Tuesday, 03 September, 2019
03-Sep-2019 14:35:00 – ECB POLICYMAKERS LEANING TOWARD RATE CUT, TIERING, REINFORCED GUIDANCE IN SEPT 12 STIMULUS PACKAGE – FIVE SOURCES 03-Sep-2019 14:35:00 – MANY ALSO SUPPORT QE, BUT OPPOSITION FROM SOME NORTHERN STATES COMPLICATES DISCUSSION – SOURCES 03-Sep-2019 14:35:00 – ECB HAS ROOM FOR ABOUT 1 YEAR OF QE USING FLEXIBILITY UNDER EXISTING RULES, NO IMMEDIATE NEED TO CHANGE ISSUER LIMIT – SOURCES 03-Sep-2019 14:35:00 – ANY ECB RATE CUT IS LIKELY TO BE ACCOMPANIED […] Read More
Thursday, 29 August, 2019
(BN) ECB’s Knot Says Economy Doesn’t Yet Warrant Resumption of QE ——————————————————————————-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. ECB’s Knot Says Economy Doesn’t Yet Warrant Resumption of QE2019-08-29 14:37:31.220 GMT By Piotr Skolimowski and Ruben Munsterman (Bloomberg) — European Central Bank policy maker KlaasKnot said the euro-area economy isn’t weak enough to warrant theresumption of bond purchases and such a step shouldn’t be takenunless the slowdown worsens. While the Dutch central-bank governor said he’s open to aninterest-rate cut, his remarks echo […] Read More
Thursday, 29 August, 2019
Bberg article out yesty evening “For the first time since President Trump was elected, more Americans say the economy is getting worse than getting better. A new Quinnipiac Poll shows 37% saying the economy is declining, compared with 31% who continue to see improvement. Only 30% say the economy is staying about the same, the lowest number on record. Polls have consistently shown the economy to be Trump’s strongest suit, but the Quinnipiac poll could be a turning […] Read More
Tuesday, 27 August, 2019
– 03 Sep: Commons returns from summer recess. Earliest opportunity for tabling of motion of no confidence in the gov’t. – 04 Sep: Earliest date a vote of no confidence (VoNC) could be held. – 12 Sep: Commons set to rise for party conference recess. – 12-17 Sep: Liberal Democrat party conference-Bournemouth. – 18 Sep: If VoNC succeeds on 04 Sep, Commons must pass motion of confidence in gov’t by this date or general election […] Read More
Friday, 23 August, 2019
(NYT) As Trump Calls for Cuts, Powell Stresses Limits of Fed 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. As Trump Calls for Cuts, Powell Stresses Limits of Fed Policy2019-08-23 14:00:44.731 GMT By Jeanna Smialek (New York Times) — Federal Reserve Chair Jerome H. Powell on Friday keptfuture interest rate cuts squarely on the table while stressing that thecentral bank’s powers to right the economy are limited by President Trump’strade policies, which continue to pose risks to the economic outlook. “While […] Read More
Friday, 23 August, 2019
want a bit of each way on Jackson hole? 130.25 c is 5/6 (64s) 129.p is 2/4 (64s) or RX 177.5 p is 13/14 178c is 7/9 (these expire after Powell but tight 4.15 with a 30 min exercise window, so 4.45 in practice) ——————————————————————————-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, 23 August, 2019
long 25,000 175 P long 25,000 174.50 P long 12,500 174 P short 25,000 176 C short 25,000 176.50 C short 12,500 177 C with the futures edging lower we are nearing the area i’d expect to see this liquidated… we have previously seen this account buy back their calls first and then move to sell their P which usually swings vol around presenting opportunity. they have also liquidated their position entirely before also. mkt […] Read More
Tuesday, 20 August, 2019
CITI – Month-end changes most supportive for Germany EMU Government Bond Index (EGBI) We expect the EGBI to remain unchanged at the end of August. This is lower than the average end-August changes over the past four years. Weighted duration changes most supportive for Germany Month-end changes should be most supportive for Germany, followed by France and Spain. The extension in the German and French indices is driven by an increase in […] Read More
Monday, 19 August, 2019
(DPA) Eurozone inflation falls to 1 per cent in July, well below target ——————————————————————————-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. Eurozone inflation falls to 1 per cent in July, well below target2019-08-19 09:02:17.710 GMT Eurozone inflation falls to 1 per cent in July, well below target Luxembourg (DPA) — The annual rate of inflation across theeurozone fell to 1 per cent in July, according to a revisedestimate released by the European Union's statistics agencyEurostat on Monday.This takes year-on-year inflation down 0.3 […] Read More
Wednesday, 14 August, 2019
(BN) RBA Has Already Taken First Step on Path to QE, Deutsche Argues ——————————————————————————-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 Has Already Taken First Step on Path to QE, Deutsche Argues2019-08-14 06:22:36.205 GMT By Michael Heath (Bloomberg) — Australia could already be on a path towardunconventional policy, Deutsche Bank AG said, noting the ReserveBank’s expectation that interest rates will be low for some timeis similar to language used by the Federal Reserve and EuropeanCentral Bank before ultimately turning to QE. […] Read More
