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Otet Markets
23 Oct, 00:30
Otet Markets
22 Oct, 16:20
The Fifth District's composite manufacturing index registered at -14, up from -21 in September, marking a full year of consecutive negative readings, which signals ongoing challenges in the sector.
The new orders index improved to -17, compared to -23 in September, indicating that while demand is still weak, the rate of decline has slowed.
The shipments index fell to -8 from -18, showing a slower decline.
The backlog of orders also saw depletion, with the index at -14, slightly better than September's -16.
Capital expenditures dropped significantly to -23 from -13, reflecting weaker investment in the sector.
Employment also declined, with the index falling to -17 from -22, though wage growth rose to 16 from 15.
The rate of input cost increases slowed, with the index dropping from 3.4 to 2.7.
Manufacturers raised output charges slightly, with the index moving from 1.6 to 1.7.
While the Richmond Fed data shows a modest easing of the manufacturing decline in the Fifth District, challenges such as capital expenditures and employment decline remain significant. Some metrics' stability offers hope, but the broader sector still faces difficulties.
Read more about the latest manufacturing trends and economic insights on our blog.
Otet Markets
22 Oct, 09:42
Otet Markets
22 Oct, 09:03
In September 2024, New Zealand reported a trade deficit of NZ$2.1 billion, improving from the NZ$2.4 billion deficit in the same month last year. This shift highlights changes in both exports and imports.
Exports rose by 5.2%, totaling NZ$5.01 billion. Key sectors driving growth include:
Imports decreased by 0.9%, totaling NZ$7.1 billion. Significant declines were seen in:
Top export destinations: China, Australia, and the United States.
Primary import partners: China, the European Union, and Australia. These trading relationships are vital to New Zealand's economy.
The narrowing trade deficit, driven by strong export performance in agriculture and manufacturing, indicates a positive shift in New Zealand's trade dynamics. While imports have declined, maintaining export momentum will be key to economic stability and growth in the coming months.
Read more about New Zealand's trade performance and economic outlook on our blog.
Otet Markets
22 Oct, 08:55
📊 Gold's market capitalization has hit a record $18.4 TRILLION.
Since 2019, the market value of Gold has officially DOUBLED. This comes as gold prices surpassed $2,750 for the first time in history and are up 33% year-to-date.
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Since 2019, the market value of Gold has officially DOUBLED. This comes as gold prices surpassed $2,750 for the first time in history and are up 33% year-to-date.
Otet Markets
22 Oct, 07:20
Monthly Producer Price Index (PPI):
They are examining changes in producer prices and their impact on inflation and production costs in the Canadian economy.
Speech by the President of the European Central Bank (Christine Lagarde):
Attention to Ms. Lagarde's statements regarding the monetary and economic policies of the Eurozone and their impact on financial markets.
Federal Reserve Richmond Manufacturing Index:
Analysis of the industrial production situation in the Richmond area and its impact on economic growth and the U.S. industrial sector.
The auction results are a crucial factor that can significantly impact bond yields and U.S. fiscal policies, requiring traders to stay alert and ready to adapt.
These indicators and events are of great importance to traders and can influence the direction of financial markets.
Otet Markets
22 Oct, 00:31
Otet Markets
21 Oct, 15:07
Check out our detailed article to learn about All-Time Highs (ATH) and how to incorporate them into your trading strategy!
Otet Markets
21 Oct, 10:26
In September 2024, producer prices in Germany fell by 1.4% year-on-year, marking the 15th consecutive month of deflation and deepening from the 0.8% drop in July and August.
Energy prices saw a sharp 6.6% year-on-year decline, contributing significantly to the overall drop in producer prices. Key energy sectors experienced steep declines:
When energy is excluded, producer prices rose by 1.2% year-on-year, driven by:
On a month-to-month basis, producer prices fell by 0.5% in September, exceeding analysts' expectations, following a 0.2% rise in August.
The continued fall in energy prices creates deflationary pressure, but rising prices in non-energy sectors indicate mixed economic trends. The deepening deflation raises concerns about a potential government or central bank intervention to stabilize prices.
Read more about Germany's producer price trends and economic outlook on our blog.
Otet Markets
21 Oct, 10:19
#Bitcoin #ETF #Crypto
Otet Markets
21 Oct, 09:55
Otet Markets
21 Oct, 09:50
PBOC cut the one-year Loan Prime Rate (LPR) to 3.10%, exceeding expectations.
The five-year LPR, influencing mortgage rates, was lowered to 3.60%, surpassing the expected 3.65%.
This is the latest rate cut since July, as China aims to boost lending and support its economy.
Watch the full video for a detailed analysis of this move and its potential impact.
Otet Markets
21 Oct, 09:33
#Otetview Audio File 🎙️
📊 Key Market Drivers: Earnings, ECB Meeting, and Geopolitical Tensions.
🗓️ 21-25 October 2024
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🗓️ 21-25 October 2024
Otet Markets
21 Oct, 09:20
China Cuts Loan Prime Rates
In a move to support its slowing economy, the People's Bank of China (PBoC) has reduced key lending rates to historic lows, part of broader efforts to stabilize financial pressures, particularly in the property sector.
