RANsquawk EU Open Rundown 02.11.17
02 Nov 2017, 07:07
- FOMC held rates between 1.00%-1.25%, as expected. FOMC stated that activity is rising at a "solid rate" despite hurricanes
- USD weakened across the board after reports that Trump intends to pick Powell as the next Fed Chair
- Looking ahead, highlights include Eurozone Mfg. PMIs, UK Construction PMI, BoE Rate Decision and QIR, Fed’s Powell, Dudley and...
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PREVIEW: BoE November Rate Decision, Minutes Release & Quarterly Inflation Report (QIR)
01 Nov 2017, 12:47
1200GMT/0700CDT, Press Conference at 1230GMT/0730CDT
- Current BoE Base Rate: 0.25%, Asset Purchase Facility: GBP 435bln.
- The MPC is expected to raise its base rate by 25bps to 0.5% with markets believing that recent data is enough to support calls for lift-off.
- This meeting sees the release of the decision itself, the vote split and the minutes, alongside the central bank’s Quarterly...
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RANsquawk EU Open Rundown 1.11.17
01 Nov 2017, 06:55
- Asian equity markets began November mostly on the front-foot led by the Nikkei 225 (+1.95%) as exporters benefited from a weaker JPY
- NZD outperformed after better than expected Employment Change and decline in the Unemployment Rate
- Looking ahead, highlights include UK Manufacturing PMI, ADP employment change, ISM manufacturing, DoEs and FOMC rate decision ...
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FOMC November 2017 Monetary Policy Decision Preview
31 Oct 2017, 15:04
FOMC Monetary Policy Decision Preview Due On 1st November 2017 At 18:00 GMT, 1400 EDT, 1300 CDT
- Fed Chair announcement set to overshadow FOMC meeting.
- All of those surveyed expected the FOMC to leave its monetary policy settings unchanged this time out.
- Markets are almost fully pricing in a 25bps hike in...
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RANsquawk EU Open Rundown 31.10.17
31 Oct 2017, 06:53
- BoJ maintained QQE with Yield Curve Control and kept NIRP unchanged at -0.1% as expected
- A cautious tone persisted in Asia as the region digested softer than expected Chinese PMI data and a dampened lead from the US
- Looking ahead, highlights include Eurozone GDP, APIs. German equities closed for Reformation Day
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RANsquawk EU Open Rundown 30.10.17
30 Oct 2017, 06:54
- Asian equity markets were slightly mixed amid a deluge of earnings and with the region tentative at the start of a risk-packed week
- The greenback pared some of the gains from Friday’s strong US GDP numbers which marginally benefitted its counterparts
- Looking ahead, highlights include regional German CPIs, US PCE and personal consumption
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RANsquawk Weekly G10 Central Bank Monitor: Fed Chair news to overshadow FOMC meet, BOE may hike for the first time in a decade
27 Oct 2017, 19:25 by Newsquawk Desk
- FED: Fed chair announcement to overshadow FOMC meeting
- ECB: Draghi pulls-off magic act
- BOE: MPC to hike for the first time in a decade
- BOJ: Policy meeting likely to be a snooze fest
- BOC: Cautious BOC enters data-dependent mode
- RBA: Cyclical upswing still missing
- RBNZ: Labour market data to do little to sway RBNZ
- Norges Bank: Move on, nothing...
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Week In Focus: Will Carney Become A More Reliable Boyfriend? FOMC Expected To Stand Pat With NFP’s Set To Bounce Back From The Hurricanes
27 Oct 2017, 18:25 by Samuel Indyk
Key Events: -
Monday:
Tuesday: Eurozone CPI (Oct, P), Eurozone GDP (Q3, P)
Wednesday: Federal Reserve MonPol Decision, New Zealand Labour Market Report (Q3)
Thursday: BoE MonPol Decision
Friday: US Labour Market Report (Oct) Canadian Labour Market Report (Oct), UK Services PMI...
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RANsquawk EU Open Rundown 27.10.17
27 Oct 2017, 06:59
- Asia-Pac equities traded mostly higher following strong tech earnings in the US. ASX lagged after political difficulties in Australia
- ECB sources suggest that the extension of the PSPP will be subject to a swift taper at the end of next year
- Looking ahead, highlights include US GDP, PCE, and ECB’s Praet
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RANsquawk EU Open Rundown 26.10.17
26 Oct 2017, 06:52
- Asian equities traded with little in the way of firm direction as markets await today’s crucial ECB announcement
- In FX, USD remained weaker to the benefit of its major counterparts with FX markets otherwise contained
- Looking ahead, highlights include the ECB, Norges Bank and Riksbank rate decisions, US Trade, Weekly Jobs
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RANsquawk EU Open Rundown 25.10.17
25 Oct 2017, 06:57
- AUD/USD slid following softer than expected Australian Q3 CPI in which all components of the release missed estimates
- Asian equities were mostly higher in what was once again a relatively quiet session overnight ahead of key risk events today
- Looking ahead, highlights include German IFO, UK GDP, US Durables, New Home Sales, BoC, DoEs, German 10yr and US 5yr...
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Bank of Canada Monetary Policy Decision Preview - October 2017
24 Oct 2017, 15:31
Due On Wednesday 25th October 2017 At 15:00 BST, 10:00 EDT, 09:00 CDT
The majority expects the BoC to stand pat when it issues its monetary policy decision on Wednesday, with only two of the 31 surveyed looking for a 25bps hike, following back-to-back 25bps hikes, which have left the BoC’s policy rate sitting at 1.00%.There are several key points supporting the argument that rates will be kept on hold: -- The 50bps...
