Tuesday, 08 October, 2019
for the RBA watchers Ashley Joye (ARCHR LLP ) Subject: FW: AFR – QE ‘most effective’ with broader fiscal policies QE ‘most effective’ with broader fiscal policies John KehoeSenior Writer Oct 8, 2019 — 5.30am https://www.afr.com/policy/economy/qe-valuable-with-fiscal-support-lowe-20191007-p52yaz Reserve Bank of Australia (RBA) governor Philip Lowe has endorsed “valuable” crisis-era central bank tools, such as buying financial assets and negative interest rates to protect economies from recession, but warned their use must be supported by […] Read More
Monday, 07 October, 2019
USA UST:::: Everything fading the move on the steepening in UST’s we cant determine if its taking profit or putting on positions, but would imagine its a bit of column A and a bit of column B, we have int currently to do the same in 2/10 and 5/20 and 10/30 outside of the trades don into the exchange there were some chunky blocks towards the end of the LDN day. This was Friday… $1.15m […] 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
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
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
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
EXECUTIVE SUMMARY * XI HAILS FUTURE OF CHINA-HONG KONG BOND ON TENSE NATIONAL DAY * NY FED CUTS SIZE OF OVERNIGHT REPO OPS BACK TO $75BN * BLOCK BREXIT DELAY, BORIS JOHNSON URGES EU (THE TIMES) * LATEST RUMOURS RE: UK BREXIT PLANS NOT WELL RECEIVED IN IRELAND * ITALY LIFTS DEFICIT GOALS, BUT SEEKS TO AVOID EU FIGHT (RTRS) * WEAK 10-YEAR JGB AUCTION SEEN – WILL PRESSURE TY IF HONG KONG REMAINS STABLE […] Read More
Tuesday, 01 October, 2019
Focus Events, Tuesday 1st October (Times quoted BST) EU session: 05:30 – RBA RBA RBA RBA 08:15- US: Fed’s Evans (voter, Dove) at Bundesbank event 08:45- IT: Manufacturing PMI 08:50- FR: Manufacturing PMI 09:00- EZ: Manufacturing PMI 09:30- UK: Manufacturing PMI 10:00- EZ: CPI 10:20- AUS: RBA’s Lowe speaks following rates decision European supply: 10:30- UK: £2.25bn 20-year Gilts US session: 13:50- US: Fed’s Clarida (voter, Dove) at AI conference 14:30- US: Fed’s Bowman (voter, […] Read More
Tuesday, 01 October, 2019
(BFW) RBA Cuts Key Rate to 0.75%, as Seen by Most Economists Surveyed *RBA: WAGES GROWTH SUBDUED, WITH LITTLE UPWARD PRESSURE *RBA: PREPARED TO EASE MONETARY POLICY FURTHER IF NEEDED *RBA: BOARD WILL CONTINUE TO MONITOR DEVELOPMENTS *RBA: INDICATORS SUGGEST EMPLOYMENT GROWTH LIKELY TO SLOW *RBA SEES INFLATION A LITTLE UNDER 2% OVER 2020 *RBA: MAIN UNCERTAINTY IS OUTLOOK FOR CONSUMPTION *RBA: PREPARED TO EASE MONETARY POLICY FURTHER IF NEEDED *RBA: INFLATION PRESSURES LIKELY TO […] 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
