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[PODCAST] EU Open Rundown 15th August 2018
Asian equity markets were mostly negative as the region failed to take impetus from the gains on Wall St where all majors edged higher The greenback extended on gains which pressured its counterparts across the board. Turkey has raised tariffs on imported goods from the US Looking ahead, highl
READ STORY[PODCAST] US Open Rundown 14th August 2018
TRY building on recovery post-liquidity measures, up ~4%, although Erdogan remains defiant UK Unemployment rate falls to lowest in over 40 years, but real wage growth stagnates, GBP erased early morning gains and currently flat Looking ahead the highlight is API weekly crude inventories A
READ STORY[PODCAST] EU Open Rundown 14th August 2018
Asian equity markets traded mixed as some of the regional bourses shrugged off the negative lead from Wall St. Chinese bourses underperformed their peers amid disappointing Chinese data Tory Brexiteers are said to be planning to challenge PM May by publishing their own blueprint favouring a hard
READ STORY[PODCAST] US Open Rundown 13th August 2018
European equities kick-start the week lower across the board (Eurostoxx 50 -0.6%) with sentiment in the region soured by contagion concerns USD/TRY soared through 7.0000 to a new record peak around 7.2150, and prompted the CBRT into action Looking ahead, today’s calendar lacks tier 1 dat
READ STORY[PODCAST] EU Open Rundown 13th August 2018
Asian equity markets began the week lower across the board with sentiment in the region spooked on spill-over concerns as the Turkish lira extended on last week’s slump Sell-off in TRY sparks EM currency sell-off although TRY later found support on announcement of measures Looking ahead,
READ STORYWeek In Focus: Week commencing 13th August 2018
Key Events Monday: North and South Korea to hold “high-level” talks Tuesday: China Industrial Production, German ZEW Survey, German & EZ GDP, UK Labour Market, Home Depot earnings Wednesday: UK CPI, US Retail Sales, US Industrial Production, Cisco earnings Thursday: Austr
READ STORY[PODCAST] US Open Rundown 10th August 2018
Reports of ECB concerns about European banks’ Turkish holdings slam the TRY to record lows EUR, European equities struggling as investors take flight to safe haven assets Looking ahead, highlights include, new Turkish economic model, US CPI and Canadian jobs ASIA Asian equity mar
READ STORY[PODCAST] EU Open Rundown 10th August 2018
Asian equity markets were mostly negative with sentiment subdued after a lacklustre lead from Wall St. Heading into European trade, EUR/USD tripped stops on a break of 1.1500 to the downside to print its weakest level in around a year Looking ahead, highlights include UK GDP and output, US CPI
READ STORY[PODCAST] US Open Rundown 9th August 2018
FTSE 100 lags following a plethora of large cap ex-dividends and energy names underperforming TRY hits new lows; RUB weakens on US sanctions Looking ahead, highlights include US weekly jobs, PPI, Fed’s Evans and a US 30yr Bond Auction ASIA Asian equity markets were eventually mos
READ STORY[PODCAST] EU Open Rundown 9th August 2018
Asian equities shrugged off opening losses with Chinese bourses outperforming their regional peers NZD/USD slipped to its lowest since early 2016 after the RBNZ kept rates unchanged as expected whilst providing a dovish rate outlook Looking ahead, highlights include US weekly jobs, PPI, Fed&rs
READ STORY[PODCAST] US Open Rundown 8th August 2018
Sterling continues its slide and returns to multi-month lows vs. USD and JPY FTSE outperforming on GBP weakness Looking ahead highlights include, US DoEs, RBNZ rate decision and supply from the US ASIA Asian stock markets traded mostly positive as they sustained the momentum from the U
READ STORY[PODCAST] EU Open Rundown 8th August 2018
Asian stock markets traded mostly positive as they sustained the momentum from the US. Shanghai Comp lagged after the US finalized its 2nd tranche of tariffs DXY was subdued and eyes a retest of the 95.00 level to the downside. EUR/USD gained a firmer footing above the 1.1600 handle and GBP/USD r
READ STORY[PODCAST] US Open Rundown 7th August 2018
European equities trade optimistically with all major bourses firmly in the green AUD the major beneficiary of Yuan/EM recovery Looking ahead, highlights include US APIs, US 3yr note auction, BoE’s McCafferty and further large-cap earnings ASIA Asian equity markets traded mostly
