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Newsquawk

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Original insights into market moving news

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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RANsquawk EU Open Rundown 03.10.17

03 Oct 2017, 06:45

  • In FX, the USD remained firm against its major counterparts. RBA kept rates unchanged as expected and highlighted the firmer currency

  • Asian equities traded mostly higher with the Hang Seng outperforming in a catch-up play from yesterday’s holiday

  • Looking ahead, highlights include UK construction PMI, US vehicle sales and APIs

ASIA

Asia equity markets were...
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RANsquawk EU Open Rundown 02.10.17

02 Oct 2017, 06:57

  • Asian equities traded broadly higher with many bourses closed for domestic holiday’s

  • EUR/USD faced selling pressure following public unrest and clashes during the Catalonian referendum

  • Looking ahead, highlights include Eurozone PMIs, US ISM Manufacturing, ECB’s Praet and Fed’s Kaplan

ASIA

Asia-Pac equity markets were mostly higher on what...
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Week In Focus: NFPs, RBA, ECB Minutes & PMIs Provide A Broad Spread Of Risk Events This Week

29 Sep 2017, 17:56 by Samuel Indyk

Key Events: -

 

Monday:

 

Tuesday: RBA MonPol Decision                                           ...

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PREVIEW: Catalonian Referendum on Independence – Sunday 1st October

29 Sep 2017, 14:39

PREVIEW: Catalonian Referendum on Independence – Sunday 1st October

BACKGROUND

Despite 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 hold the referendum, the quest for independence was dealt a blow after the Spanish Constitutional Court declared the...
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RANsquawk EU Open Rundown 29.09.17

29 Sep 2017, 06:56

Asian equities head into the weekend on a mostly positive note as the region digested a slew of data

USD/JPY nursed some of the prior day’s declines, which was slightly aided by the release of the BoJ’s Summary of Opinions

Looking ahead, highlights include UK GDP, Eurozone CPI, US PCE, Personal Spending, Chicago PMI and a slew of central bank speakers

ASIA

Asia equity markets were positive on what was a range-bound day heading into quarter-end and after a similar close on Wall St,...
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RANsquawk EU Open Rundown 28.09.17

28 Sep 2017, 06:55

Initial gains in Asia-Pac bourses petered out tspanoughout the session with newsflow relatively light and ahead of next week’s Chinese holiday

CAD hampered by a more cautious Poloz. RBNZ kept rates unchanged but noted that uncertainties remain

Looking ahead, highlights include German regional & national CPIs, US GDP, PCE figures and a slew of central bank speakers

ASIA

Asia equity markets traded mixed after momentum from US petered out and as China prepares for National Day Golden...
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RANsquawk EU Open Rundown 27.09.17

27 Sep 2017, 06:56

Asian equities saw a lack of firm direction overnight after a mixed close on Wall Street which saw the DJIA post its 4th consecutive loss

Fed Chair Yellen reiterated that a gradual approach to rate hikes is appropriate but also warned of moving too gradually

Looking ahead, highlights include US durables, Pending Home Sales, DoE, RBNZ rate decision and further central bank speak

ASIA

Asia equity markets were mixed amid a lack of catalysts and after similar indecisiveness on Wall St....
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RANsquawk EU Open Rundown 26.09.17

26 Sep 2017, 06:56

Asian equities traded with little in the way of firm direction as equity markets sspanugged off mounting geopolitical tensions

NZD extended on post-election losses with disappointing domestic data adding to the woes for the Antipodean currency

Looking ahead, highlights include US new home sales, APIs, ECB’s Praet, Fed’s Mester and Brainard, US 2yr note auction

ASIA

Asia equity markets lacked any solid direction after the weak momentum from US where all 3 major indices closed negative...
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RANsquawk EU Open Rundown 25.09.17

25 Sep 2017, 06:58

This weekend saw elections in Germany and New Zealand whereby the incumbents both claimed victory but failed to secure a majority

This subsequently hampered NZD and to a lesser extent EUR with both main parties now eyeing coalition talks

Looking ahead, highlights include German IFO, and a slew of central bank speakers

ASIA

Asia equity markets began the week subdued as FX took much of the focus amid post-election hangovers from New Zealand and Germany where the incumbents in both won...
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RANSQUAWK WEEK IN FOCUS: Is Anyone Tired Of Politics Yet? Oh And The RBNZ Meets As Well….

22 Sep 2017, 18:23 by Samuel Indyk

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)

 

Politics:...

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PREVIEW: German Federal Election 24th September 2017

22 Sep 2017, 10:16

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 way to form an actual government.

VOTING SYSTEM

In order to get as representative system as possible, Germany uses a relatively complicated...
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RANsquawk EU Open Rundown 22.09.17

22 Sep 2017, 07:11

DAILY EUROPEAN OPENING NEWS: Asian equities faced selling pressure overnight amid tspaneats of further hydrogen bomb tests from North Korea

Asian equities faced selling pressure overnight amid tspaneats of further hydrogen bomb tests from North Korea

The risk-off sentiment spurred flows into JPY. Focus for GBP remains on today’s speech by UK PM May

Looking ahead, highlights include Eurozone services and manufacturing PMIs, Canadian retail sales & CPI, UK PM May and a slew of central bank...
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Preview: OPEC/non-OPEC Joint Ministerial Monitoring Committee Meeting, Friday 22nd September 2017

21 Sep 2017, 17:47

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 joined the pact, the most notable being Russia, bringing the total pledged production cut up to 1.8mln bpd. The current OPEC/non-OPEC production deal is set to expire in March 2018.

The Joint Monitoring...
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RANsquawk EU Open Rundown 21.09.17

21 Sep 2017, 06:56

FOMC announced plan to begin balance sheet normalization as anticipated, and suggested increased prospects of a 3rd rate hike for 2017

The USD strengthened and yields rose after the decision as markets have to reprice expectations of hikes

Looking ahead, highlights include weekly jobs data, Philly Fed, ECB’s Praet and Draghi

FED DECISION

The FOMC confirmed plans to begin sspaninking the balance sheet in October, following the schedule set out in July.

The fed kept the FFR...
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