Monday, 27 February, 2017
By Anooja Debnath and Netty Ismail (Bloomberg) — The pound fell against all its major peers after The Times reported that U.K. Prime Minister Theresa May’s team is preparing for Scotland to potentially call for an independence referendum. Sterling, which has been held hostage by politics since a Scottish referendum in 2014, fell as much as 0.6 percent after the newspaper cited unidentified government sources as saying May could agree to a new Scottish vote, […] Read More
Friday, 06 January, 2017
US BLS: Payrolls Mediocre But Wages Highest in 7 Yrs –Nov Trade Deficit Widens to $45.2 Bln By Denny Gulino and Kevin Kastner WASHINGTON (MNI) – Nonfarm payrolls came in Friday on the mediocre side in December, adding 153,000 and failing to meet expectations, but the over-the-year wage gains strength surprised, up the most since 2009. The Bureau of Labor Statistics reported the unemployment rate ticked up a tenth as expected, to […] Read More
Thursday, 05 January, 2017
GOLDMAN SACHS RAISES 10-YEAR U.S. TREASURY YIELD FORECAST TO 3.0 PCT BY END OF 2017 FROM 2.75 PCT Ashley Joye Managing Partner T +44 (0)20 7422 2975 M +44 (0)7796 308 391 E ashley.joye@archr.com 49 Carnaby Street, London, W1F 9PY United Kingdom ARCHR.COM Archr LLP is Authorised and regulated by the Financial Conduct Authority (FCA reference 617163). Archr LLP is not covered by the Financial Services Compensation Scheme (FSCS). Archr […] Read More
Thursday, 05 January, 2017
2017 Year ahead outlooks BAML: Global Rates Outlook ( December 9): Rates- US duration to underperform: BAML maintains a bearish view on the belly of the US curve. From this perspective fiscal stimulus should clear the path for expectations of faster Fed hikes, giving the US 5y sector more room to underperform. Meanwhile the ECB did confirm their bullish bias in 5y and therefore expect EUR duration outperforming the US. The bank remains mildly […] Read More
Friday, 02 December, 2016
Barclays (November 28): Considers market reactions for different scenarios 1) Referendum is rejected (“NO” outcome) with low turnout (below 40%) – Italian spreads open weak on Monday; however, they are likely to reverse the move quickly into the ECB meeting where a dovish tone is expected. Scenario 2 – Referendum is rejected (“NO” outcome) with high turnout (above 40%) – Italian spreads open weak on Monday, however, should reverse at least part of the move […] Read More
Thursday, 01 December, 2016
01-Dec-2016 16:01 – LARGE MAJORITY OF ECB POLICYMAKERS FAVOUR EXTENDING QE BEYOND MARCH AT POLICY MEETING NEXT WEEK – CENTRAL BANKING SOURCES 01-Dec-2016 16:01 – ECB POLICYMAKERS ARE STUDYING SENDING SIGNAL ON EVENTUAL END OF ASSET BUYING, BUT NO TAPERING ANNOUNCEMENT COMING – SOURCES 01-Dec-2016 16:01 – ECB POLICYMAKERS SPLIT ON MONTHLY VOLUME OF EXTENDED PURCHASES WITH SEVERAL OPTIONS DISCUSSED IN COMMITTEES EXCLUSIVE-ECB seeks compromise on asset buys as part of extension of […] Read More
Tuesday, 01 November, 2016
;widows: 2;-webkit-text-stroke-width: 0px;word-spacing:0px”> While vote preferences have held essentially steady, she’s now a slim point behind Donald Trump — a first since May — in the latest ABC News/Washington Post tracking poll, produced for ABC by Langer Research Associates. abcnews.go.com/Politics/trump-leads-clinton-point-poll-enthusiasm-declines/story?id=43199459 Archr LLP is Authorised and regulated by the Financial Conduct Authority (FCA reference 617163). Archr LLP is not covered by the Financial Services Compensation Scheme (FSCS). Archr is registered in England and Wales No. OC371018. Registered office […] Read More
Tuesday, 01 November, 2016
;widows: 2;-webkit-text-stroke-width: 0px;word-spacing:0px”> Some readers of this column will shudder at the thought and might even stop reading now. Others in the business world will beam, like Peter Thiel, the Silicon Valley entrepreneur. But what exactly happens the day after? To markets? To the economy? The conventional wisdom is that, right off the bat, the stock market would fall precipitously. Simon Johnson, the Massachusetts Institute of Technology economist, posited that Mr. Trump’s presidency would “likely cause the stock market […] Read More
Tuesday, 01 November, 2016
INSIGHT: RBA Bias Tilts Towards Neutral But Alert To Risks — Any Labor Mkt Weakening May Put RBA Cut Back on Table — RBA Sees Risks More Balanced Now Compared With August — RBA View Consistent With Current Market Pricing By Sophia Rodrigues SYDNEY (MNI) – The Reserve Bank of Australia may have tilted towards a more neutral policy bias but it remains alert to risks that could force a cash rate […] Read More
Thursday, 27 October, 2016
Nordea predicts further cut at Riksbank meeting Sweden’s central bank is no stranger to surprises, and while most analysts think it will stay on hold this Thursday, Nordea is bracing for yet another rate cut and an extension of the bond buying programme. Torbjörn Isaksson, chief analyst at Nordea Markets, says the “broken positive inflation trend” will force a 0.1 percentage point cut in the repo rate to -0.6 per cent, and a SEK30bn expansion […] Read More