🟢 1-Year Loan Prime Rate (LPR) Reduction:
The 1-year LPR was cut by 25 basis points to 3.1%, making borrowing more affordable for businesses and households. This rate influences most corporate and household loans in China and aims to stimulate investment and spending.
🟢 5-Year Loan Prime Rate (LPR) Adjustment:
The 5-year LPR, used as a benchmark for mortgage rates, was lowered to 3.6%, providing relief to homeowners and boosting the struggling property market.
🟢 Context and Previous Cuts:
This rate cut follows a similar reduction in July, indicating the PBoC's commitment to an accommodative monetary policy amid the ongoing economic slowdown.
🟢 PBoC Signals Further Easing:
PBoC Governor Pan Gongsheng hinted at potential additional easing measures, including a possible reduction in the reserve requirement ratio (RRR) for banks in Q4 2024, to increase liquidity in the financial system.
🟢 Government Focus on Property Sector:
The rate cuts are part of broader reforms aimed at easing financial strain on property developers and restoring confidence in the real estate market, a critical sector for China’s economy.
🟢 Outlook for China’s Economy:
With lending rates at record lows and the possibility of further easing measures, the Chinese government is taking steps to stimulate economic growth. However, the success will depend on how quickly businesses and consumers respond and whether the property market stabilizes.
Read more about China's economic policies and market outlook on our blog.
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In a move to support its slowing economy, the People's Bank of China (PBoC) has reduced key lending rates to historic lows, part of broader efforts to stabilize financial pressures, particularly in the property sector.
The 1-year LPR was cut by 25 basis points to 3.1%, making borrowing more affordable for businesses and households. This rate influences most corporate and household loans in China and aims to stimulate investment and spending.
The 5-year LPR, used as a benchmark for mortgage rates, was lowered to 3.6%, providing relief to homeowners and boosting the struggling property market.
This rate cut follows a similar reduction in July, indicating the PBoC's commitment to an accommodative monetary policy amid the ongoing economic slowdown.
PBoC Governor Pan Gongsheng hinted at potential additional easing measures, including a possible reduction in the reserve requirement ratio (RRR) for banks in Q4 2024, to increase liquidity in the financial system.
The rate cuts are part of broader reforms aimed at easing financial strain on property developers and restoring confidence in the real estate market, a critical sector for China’s economy.
With lending rates at record lows and the possibility of further easing measures, the Chinese government is taking steps to stimulate economic growth. However, the success will depend on how quickly businesses and consumers respond and whether the property market stabilizes.
Read more about China's economic policies and market outlook on our blog.
Otet Markets
21 Oct, 09:18
Cooling inflation and rate cuts by central banks are influencing global markets.
Earnings surprises continue to shake up forecasts.
Political risks are heightened, adding uncertainty to the outlook.
These factors are shaping the week ahead for the global economy.
Watch the full OtetView analysis this week to get the complete picture.
Otet Markets
21 Oct, 00:30
Otet Markets
20 Oct, 22:30
Otet Markets
18 Oct, 15:09
The U.S. Building Permits Fall: In September 2024, building permits dropped by 2.9% to a seasonally adjusted annual rate of 1.428 million, missing market expectations of 1.46 million. This decline reflects ongoing challenges in the housing market.
Multi-Family vs. Single-Family Units:
Multi-family unit approvals saw a sharp decline of 10.8%, dropping to 398,000 permits.
Single-family authorizations increased slightly by 0.3%, reaching 970,000, showing a continued preference for single-family homes.
Regional Permit Variations:
The Northeast saw the most significant drop, with permits falling by 13.1% to 126,000.
The Midwest experienced a 2.9% decrease to 200,000 permits, and the South reported a 6.1% decline to 765,000.
The West bucked the trend, with permits rising 10.9% to 337,000, reflecting more robust demand in that region.
Read more about U.S. housing market trends and economic insights on our blog.
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Multi-Family vs. Single-Family Units:
Multi-family unit approvals saw a sharp decline of 10.8%, dropping to 398,000 permits.
Single-family authorizations increased slightly by 0.3%, reaching 970,000, showing a continued preference for single-family homes.
Regional Permit Variations:
The Northeast saw the most significant drop, with permits falling by 13.1% to 126,000.
The Midwest experienced a 2.9% decrease to 200,000 permits, and the South reported a 6.1% decline to 765,000.
The West bucked the trend, with permits rising 10.9% to 337,000, reflecting more robust demand in that region.
Read more about U.S. housing market trends and economic insights on our blog.
Otet Markets
18 Oct, 15:07
In September 2024, retail sales increased by 0.3%, beating expectations of a 0.3% decline. This follows a robust 1% growth in August, highlighting continued resilience in consumer spending despite economic challenges.
Non-food store sales jumped by 2.5%, with strong contributions from the tech sector, particularly in computers and telecommunications equipment.
Supermarket sales fell by 2.4%, the largest decline this year, as consumers cut back on luxury food items, driven by poor weather and more cautious spending patterns focused on essential purchases.
Online sales rose by 1.3%, reflecting the continued shift toward e-commerce.
On a yearly basis, retail sales increased by 3.9%, the largest annual rise since February 2022, exceeding the forecasted 3.2%.
For Q3 2024, retail sales increased by 1.9% compared to the previous quarter, indicating strength in the retail sector despite challenges in specific categories.
Read more about the UK’s retail trends and economic outlook on our blog.
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