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Newsquawk

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Original insights into market moving news

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

ASIA

A deluge of corporate results dominated focus in...
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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

ASIA

Asia stocks...
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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

ASIA

Asia 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.

ASIA

The major Asia-Pac indices were somewhat mixed after the momentum from last Friday’s fresh record levels in the S&P 500, DJIA and...
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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.

ASIA

Asia equity markets traded mixed despite a mostly positive close on Wall...
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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.

ASIA

Asia equity markets...
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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

ASIA

Asia equity markets eventually traded mostly higher following the momentum from their counterparts on Wall St, where all major indices edged fresh record levels once...
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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.

ASIA

Asia equity markets began the week on the front-foot after another record setting session last Friday on Wall St, where softer than expected US CPI figures caused some to rethink the Fed’s hiking trajectory, while the region...
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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

ASIA

Asia-Pac equity...
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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

FOMC...
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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

ASIA

Asia equity markets were mixed after a...
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RANsquawk FOMC September 2017 Meeting Minutes Preview

09 Oct 2017, 20:15

Federal Open Market Committee (FOMC) September Meeting Minutes due at 1900BST/1300CDT on Wednesday 11th October 2017

The Federal Open Market Committee (FOMC) stood pat at the meeting, in line with consensus.

The Committee also announced that it would begin to sspanink the size of its balance sheet in October, as expected, with the process falling in line with a previously disclosed detailed plan.

The summary of economic projections saw the FOMC trim its...
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RANsquawk EU Open Rundown 09.10.17

09 Oct 2017, 06:56

  • UK politics continues to dominate with reports of preparations for a potential Brexit no-deal and further Tory in-fighting

  • Asian equities traded mostly higher with China returning to market for the first time in over a week. Japanese participants away from market

  • Looking ahead, highlights include ECB’s Mersch and Lautenschlaeger

ASIA

Asia equity markets...
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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: ...

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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

ASIA

Asia stocks...
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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...
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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...
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