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
Monday, 24 October, 2016
Threat of UK tax cut staves off hostile EU Tim Shipman, Bojan Pancevski and Jason Allardyce October 23 2016, 12:01am, The Sunday Times Warning signs: Theresa May attended her first European Council meeting in Brussels last weekREX FEATURES Share Save A secret plan to slash corporation tax by half has been hatched as a “nuclear option” to counter threats that Brussels will impose a “brutal Brexit” on Britain. Under the plan the UK would cut the tax’s […] Read More
Friday, 07 October, 2016
The end of ‘QE infinity’? Gavyn Davies https://www.ft.com/content/f36a1403-cfbc-3db9-a89c-14beef198e5f Until recently, the rate of expansion in global central bank balance sheets seemed likely to remain extremely high into the indefinite future. Although the US Federal Reserve had frozen its balance sheet, both the European Central Bank and the Bank of Japan were pursuing open-ended programmes of asset purchases, and the Bank of England actually increased its intended stock of assets by £50bn in August. Global central […] Read More
Friday, 07 October, 2016
In this topsy-turvy world, Remainers have become the illiberal Brexit enforcers, whether Leavers like it or not The Telegraph It’s wrong, really, to tease Theresa May for saying that “Brexit means Brexit”. It’s an elegant and memorable soundbite which says, simply: trust me. If you voted to leave the European Union, you won’t be tricked into Britain staying a member in all but name. No more European Court of Justice, no more “free movement of […] Read More
Friday, 07 October, 2016
Pound Flash Crash Has Traders Blaming Algos for Selling Frenzy By Netty Ismail and Narayanan Somasundaram The speed of the move looks like a ‘flash crash’: Rochford Financial Times says Hollande demands U.K. pay price for exit (Bloomberg) — The pound plunged as much as 6.1 percent against the dollar, the biggest decline since the day the U.K.’s Brexit referendum result was announced, in a move that traders said was exacerbated by computer-initiated sell orders. […] Read More
