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RANsquawk Quick Take: Bank Of Canada Delivers “Surprise” 25bps Hike
06 Sep 2017, 15:59
The BoC defied the bulk of economists today, as it hiked its benchmark overnight rate by 25bps to 1.00%, the second consecutive meeting where the BoC has delivered such a move. Only 6 of the 33 surveyed in the latest Reuters Poll expected the BoC to tighten policy today while interest rate markets were pricing a 45% chance of such a move.In terms of the hike, the BoC was of the view that “today’s removal of some of the considerable monetary policy stimulus in place is warranted. Future monetary policy...
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RANsquawk EU Open Rundown 07.09.17
06 Sep 2017, 07:17
Asian equities traded with little in the way of firm direction despite the positive Wall St. close after congress agreed to raise the debt ceilingAUD/USD was once again a key focus for markets as initial gains were trimmed by disappointing dataLooking ahead, highlights include Riksbank & ECB rate decisions, US weekly jobs and DoEsASIAAsia stock markets were mixed as the region somewhat failed to maintain the positive momentum from Wall St. where stocks gained after US President...
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PREVIEW: Bank Of Canada Monetary Policy Decision
05 Sep 2017, 16:28
Due On Wednesday 6th September 2017 At 15:00 BST/09:00CDT
- The majority expects the BoC to leave its overnight rate unchanged at 0.75%. Only 6 of 33 surveyed expect the BoC to hike this time out, while the OIS curve prices in a 45% chance of a hike.
- A strong Q2 GDP release and the ensuing solid handover to Q3 has put a hike on the table at the upcoming decision.
- Many are still cautious...
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RANsquawk EU Open Rundown 05.09.17
05 Sep 2017, 06:54
Asian equities traded with little in the way of firm direction amid upbeat Chinese data and lingering geopolitical concernsRBA kept the Cash Rate Target unchanged as expected and noted slow income growthLooking ahead, highlights include Eurozone and UK service PMIs, US factory orders, Fed’s Brainard, Kashkari and KaplanASIAAsia equity markets traded with a mixed tone as the region mulled over encouraging Chinese PMI data and the lingering North Korea concerns. ASX 200 (-0.1%) and...
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RANsquawk EU Open Rundown 04.09.17
04 Sep 2017, 06:54
Asian equities were pressured amid reports of NK conducting its 6th nuclear test over the weekendThis bolstered the JPY across the board and saw USD/JPY gap lower by a point before gradually paring half its lossesLooking ahead, today sees a lack of notable highlights. US markets closed for Labor DayASIASentiment was dampened across the Asia-Pac region on increased geopolitical concerns after North Korea conducted its 6th nuclear test over the weekend, which it claimed was a...
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RANSQUAWK WEEK IN FOCUS: Central Banks Galore, Are The ECB Sources Correct? Will The BoC Hike Again Following A Stellar Q2?
01 Sep 2017, 19:54
Markets will be subject to lower liquidity on Monday owing to the labour day holiday in the US and Canada.Key Events: - Monday:Tuesday: RBA Monetary Policy Decision, UK Markit Services PMI (Aug)Wednesday: BoC Monetary Policy Decision, Australian GDP (Q2)Thursday: ECB Monetary Policy Decision, Riksbank Monetary Policy DecisionFriday: Canadian Labour Market Report (Aug),...
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RANsquawk EU Open Rundown 01.09.17
01 Sep 2017, 06:56
Asian equities have seen modest gains amid the positive Wall St. close and Chinese Caixin PMIFX markets were relatively tentative ahead of NFP. CAD remains firmer against the GreenbackLooking ahead, highlights include Eurozone and UK PMIs, US NFP, ISM Manufacturing, Baker Hughes and ECB’s ConstancioASIAAsia stocks traded mostly positive after the upbeat tone from Wall St where the Nasdaq printed a fresh record close and sentiment was lifted amid tax reform hopes amid comments from...
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RANsquawk EU Open Rundown 31.08.17
31 Aug 2017, 06:56
Asia stocks traded mixed as the region mulled over a slew of data releases including varied Chinese PMIsHarvey continued to exert influence over the energy space despite being downgraded to a tropical depressionLooking ahead, highlights include the German jobs report, Eurozone inflation, US PCE, Chicago PMI, Canadian GDP and BoE’s SaundersASIAAsia stocks traded mixed as the region mulled over a slew of data releases including varied Chinese PMIs. Nonetheless, ASX 200 (+0.7%) and...
