RANsquawk EU Open Rundown 03.07.17
03 Jul 2017, 06:54
- Asian equities traded in an indecisive manner with modest support seen for the Nikkei 225 post-Tankan data
- Most major currencies pared recent gains against the greenback as the USD-index further recovered from 9-month lows
- Looking ahead, highlights include Eurozone, UK and US mfg PMIs, US ISM and construction spending.
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RANsquawk EU Open Rundown 30.06.17
30 Jun 2017, 07:02
- Haven currencies benefited from the risk averse tone overnight, with USD/JPY tracking below 112.00
- Firmer than expected Chinese Mfg. PMI fails to lift sentiment in Asia, while Japanese inflation remains subdued.
- Looking ahead, highlights include UK GDP, US PCE and Baker Hughes rig count.
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RANsquawk EU Open Rundown 30.06.17
29 Jun 2017, 06:57
- Haven currencies benefitted from the risk averse tone overnight, with USD/JPY tracking below 112.00
- Firmer than expected Chinese Mfg. PMI fails to lift sentiment in Asia, while Japanese inflation remains subdued.
- Looking ahead, highlights include UK GDP, US PCE and Baker Hughes rig count.
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RANsquawk EU Open Rundown 28.06.17
28 Jun 2017, 06:58
- Asian equities traded with little direction after losses seen on Wall Street which were led by tech and healthcare names
- Most FX majors continued to gain against the greenback, with commodity linked currencies outperforming during Asia trade
- Looking ahead, highlights include US Trade data, pending home sales, DoEs and a slew of central bank...
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RANsquawk EU Open Rundown 27.06.17
27 Jun 2017, 06:54
- Asian equities traded with little in the way of firm direction in what was a relatively data and news-light session
- A relatively quiet tone persisted in FX markets with the USD-index range-bound to hold above 97.00
- Highlights include BoE’s FSR, ECB’s Draghi, Coeure, Praet, Fed’s Yellen, Williams, Harker and Kashkari
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RANsquawk EU Open Rundown 26.06.17
26 Jun 2017, 06:57
- UK PM May is set to publish a 15 page document today detailing how she intends to protect the rights of 3.2mln EU nationals residing in Britain
- Asian equities traded higher across the board after a positive close on Wall Street on Friday with macro newsflow otherwise light
- Looking ahead, highlights include German IFO, US Durables and ECB’s...
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RANSQUAWK WEEKLY G10 CENTRAL BANK MONITOR – 25 JUNE 2017
25 Jun 2017, 19:52 by Newsquawk Desk
Click here for the RANsquawk Week Ahead Eco Preview, 26 to 30 June 2017
FEDERAL RESERVE
• The abundance of Fedspeak last week did little to persuade the market to shift towards the FOMC’s hiking trajectory – which has pencilled in seven additional 25bps hikes tspanough the end of 2019; Fed Funds Futures, on the other hand, see just two more hikes over that horizon.
• An acceptance of the need to be patient was generally evident in the tone of the 2017...
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RANsquawk Week Ahead Preview, 26 to 30 June 2017
25 Jun 2017, 19:44
The RANsquawk Weekly G10 Central Bank Monitor can be accessed hereNORTH AMERICAMON 26 JUN 2017 - 1330BST: US DURABLE GOODS ORDER (MAY, PRELIM)Forecast: -0.7% vs prev. -0.8%; ex-transport seen 0.3% vs prev. -0.5%. The headline weakness is likely to come on the back of softer orders from Boeing, which reported...
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RANsquawk EU Open Rundown 23.06.17
23 Jun 2017, 06:55
- UK PM May unveiled proposals for EU citizens at the Brussels summit including a proposal that would allowed 3 million EU citizens to stay in the UK Permanently
- Asian equity markets lacked impetus amid quiet newsflow and after a subdued Wall St. close in which stocks posted a 3rd consecutive day of losses
- Looking ahead, highlights include Eurozone PMIs, Canadian CPI, Fed’s Bullard, Mester and...
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RANsquawk EU Open Rundown 22.06.17
22 Jun 2017, 06:53
- UK PM May is facing a constitutional crisis after Labour and the Liberal Democrats tspaneatened to use the House of Lords to water down Brexit
- NZD which was lifted by the RBNZ after it kept rates unchanged as expected and suggested an optimistic tone on growth
- Looking ahead, highlights include Norges Bank rate decision, US weekly jobs and Fed’s...
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RBNZ Interest Rate Decision Preview – June 2017
21 Jun 2017, 10:46
The RBNZ is scheduled to release its latest rate decision today at 2200BST/1600CDT/0500HKT in which consensus is one-sided for the OCR to be kept on hold at the record low 1.75%, with all 26 economists surveyed unanimously forecasting no changes in rates.Expectations for the central bank to stand pat tspanoughout the near-term and maintain a neutral tone were solidified at the last meeting, after Governor Wheeler explicitly stated that the RBNZ is neutral on policy and expects the OCR to remain at the...
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RANsquawk EU Open Rundown 21.06.17
21 Jun 2017, 06:53
- The DUP is reported to have tspaneatened to walk away from talks with the Conservative party over forming a government
- Asian equity markets traded mostly negative following the downbeat Wall St. close, where energy lagged
- Looking ahead, highlights include UK PSNB figures, US existing home sales, DoEs
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RANsquawk EU Open Rundown 20.06.17
20 Jun 2017, 06:56
- Asian equities saw little in the way of firm direction with the Nikkei 225 supported by a softer JPY and the ASX hampered by commodities
- USD held on to the gains spurred by hawkish comments from Fed's Dudley. EUR/USD and GBP/USD firmly below 1.1200 and 1.2800 levels respectively ...
