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UK: Inflation peaked? – ANZ

UK October CPI undershot expectations coming in unchanged at 3.0% y/y, with core dipping to 2.7% y/y, notes the research team at ANZ.

Key Quotes

“Of the components, 27% saw price falls and the largest index component – housing, water, electricity, gas and other fuels (which has a 29.4% weight) – only rose a paltry 0.1% m/m. The BoE expects that UK inflation should be peaking around now, so the fact that it may be doing so below levels the BoE anticipated may point to a very gradual and shallow tightening cycle.”

AUD/USD hangs near 4-month lows, below 0.7600 handle

   •  Tumbles to over 4-month lows on weaker wage-growth data.    •  Fails to benefit from broad-based USD weakness/sliding US bond yields.    •  Fo
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Top Asia fund manager: This stock selloff is a time to buy – BBG

Alan Richardson, who oversees about $446 million for Samsung Asset Management Ltd. in Hong Kong, said in an interview with Bloomberg, the four-day dec
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