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US 30-year mortgage rate slides to 11-month low, MBA data shows
MBA reports 30-year mortgage rate at 6.49%, lowest since last OctoberMortgage applications rise 9.2%, highest in over three yearsFed expected to cut rates following weakening job market dataSept 10 (Reuters) - The interest rate on the most popular U.S. home loan dropped by the most in six months las...Reuters
Wed, Sep 10
USD/CNH: Likely to trade in a range between 7.1160 and 7.133 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1160 and 7.1330. In the longer run, downward bias is building, but USD must first close below 7.1100 before a sustained decline can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Sep 10
RPT-JPMorgan CEO Jamie Dimon warns of a cloudy US economic outlook
Dimon warns tariffs and geopolitics impact not fully knownInterest rate cuts seen as immaterial to economyDimon expects more banking consolidation, rules out overseas bank purchaseBy Nupur Anand NEW YORK, Sept 9 (Reuters) - JPMorgan Chase JPM.N CEO Jamie Dimon is cautious about the U.S. economic ...Reuters
Wed, Sep 10
USD/CNH heavy near 7.12, eyes 7.10 support – BBH
The Chinese Yuan (CNH) is testing key support as mixed August inflation data highlights China’s struggle with deflation. Analysts see scope for gradual currency appreciation to boost household spending and support growth, BBH FX analysts report.
Fxstreet
Wed, Sep 10
Greek EU-harmonised inflation eases to 3.1% y/y in August
Sept 10 (Reuters) - Greece's annual EU-harmonised inflation slowed to 3.1% in August from 3.7% in July, data showed on Wednesday.Month-on-month consumer inflation fell 0.6%The cost of food and non-alcoholic beverages rose 2.6% year-on-year in August, with prices of clothing and footwear up by 7....Reuters
Wed, Sep 10
Greek industrial output drops 0.5% y/y in July
Sept 10 (Reuters) - Greek industrial output declined by 0.5% year-on-year in July, after a revised 1.0% increase in June, data from statistics service ELSTAT showed on Wednesday.A breakdown of index components showed manufacturing production rose 0.5% from the same month in 2024. Electricity output ...Reuters
Wed, Sep 10
German cabinet agrees draft law to improve startups' finance conditions
By Maria Martinez and Christian KraemerBERLIN, Sept 10 (Reuters) - Germany's cabinet on Wednesday agreed a draft law to strengthen Germany as a business location by improving finance conditions for small businesses and startups, said a government spokesperson. In addition, more capital is to be ...Reuters
Wed, Sep 10
China: August CPI back in contraction – UOB Group
China’s CPI fell more than expected, by -0.4% y/y in Aug but core CPI continued to edge higher to 0.9% y/y from 0.8% y/y in Jul, marking an 18-month high as government policies stayed geared towards promoting domestic consumption, UOB Group's Economist Ho Woei Chen notes.Fxstreet
Wed, Sep 10
European bond yields edge lower ahead of US inflation data
By Joice Alves LONDON, Sept 10 (Reuters) - Euro zone government bond yields edged lower on Wednesday as investors awaited U.S. inflation data that could help define the size of a Federal Reserve rate cut next week. French yields were steady after French President Emmanuel Macron named loyalist Se...Reuters
Wed, Sep 10
Japan PM hopeful Motegi endorses BOJ's plan to gradually normalise monetary policy
TOKYO, Sept 10 (Reuters) - Former Japanese Foreign Minister Toshimitsu Motegi, a prime ministerial hopeful running in the ruling party's leadership race, on Wednesday endorsed the Bank of Japan's policy of gradually normalising monetary policy."I believe the basic policy direction is to ...Reuters
Wed, Sep 10
