Close cookie warning

By continuing to browse this site you agree to our use of cookies.

Newsquawk

Blog

Original insights into market moving news

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 airspace

This prompted Japan to issue an emergency warning for its residents and South Korea conducted its own missile test as a show of readiness

Looking ahead, highlight include the Russian rate decision, US retail sales, industrial output, Uni. of Michigan, ECB’s Mersch, BoE’s Vlieghe and ECB’s Lautenschlager

ASIA

Asia 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...
Categories:

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 announcements

AUD was once again a key focus in FX markets as gains from the Australian jobs report were trimmed by disappointing Chinese data

Looking ahead, highlights include SNB and BoE rate decisions, US CPI, weekly jobs, ECB’s Mersch and Weidmann

ASIA

Asia equity markets were lacklustre with a non-committal tone seen for most of the day after the cautious gains in the US and as...
Categories:

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 suppliers

The greenback remained subdued to the benefit of its major counterparts while AUD/USD put in a mixed performance

Looking ahead, highlights include UK jobs report, US PPI, DoEs, ECB’s Praet, German Bund, UK 10yr and US 30yr Bond Auction

ASIA

Asia equity markets traded mixed as the momentum from Wall St. was counterbalanced by weakness in Apple suppliers...
Categories:

RANsquawk EU Open Rundown 12.09.17

12 Sep 2017, 06:58

Asian bourses traded mostly higher once again with JPY weakness boosting Japanese exporters

In politics, UK Parliament passed the Brexit Bill and Norway’s ruling centre-right government won re-election

Looking ahead, highlights include UK CPI, potential comments from ECB’s Constancio and a US 10yr Auction

ASIA

The 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...
Categories:

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 weekend

The heightened risk appetite triggered outflows from safe-haven currencies JPY and CHF, in which USD/JPY rose firmly above 108.00

Looking ahead, highlights include potential comments from ECB’s Coeure

ASIA

Asia 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...
Categories:

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...
Categories:

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 GDP

USD woes persisted overnight as Asia-Pac currencies took a swipe at the greenback which saw AUD/USD break above 0.8100

Looking ahead, highlights include UK industrial and manufacturing output, Canadian jobs report and Fed’s Harker

ASIA

Asia equity markets traded mixed following similar indecisiveness in US and as the region digested a slew of economic releases including Japanese...
Categories:

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...
Categories:

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 ceiling

AUD/USD was once again a key focus for markets as initial gains were trimmed by disappointing data

Looking ahead, highlights include Riksbank & ECB rate decisions, US weekly jobs and DoEs

ASIA

Asia stock markets were mixed as the region somewhat failed to maintain the positive momentum from Wall St. where stocks gained after US President...
Categories:

ECB Preview: Rate Decision & Press Conference: Will Draghi Talk Down the EUR?

06 Sep 2017, 16:15

  • All rates and the current pace of asset purchases are expected to be left unchanged

  • Staff will update macroeconomic projections; impact of EUR likely to weigh on inflation outlook

  • Key focus for press conference will be on recent EUR strength and possible QE exit

  • Click
Categories:

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...
Categories:

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 ceiling

AUD/USD was once again a key focus for markets as initial gains were trimmed by disappointing data

Looking ahead, highlights include Riksbank & ECB rate decisions, US weekly jobs and DoEs

ASIA

Asia stock markets were mixed as the region somewhat failed to maintain the positive momentum from Wall St. where stocks gained after US President...
Categories:

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...
Categories:

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 concerns

RBA kept the Cash Rate Target unchanged as expected and noted slow income growth

Looking ahead, highlights include Eurozone and UK service PMIs, US factory orders, Fed’s Brainard, Kashkari and Kaplan

ASIA

Asia 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...
Categories:

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 weekend

This bolstered the JPY across the board and saw USD/JPY gap lower by a point before gradually paring half its losses

Looking ahead, today sees a lack of notable highlights. US markets closed for Labor Day

ASIA

Sentiment 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...
Categories:

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 Decision

Friday: Canadian Labour Market Report (Aug),...
Categories:

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 PMI

FX markets were relatively tentative ahead of NFP. CAD remains firmer against the Greenback

Looking ahead, highlights include Eurozone and UK PMIs, US NFP, ISM Manufacturing, Baker Hughes and ECB’s Constancio

ASIA

Asia 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...
Categories:

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 PMIs

Harvey continued to exert influence over the energy space despite being downgraded to a tropical depression

Looking ahead, highlights include the German jobs report, Eurozone inflation, US PCE, Chicago PMI, Canadian GDP and BoE’s Saunders

ASIA

Asia stocks traded mixed as the region mulled over a slew of data releases including varied Chinese PMIs. Nonetheless, ASX 200 (+0.7%) and...
Categories:

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 concerns

JPY subsequently softened against its major counterparts with USD/JPY approaching 110.00

Looking ahead, highlights include regional and national German CPI, US ADP, PCE, DoEs and Fed’s Powell

ASIA

Asia 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...
Categories:

RANsquawk EU Open Rundown 28.08.17

28 Aug 2017, 07:00

28th August 2017

ASIA

Asia 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...
Categories:

RANsquawk Week In Focus: Data Regains The Limelight After Jackson Hole Disappoints, With US Non-Farm Payrolls Headlining

25 Aug 2017, 20:26

Key Events: -

Monday:

Tuesday:

Wednesday: US GDP (Q2, 2nd)

Thursday: US PCE Data (Jul), China Official PMIs (Aug)          

Friday: US Labour Market Report (August), Eurozone CPI (Aug, P), Canadian GDP (Q2), China Caixin PMI (Aug)

Thin trade conditions are expected on Monday owing to a UK public holiday.

North America: -...
Categories:

RANsquawk EU Open Rundown 25.08.17

25 Aug 2017, 06:54

Asian equity markets see out the week in the green with outperformance in Chinese bourses after large cap earnings.

Japanese CPI prints in-line with analyst estimates.

Looking ahead, highlights include comments from Fed Chair Yellen and ECB President Draghi.

JACKSON HOLE SYMPOSIUM SCHEDULE

15:00 BST/10:00 ET – Federal Reserve Chair Yellen makes opening remarks

20:00 BST/15:00 ET – ECB President Mario Draghi Makes The Luncheon Address

ASIA

Asia stocks...
Categories:
✖