Monday, 30 November, 2020
Bloomberg-BarclaysIndex Extensions US Tsys 0.16Y, MBS 0.08Y, EGBs 0.04Y, Gilts minus 0.01Y Huge shift expected from equities to bonds, combines with large UST extn If equity markets stay roughly where they are, then the November rally would be largest upside move in a month for European indices over the past 10 years of data and not far off for the US. This should lead to a tremendous switch by indexed/balanced funds into the debt market. […] Read More
Wednesday, 25 November, 2020
Please be advised of the following changes to the trading schedule due to forthcoming Christmas and New Year holidays. Items in red are not yet confirmed and based on what occurred on last year. Thursday 24th December CBOE Earlier close EUREX Market closed for all products EURONEXT Equity options and Index options close at 12:.55 London time. Commodity and Index Futures at 13:00. Single Stock Futures will […] Read More
Tuesday, 17 November, 2020
New Deposit Facility A BOJ Warning To RegionsNI INSIGHT: By Hiroshi Inoue TOKYO (MNI) – The Bank of Japan’s introduction of a Special Deposit Facility for regional banks should not be seen as a measure of blanket support for the sector in its current form but rather as the central bank pushing for greater reform and consolidation with the aim of strengthening the wider financial system, MNI understands. The Covid-19 pandemic has added to the […] Read More
Tuesday, 17 November, 2020
SOMETHING TO THINK ON: with Tesla +13% on index inclusion news after hours, the stock move will add $50bn to its market cap. Moderna’s entire market cap is $38bn. So the selection committee of the S&P 500 have managed to create more market value by adding Tesla to an index than the team of scientists at Moderna did by inventing a successful vaccine against a global pandemic. ——————————————————————————-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
Monday, 09 November, 2020
(APW) Pfizer Says Early Data Signals COVID-19 Vaccine Is Effective ——————————————————————————-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. Pfizer Says Early Data Signals COVID-19 Vaccine Is Effective2020-11-09 12:47:19.2 GMT By LINDA A. JOHNSON and LAURAN NEERGAARD (AP) — Pfizer says an early peek at its vaccine datasuggests the shots may be 90% effective at preventing COVID-19,indicating the company is on track later this month to file anemergency use application with U.S. regulators. Monday's announcement doesn't mean a vaccine is imminent:This interim analysis, […] Read More
Friday, 06 November, 2020
BofA recommend tactically shorting 10-year Treasuries at 0.765%, targeting a move to 0.90% and placing a stop at 0.70%, as the post-election rally appears to be an overreaction, according to BofA. There are five key reasons for the trade: Post-election rally is largely fueled by positioning led unwind, which is partly evidenced by the lack of reaction to the stocks rally, strategists including Ralph Axel write in a note Still see a relatively high probability of some […] Read More
Wednesday, 04 November, 2020
USA!USA!USA! Irrespective of who wins, one thing we do know with 151 years of combined wisdom, America should be proud of their two gladiators ——————————————————————————-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
Thursday, 05 November, 2020
Terry McCrann: Big banks had a pretty good year The big profit plunges reported by the big four banks do not give an accurate guide to how they actually performed through the year — they’ve come through the pandemic pretty well, writes Terry McCrann. Terry McCrann, Herald Sun| November 5, 2020 8:30pm https://www.heraldsun.com.au/business/terry-mccrann/terry-mccrann-big-banks-had-a-pretty-good-year/news-story/306ad0b915a6bde49ad63a4ed5e890dc Like — most of — the rest of Australia, the big four banks have actually had a pretty good pandemic. The big […] Read More
Thursday, 05 November, 2020
MNI REVIEW: BOE Boosts QE More Than Expected, May Vary Pace By David Robinson The Bank of England boosted its gilt purchases by a greater-than-expected GBP150 billion to a total GBP895 billion by the end of 2021 as it downgraded its economic outlook, and said it could slow purchases later or step up their pace “should market functioning worsen materially.” If the inflation outlook weakens, the Bank would “take whatever additional action was necessary to […] Read More
Tuesday, 03 November, 2020
Terry McCrann: Why Reserve Bank went zero-point-one With the most widely anticipated Reserve Bank decision in years, and a strong rise overnight on a Wall St, our market has risen strongly — but it is headed for both immediate and longer-term volatility, writes Terry McCrann. https://www.heraldsun.com.au/business/terry-mccrann/terry-mccrann-why-reserve-bank-went-zeropointone/news-story/d751d20af10d26ccb057bfa1a5c8ce93 We have finally joined the rest of the world in full-on 150-proof money-printing more formally known as quantitative easing or QE. It will have one clear major effect – […] Read More
