14:16:20 CHRIS JARVIS: CPI missing has cleared the road for yields to keep grinding lower into retail sales and OpEx later in the week. This was the view I held last week but may have jumped the gun a bit with the trade idea. CPI beating was flagged as the key risk to expressing a view where markets price in lower growth and inflation while risk wobbles. We are starting to see this risk be […] Read More
https://newsletters.briefs.bloomberg.com/document/yYld-gEGcPsjNZLzs3balA–_b7z4cnqb70dzj94rma The latest U.K. jobs data suggest the labor market was carrying significant momentum over the summer, but how employment and wages respond to the furlough scheme ending this month will be central to the timing of any move from the Bank of England; The European Central Bank is having a dampening effect on volatility (to the benefit of carry trades) for now, before the big decisions on asset purchases are made later this year; […] Read More
Markets may be overestimating Delta’s impact – ECB’s Schnabel – Reuters Sentiment:Mostly negative 15-Sep-2021 13:47:36 FRANKFURT, Sept 15 (Reuters) – Euro zone real interest rates are puzzlingly low, European Central Bank board member Isabel Schnabel said on Wednesday, arguing that investors may be overestimating the impact of the Delta variant of the coronavirus on the economy. “The market may be overestimating the risks to the global growth outlook from the spread of the more contagious […] Read More
following on BAML yesterday bringing forward to Feb, full piece from earlier today:: BOE: GS push forward first BOE hike forecast: * Goldman Sachs has pushed forward its initial Bank Rate hike to May 2022 (15bp) “to be followed by subsequent increases of 25bps every two quarters, putting Bank Rate at 0.5% in 2022Q4, 0.75% in 2023Q2 and 1.0% in 2023Q4.” * They expect reinvestments to cease when Bank Rate reaches 0.5% in Q422 […] Read More
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.https://www.ft.com/content/0ee1336d-1c7c-43b5-a8ed-f141f31fb70e The European Central Bank expects to hit its elusive 2 per cent inflation target by […] Read More
(BN) ECB’s Kazaks Sees Prospect of Faster Inflation Than Forecast The euro area’s inflation outlook may turn out higher than currently anticipated if the coronavirus doesn’t inflict any further shocks, according to European Central Bank Governing Council member Martins Kazaks. The region’s stabilizing economic recovery, persistent supply bottlenecks and rising expectations all point to possible faster-than-forecast price gains, he said in an interview on Thursday. Just last week the ECB revised up its inflation projections […] Read More
EQUITIES are we there yet? {97<GO>} ——————————————————————————-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. Read More
(Bloomberg) — Today is triple witching for stocks and it’s estimated $3.4 billion of equity options are set to expire. This coupled with the start of the corporate blackout window could really put dip buyers in stocks to the test. This all takes place while the S&P 500 index dances above the 50-dma, a level where dip buyers have placed their wagers several times in the last year. If these buyers show up, it might […] Read More
Neil is living with a brain tumor and Brain Tumor UK would love your contribution. If you know Neil or the cause is close to your heart take some time to contribute to this very worthy charity. Or even join the walk on the 25th of September to show your support ———————————————————— Walk of hope Read More
{GB} Reminder this wk The domestic highlight of the week ahead will be the Treasury Select Committee hearing on Wednesday with Governor Bailey, Broadbent, Ramsden and Tenreyro all due to testify. Since the MPR was released we have received some mixed June activity data (services stronger than expected but manufacturing and construction weaker) but then we have seen softer CPI and retail sales data for July and mixed PMI data for August. Market pricing has […] Read More
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