Societe Generale in its early Thursday economic news summary pointed out:
-- Euro stays higher after above forecast Q3 gross domestic product and the consumer price index diminishes the likelihood of a 50bps European Central Bank rate cut in December. Flash October CPI ticks up to 2.0% year over year, core steady at 3.7% year over year. 10-year Bund up to 2.41%. 10y United States Treasury dips to 4.28%. EUR/USD probing 200dma (1.0868).
-- Bank of Japan leaves policy rate unchanged at 0.25%, vote unanimous. Governor Ueda is hawkish: the stance is rates will be raised if the outlook is realized, weighing the impact of a weaker yen on the economy, current political situation will not impact rates much.
-- France's HICP climbs to 1.5% year over year in October from 1.4% in September, in line. Services cool to 2.2%, food 0.6%, manufacturing goods -0.5%
-- China's October PMIs above forecast: manufacturing up to 50.1 with new orders at 50.0, services up a shade to 50.2 with new orders at 47.2.
-- Day ahead: US PCE deflator, SocGen forecasts: +0.1% month over month, core: +0.2% month over month. US jobless weekly claims, Chicago PMI. Colombia central bank forecast to cut 50bps. Poland CPI.
-- Nikkei -0.5%, EUR 10-year IRS +2.5bps to 2.48%, Brent crude +0.4% at $72.84/barrel, Gold -0.25% at $2,781/oz.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.