Eamonn Sheridan

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Central Banks
Bank of Japan boj yen jpy 25 September 2025 hokusai
Central Banks

Japan’s early 2026 wage signals strengthen case for BOJ rate hike

  • Early signs point to strong 2026 wage demands in Japan, bolstering expectations for a BOJ rate hike. Major unions seek 5%+ increases despite tariff pressures, while tight labour markets and resilient profits support further pay gains. Ueda speaks Dec. 1.
Central Banks
Trump Powell
Central Banks

WSJ’s Timiraos: New Fed chair may struggle to deliver Trump’s desired rate cuts

  • Timiraos’s analysis suggests markets may be overestimating how quickly a new Fed Chair could steer monetary policy, reinforcing uncertainty around long-term rate paths and stressing the importance of FOMC composition.
Stock market update
copper
Stock market update

UBS: AI and tech to power global equity gains through 2026

  • UBS’s upbeat stance reinforces a pro-risk positioning bias, supporting tech, Asia equities and cyclical commodities while signalling continued global rotation toward AI-aligned growth sectors.
Central Banks
pboc cny yuan note 24 September 2025 6
Central Banks

PBOC sets USD/ CNY reference rate for today at 7.0847 (vs. estimate at 7.1162)

  • PBOC CNY reference rate setting for the trading session ahead.
Stock market update
Sleek humaniod robots
Stock market update

Goldman Sachs projects AI $8tn payoff, cautions its largely priced in US equity valuations

  • Goldman’s view suggests high US equity valuations could constrain future returns, reinforcing a relative value case for non-US markets and tempering the AI-driven exuberance behind US mega-cap tech.
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