Tuesday, 07 May, 2019
ITALY DEPUTY PM SALVINI SAYS GOVERNMENT WILL CUT TAXES IN 2019 EVEN IF IT MEANS BREAKING THE EU 3 PCT DEFICIT/GDP LIMIT ——————————————————————————-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, 07 May, 2019
(BFW) RBA Leaves Cash Rate Target Unchanged at 1.50% ——————————————————————————-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. BFW 05/07 04:30 *RBA LEAVES CASH RATE TARGET UNCHANGED AT 1.50% RBA Leaves Cash Rate Target Unchanged at 1.50%2019-05-07 04:32:20.877 GMT By Garfield Reynolds (Bloomberg) — Reserve Bank of Australia leaves keyinterest rate unchanged at record-low 1.5% for 30th consecutivemeeting.* RBA Governor Philip Lowe says in statement Tuesday: “The Boardjudged that it was appropriate to hold the stance of policyunchanged at this meeting. In doing […] Read More
Tuesday, 07 May, 2019
This is an interesting price point for YM {97<GO>} lets see if the longs going in get some resilience here or stops get triggered into London session.. been a good level on a few occasions. the banks will start putting out pieces defending their cut calls and the statement is dovish etc, but as we have been putting out for the last 10 odd sessions, mkt was getting long YM vs everything, IR, IR reds, […] Read More
Friday, 03 May, 2019
Jay Powell battles with messaging at the Federal Reserve Part of the problem for the central bank chairman is a lack of clarity of when to move on rates Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 […] Read More
Friday, 03 May, 2019
GBP.. short sterling a little soggy after Corbyn cmmts? CABLE up – major parties now in panic mode to sort out brexit after the disastrous local election results Jeremy Corbyn, leader of Britain’s Labour Party, said on Friday local election results should spur lawmakers to find a way to break the deadlock over Brexit and “get a deal done” to leave the European Union. Corbyn was quoted by ITV as saying there was now a […] Read More
Thursday, 02 May, 2019
(BN) Bank of England Hints at Slow Hikes as Growth Outlook Raised ——————————————————————————-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. Bank of England Hints at Slow Hikes as Growth Outlook Raised2019-05-02 11:00:03.442 GMT By David Goodman and Lucy Meakin (Bloomberg) — The Bank of England signaled that the marketis slightly underpricing the outlook for interest-rate increasesover the next three years as long as Brexit goes smoothly. Officials said the inflation rate will be above the 2percent target and rising in 2021 if […] Read More
Monday, 29 April, 2019
A rate cut at next Tuesday’s Reserve Bank meeting is possible but remains most unlikely. I have to at least allow for the possibility after my unqualified prediction last week that there would not be a cut — against the all but entire economentariat rate-cut consensus — as my comment contained a significant error. MORTGAGE CUSTOMERS STUNG BY HIGH RATES CENTRAL BANK MAY NEED TO CUT BELOW 1PC I quoted the Financial Review as having […] Read More
Monday, 29 April, 2019
BTP Longs At Extremes – BTPs stand out for their extreme long structural positioning in our latest update (as of April 26), with few changes seen elsewhere in futures positioning since April 12. – German futures have been relatively steady over the past month, with overall positioning unchanged. – Schatz positioning remains flat, with longs set last week. Bobl positioning remains long, with more longs set last week. – Bund and Buxl both remain flat, […] Read More
Tuesday, 30 April, 2019
Frederik Ducrozet – Pictet-comments post data : To be sure, this week’s stronger-than-expected euro area data shouldn’t prevent the ECB from easing. Their key objective will be to *preserve* the fragile recovery, with soft-ish credit data also helping to justify TLTRO-III at negative rates, in our view. ——————————————————————————-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
Wednesday, 17 April, 2019
EU To Reveal Max Trade Retaliation List Versus US By David Thomas LONDON (MNI) – The EU Commission is poised to publish next Wednesday a list of counter tariffs to US moves earlier this week to impose USD 11 billion of tariffs on EU exports. An EU official said that the list would be a “max-list”, entailing that only a subset of what is on the list of U.S. goods that could potentially be subject […] Read More
