Week In Focus: Politics, NFP’s, BoC & Aussie GDP Headline The Week
01 Dec 2017, 18:04 by Samuel Indyk
Key Events: -
Monday: UK PM May To Meet EU’s Juncker & Barnier
Tuesday: UK Services PMI (Nov), RBA MonPol Decision ...
RANsquawk EU Open Rundown 01.12.17
01 Dec 2017, 06:57
- Asia equity markets were choppy as the region counterbalanced the momentum from the record highs on Wall St. with disappointing Chinese Caixin Manufacturing PMI data
- WTI crude was stable overnight and mildly nursed some of the losses from the prior session, where prices were dampened by the OPEC announcement ...
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RANsquawk EU Open Rundown 30.11.17
30 Nov 2017, 06:55
- Asia stock markets were mostly negative as the tech-sell off on Wall St. dampened sentiment in the region and overshadowed better than expected Chinese PMI data
- UK is reportedly close to a deal regarding Northern Ireland, with officials said to predict an agreement within weeks
- Looking ahead, highlights include German jobs report, Eurozone CPI, personal income, Chicago PMI, ECB’s Mersch, Praet and Fed’s...
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RANsquawk EU Open Rundown 29.11.17
29 Nov 2017, 06:56
- GBP/USD held firmly above the 1.3300 level following reports the UK and EU reached an agreement on the size of the Brexit divorce bill
- The Senate Budget Committee approved the Republican tax reform plan which will now go to the Senate floor to be voted on
- Looking ahead, highlights include regional and national German CPI, US GDP, DoE’s and a slew of central bank...
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RANsquawk EU Open Rundown 28.11.17
28 Nov 2017, 06:54
- Asian stocks were downbeat on what was a choppy session amid a lack of drivers
- FX trade very quiet amid a lack of data releases and after Fed speakers failed to spur a sustained impact on prices
- Looking ahead, highlights include BoE Stress Test Results, US Wholesale Inventories, BoE’s Carney, Fed’s Dudley, Powell and Harker
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RANsquawk EU Open Rundown 27.11.17
27 Nov 2017, 06:56
- Asian equities traded mostly lower despite Friday’s firmer close on Wall Street
- In FX, commodity-linked currencies were mildly pressured as WTI crude pulled back from USD 59/bbl, which also coincided with the broad China-led weakness
- Looking ahead, highlights include US New Home Sales
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Week In Focus: OPEC/Non-OPEC Summit & Canadian Data Provide This Week’s Focal Points
24 Nov 2017, 18:42 by Samuel Indyk
Key Events: -
Monday:
Tuesday: BoC Financial System Review
Wednesday:
Thursday: OPEC/Non-OPEC Summit, US Core PCE (Oct)
Friday: Canadian GDP (Q3), Labour Market Report (Nov)
North America: -
Wednesday...
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RANsquawk EU Open Rundown 24.11.17
24 Nov 2017, 06:54
- Asian equities traded with little in the way of firm direction with the Shanghai Comp. unable to stage any major recovery from yesterday’s sell-off
- FX trade mostly resumed the consolidation observed during the Thanksgiving US market closure
- Looking ahead, highlights include German IFO, ECB’s Coeure and Constancio
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RANsquawk EU Open Rundown 23.11.17
23 Nov 2017, 06:56
- FOMC minutes stated that concerns about inflation were widely shared with little else in the way of new information
- A mixed tone was observed in Asia with the region indecisive amid holiday-quietened trade, in which Japan observed a national holiday
- Looking ahead, highlights include Eurozone PMIs, UK GDP, ECB’s Praet, Coeure and US Thanksgiving
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RANsquawk EU Open Rundown 22.11.17
22 Nov 2017, 06:55
- Asia equity markets were higher across the board as the regional bourses received a lift from their US counterparts
- Crude prices bolstered by the latest API report which showed a larger than expected drawdown and the largest draw in 3 months
- Looking ahead, highlights include the UK budget, US durables, weekly jobs, DoEs, FOMC minutes and Baker...
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RANsquawk Preview: UK Budget due 22nd November at 1230GMT/0630CST
21 Nov 2017, 14:07
- UK Chancellor Hammond not expected to announce a wave of ‘give-aways’ due to future post-Brexit uncertainty
- OBR expected to downgrade productivity and growth projections, upgrade inflation projections
- Gilt issuance is anticipated to fall to GBP 113.4bln (as surveyed by Reuters) against the DMO’s April projection of GBP 114.2bln
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RANsquawk EU Open Rundown 21.11.17
21 Nov 2017, 06:55
- Asian equity markets were higher across the board as the region took the impetus from the mostly positive close on Wall St
- UK press reports suggest that Johnson and Gove now agree that Britain should increase its Brexit divorce bill offer above GBP 20bln
- Looking ahead, highlights include US existing home sales, APIs, ECB’s Coeure and Fed’s...