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RANsquawk EU Open Rundown 30.08.17
29 Aug 2017, 06:56
Asian equities traded mostly higher amid a pick-up in sentiment despite ongoing geopolitical concernsJPY subsequently softened against its major counterparts with USD/JPY approaching 110.00Looking ahead, highlights include regional and national German CPI, US ADP, PCE, DoEs and Fed’s PowellASIAAsia equities traded mostly positive as the region followed suit from the improvement in sentiment seen in US, where markets ignored the geopolitical concerns and bought the dip. This saw a...
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RANsquawk EU Open Rundown 28.08.17
28 Aug 2017, 07:00
28th August 2017ASIAAsia stocks traded mixed with most bourses dampened after a lack of fireworks at last week’s Jackson Hole symposium, while participants also digested North Korean concerns and the devastation from tropical storm Harvey. ASX 200 (-0.7%) and Nikkei 225 (-0.1%) traded subdued with the former underperforming amid weakness in its largest-weighted financials sector, as CBA shares declined on reports the APRA is to undertake an inquiry into the governance at the largest of...
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RANsquawk Week In Focus: Data Regains The Limelight After Jackson Hole Disappoints, With US Non-Farm Payrolls Headlining
25 Aug 2017, 20:26
Key Events: - Monday:Tuesday:Wednesday: US GDP (Q2, 2nd) Thursday: US PCE Data (Jul), China Official PMIs (Aug) Friday: US Labour Market Report (August), Eurozone CPI (Aug, P), Canadian GDP (Q2), China Caixin PMI (Aug)Thin trade conditions are expected on Monday owing to a UK public holiday.North America: -...
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RANsquawk EU Open Rundown 25.08.17
25 Aug 2017, 06:54
Asian equity markets see out the week in the green with outperformance in Chinese bourses after large cap earnings.Japanese CPI prints in-line with analyst estimates.Looking ahead, highlights include comments from Fed Chair Yellen and ECB President Draghi. JACKSON HOLE SYMPOSIUM SCHEDULE15:00 BST/10:00 ET – Federal Reserve Chair Yellen makes opening remarks20:00 BST/15:00 ET – ECB President Mario Draghi Makes The Luncheon Address ASIAAsia stocks...
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RANsquawk EU Open Rundown 24.08.17
24 Aug 2017, 07:08
Indecisive trade across Asian markets in what was another quiet session.NZ trade balance better than expected, however NZD fails to benefit.Looking ahead, highlights include, UK GDP, US existing home sales and jobless claims. ASIAAsia equity markets traded with an indecisive tone following the downbeat finish on Wall St. where sentiment was dampened by Trump’s tspaneats to shut down the government and terminate NAFTA. ASX 200 (+0.2%) was mildly positive amid strength in...
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RANsquawk EU Open Rundown 23.08.17
23 Aug 2017, 06:57
Asian equities trade mixed as opening gains were trimmed amid the latest rhetoric from US President TrumpUS President Trump says he is willing to shutdown government to build the wall and is likely to scrap NAFTA at some stageLooking ahead, highlights include Eurozone and US PMIs, DoEs, ECB’s Draghi and Fed’s KaplanASIAAsia equity markets traded mixed as the region somewhat failed to sustain the impetus from Wall St, where the Nasdaq led the surge after rebounding from a 3-day...
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RANsquawk EU Open Rundown 22.08.17
22 Aug 2017, 06:52
Asian equities traded mostly higher in what was a particularly quiet session overnight. FX markets saw USD/JPY break back below 109.00US President Trump announced that the US plans to continue sending troops to Afghanistan to fight the terror tspaneatLooking ahead, highlights include UK PSNB data, German ZEW and APIsASIAAsian equity markets were mostly higher although news flow was remarkably light amid a lack of central bank speakers and macroeconomic data. Focus was on a speech...
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RANsquawk EU Open Rundown 21.08.17
21 Aug 2017, 06:54
Asian equities traded mostly lower as geopolitical tensions once again dampened sentimentTensions ratcheted up again as the US and South Korea were set to begin military drills. North Korea responded, tspaneatening a “merciless strike” on the USLooking ahead, today’s calendar sees a lack of tier 1 data or notable speakersASIAAsian equity markets traded mostly lower with the Nikkei 225 down by 0.4% amid geopolitical tensions on the Korean peninsula. Tensions ratcheted up again as...
