RANsquawk EU Open Rundown 19.09.17
19 Sep 2017, 07:04
Asian equity markets traded with a cautious tone as the FOMC draws closer and after the region failed to maintain the early impetus from USFX trade was relatively tentative overnight. GBP/USD nursed yesterday’s Carney-inspired losses while CAD was hampered by comments from BoC’s LaneLooking ahead, highlights include German ZEW, NZ Dairy Auction and US APIsASIAAsia equity markets traded with a cautious tone as the FOMC draws closer and after the region failed to maintain the early...
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RANsquawk EU Open Rundown 18.09.17
18 Sep 2017, 06:58
Asian equities traded higher (Japan away from market) following a strong close in the US on FridayIn FX, USD/JPY and JPY-crosses extended on last week’s upside as the positive risk sentiment spurred further outflows from the safe-haven JPYLooking ahead, highlights include Eurozone CPI, ECB’s Lautenschlaeger, BoE’s Carney and BoC’s Lane ASIAAsia equity markets began the week on the front foot after last Friday’s gains in US, where all majors eked fresh record levels and the...
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WEEK IN FOCUS: Fed & BoJ Set To Convene, With Eyes On German & NZ Elections
15 Sep 2017, 17:58 by Samuel Indyk
WEEK IN FOCUS: Fed & BoJ Set To Convene, With Eyes On German & NZ Elections
Key Events: -
Monday:
Tuesday: RBA Meeting Minutes
Wednesday: FOMC Monetary Policy Decision, UK Retail Sales (Aug)
Thursday: BoJ MonPol Decision, New Zealand GDP (Q2), Norges Bank MonPol Decision ...
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RANsquawk EU Open Rundown 15.09.17
15 Sep 2017, 07:13
Asia equity markets traded mostly negative after North Korea launched a missile that flew tspanough Japanese airspaceThis prompted Japan to issue an emergency warning for its residents and South Korea conducted its own missile test as a show of readinessLooking ahead, highlight include the Russian rate decision, US retail sales, industrial output, Uni. of Michigan, ECB’s Mersch, BoE’s Vlieghe and ECB’s LautenschlagerASIAAsia equity markets traded mostly negative after North Korea...
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RANsquawk Quick Take: BoE Points To The “Next Few Months” As It Delivers A 7-2 Split To Remain On Hold
14 Sep 2017, 13:40
- MPC voted 7-2 in favour of keeping rates unchanged at 0.25%, as widely expected- MPC voted 9-0 in favour of maintaining the stock of corporate and government bond purchases.- Rhetoric was on the hawkish side, which was ultimately the driver of markets in the wake of the decision.- A Reuters weighted basket of interest rate swaps and futures is now fully pricing a hike for March of 2018 (August 2018 was fully...
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RANsquawk Quick Take: SNB Tweaks CHF Language, But The Dovish Message Is Reaffirmed Alongside A Cut In GDP Forecasts
14 Sep 2017, 09:27
The Swiss National Bank left its 3-month Libor target band unchanged at -1.25% to -0.25%, with the sight deposit rate left at -0.75%, in line with the universal consensus.The Full SNB statement is available here.All eyes were on the SNB’s rhetoric surrounding the CHF. The central bank tweaked its comments on the domestic currency stating that “recent development is reducing, to some...
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RANsquawk EU Open Rundown 14.09.17
14 Sep 2017, 06:56
Asian equities traded with little firm direction as markets awaited key data releases and central bank announcementsAUD was once again a key focus in FX markets as gains from the Australian jobs report were trimmed by disappointing Chinese dataLooking ahead, highlights include SNB and BoE rate decisions, US CPI, weekly jobs, ECB’s Mersch and WeidmannASIAAsia equity markets were lacklustre with a non-committal tone seen for most of the day after the cautious gains in the US and as...
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RANsquawk EU Open Rundown 13.09.17
13 Sep 2017, 06:56
Asian equities traded with little direction as the positive momentum from Wall Street was offset by weakness in Apple suppliersThe greenback remained subdued to the benefit of its major counterparts while AUD/USD put in a mixed performanceLooking ahead, highlights include UK jobs report, US PPI, DoEs, ECB’s Praet, German Bund, UK 10yr and US 30yr Bond AuctionASIAAsia equity markets traded mixed as the momentum from Wall St. was counterbalanced by weakness in Apple suppliers...
