daAlOJEXjx via @ThereseRaphael1 @opinion pic.twitter.com/xspspDaDfl
— Zoe Schneeweiss (@ZSchneeweiss) March 9, 2023
Housing
UK homes will face higher energy bills next year even if the government extends support for consumers, according to an energy think tank https://t.co/Ats2SCmgEc
— Bloomberg (@business) March 10, 2023
UK Construction Output (M/M) Jan: -1.7% (exp 0.0%; prev 0.0%)
— LiveSquawk (@LiveSquawk) March 10, 2023
– Construction Output (3M/3M) Jan: 0.6% (exp 2.5%; prev 3.7%)
Monetary Policy
ECB seen taking rates to 3.75% peak as bond exit set to quicken https://t.co/yea4oFzQsk via @weberalexander pic.twitter.com/3dt8CIMTJk
— Zoe Schneeweiss (@ZSchneeweiss) March 10, 2023
The ECB will step up its fight against stubborn inflation by raising interest rates four more times and unwinding its €5 trillion bond portfolio at a quicker pace, according to a Bloomberg survey https://t.co/TV3PpECjm1
— Bloomberg Markets (@markets) March 10, 2023
ECB to test banks for cyber resilience, Enria says https://t.co/cN5WO2egFI pic.twitter.com/PXS8TUXFYl
— CNA (@ChannelNewsAsia) March 9, 2023
ECB tells banks to run cyber stress tests after rise in hacker attacks https://t.co/WtcurojDYl
— Finance News (@ftfinancenews) March 9, 2023
European Central Bank President Lagarde is speaking with German Chancellor Scholz Fridayhttps://t.co/yB1qy4RCb1
— ForexLive (@ForexLive) March 10, 2023
Fiscal Policy
Jeremy Hunt looks to bring the UK’s older workers back into jobs https://t.co/4NDBppRIiw via @LucyGJWhite pic.twitter.com/7ozyorRwzd
— Zoe Schneeweiss (@ZSchneeweiss) March 10, 2023
Energy
EU to propose extending cuts in gas demand until next year https://t.co/FMKpr7EU6M via @johnainger pic.twitter.com/o9qbX2sHKi
— Zoe Schneeweiss (@ZSchneeweiss) March 9, 2023
EU prepares to import more LNG with boost in capacity next year https://t.co/FfFoYR1BMX via @a_shiryaevskaya @johnainger pic.twitter.com/3P6TlujsWs
— Zoe Schneeweiss (@ZSchneeweiss) March 9, 2023
Trade, Supply Chain and Geopolitics
Sunak and Macron must navigate boat issues to reset Anglo-French relations https://t.co/ytWarDmTGf
— The Guardian (@guardian) March 10, 2023
Biden and EU’s von der Leyen seek truce on trade: What to watch https://t.co/BJJaB9D08u via @europressos @jendeben pic.twitter.com/eD9OuJ8yPm
— Zoe Schneeweiss (@ZSchneeweiss) March 10, 2023
EU Plans Joint Navy Patrols To Combat Russian Threat To Infrastructure – FT https://t.co/1nVCzldt7m
— LiveSquawk (@LiveSquawk) March 10, 2023