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RANsquawk EU Open Rundown 24.10.17
24 Oct 2017, 06:54
ASIAAsia equity markets traded with modest gains in what was a quiet and rangebound trading session amid a lack of drivers. Nonetheless, the regional bourses have sspanugged off the weak performance by their US counterparts which pulled back from record levels, with ASX 200 (Unch.) indecisive and Nikkei 225 (+0.2%) mildly positive after the index recovered from early weakness triggered by a firmer JPY to print fresh 21-year...
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RANsquawk EU Open Rundown 23.10.17
23 Oct 2017, 06:58
- Nikkei 225 outperforms after PM Abe wins a supermajority at Sunday’s election.
- Spanish PM Rajoy invokes article 155 to dissolve Catalan government.
- Looking ahead, highlights include UK CBI Trends and US National Activity Index.
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Week In Focus: D-Day For ECB, Although Focus Also Falls On The BoC, Will They Make it 3 Hikes In A Row?
20 Oct 2017, 17:31 by Samuel Indyk
Key Events: -
Monday:
Tuesday:
Wednesday: BoC MonPol Decision, UK GDP (Q3, A), Australia CPI (Q3), US Durable Goods (Sep)
Thursday: ECB MonPol Decision, Riksbank MonPol Decision, Norges Bank MonPol Decision
Friday: US GDP (Q3, A), Japan CPI (Sep)
Weekend...
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RANsquawk EU Open Rundown 20.10.17
20 Oct 2017, 06:55
Asia equity markets traded with a modest tone amid a very light calendar and mixed US lead, although risk appetite was spurred in US equity futures after the senate voted to adopt the budget resolution which paves the way for a tax overhaul. ASX 200 (+0.2%) pared initial losses amid a recovery in the largest weighted financials sector, while Nikkei 225 (Unch.) failed to benefit from JPY weakness with underperformance seen in Toshiba amid financial-related probes and Nissan after reports it halted some...
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RANsquawk EU Open Rundown 19.10.17
19 Oct 2017, 07:08
- Chinese GDP slows for Q3, while solid Australian jobs data briefly supports AUD.
- NZD underperforms following decision by New Zealand First Party Leader Peters who chooses to back The Labour Party.
- Looking ahead, highlights include UK Retail Sales, US Weekly Claims and Philly Fed Index.
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RANsquawk EU Open Rundown 18.10.17
18 Oct 2017, 06:58
- Asian equity markets modestly higher following the positive close on Wall Street in which the DJIA touched 23,000 for the first time
- CAD and MXN notably firmer after NAFTA ministers agreed to extend negotiations into 2018.
- Looking ahead, highlights include UK Jobs report, US Housing Starts and comments from ECB’s Draghi, Praet and Coeure.
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RANsquawk EU Open Rundown 17.10.17
17 Oct 2017, 06:56
- Another record close in the US spurs buying in Asian equities
- NZD initially lifted by firmer CPI, however political concerns capped gains
- Looking ahead, highlights include UK CPI, German ZEW
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RANsquawk EU Open Rundown 16.10.17
16 Oct 2017, 07:04
- Asian equity markets begin the week in the green with the region bolstered by Chinese data
- Risk on tone sees outflows in JPY
- Looking ahead, highlights include US NY Fed Manufacturing.
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Week In Focus: Politics Remain Front & Centre, Although Chinese GDP, RBA Minutes, As Well As UK & Canadian Data All Provide Points Of Note
13 Oct 2017, 20:43 by Samuel Indyk
Week In Focus: Politics Remain Front & Centre, Although Chinese GDP, RBA Minutes, As Well As UK & Canadian Data All Provide Points Of Note
Key Events: -
Monday: BoC Business Outlook Survey, New Zealand CPI (Q3)
Tuesday: UK CPI (Sep), Deadline For The Catalan Gov’t To Announce Its Stance On Independence, RBA Meeting Minutes ...
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RANsquawk EU Open Rundown 13.10.17
13 Oct 2017, 06:57
- Asian equities traded broadly higher. Upside was capped following the latest mixed Chinese trade figures
- USD mildly weakened across the board as DXY gave up the 93.00 level ahead of a slew of tier 1 US data
- Looking ahead, highlights include US CPI, retail sales, business inventories, Uni. of Michigan and a slew of central bank speakers
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RANsquawk EU Open Rundown 12.10.17
12 Oct 2017, 06:58
- FOMC’s minutes stated that many policymakers felt another rate increase was likely warranted in 2017 despite debate on causes of low inflation
- Asian equities traded mostly higher following further record US closes. USD broadly weaker against its majors post-FOMC
- Looking ahead, highlights include weekly jobs data, US PPI, DoEs and a slew of central bank speakers
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RANsquawk EU Open Rundown 11.10.17
11 Oct 2017, 06:54
- Catalan President Puigdemont announced that he had received the mandate to pursue independence from Spain but said it would not be implemented for a few weeks
- Asian equities traded broadly higher following a positive Wall St close. USD nursed losses against majors overnight
- Looking ahead, highlights include US JOLTS, FOMC minutes, Fed’s Evans, Williams and ECB’s...
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RANsquawk EU Open Rundown 10.10.17
10 Oct 2017, 06:56
- The Greenback weakened overnight amid gains across its major counterparts and EM currencies, with AUD and NZD mildly supported
- Asian equities put in a mixed performance overnight with the KOSPI the outperformer in a catch-up play
- Looking ahead, highlights include UK production numbers, Fed’s Kashkari and Kaplan