PBOC’s purchase of special bonds—leading to lower bond market rates—could undermine CNH despite the liquidity boost being a boon for risk markets, Pepperstone said.
BMW recalled more than 140,000 of its electric Mini Coopers worldwide, citing the potential for battery fires, though no accidents or injuries have been reported.
Total retail sales rose 1% on year, with growth again driven mainly by food purchases, while better weather drove higher sales of summer clothing and health and beauty products.
The BOJ tankan survey showed companies expect the dollar to trade Y144.77 in the financial year ending March 2025, and concerns over corporate profits could accelerate if the yen strengthens more than the average assumption rate, Rakuten Securities Economic Research...
With the Australian economy still close to full employment, Michele Bullock might yet achieve a relatively soft landing for the economy that avoids a sharp rise in unemployment.
Austrian government bonds are in rich or expensive territory at the shorter ends and cheapen further out on the curve, NatWest Markets said ahead of an auction by Austria later on Tuesday.
