Thursday, 16 September, 2021
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
Friday, 17 September, 2021
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
Friday, 17 September, 2021
(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
Friday, 17 September, 2021
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
Friday, 17 September, 2021
(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
Friday, 10 September, 2021
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
Monday, 06 September, 2021
{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
Tuesday, 07 September, 2021
Summary of ECB Analyst Views • Most analysts expect the ECB to announce a slowdown in PEPP purchase rate, with a decision on the 2022 policy mix delayed until the December meeting. • Inflation forecasts are expected to be revised higher, with medium-term inflation still below target, while there is slightly less agreement among analysts on the direction of forecast revisions for medium term economic growth. Barclays • Given the improvement in economic conditions, the […] Read More
Wednesday, 08 September, 2021
(BFW) BlackRock Says ECB Meeting Paves Way for Additional Easing (Bloomberg) — The weak medium-term inflation outlook implies the central bank will have to step up its asset-purchase program after the PEPP expires in March, according to BlackRock Investment Institute. Also note investors should watch out for the longer-term policy implications of a new governing coalition in Germany, strategists including Wei Li and Elga Bartsch write in a note “A more conservative fiscal stance in […] Read More
Wednesday, 08 September, 2021
(NPW) Bank of England’s Bailey says pace of recovery is leveling off Bank of England Governor Andrew Bailey said Britain’s economic bounce-back from its COVID lockdowns was showing some recent signs of a slowdown and that he was a bit concerned about the problems facing companies trying to fill vacancies. “At the moment, we’re seeing some leveling-off of the recovery,” Bailey told the Treasury Committee in the lower house of parliament. He reiterated his view […] Read More
