NEWSQUAWK UPDATE: Service has been temporarily halted on account of President's Day market closures, service will reopen at 22:00GMT/17:00EST later today for the start of the APAC session
Newsquawk Staff ·
NEWSQUAWK UPDATE: Service has been temporarily halted on account of President's Day market closures, service will reopen at 22:00GMT/17:00EST later today for the start of the APAC session.
What it means
The temporary halt in service due to President's Day market closures signifies a brief pause in trading information flow, which could limit timely updates and insights during this holiday. Traders should be prepared for potentially increased volatility and trading opportunities when the service resumes for the APAC session at 22:00 GMT / 17:00 EST.
- BoC Deputy Governor Rogers says uncertainty over the economy is hanging over the Canadian housing market
- BoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hike
- BoC hikes rates by 25bps as expected to 2.5%; says there could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.
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