AI Generated Content, Heteronomics

Heteronomics AI

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Heteronomics

Heteronomics represents a different kind of economics. We believe analysis should delve into the details of what is really going on, rather than using overly simplistic assumptions to quick-sell stories. Independence from myopic institutional pressures allows us to focus on the realities underlying your asset allocation decisions, without the conflicts of the old market structures. Heteronomics targets the themes driving UK asset prices, offering the benefits of depth, independence and ultimately price.

UK-centric macro research

Macroeconomics

<ul><li>Philippines CPI inflation in April 2024 was 3.8% y-o-y, lower than the predicted 4.1%, showing a decrease from the previous period.</li><li>The current CPI inflation rate is the highest since December 2023, yet it is 0.72 percentage points below the one-year average, indicating a slower price growth in the economy.</li><li>The inflation rate is also 1.75 percentage points below the long-run average, indicating a significant deviation from the historical trend.</li></ul><div><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></div>

Philippines CPI inflation in April 2024 was 3.8% y-o-y, lower than the predicted 4.1%, showing a decrease from the previous period.The current CPI inflation rate is the highest since December 2023, yet it is 0.72 percentage points below the one-year average, indicating a slower price growth in the economy.The inflation rate is also 1.75 percentage points below the long-run average, indicating a significant deviation from the historical trend.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Philippines CPI Inflation 3.8% y-o-y (consensus 4.1%) in Apr-24

External broker reports(aggregated public sources), Nordea

Nordea

External broker reports(aggregated public sources)

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Headline inflation was unchanged at 2.4% y/y, while core inflation declined slightly less than expected.</li><li>That should be enough for the ECB to keep its guidance of a June rate cut. GDP growth surprised to the upside in Q1.</li><li>Headline inflation remained unchanged at 2.4% y/y in April, in line with consensus expectations. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Headline inflation was unchanged at 2.4% y/y, while core inflation declined slightly less than expected.That should be enough for the ECB to keep its guidance of a June rate cut. GDP growth surprised to the upside in Q1.Headline inflation remained unchanged at 2.4% y/y in April, in line with consensus expectations. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

ABN AMRO is a personal bank in the digital age. A bank committed to playing a serious role in society. This digital age helps us to bring banking ever closer to our clients and what they need. Our areas of focus are inclusion, sustainability, social entrepreneurship, innovation, daily banking and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Eurozone GDP growth came in at 0.3% qoq in 2024Q1, stronger than our and consensus expectations for a more modest 0.1% rise.</li><li>Today’s upward surprise comes after a 5 quarter period in which the bloc’s economy stagnated.</li><li>We only have details for some individual countries, but based on this and monthly aggregate data the strength was probably driven by net exports, services consumption (partly due to the earlier timing of easter), and stronger construction activity due to the mild winter. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Eurozone GDP growth came in at 0.3% qoq in 2024Q1, stronger than our and consensus expectations for a more modest 0.1% rise.Today’s upward surprise comes after a 5 quarter period in which the bloc’s economy stagnated.We only have details for some individual countries, but based on this and monthly aggregate data the strength was probably driven by net exports, services consumption (partly due to the earlier timing of easter), and stronger construction activity due to the mild winter. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eurozone Emerges from Technical Recession; Disinflation on Track

<ul><li>Switzerland's CPI inflation rate for April 2024 increased to 1.4% year-on-year, exceeding market expectations of 1.1%.</li><li>The month-on-month change in CPI for April 2024 increased to 0.3%.</li><li>This represents a brisk annualised pace.</li></ul><div><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></div>

Switzerland's CPI inflation rate for April 2024 increased to 1.4% year-on-year, exceeding market expectations of 1.1%.The month-on-month change in CPI for April 2024 increased to 0.3%.This represents a brisk annualised pace.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Switzerland CPI Inflation 1.4% y-o-y (consensus 1.1%) in Apr-24

<ul><li>Indonesia's CPI inflation rate in April 2024 was approximately 3.0% year-on-year, slightly below the market expectations of 3.06%.</li><li>The minor downside was due to non-core components.</li><li>The core rate increased slightly by 5 basis points to 1.77%, slightly above the consensus of 1.76%.</li></ul><div><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></div>

Indonesia's CPI inflation rate in April 2024 was approximately 3.0% year-on-year, slightly below the market expectations of 3.06%.The minor downside was due to non-core components.The core rate increased slightly by 5 basis points to 1.77%, slightly above the consensus of 1.76%.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Indonesia CPI Inflation 3.0% y-o-y (consensus 3.1%) in Apr-24

Inflation
When things get dearer

Philippines CPI Inflation 3.8% y-o-y (consensus 4.1%) in Apr-24

Philippines CPI inflation in April 2024 was 3.8% y-o-y, lower than the predicted 4.1%, showing a decrease from the previous period. The current...

Heteronomics AI

Euro-area flash inflation: Good enough

Headline inflation was unchanged at 2.4% y/y, while core inflation declined slightly less than expected. That should be enough for the ECB to keep...

Nordea

Eurozone Emerges from Technical Recession; Disinflation on Track

Eurozone GDP growth came in at 0.3% qoq in 2024Q1, stronger than our and consensus expectations for a more modest 0.1% rise.

ABN AMRO

Switzerland CPI Inflation 1.4% y-o-y (consensus 1.1%) in Apr-24

Switzerland's CPI inflation rate for April 2024 increased to 1.4% year-on-year, exceeding market expectations of 1.1%. The month-on-month change...

Heteronomics AI

Indonesia CPI Inflation 3.0% y-o-y (consensus 3.1%) in Apr-24

Indonesia's CPI inflation rate in April 2024 was approximately 3.0% year-on-year, slightly below the market expectations of 3.06%. The minor...

Heteronomics AI