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RANsquawk EU Open Rundown 19.06.17
19 Jun 2017, 06:54
- Today sees the beginning of UK-EU Brexit negotiations with UK press suggesting a potential tspaneat to May’s leadership
- French President Macron’s party and allies won a parliamentary majority with over 300 seats of the total 577-seats.
- Looking ahead, highlights include the beginning of UK-EU Brexit negotiations, ECB’s...
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RANsquawk Eco Week Ahead 18-23 June 2017
18 Jun 2017, 14:22 by Newsquawk Desk
RANsquawk Weekly G10 Central Bank Monitor can be accessed here
NORTH AMERICA
TUE 20 JUN 2017 - 1330BST: US CURRENT ACCOUNT BALANCE (Q1)
Forecast: The deficit is seen narrowing to USD 124.9bln vs a deficit of 112.4bln prior.
WED 21 JUN 2017 - 1500BST: US EXISTING HOME SALES (MAY)
Forecast: 5.55mln vs prior 5.57mln. Both new and existing home sales slipped in April,...
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RANsquawk Weekly G10 Central Bank Monitor - 18 June 2017
18 Jun 2017, 14:06 by Newsquawk Desk
RANsquawk's Eco Week Ahead can be accessed here
FEDERAL RESERVE
• As expected, the FOMC hiked rates by 25bps to 1.00-1.25% – the second hike of 2017, and the fourth in the current tightening cycle. Minneapolis Fed President Neel Kashkari was the lone dissenter, once again.
• The revisions to its economic projections were mostly in-line with the market view: near-term growth was raised, but the Fed is more pessimistic than analysts in...
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RANsquawk EU Open Rundown 16.06.17
16 Jun 2017, 06:57
- BoJ kept rates unchanged at -0.1% as expected and maintained QQE with Yield Curve Control as expected
- Asian equities traded mostly higher across the board despite the negative lead from Wall Street. Nikkei 225 outperformed amid softer JPY
- Looking ahead, highlights include US housing starts, Uni. Of...
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RANsquawk EU Open Rundown 15.06.17
15 Jun 2017, 06:56
- Fed hiked by 25bps as Exp. & outlined plans for balance sheet normalisation, expects inflation and growth to pick up
- Subsequently seen as more hawkish than anticipated; support for US yields, USD, equities hampered before recovering into the close
- Looking ahead, highlights include SNB & BoE rate decisions, US weekly...
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PREVIEW: BoE Meeting - 15th June 2017
14 Jun 2017, 14:46
PREVIEW: BoE June Rate Decision and Minutes Release 1200BST/0600CST
- Current BoE Base Rate: 0.25%, Asset Purchase Target: GBP 435bln of government securities and GBP 10bln of corporate debt.
- Analysts expect the BoE to remain on hold this meeting with rhetoric from the minutes expected to have a neutral tone.
- This meeting sees the release of the decision itself, the vote split and the minutes, but no Quarterly Inflation Report scheduled this...
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RANsquawk EU Open Rundown 14.06.17
14 Jun 2017, 06:57
- Asian equities traded with little in the way of firm direction despite tech names posting a rebound yesterday and the S&P 500 and DJIA posting record highs
- FX markets were relatively quiet with the USD-index languished below the 97.00 level ahead of an anticipated ‘dovish hike’ by the Fed later today
- Looking ahead, highlights include the UK jobs report, US CPI, DoEs and the FOMC rate...
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FOMC Meeting Preview - 14th June 2017
13 Jun 2017, 16:52
- The FOMC is seen raising the FFR target by 25bps to 1.00-1.25%, but the main focus will be on the hike trajectory
- Updated economic projections will be published, and there will be a post-meeting press conference with Chair Janet Yellen
- Analysts aren’t expecting any dramatic changes in the Fed’s updated forecasts and ‘dot-plots’
- Traders will be looking out for details on how the Fed intends to begin sspaninking its balance sheet ...
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RANsquawk EU Open Rundown 13.06.17
13 Jun 2017, 07:00
- Asian equities managed to avoid further losses despite a continuation of tech-related selling pressure seen on Wall Street
- In FX, USD/JPY nursed yesterday’s losses to test 110.00 to the upside, while EUR/USD languished after relinquishing the 1.1200 handle
- Looking ahead, highlights include UK CPI, German ZEW, US PPI and API Inventories
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RANsquawk EU Open Rundown 12.06.17
12 Jun 2017, 06:56
- Asian equities traded mostly lower after Friday’s tech sell-off seen on Wall Street while uncertainty continues to surround UK politics
- Exit polls from the first round of France's parliamentary election suggest Macron’s La Republique En Marche party is to win between 415-455 seats (out of 577)
- Today’s session sees a lack of tier 1 data releases
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RANsquawk Weekly G10 Central Bank Briefing
11 Jun 2017, 15:09 by Newsquawk Desk
FEDERAL RESERVE
- A 25bps hike to the Federal Funds Rate target on 14 June 2017 is pretty much a done deal, with money markets pricing in a 99.6% chance that rates will be lifted for the second time this year to 1.00-1.25%. The real question is whether the Fed will maintain its “gradual” hike trajectory, which sees a total of tspanee rate rises per annum in 2017, 2018 and 2019.
- The FOMC will also update its economic projections, which aren’t likely to see any dramatic changes in...
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Key Events: -Monday:Tuesday: UK Inflation Data (May)Wednesday: US FOMC MonPol Decision, US CPI (May), US Retail Sales (May), UK Labour Market Report (Apr/May), New Zealand GDP (Q1)Thursday: BoE MonPol Decision, SNB MonPol Decision, UK Retail Sales (May), Australian Labour Market Report (May)Friday: BoJ MonPol Decision, Eurozone CPI (May, F)North...