Tuesday, 01 October, 2019
Terry McCrann: Reserve Bank likely to cut rate even further Today’s interest rate cut could just be the beginning — the rate’s now at a mind-boggling all-but zero 0.75 per cent and could conceivably go to zero, writes Terry McCrann. | October 1, 2019 3:19pm https://www.heraldsun.com.au/business/terry-mccrann/terry-mccrann-reserve-bank-likely-to-cut-rate-even-further/news-story/26fd3d08e5c0ebdfab3b6cd872070d38 The big message out of today’s official interest rate cut is that the Reserve Bank is prepared to and almost certainly will cut it even lower. At the start […] Read More
Tuesday, 01 October, 2019
(BN) Lowe Says Monetary Policy Is Working as RBA Joins Race to Bottom ——————————————————————————-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. Lowe Says Monetary Policy Is Working as RBA Joins Race to Bottom2019-10-01 09:20:00.3 GMT By Chris Bourke (Bloomberg) — Australia’s central bank chief reaffirmedhis faith in monetary policy just hours after cutting interestrates for a third time this year, despite the earlier moves sofar mainly serving to refuel the housing market. While the Reserve Bank board decided to cut the cash […] Read More
Tuesday, 01 October, 2019
;widows: 2;-webkit-text-stroke-width: 0px;text-decoration-style: initial;text-decoration-color: initial;word-spacing:0px”>Now it’s at 0.75 per cent and headed to a really weirder and — what’s a stronger word than a rather inadequately sounding “more troubling?” — 0.5 per cent. But the really, really — ultra, extreme? — weird and troubling point is that this is on the assumption that the world economy keeps ticking over in reasonable shape. The RBA cut and will cut again into its own internal expectations that economic growth […] Read More
Wednesday, 02 October, 2019
——————————————————————————-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. Brexit Plan Revealed: Telegraph Obtains Proposal Boris Johnson Will Send to Brussels2019-10-02 00:28:38.571 GMT By Peter Foster, Europe Editor (Telegraph) — Boris Johnson will on Wednesday unveil a radicalnew ‘two borders for four years’ Brexit plan which will leaveNorthern Ireland in a special relationship with Europe until2025, The Telegraph can reveal. The plan, which was briefed to major EU capitals on Tuesday, willaccept the need for both a regulatory border between the UK andNorthern […] Read More
Friday, 27 September, 2019
Saudi Arabia Agrees Partial Cease-Fire In War-Shattered Yemen – WSJ oil ticking lower BEIRUT—Saudi Arabia has moved to impose a partial cease-fire in Yemen, say people familiar with the plans, as Riyadh and the Houthi militants the kingdom is fighting try to bring an end to the four-year war that has become a front line in the broader regional clash with Iran. Saudi Arabia’s decision follows a surprise move by Houthi forces to declare a […] Read More
Monday, 30 September, 2019
• 20 of the 27 surveyed by Bloomberg look for the RBA to cut its cash rate by 25bp to 0.75% at its October 1 meeting. ANZ: We expect the RBA to cut by 25bp on Tuesday, taking the cash rate down to 0.75%. • We think the recent employment data has made the case. The decline in private sector job vacancies is accelerating and now dragging down the overall level of vacancies. […] Read More
Wednesday, 25 September, 2019
Focus Events, Wednesday 25th September (Times quoted BST) EU session: 07:45- FR: Consumer Confidence 08:00- EZ: ECB’s Couere (Dove) second roundtable on euro risk-free rates 11:00- EZ: ECB’s Lautenschlager (Hawk) on cybersecurity European supply: 10:00- IT: €1-1.5bn 2-year CTZ 10:00- IT: €0.25-0.5bn 22-year BTPei 10:30- GER: €3bn 10-year Bund US session: 13:00- US: Fed’s Evans (Voter,Dove) on economy and monetary policy 14:05- UK: BoE’s Carney (Neutral) moderates climate change panel 15:00- EZ: ECB’s Couere (Dove) […] Read More
Wednesday, 25 September, 2019
* PELOSI ANNOUNCES IMPEACHMENT INQUIRY INTO TRUMP * CHINA’S WANG REJECTS U.S. CRITICISMS, SAYS BOTH SIDES SHOULD COOPERATE (RTRS) * CHINA TO KEEP SUPPORTING PORK, SOY PURCHASE FROM U.S. (XINHUA) * CHINA PREPARING TO BUY MORE U.S. PORK AS TRADE TALKS REVIVE (BBG) * RBNZ LEAVES RATES ON HOLD, POLICY ROOM IF NEEDED (MNI) * EU GETS FOURTH SET OF U.K. PROPOSALS WITH BACKSTOP ALTERNATIVES (BBG) Risk tone is on the backfoot following Trump’s harsh […] Read More
Wednesday, 25 September, 2019
big levels we bounced from last night, this is the support channel A break opens up the other levels towards the 2800 lows from Aug HIGHLIGHTED below {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
Tuesday, 24 September, 2019
(BN) RBA’s Lowe Sees Economy Picking Up, Fails to Signal Imminent Cut ——————————————————————————-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. RBA’s Lowe Sees Economy Picking Up, Fails to Signal Imminent Cut2019-09-24 10:05:00.8 GMT By Michael Heath (Bloomberg) — Australia’s central bank chief Philip Lowereiterated that his economy is at a “gentle turning point” andgave little indication that an interest-rate cut was in theimmediate offing, potentially disappointing economists expectingone within days. “At our board meeting next week, we will again take stockof the […] Read More
