MS expects to see an adjustment in the fiscal rules to allow further fiscal expansion via rise in ceiling on level of public investment from 3 to 3.5% og GDP and pushing back date for current budget balance by 2 years to FY2024/25. Gilt issuance to rise from £137bn in 2019-20 post-January remit adjustment to £146bn in 2020-2021.MS also note “The second key focus for investors of the Budget will be the consultation on RPI […] Read More
Terry McCrann: RBA did right thing, but it’s just the start of economic stimulus plan The Reserve Bank’s cut to the cash rate is the first move in a co-ordinated monetary plan that will boost the economy, writes Terry McCrann. https://www.heraldsun.com.au/business/terry-mccrann/terry-mccrann-rba-did-right-thing-but-its-just-the-start-of-economic-stimulus-plan/news-story/c0a098301b9c83baea4a1882156651b2 We are about to see the first co-ordinated fiscal and monetary action to boost the economy since the Rudd government’s “go hard, go early and go to households” spending splurge when […] Read More
Terry McCrann: Our softer fall cushioned by US Fed’s promise to cut interest rates Fed chairman Jerome Powell is jumping at shadows and feeding the greedy with his signal on interest rates. On Tuesday our RBA will make its call, but it won’t be just to keep the punters happy, writes Terry McCrann. Terry McCrann, Herald Sun Subscriber only | March 2, 2020 10:00pm Close Pause Loaded: 1.47% Current Time 0:00 / Duration 11:13 Fullscreen heraldsun.com.au US […] Read More
APPLE Warning = the ecosystem floodgates will open. Apple is the first and largest (by default) company to come out and explicitly warn for calendar Q1 half way through the quarter. The reasoning is two-fold and both shouldn’t be a shock: First; the worldwide iPhone supply is temporarily constrained; “While iPhone manufacturing partner sites are located outside the Hubei province – and while all of these facilities have reopened – they are ramping up more […] Read More
(BFW) Harker Repeats Fed Should Hold Interest Rates Steady for a While ——————————————————————————-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. Harker Repeats Fed Should Hold Interest Rates Steady for a While2020-02-12 13:30:00.2 GMT By Matthew Boesler (Bloomberg) — “My own view right now is that we shouldhold steady for a while and watch how developments and the dataunfold before taking any more action,” Federal Reserve Bank ofPhiladelphia President Patrick Harker says.* “It’s too early to say what impact the spread of thecoronavirus […] Read More
Terry McCrann: Interest rates are not moving this year — or into 2021 The RBA sees ever-so-slightly higher inflation coming and that means it’s unlikely to move interest rates higher for a while, writes Terry McCrann. February 4, 2020 8:51pm https://www.heraldsun.com.au/business/terry-mccrann/terry-mccrann-interest-rates-are-not-moving-this-year-or-into-2021/news-story/e4854846b336cb0127845898ff7421ca The Reserve Bank left its official interest rate unchanged, as I told you it would a week ago. More importantly, it is expecting to leave it unchanged pretty much into the foreseeable future. That […] Read More
With thanks to ginge who just got of the phone to the WHO Just spoken to the WHO press office.. today’s presser is a briefing on their recent trip to China.. the emergency council haven’t met yet. They tell me today WONT be to announce this as a global issue yet. ——————————————————————————-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
***Huge Sterling option volume today – over 500k now*** 510k of sterling options have traded so far today…452k of Calls vs 58k of puts Highest volume strikes: L H0 9950C 91k L H0 9937C 56k L M0 9950C 37k L H0 9962C 34k Summary of main trades: L G0 9937C paid 5.5 total 16,000 vs 9939 56%D L G0/H0 9950.62 CS Cal ppr pays 0.5 x10,000 (+H0) L K0 9950/62 CS ppr pays 0.75 x4000 […] Read More
(BN) Draghi Era at ECB Ended With Rallying Call for Unity on Policy ——————————————————————————-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. Draghi Era at ECB Ended With Rallying Call for Unity on Policy2019-11-21 12:30:00.8 GMT By Piotr Skolimowski (Bloomberg) — Mario Draghi’s tenure as European CentralBank president ended with an impassioned plea that policy makersstop airing differences in public and display a united front inthe fight to revive inflation. The Governing Council’s final meeting before the advent ofChristine Lagarde proved an occasion […] Read More
Not often you see a stock making 52 week high and 52 week low in the same 24 hours… 3313 HK managed that accolade after being dropped from MSCI inclusion “because of concerns about investability”… Looks like Vanguard maybe among those who played the reweight and got stung. {3313 HK Equity GPO <GO>} …. That’s got to sting a bit! ——————————————————————————-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
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