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Week In Focus: NFPs, RBA, ECB Minutes & PMIs Provide A Broad Spread Of Risk Events This Week
Key Events: - Monday: Tuesday: RBA MonPol Decision &
READ STORYPREVIEW: Catalonian Referendum on Independence – Sunday 1st October
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
READ STORYRANsquawk EU Open Rundown 29.09.17
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 Spendi
READ STORYRANsquawk EU Open Rundown 28.09.17
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 & nation
READ STORYRANsquawk EU Open Rundown 27.09.17
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 durabl
READ STORYRANsquawk EU Open Rundown 26.09.17
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,
READ STORYRANsquawk EU Open Rundown 25.09.17
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 cent
READ STORYRANSQUAWK WEEK IN FOCUS: Is Anyone Tired Of Politics Yet? Oh And The RBNZ Meets As Well….
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) Politic
READ STORYPREVIEW: German Federal Election 24th September 2017
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
READ STORYRANsquawk EU Open Rundown 22.09.17
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. Focu
READ STORYPreview: OPEC/non-OPEC Joint Ministerial Monitoring Committee Meeting, Friday 22nd September 2017
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 joine
READ STORYRANsquawk EU Open Rundown 21.09.17
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
READ STORYRANsquawk EU Open Rundown 20.09.17
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
READ STORYRANsquawk EU Open Rundown 19.09.17
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, h
READ STORYRANsquawk EU Open Rundown 18.09.17
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 Lautens
READ STORYWEEK IN FOCUS: Fed & BoJ Set To Convene, With Eyes On German & NZ Elections
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
READ STORYRANsquawk EU Open Rundown 15.09.17
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 r
READ STORYRANsquawk Quick Take: BoE Points To The “Next Few Months” As It Delivers A 7-2 Split To Remain On Hold
- 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 weight
READ STORYRANsquawk Quick Take: SNB Tweaks CHF Language, But The Dovish Message Is Reaffirmed Alongside A Cut In GDP Forecasts
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 co
READ STORYRANsquawk EU Open Rundown 14.09.17
Asian equities traded with little firm direction as markets awaited key data releases and central bank announcementsAUD was once again a key focus in FX markets as gains from the Australian jobs report were trimmed by disappointing Chinese dataLooking ahead, highlights include SNB and BoE rate decis
READ STORYRANsquawk EU Open Rundown 13.09.17
Asian equities traded with little direction as the positive momentum from Wall Street was offset by weakness in Apple suppliersThe greenback remained subdued to the benefit of its major counterparts while AUD/USD put in a mixed performanceLooking ahead, highlights include UK jobs report, US PPI, DoE
READ STORYRANsquawk EU Open Rundown 12.09.17
Asian bourses traded mostly higher once again with JPY weakness boosting Japanese exportersIn politics, UK Parliament passed the Brexit Bill and Norway’s ruling centre-right government won re-electionLooking ahead, highlights include UK CPI, potential comments from ECB’s Constancio and a US 10yr Auc
READ STORYRANsquawk EU Open Rundown 11.09.17
Asian equities were lifted after North Korea refrained from conducting a missile test over the weekendThe heightened risk appetite triggered outflows from safe-haven currencies JPY and CHF, in which USD/JPY rose firmly above 108.00Looking ahead, highlights include potential comments from ECB’s Coeur
READ STORYRANSQUAWK WEEK IN FOCUS: BoE & SNB Headline, With Pyongyang Still Worrying Markets
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 K
READ STORYRANsquawk EU Open Rundown 08.09.17
Asian equities saw little in the way of firm direction as the region digested Chinese trade and Japanese GDPUSD woes persisted overnight as Asia-Pac currencies took a swipe at the greenback which saw AUD/USD break above 0.8100Looking ahead, highlights include UK industrial and manufacturing output,
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