RANsquawk Week In Focus: FOMC Minutes Headline As Politics Simmer
07 Oct 2017, 14:12 by Samuel Indyk
Key Events: -
Monday:
Tuesday: Catalan Regional Parliament Plenary
Wednesday: FOMC MonPol Meeting Minutes
Thursday: ...
RANsquawk EU Open Rundown 06.10.17
06 Oct 2017, 06:56
- Asian equities traded mostly higher amid yet another strong close on Wall St. with markets now eyeing today’s NFP release
- In FX markets, the greenback extended on yesterday’s gains and the DXY posted its highest level in 7-weeks
- Looking ahead, highlights include US and Canadian jobs reports, BoE’s Haldane, Fed’s Bostic, Dudley and Kaplan
Categories:
RANsquawk EU Open Rundown 05.10.17
05 Oct 2017, 06:54
- Asia-Pac trade was relatively contained amid ongoing holiday-thinned conditions and ahead of tomorrow’s NFP release
- As was also the case in FX markets with the main focus being AUD which was pressured following softer domestic retail sales numbers
- Looking ahead, highlights include ECB Minutes, US Trade Balance, Weekly Jobs, Factory orders and a slew of central bank...
Categories:
RANsquawk EU Open Rundown 04.10.17
04 Oct 2017, 06:55
- Asian equities traded broadly higher after a positive lead from the US where Sept car sales data helped push indices to record highs
- In FX, the USD softened after Trump aides released a short list of Fed Chair nominees which included current Chair Yellen
- Looking ahead, highlights include Eurozone, UK and US service PMIs, ADP, ISM Non-Mfg, ECB’s Draghi and Fed’s...
Categories:
RANsquawk EU Open Rundown 03.10.17
03 Oct 2017, 06:45
- In FX, the USD remained firm against its major counterparts. RBA kept rates unchanged as expected and highlighted the firmer currency
- Asian equities traded mostly higher with the Hang Seng outperforming in a catch-up play from yesterday’s holiday
- Looking ahead, highlights include UK construction PMI, US vehicle sales and APIs
Categories:
RANsquawk EU Open Rundown 02.10.17
02 Oct 2017, 06:57
- Asian equities traded broadly higher with many bourses closed for domestic holiday’s
- EUR/USD faced selling pressure following public unrest and clashes during the Catalonian referendum
- Looking ahead, highlights include Eurozone PMIs, US ISM Manufacturing, ECB’s Praet and Fed’s Kaplan
Categories:
Week In Focus: NFPs, RBA, ECB Minutes & PMIs Provide A Broad Spread Of Risk Events This Week
29 Sep 2017, 17:56 by Samuel Indyk
Key Events: -
Monday:
Tuesday: RBA MonPol Decision ...
Categories:
PREVIEW: Catalonian Referendum on Independence – Sunday 1st October
29 Sep 2017, 14:39
PREVIEW: Catalonian Referendum on Independence – Sunday 1st OctoberBACKGROUNDDespite opposition from the Madrid-based government, the regional government in Catalonia remains committed to holding an independence referendum this weekend. However, despite, the Catalan government passing legislation to hold the referendum, the quest for independence was dealt a blow after the Spanish Constitutional Court declared the...
Categories:
RANsquawk EU Open Rundown 29.09.17
29 Sep 2017, 06:56
Asian equities head into the weekend on a mostly positive note as the region digested a slew of dataUSD/JPY nursed some of the prior day’s declines, which was slightly aided by the release of the BoJ’s Summary of OpinionsLooking ahead, highlights include UK GDP, Eurozone CPI, US PCE, Personal Spending, Chicago PMI and a slew of central bank speakersASIAAsia equity markets were positive on what was a range-bound day heading into quarter-end and after a similar close on Wall St,...
Categories:
RANsquawk EU Open Rundown 28.09.17
28 Sep 2017, 06:55
Initial gains in Asia-Pac bourses petered out tspanoughout the session with newsflow relatively light and ahead of next week’s Chinese holidayCAD hampered by a more cautious Poloz. RBNZ kept rates unchanged but noted that uncertainties remainLooking ahead, highlights include German regional & national CPIs, US GDP, PCE figures and a slew of central bank speakersASIAAsia equity markets traded mixed after momentum from US petered out and as China prepares for National Day Golden...
Categories:
RANsquawk EU Open Rundown 27.09.17
27 Sep 2017, 06:56
Asian equities saw a lack of firm direction overnight after a mixed close on Wall Street which saw the DJIA post its 4th consecutive lossFed Chair Yellen reiterated that a gradual approach to rate hikes is appropriate but also warned of moving too graduallyLooking ahead, highlights include US durables, Pending Home Sales, DoE, RBNZ rate decision and further central bank speakASIAAsia equity markets were mixed amid a lack of catalysts and after similar indecisiveness on Wall St....