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RANSQUAWK WEEK IN FOCUS: Central Bankers Convene In Jackson Hole, With UK GDP & The OPEC JTC Meeting Also Due
18 Aug 2017, 19:47
Key Events: - Monday:Tuesday:Wednesday:Thursday: Jackson Hole Symposium, UK GDP (Q2, 2nd)Friday: Jackson Hole Symposium, US Durable Goods Data (Jul), Japanese CPI (Jul)The highlight of the week will be the Fed’s annual Jackson Hole Symposium, which will begin on Thursday and run tspanough Saturday. Interest in the event peaked when...
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RANsquawk EU Open Rundown 18.08.17
18 Aug 2017, 07:27
Asian equities trade lower amid the rumours surrounding Cohn’s Tenure in the Trump administration and the terror attack in BarcelonaFX markets were relatively subdued with JPY the main mover amid safe-haven inflowsLooking ahead, highlights include Canadian CPI, Uni. Of Michigan and KaplanASIAAll major Asia-Pac indices traded in negative territory as the risk averse tone triggered by terror incidents in Spain and resignation rumours related to Trump’s chief economic advisor Cohn,...
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RANsquawk EU Open Rundown 17.08.17
17 Aug 2017, 06:51
FOMC minutes saw downside in USD and yields with the Fed cautious over inflation prospects for the USAsian equities were relatively indecisive. AUD/USD retreated from two-week highs following the latest Aus jobs reportLooking ahead, highlights include UK retail sales, Eurozone inflation, ECB minutes, Fed’s Kaplan and KashkariFOMC MinutesFOMC minutes showed that some policymakers were prepared to announce a starting date for winding down the balance sheet at the July meeting and...
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RANsquawk EU Open Rundown 16.08.17
16 Aug 2017, 06:54
Asia-Pac equities trade with a lack of direction amid light newsflow. Outperformance in KOSPI amid return from holidayFX markets are relatively tentative ahead of FOMC minutes. GBP/USD trades below 1.2900, EUR/USD and USD/JPY sidewaysLooking ahead, highlights include UK jobs report, Eurozone GDP, DoEs and the FOMC minutesASIAAsia equity markets followed on from the indecisive tone seen on Wall Street where quiet newsflow kept stocks rangebound. This resulted to a mixed picture in...
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FOMC July 2017 Meeting Minutes Preview
15 Aug 2017, 20:14
FOMC’s July 2017 Meeting Minutes Preview, Due For Release At 19:00 London, 14:00 New York On Wednesday 16th August 2017
The July meeting saw the Federal Reserve leave it Federal Funds target range unchanged at 1.00-1.25%, with a 9-0 vote. Heading into the decision focus was on the rhetoric surrounding the normalisation of the FOMC’s balance sheet, and the policy statement (Categories:
RANsquawk EU Open Rundown 15.08.17
15 Aug 2017, 06:54
Asian equities traded higher as geopolitical tensions cooled with outperformance in tech stocks also bolstering sentimentPrice action in FX markets centred around the JPY as the currency weakened on safe-haven outflows, which pushed USD/JPY above the 110.00 levelLooking ahead, highlights include German GDP, UK inflation, US retail sales, NZ Dairy Auction, APIsASIAAsian equity markets traded higher following the gains in US where the NASDAQ led the advances on continued tech...
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RANSQUAWK WEEK IN FOCUS: Central Bank Meeting Minutes Dominate, While UK Data Looms
14 Aug 2017, 11:20
Key Events: - Monday: Japan GDP (Q2, P)Tuesday: UK Inflation Data (Jul), US Retail Sales (Jul) RBA Meeting MinutesWednesday: FOMC Meeting Minutes, Eurozone GDP (Q2) UK Labour Market Report (Jun/Jul)Thursday: UK Retail Sales (Jul), Australian Labour Market Report (Jul), ECB Meeting Minutes (Jul)Friday: North America: - Wednesday...
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RANsquawk EU Open Rundown 14.08.17
14 Aug 2017, 06:58
Equity markets begin the week on the front foot with Asian bourses taking the firm lead from Wall Street.AUD traded in choppy fashion with initial outperformance offset by weak Chinese data.Looking ahead, highlights include Eurozone industrial production. ASIAAsian equity markets traded mostly higher following the rebound of US stocks last Friday on Wall Street where the NASDAQ outperformed amid tech strength, while a miss on CPI dampened prospects of a December Fed hike....