Abstract:The London-based global banking giant seems to have had success with cost cutting and growing its key Asian businesses. Market closures may have blunted the results effects
HSBC Results, US Nonfarm Payrolls, Asian Stocks Talking Points:
汇丰银行业绩,美国非农就业人数,亚洲股市谈话要点:
HSBC posted a healthy profit rise
汇丰银行发布健康报告利润上升
Asian stocks failed to reap much benefit
亚洲股市未能获得多大利益
Australian building approval data were more disappointing
澳大利亚建筑审批数据更令人失望
Find out what retail foreign exchange investors make of your favorite currencys chances right now at the DailyFX Sentiment Page
了解当前零售外汇投资者在DailyFX Sentiment Page
Crowd-pleasing results from global banking titan HSBC, which is listed in Hong Kong, New York and London, failed to lift the spirits of an Asian equity session which was becalmed by the outage of Japanese and mainland Chinese markets for holiday.
全球银行业巨头汇丰(HSBC)在香港,纽约和伦敦上市,令人满意的结果未能提振亚洲股票交易所的精神,因为日本的中断和中国大陆的假期市场。
HSBC‘s profit rose 31% in the year’s first quarter, well ahead of expectations, boosted by a big rise in its core Asian business and some successful cost cutting. Profit before tax at the largest European-based bank rose to $6.2 billion from 4.76 billion in the same quarter last year, HSBC said in a stock exchange filing. Analyst expectations had centered on a $5.58 billion turnout.
汇丰的第一季度利润增长了31%,远远超出预期,其核心亚洲业务和一些业务大幅增长成功削减成本。汇丰银行在一份证券交易所的文件中表示,这家欧洲最大银行的税前利润从去年同期的47.6亿美元上升至62亿美元。分析师的预期集中在55.8亿美元的投票率上。
The result might spread more cheer in Europe, where more markets will be open, but it had little impact in Asia. The Hang Seng was flat, with Australias ASX up 0.2%.
结果可能会在欧洲更加欢呼,其中更多的市场将开放,但它对亚洲的影响不大。恒生指数持平,澳大利亚ASX指数上涨0.2%。
The latter may have been boosted by expectations that the Reserve Bank of Australia could cut its record-low interest rates next week after a long hiatus. On Friday Australian building approval data came in markedly weakly, the latest in a string of lackluster economic numbers. At present rate futures markets put the chance of a cut at 44%, below 50% clearly but far higher than at this time before any recent policy meeting.
后者可能受到澳大利亚储备银行可能下周削减其创纪录低利率的预期提振经过长时间的中断。上周五,澳大利亚建筑许可数据明显疲软,这是经济数据疲弱的最新数据。目前利率期货市场将降息的可能性降至44%,明显低于50%,但远高于此次政策会议之前的时间。
AUD/USD has now faded back to the lows of early January.
澳元/美元现已开始褪色回到1月初的低谷。
The Aussie is clearly still under some duress but further decisive moves may well await the RBAs decision. It will come on Tuesday.
澳大利亚显然仍处于一定程度的胁迫之中可能正在等待罗马三机构的决定。它将于周二公布。
Currency markets elsewhere were broadly steady before the release of official US labor market statistics. Still arguably the most important single data point for global markets out of the monthly round, they will be released later. Nonfarm payrolls are expected to have increased by a probably-comforting 190,000 in April, for an unchanged unemployment rate of 3.8%. As-expected data could give Asia Pacific stocks a lift as next week gets under way, but this may be tempered by worries that US interest rates may yet rise further given the strength of the worlds largest economy overall.
在美国官方劳动力市场统计数据公布之前,其他地区的货币市场基本稳定。仍然可以说是月度轮次中全球市场最重要的单一数据点,它们将在稍后发布。预计非农就业人数将在4月份增加190令吉,而失业率为3.8%。由于预期数据可能会让亚太股市在下周开始上涨,但考虑到全球最大经济体的整体实力,美国利率可能会进一步上升,这可能会缓和这一点。
Clearly market focus is going to be firmly on those US payroll numbers but theyre by no mains alone on the data slate. Consumer Price Index releases from Switzerland and the Eurozone are also due, as are service sector Purchasing Mangers Indexes from the US and UK. The US version of the latter from the Institute for Supply Management is coming up as well.
显然,市场关注的焦点将放在那些美国的工资单数据上,但他们并没有单独关注数据。瑞士和欧元区的消费者价格指数也将到期,美国和英国的服务业采购经理人指数也将到期。来自供应管理协会的后者的美国版也将出现。
--- Written by David Cottle, DailyFX Research
--- David Cottle撰稿,DailyFX Research
The aftermath of the Japanese yen's strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark. The dollar index (DXY) has fallen to its lowest level since March, hovering above the $103 mark.
This week's economic events include: Japan's Monetary Policy Minutes and U.S. Services PMI on Monday, impacting JPY and USD. Tuesday's RBA Interest Rate Decision affects AUD, with German Factory Orders influencing EUR. Wednesday sees German Industrial Production and U.S. Crude Inventories impacting EUR and USD. Thursday: RBA Governor speaks, with U.S. Jobless Claims. Friday: China's CPI and Canada's Unemployment Rate affect CNY and CAD.
As we approach the Nonfarm Payroll (NFP) report on August 2, 2024, market participants are keenly observing the data for insights into the U.S. labor market. The report is expected to show an increase of 194,000 to 206,000 jobs for July, indicating modest growth. This suggests potential softening in the labor market. A weaker-than-expected report could prompt the Fed to consider rate cuts, influencing the USD. Major currency pairs and gold prices will likely see volatility around the NFP release
This week, key economic events expected to generate high volatility include China's Q2 GDP and retail sales data, impacting CNY. The US will release Core Retail Sales and Philadelphia Fed Manufacturing Index, affecting USD. The UK's CPI data will influence GBP, and the ECB Interest Rate Decision and Press Conference will impact EUR. These events will drive significant market movements due to their influence on monetary policy and economic outlooks.