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
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
