Monday, 31 January, 2022
Summary of Analyst Views: • Analysts are unanimous in expecting no change in monetary policy at the February meeting given the December announcement and the lack of fresh economic forecasts. • President Lagarde is expected to reaffirm the December announcement and push back against premature policy rate hikes. BNP Paribas • ECB policy is on autopilot now following the announcements at the December meeting with no new policy decisions expected this week. • Nonetheless, BNP […] Read More
Tuesday, 25 January, 2022
VOLATILITY: Bespoke Investment Group finds only five prior instances since its records began when the Nasdaq Composite fell as much as 4% intraday and finished in positive territory: 28th Oct 1997 (NDX fell -3.5% in following 10days with a 500bps trading range. VIX was @ 24) 26th Oct 2000 (NDX fell -3.7% in following 10days with an 800bps trading range. VIX was @ 24) 15th July 2002 (NDX fell -5% in following 10days with a […] Read More
Monday, 24 January, 2022
FOMC – Bank Views This Wednesday FOMC rate decision at 19.00GMT/14.00ET. Presser at 19.30GMT/14.30ET JPM: JPM economists expect the FOMC will use the January meeting statement to signal the high likelihood of a rate hike at the subsequent meeting in mid-March. They also look for the Fed to continue to taper down asset purchases at the pace determined at the December meeting. There is a risk (perhaps one-in-four) that the Fed completely ceases purchasing assets […] Read More
Monday, 24 January, 2022
Australian CPI data and US Fed Reserve decision will shake up the economic outlook this week Australian inflation data and the outcome of the Fed Reserve policy meeting in the US have the potential to dramatically shake up the economic outlook this week. Terry McCrann January 24, 2022 – 8:30PM The year will finally and really get underway with two events that straddle Australia Day. Tuesday, a day early precisely because of Australia Day, we […] Read More
Sunday, 23 January, 2022
Sent from Bloomberg Professional for iPhone ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Goldman Sees Risk Fed Will Tighten at Every Meeting From March2022-01-23 07:16:44.193 GMT By Simon Kennedy (Bloomberg) — Goldman Sachs Group Inc. economists saidthey see a risk the Federal Reserve will tighten monetary policyat every policy meeting from March, a more aggressive approachthan the Wall Street bank currently anticipates. The Goldman Sachs economists led by Jan Hatzius said in aweekend report to clients that they currently expect interest-rate […] Read More
Thursday, 20 January, 2022
{AU} Terry McCrann All eyes on interest rates in 2022 Outside of Covid the big talking point next year will be about whether interest rates go up, and if so how quickly and by how much? Ahead of its February meeting, the RBA will get the December quarter inflation numbers. They will be ‘interesting’. But it won’t get the next wages numbers until later in February ahead of its March meeting. That’s when we will […] Read More
Friday, 21 January, 2022
AFR: Why equities could fall sharply […] Read More
Wednesday, 19 January, 2022
From: Lorberg, Stuart <Stuart.Lorberg@cmegroup.com> Sent: 19 January 2022 12:11Subject: Useful chart & text – Liquidity is shifting to SOFR Good afternoon, Plse see below – a useful ref to the pace at which ED Futures are transitioning to SOFR at present + a reference once again to the recently enhanced ED/SOFR Futures ICS at finer pricing – 0.001 bp. All feedback welcome of course. Stu View […] Read More
Friday, 14 January, 2022
*AUSTRALIA CANCELS DJOKOVIC VISA: REPORTS Djokovic’s visa has been cancelled By Anthony Galloway Immigration Minister Alex Hawke has used his personal power to cancel Novak Djokovic’s visa, as his lawyers prepare to file an immediate injunction against the decision. The move has thrown the world tennis no.1’s quest for a 10th Australian Open into turmoil with the tournament to begin on Monday. If he doesn’t challenge the decision in the courts or is unsuccessful in […] Read More
Wednesday, 12 January, 2022
GUNDLACH…. *Gundlach focused heavily on signals that the U.S. economy could be weakening, saying that “I do think recessionary pressure is building” and comparing the state of the U.S. economy to the inflationary period in the 1970s under President Jimmy Carter. Consumer sentiment has weakened and “given up the ghost,” and looks to be at a recessionary level, Gundlach said. *Gundlach went through several data points suggesting that he was right last year to predict […] Read More
