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Mizuho Financial Group has halved its full-year forecast. Although Peter Hoflich, associate editor at The Asian Banker sees more Japanese financials doing the same, he remains upbeat on their expansion plans. He tells CNBC’s Amanda Drury & Adam Bakhtiar why. He also gives his take on South Korean banks.
(CEP News) - An unexpected decline in the Japanese unemployment rate was played down by economists, who say the overall outlook for Japan’s labour market is dismal.
(CEP News) - Japanese inflation will fall slightly in September after recent declines in commodity prices, economists say, although some were quick to note inflation remains high. The CPI report is due out from the Ministry of Internal Affairs and Communications Friday morning (Thursday night EDT).
FXCM Holdings, LLC has released its most recent balance sheet, reporting record levels of operating cash and firm capital. The numbers reflect the group’s financial strength and status as of September 30, 2008. Highlights of the (unaudited) balance sheet include: Over $172 Million In Operating Cash (excludes client funds); Over $138 Million In Capital (assets [...]
(CEP News) - The Federal Reserve does not want to disappoint markets and add unneeded volatility, said market strategists who expect the fed to stick with market expectations of at least a 50bps cut at tomorrow’s FOMC rate announcement.
The long term deleveraging process is not enough to turn the yen around, believes Meg Browne, senior currency strategist at Brown Brothers Harriman. She gives her take on the currency’s recent rise, with CNBC’s Karen Tso & Sri Jegarajah.
(CEP News) - A consensus forecast is calling for Japanese industrial production to recover to +0.3% month over month in September, after August saw a 3.5% drop. Still, not all economists agree with the forecast.
Japan is more likely to intervene in the currency markets, to try and weaken the yen, than cut interest rates further, Jeffrey Halley from Saxo Capital Markets told CNBC Tuesday.
(CEP News) - Japanese retailers are expected to have suffered from Japan’s slumping economy in September, with economists forecasting annual sales to come in flat after August saw a 0.7% increase, according to a consensus estimate.
(CEP News) - The United States was the main focus of the early morning on Thursday, as claims for unemployment benefits were higher than anticipated and former Federal Reserve Chairman Alan Greenspan testified that the current credit crisis is a “once-in-a century credit tsunami.” Late in the morning, Bank of Canada Governor Mark Carney held [...]