Categories:
RANsquawk EU Open Rundown 26.09.17
26 Sep 2017, 06:56
Asian equities traded with little in the way of firm direction as equity markets sspanugged off mounting geopolitical tensionsNZD extended on post-election losses with disappointing domestic data adding to the woes for the Antipodean currencyLooking ahead, highlights include US new home sales, APIs, ECB’s Praet, Fed’s Mester and Brainard, US 2yr note auctionASIAAsia equity markets lacked any solid direction after the weak momentum from US where all 3 major indices closed negative...
Categories:
RANsquawk EU Open Rundown 25.09.17
25 Sep 2017, 06:58
This weekend saw elections in Germany and New Zealand whereby the incumbents both claimed victory but failed to secure a majorityThis subsequently hampered NZD and to a lesser extent EUR with both main parties now eyeing coalition talksLooking ahead, highlights include German IFO, and a slew of central bank speakersASIAAsia equity markets began the week subdued as FX took much of the focus amid post-election hangovers from New Zealand and Germany where the incumbents in both won...
Categories:
RANSQUAWK WEEK IN FOCUS: Is Anyone Tired Of Politics Yet? Oh And The RBNZ Meets As Well….
22 Sep 2017, 18:23 by Samuel Indyk
Key Events: -
Monday: UK-EU Brexit Talks Commence
Tuesday:
Wednesday: UK GDP (Q2, F)
Thursday: RBNZ MonPol Decision, US GDP (Q2, F)
Friday: US PCE Price Data (Aug), Eurozone Inflation (Sep, P), Canadian GDP (Jul)
Politics:...
Categories:
PREVIEW: German Federal Election 24th September 2017
22 Sep 2017, 10:16
On 24th September German voters will take to the polls to elect representatives to the 19th Bundestag. Polling stations will close at 1700BST, after which the first exit polls will be published. Once members have been elected, a Chancellor will then be appointed by an absolute majority; leading the way to form an actual government.VOTING SYSTEMIn order to get as representative system as possible, Germany uses a relatively complicated...
Categories:
RANsquawk EU Open Rundown 22.09.17
22 Sep 2017, 07:11
DAILY EUROPEAN OPENING NEWS: Asian equities faced selling pressure overnight amid tspaneats of further hydrogen bomb tests from North KoreaAsian equities faced selling pressure overnight amid tspaneats of further hydrogen bomb tests from North KoreaThe risk-off sentiment spurred flows into JPY. Focus for GBP remains on today’s speech by UK PM MayLooking ahead, highlights include Eurozone services and manufacturing PMIs, Canadian retail sales & CPI, UK PM May and a slew of central bank...
Categories:
Preview: OPEC/non-OPEC Joint Ministerial Monitoring Committee Meeting, Friday 22nd September 2017
21 Sep 2017, 17:47
The Organisation of the Petroleum Exporting Countries (OPEC) has capped its joint output at 32.5mln bpd since 1st January 2017, representing a 1.2mln bpd reduction from the October 2016 (chosen benchmark) levels (except for Angola for which September 2016 is used). Some non-OPEC producers also joined the pact, the most notable being Russia, bringing the total pledged production cut up to 1.8mln bpd. The current OPEC/non-OPEC production deal is set to expire in March 2018.The Joint Monitoring...
Categories:
RANsquawk EU Open Rundown 21.09.17
21 Sep 2017, 06:56
FOMC announced plan to begin balance sheet normalization as anticipated, and suggested increased prospects of a 3rd rate hike for 2017The USD strengthened and yields rose after the decision as markets have to reprice expectations of hikesLooking ahead, highlights include weekly jobs data, Philly Fed, ECB’s Praet and Draghi FED DECISIONThe FOMC confirmed plans to begin sspaninking the balance sheet in October, following the schedule set out in July.The fed kept the FFR...
Categories:
RANsquawk EU Open Rundown 20.09.17
20 Sep 2017, 06:55
Asian equities and FX traded with little in the way of firm direction overnight as markets await today’s FOMC policy announcementUK PM May intends to make a EUR 20bln Brexit payment offer to the EU, according to the FTLooking ahead, highlights include UK retail sales, DoEs and the FOMC announcement & press conferenceASIAAsia stock markets saw an indecisive trading day amid a cautious tone ahead of today’s FOMC announcement. The looming risk event initially sapped the momentum from...
Categories:
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...
Categories:
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...
Categories:
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 ...
Categories:
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...
Categories:
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...
Categories:
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...