READ STORY[PODCAST] EU Open Rundown 7th August 2018
Asian equity markets traded mostly higher following the positive performance in their US counterparts. RBA stood pat on rates as expected GBP/USD continued to languish amid reports suggesting that UK PM May is losing support due to her Chequers plan and some see her departure as essential Look
READ STORY[PODCAST] US Open Rundown 6th August 2018
Cable probing 11-month lows as UK Trade Minister Fox cites 60% chance of “no deal Brexit”; USDTRY pushes to new record high of 5.1800 Oil spiking higher and up on the day on reduced supply, equities initially lower but push into positive territory in a news-thin morning Scarce cale
READ STORY[PODCAST] EU Open Rundown 6th August 2018
Asian equity markets initially followed suit from Friday’s gains on Wall St, although upside was limited by ongoing US-China trade tensions UK Trade Secretary Fox has placed the chances of leaving the EU without a deal at "60-40" Looking ahead, today sees a lack of tier 1 relea
READ STORYWeek in Focus – Week Commencing 6th August 2018
<p>Monday: German Factory Orders</p> <p>Tuesday: RBA Rate Decision, German Industrial Production, US JOLTs</p> <p>Wednesday: China Trade Balance</p> <p>Thursday: RBNZ Rate Decision, China CPI, US PPI, US and Japan to hold bilateral trade talks</p> <p>Friday: Japan GDP, Norway CPI, Swedish CPI, UK GDP, US CPI, Canadian Labour Market</p>
READ STORY[PODCAST] US Open Rundown 3rd August 2018
Dollar holds firm footing above 95.000 while GBP extends post-BoE declines European equities rebound from yesterday’s losses as earnings remain in focus Looking ahead, highlights include, US employment report, trade balance, ISM non-Mfg, Baker Hughes rig count ASIA Asian equity m
READ STORY[PODCAST] EU Open Rundown 3rd August 2018
Asian equity markets traded mixed as the positive momentum from US failed to sustain ahead of key risk events and more soft Chinese data FX markets were relatively quiet overnight in which the DXY held steady above the 95.00 level as most of its major counterparts took a breather from the prior d
READ STORY[PODCAST] US Open Rundown 2nd August 2018
US President Trump instructs USTR to consider 25% tariffs, instead of 10%, on USD 200bln of Chinese goods USD strengthening and equities sliding on tariff concerns Looking ahead, highlights include, BoE rate decision, minutes and QIR, US weekly jobs, factory orders and a slew of large cap earn
READ STORY[PODCAST] EU Open Rundown 2nd August 2018
The Fed stood pat on rates as expected with little in the way of fireworks from the release. Markets continue to back a September hike at the FOMC Asian equity markets were weaker across the board with sentiment weighed on by increased global trade tensions after US officials confirmed recent rep
READ STORYPREVIEW: Bank of England Monetary Policy Decision, Minutes and Quarterly Inflation Report at 12:00BST (07:00ET), Press Conference with Governor Carney at 12:30BST (07:30ET)
Bank of England expected to lift its base rate by 25bps from 0.50% to 0.75%; vote split expected to be 7-2 Recent UK data points and MPC rhetoric has lead to markets pricing in a circa 80-90% chance of a hike Little in the way of material changes are expected for inflation and growth forecasts
READ STORYPREVIEW: Bank of England Monetary Policy Decision, Minutes and Quarterly Inflation Report at 12:00BST (07:00ET), Press Conference with Governor Carney at 12:30BST (07:30ET)
Bank of England expected to lift its base rate by 25bps from 0.50% to 0.75%; vote split expected to be 7-2 Recent UK data points and MPC rhetoric has lead to markets pricing in a circa 80-90% chance of a hike Little in the way of material changes are expected for inflation and growth forecasts
READ STORY[PODCAST] US Open Rundown 1st August 2018
Trump administration plans to propose a higher tariff of 25% (Prev. 10%) on USD 200bln of imports from China with an announcement possible as soon as today, according to sources European equities are marginally lower as focus once again remains on earnings. Apple higher by 3.5% in pre-market trad
READ STORY[PODCAST] EU Open Rundown 1st August 2018
Asian equity market were initially mostly higher as region got a tailwind from US. However, sentiment was soured after reports that the Trump administration is planning to propose an increase to 25% tariffs from 10% on USD 200bln of Chinese goods In FX markets, the greenback remained firm with th
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