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RANsquawk EU Open Rundown 12.09.17
12 Sep 2017, 06:58
Asian bourses traded mostly higher once again with JPY weakness boosting Japanese exportersIn politics, UK Parliament passed the Brexit Bill and Norway’s ruling centre-right government won re-electionLooking ahead, highlights include UK CPI, potential comments from ECB’s Constancio and a US 10yr AuctionASIAThe positive momentum from the somewhat reduced North Korean concerns continued to drive stocks higher as Asia bourses traded mostly positive, which also followed a strong...
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RANsquawk EU Open Rundown 11.09.17
11 Sep 2017, 06:55
Asian equities were lifted after North Korea refrained from conducting a missile test over the weekendThe heightened risk appetite triggered outflows from safe-haven currencies JPY and CHF, in which USD/JPY rose firmly above 108.00Looking ahead, highlights include potential comments from ECB’s CoeureASIAAsia bourses began the week on the front-foot amid a relief rally after North Korea refrained from firing a missile over the weekend and instead launched a tirade of...
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RANSQUAWK WEEK IN FOCUS: BoE & SNB Headline, With Pyongyang Still Worrying Markets
08 Sep 2017, 17:47
Key Events: - Monday:Tuesday: UK Inflation Data (Aug)Wednesday: UK Labour Market Report (Jul/Aug)Thursday: Bank Of England Decision, SNB Decision, US CPI (Aug), Australian Labour Report (Aug), UK Retail Sales (Aug)Friday: Early sentiment is likely to be dictated by weekend events centring on North Korea. Saturday 9th September marks a national...
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RANsquawk EU Open Rundown 08.09.17
08 Sep 2017, 07:19
Asian equities saw little in the way of firm direction as the region digested Chinese trade and Japanese GDPUSD woes persisted overnight as Asia-Pac currencies took a swipe at the greenback which saw AUD/USD break above 0.8100Looking ahead, highlights include UK industrial and manufacturing output, Canadian jobs report and Fed’s HarkerASIAAsia equity markets traded mixed following similar indecisiveness in US and as the region digested a slew of economic releases including Japanese...
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RANsquawk Quick Take: ECB Kicks The Can Down The Road To October, Details Light, Time-Frame Narrowing
07 Sep 2017, 15:39
The European Central Bank left its monetary policy settings unchanged as expected. The main refinancing rate stands at 0.00%, while the deposit and marginal lending facility rates stand at -0.40% and 0.25% respectively. The pace of QE was confirmed at EUR 60bln per month and is scheduled to run until December “or beyond, if necessary.”The accompanying statement was a carbon copy of that issued in July’s (today’s...
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RANsquawk EU Open Rundown 07.09.17
07 Sep 2017, 06:55
Asian equities traded with little in the way of firm direction despite the positive Wall St. close after congress agreed to raise the debt ceilingAUD/USD was once again a key focus for markets as initial gains were trimmed by disappointing dataLooking ahead, highlights include Riksbank & ECB rate decisions, US weekly jobs and DoEsASIAAsia stock markets were mixed as the region somewhat failed to maintain the positive momentum from Wall St. where stocks gained after US President...
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RANsquawk Quick Take: Bank Of Canada Delivers “Surprise” 25bps Hike
06 Sep 2017, 15:59
The BoC defied the bulk of economists today, as it hiked its benchmark overnight rate by 25bps to 1.00%, the second consecutive meeting where the BoC has delivered such a move. Only 6 of the 33 surveyed in the latest Reuters Poll expected the BoC to tighten policy today while interest rate markets were pricing a 45% chance of such a move.In terms of the hike, the BoC was of the view that “today’s removal of some of the considerable monetary policy stimulus in place is warranted. Future monetary policy...
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RANsquawk EU Open Rundown 07.09.17
06 Sep 2017, 07:17
Asian equities traded with little in the way of firm direction despite the positive Wall St. close after congress agreed to raise the debt ceilingAUD/USD was once again a key focus for markets as initial gains were trimmed by disappointing dataLooking ahead, highlights include Riksbank & ECB rate decisions, US weekly jobs and DoEsASIAAsia stock markets were mixed as the region somewhat failed to maintain the positive momentum from Wall St. where stocks gained after US President...
