Thursday, 06 October, 2016
Constancio: Report That ECB Near Taper Consensus ‘Not Correct’ By David Barwick WASHINGTON (MNI) – The media report earlier this week suggesting that the European Central Bank is nearing a decision in favor of tapering its program of quantitative easing was not correct, ECB Vice President Vitor Constancio told MNI on Thursday. Constancio, speaking on the margins of the Annual Meeting of the IMF, dismissed as nothing but rumors the story that […] Read More
Thursday, 06 October, 2016
Constancio: Report That ECB Near Taper Consensus ‘Not Correct’ By David Barwick WASHINGTON (MNI) – The media report earlier this week suggesting that the European Central Bank is nearing a decision in favor of tapering its program of quantitative easing was not correct, ECB Vice President Vitor Constancio told MNI on Thursday. Constancio, speaking on the margins of the Annual Meeting of the IMF, dismissed as nothing but rumors the story that […] Read More
Thursday, 29 September, 2016
Some Deutsche Bank Clients Said to Reduce Collateral on Trades 2016-09-29 16:27:25.747 GMT By William Canny (Bloomberg) — A number of funds that clear derivatives trades with Deutsche Bank AG have withdrawn some excess cash and positions held at the lender, a sign of counterparties’ mounting concerns about doing business with Europe’s largest investment bank. While the vast majority of Deutsche Bank’s more than 200 derivatives-clearing clients have made no changes, some funds that use […] Read More
Tuesday, 27 September, 2016
European banks’ shares are among the most derided among global investors, but Citi has warned investors not to underweight the banks, labelling the sector "the world’s biggest contrarian trade". Shares in Deutsche Bank, one of the eurozone’s most maligned and underperforming banks plunged 7.5 per cent overnight to a fresh record low, after it reiterated it would not be conducting capital raising and denying it had approached Berlin for help in paying $US14 billion ($18.3 billion) in penalties to the US Justice Department. […] Read More
Friday, 05 August, 2016
U.K. House Prices Slide by Most in Five Months After Brexit Vote 2016-08-05 07:51:19.328 GMT By Emma Charlton (Bloomberg) — U.K. house-prices fell by the most in five months after Britain’s decision to quit the European Union, although it’s still too early to tell how much Brexit has damped the market, Halifax said. Prices dropped 1 percent in July, the biggest slide since February, reversing a 1.2 percent gain in June, the mortgage lender said in […] Read More
Tuesday, 02 August, 2016
INSIGHT: Low Inflation May Trigger Further RBA Cut If Needed -RBA Hopes Narrowing Rate Differential Eases Pressure On AUD -Low Rate Aimed At Boosting Household Cashflow, Stronger Growth By Sophia Rodrigues SYDNEY (MNI) – The Reserve Bank of Australia’s cash rate cut Tuesday was driven by low inflation and the bank’s view that risks to the housing market from reduced rates were diminishing. The cut may also have another objective – it […] Read More
Monday, 01 August, 2016
http://www.telegraph.co.uk/business/2016/07/28/imf-admits-disastrous-love-affair-with-euro-apologises-for-the-i/ 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 115B Drysdale Street, Hoxton, London, United Kingdom, N1 6ND This message may contain confidential or privileged information. If you are not the intended recipient, please advise us immediately and delete this message. The unauthorised use, disclosure, distribution […] Read More
Monday, 01 August, 2016
http://www.telegraph.co.uk/business/2016/07/27/brexit-has-been-an-excuse-for-the-world-to-throw-a-roaring-party/ The great fiscal fair of 2016 has begun. The world’s governments are seizing on the flimsy excuse of Brexit to prime pump their economies, hoping to stretch the ageing global cycle for a little longer. Japan’s Shinzo Abe has kicked off the first round with a "shock and awe" fiscal package ostensibly worth $270bn, though the South Koreans nipped ahead of him with a $17bn raft of measures. Britain cannot be far behind as Philip […] Read More
Wednesday, 27 July, 2016
INSIGHT: RBA Aug Cash Rate Cut Chance Remains After Q2 CPI -Non-tradable CPI Up But In Line With RBA Forecast -CPI Data Unlikely To Change RBA View of "Quite Low" Inflation By Sophia Rodrigues SYDNEY (MNI) – Australia’s second-quarter inflation was in line with the Reserve Bank’s forecast and is unlikely to change the bank’s outlook of "quite low" inflation, which raises the prospect of a cash rate cut next week. The decision, however, would […] Read More
Thursday, 14 July, 2016
What the Banks are thinking: -BAML: expects BoE to cut the Bank Rate by 40bp on Thursday; MPC could split the cut over July & August meetings; a rate cut should come as no surprise; would use any sterling bounce as an opportunity to sell; even a more conservative 25bp cut could not provide any relief for GBP -Barx: expects MPC to maintain Bank Rate at 0.5% in July to allow MPC members time […] Read More