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RANsquawk EU Open Rundown 20.11.17
20 Nov 2017, 06:57
- Political uncertainty from subpoenas on Trump campaign staff and a breakdown in German coalition talks hampered sentiment overnight
- EUR took the brunt of the political concerns in Germany with EUR/USD retreating further below 1.1800, while EUR/GBP gave up the 0.8900 handle
- Looking ahead, highlights include potential comments from ECB’s Lautenschlaeger, Draghi and...
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RANsquawk EU Open Rundown 17.11.17
17 Nov 2017, 06:56
- USD dips following WSJ reports suggesting that US Special Counsel Mueller has issued a Subpoena for Russia-related documents from Trump campaign officials.
- Asian equities pulled back from better levels amid reports that North Korea conducts aggressive work on construction of a ballistic missile submarine.
- Looking ahead,...
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RANsquawk EU Open Rundown 16.11.17
15 Nov 2017, 07:01
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RANsquawk EU Open Rundown 14.11.17
14 Nov 2017, 07:02
- Reports suggest that UK Brexit Secretary Davis told business leaders that there is a 50-50 Chance of a deal in December
- The AUD benefitted from a record NAB Business Conditions print in the latest survey which saw the currency pare some of its losses vs. the USD
- Looking ahead, highlights include German GDP, UK inflation, US PPI, APIs and a slew of central bank...
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RANsquawk EU Open Rundown 13.11.17
13 Nov 2017, 07:00
- Asian indices were mixed, with no fresh catalyst for a decisive move
- GBP was the underperformer in the major space as source pieces suggested as many as 40 MP’s are pressuring UK PM May to resign
- Today’s main highlight is potential comments from ECB’s Constancio
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RANsquawk Week In Focus: US CPI & UK Data Steal The Limelight
10 Nov 2017, 17:44 by Samuel Indyk
Key Events: -
Monday:
Tuesday: UK Inflation Data (Oct) Japanese GDP (Q2, P)
Wednesday: US CPI (Oct) US Retail Sales (Oct) UK Labour Market Report (Sep/Oct)
Thursday: UK Retail Sales (Oct) Australian Labour Market Report (Oct) ...
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RANsquawk EU Open Rundown 10.11.17
10 Nov 2017, 06:55
- Asian equities are set to close out the week in the red with risk sentiment dented by US tax doubts
- AUD slipped post the RBA’s SOMP (Statement On Monetary Policy), in which the central bank cut their inflation outlook
- Looking ahead, highlights include UK production numbers, Uni. Of Michigan
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RANsquawk EU Open Rundown 09.11.17
09 Nov 2017, 06:56
9th November 2017
- Risk on sentiment had been in full swing in Asia as stocks continued to edge higher at the beginning of the session, before later paring initial advances
- NZD at better levels after the RBNZ monetary policy decision, where the central bank kept the OCR at 1.75% as expected
- Looking ahead, highlights include US weekly jobs, ECB’s Coeure, Mersch, Lautenschlaeger...
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RBNZ Monetary Policy Decision Preview - November 2017
08 Nov 2017, 11:59
RBNZ OCR Review and Monetary Policy Statement due on Wednesday 8th November 2017 at 2000 GMT, 1400 CT
- The RBNZ is likely to leave its Official Cash Rate unchanged at 1.75%
- Uncertainty is rife following the recent General Election, which saw a new coalition come in to power
- As a result, few expect anything too concrete from the central bank this time...
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RANsquawk EU Open Rundown 08.11.17
08 Nov 2017, 06:59
- Asian equities traded mixed with profit taking initially dragging down major bourses, while the rally in commodities ran out of steam
- USD/JPY marginally lower amid the slight slip in US yields. Antipodean currencies performed a tad better against the greenback
- Looking ahead, highlights include DoEs, BoE’s McCafferty and Carney
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RANsquawk EU Open Rundown 07.11.17
07 Nov 2017, 06:55
- Asian bourses traded higher across the board amid a positive Wall St close with energy names leading the charge
- RBA stood pat on rates as expected. RBNZ act looks to maximise employment as a goal
- Looking ahead, highlights include US APIs, ECB’s Draghi, Lautenschlaeger and Fed’s Yellen
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RANsquawk EU Open Rundown 06.11.17
06 Nov 2017, 07:07
- Asian bourses begin the week on the backfoot, while oil prices rise on Saudi Royal Purge
- USD/JPY rises to highest level since March as Trump criticises Japan’s trade practises with the US, alongside BoJ jawboning
- Looking ahead, highlights include Eurozone PMI, comments from ECB’s Praet and Mersch as well as Fed’s Dudley
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RANsquawk EU Open Rundown 03.11.17
03 Nov 2017, 06:56
- Asian equities saw little in the way of firm direction overnight amid light newsflow and Japan away from market
- AUD was the main mover in FX markets during Asia-Pac hours with AUD/USD slipping below 0.77 following soft retail sales
- Looking ahead, highlights include US NFP, ISM Non-Manufacturing, ECB’s Coeure and Fed’s Kashkari