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Jonas Goltermann, developed market economist at ING, points out that the Norwegian central bank kept rates on hold at today’s meeting, while reiterating that “the policy rate would most likely be raised in March 2019”.  Key Quotes “This confirms our view that the NB is more likely to stick to its rate hiking plan than
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The Australian dollar is weighed lower after NAB raised its mortgage rates ForexLive There isn’t much notable movement in the currencies space to start the day as trading ranges continue to be narrow and limited for the most part. However, the aussie is the main mover as it continues to come under pressure on the
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The Reserve Bank of India (RBI) will change its stance to “neutral” and could cut interest rates in June at the latest, according to a Reuters poll of economists.  A month ago, economists predicted rate hike cycle would begin next quarter. The outlook, however, has flipped following RBI Governor Urjit Patel’s sudden resignation on Dec.
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Many active managers applying a value philosophy run concentrated portfolios that focus on their best ideas. Their tendency to concentrate may be influenced by the model of Warren Buffett, who said in 2008 that in his early days, he would have 80% of his portfolio in five positions, with 25% in the largest. In 1998, he
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Unemployment back at 7-year lows AUD/USD rose as much as 0.33% to hit an intra-day high of 0.7168 after the economy added more jobs than expected in December. Australia added a net 21,600 jobs, more than the 16,500 economists had expected. A slight negative note was that 24,600 part-time jobs were added with a loss
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The headline earlier that started the slide in the Australian dollar: AUD slipping more: Another weight for the AUD is this in the Financial Times from a couple of hours ago: Microsoft’s Bing search engine has been blocked in China following a government order, according to two sources familiar with the matter. Probably not a
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Daily Markets Broadcast 2019-01-24 Wall Street edges higher after strong earnings US indices saw whippy trading yesterday before a last-minute spurt saw them close in the black. Better results from a few index heavyweights helped sentiment. The ECB meets today and could focus on the downside risks to the economy. Australian shares rally after better-than-expected
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OPEC output cuts, potential Venezuela sanctions and risk-on underpin. Attention turns towards US EIA crude stockpiles for near-term trading opportunities.  WTI (oil futures on NYMEX) kicks-off Thursday’s Asian session on the front foot amid fresh optimism over the US-China trade talks that boosted the appetite towards the higher-yielding oil while the US stocks also managed
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Preview of the Australian employment report due at 0030GMT Coming Up! Title text for next article The Australian employment report for December is due on Thursday 3adte at 0030GMT (i.e. pretty soon!) Employment Change: expected 18.0K, prior 37.0K Unemployment Rate: expected 5.1%, prior 5.1% Full Time Employment Change: prior was -6.4K Part Time Employment Change: prior
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ASSOCIATED PRESS There’s no end in sight to the trade war between the U.S. and China. Beijing has many tricks up its sleeve. But China’s labor market has its own dynamic. The first signs of Chinese economic weakness are showing up. A Deteriorating Job Market From my friends at Gavekal Dragonomics, written by Ernan Cui: China’s
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