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PREVIEW: Bank Of Canada Monetary Policy Decision
05 Sep 2017, 16:28
Due On Wednesday 6th September 2017 At 15:00 BST/09:00CDT
- The majority expects the BoC to leave its overnight rate unchanged at 0.75%. Only 6 of 33 surveyed expect the BoC to hike this time out, while the OIS curve prices in a 45% chance of a hike.
- A strong Q2 GDP release and the ensuing solid handover to Q3 has put a hike on the table at the upcoming decision.
- Many are still cautious...
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RANsquawk EU Open Rundown 05.09.17
05 Sep 2017, 06:54
Asian equities traded with little in the way of firm direction amid upbeat Chinese data and lingering geopolitical concernsRBA kept the Cash Rate Target unchanged as expected and noted slow income growthLooking ahead, highlights include Eurozone and UK service PMIs, US factory orders, Fed’s Brainard, Kashkari and KaplanASIAAsia equity markets traded with a mixed tone as the region mulled over encouraging Chinese PMI data and the lingering North Korea concerns. ASX 200 (-0.1%) and...
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RANsquawk EU Open Rundown 04.09.17
04 Sep 2017, 06:54
Asian equities were pressured amid reports of NK conducting its 6th nuclear test over the weekendThis bolstered the JPY across the board and saw USD/JPY gap lower by a point before gradually paring half its lossesLooking ahead, today sees a lack of notable highlights. US markets closed for Labor DayASIASentiment was dampened across the Asia-Pac region on increased geopolitical concerns after North Korea conducted its 6th nuclear test over the weekend, which it claimed was a...
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RANSQUAWK WEEK IN FOCUS: Central Banks Galore, Are The ECB Sources Correct? Will The BoC Hike Again Following A Stellar Q2?
01 Sep 2017, 19:54
Markets will be subject to lower liquidity on Monday owing to the labour day holiday in the US and Canada.Key Events: - Monday:Tuesday: RBA Monetary Policy Decision, UK Markit Services PMI (Aug)Wednesday: BoC Monetary Policy Decision, Australian GDP (Q2)Thursday: ECB Monetary Policy Decision, Riksbank Monetary Policy DecisionFriday: Canadian Labour Market Report (Aug),...
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RANsquawk EU Open Rundown 01.09.17
01 Sep 2017, 06:56
Asian equities have seen modest gains amid the positive Wall St. close and Chinese Caixin PMIFX markets were relatively tentative ahead of NFP. CAD remains firmer against the GreenbackLooking ahead, highlights include Eurozone and UK PMIs, US NFP, ISM Manufacturing, Baker Hughes and ECB’s ConstancioASIAAsia stocks traded mostly positive after the upbeat tone from Wall St where the Nasdaq printed a fresh record close and sentiment was lifted amid tax reform hopes amid comments from...
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RANsquawk EU Open Rundown 31.08.17
31 Aug 2017, 06:56
Asia stocks traded mixed as the region mulled over a slew of data releases including varied Chinese PMIsHarvey continued to exert influence over the energy space despite being downgraded to a tropical depressionLooking ahead, highlights include the German jobs report, Eurozone inflation, US PCE, Chicago PMI, Canadian GDP and BoE’s SaundersASIAAsia stocks traded mixed as the region mulled over a slew of data releases including varied Chinese PMIs. Nonetheless, ASX 200 (+0.7%) and...
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RANsquawk EU Open Rundown 30.08.17
29 Aug 2017, 06:56
Asian equities traded mostly higher amid a pick-up in sentiment despite ongoing geopolitical concernsJPY subsequently softened against its major counterparts with USD/JPY approaching 110.00Looking ahead, highlights include regional and national German CPI, US ADP, PCE, DoEs and Fed’s PowellASIAAsia equities traded mostly positive as the region followed suit from the improvement in sentiment seen in US, where markets ignored the geopolitical concerns and bought the dip. This saw a...
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RANsquawk EU Open Rundown 28.08.17
28 Aug 2017, 07:00
28th August 2017ASIAAsia stocks traded mixed with most bourses dampened after a lack of fireworks at last week’s Jackson Hole symposium, while participants also digested North Korean concerns and the devastation from tropical storm Harvey. ASX 200 (-0.7%) and Nikkei 225 (-0.1%) traded subdued with the former underperforming amid weakness in its largest-weighted financials sector, as CBA shares declined on reports the APRA is to undertake an inquiry into the governance at the largest of...