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Key Events: -

Monday:

Tuesday: UK Inflation Data (Aug)

Wednesday: UK Labour Market Report (Jul/Aug)

Thursday: Bank Of England Decision, SNB Decision, US CPI (Aug), Australian Labour Report (Aug), UK Retail Sales (Aug)

Friday:

Early sentiment is likely to be dictated by weekend events centring on North Korea. Saturday 9th September marks a national...
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Asian equities saw little in the way of firm direction as the region digested Chinese trade and Japanese GDP

USD woes persisted overnight as Asia-Pac currencies took a swipe at the greenback which saw AUD/USD break above 0.8100

Looking ahead, highlights include UK industrial and manufacturing output, Canadian jobs report and Fed’s Harker

ASIA

Asia equity markets traded mixed following similar indecisiveness in US and as the region digested a slew of economic releases including Japanese...
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The European Central Bank left its monetary policy settings unchanged as expected. The main refinancing rate stands at 0.00%, while the deposit and marginal lending facility rates stand at -0.40% and 0.25% respectively. The pace of QE was confirmed at EUR 60bln per month and is scheduled to run until December “or beyond, if necessary.”

The accompanying statement was a carbon copy of that issued in July’s (today’s...
Asian equities traded with little in the way of firm direction despite the positive Wall St. close after congress agreed to raise the debt ceiling

AUD/USD was once again a key focus for markets as initial gains were trimmed by disappointing data

Looking ahead, highlights include Riksbank & ECB rate decisions, US weekly jobs and DoEs

ASIA

Asia stock markets were mixed as the region somewhat failed to maintain the positive momentum from Wall St. where stocks gained after US President...
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  • All rates and the current pace of asset purchases are expected to be left unchanged
  • Staff will update macroeconomic projections; impact of EUR likely to weigh on inflation outlook
  • Key focus for press conference will be on recent EUR strength and possible QE exit
  • Click
The BoC defied the bulk of economists today, as it hiked its benchmark overnight rate by 25bps to 1.00%, the second consecutive meeting where the BoC has delivered such a move. Only 6 of the 33 surveyed in the latest Reuters Poll expected the BoC to tighten policy today while interest rate markets were pricing a 45% chance of such a move.

In terms of the hike, the BoC was of the view that “today’s removal of some of the considerable monetary policy stimulus in place is warranted. Future monetary policy...
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Asian equities traded with little in the way of firm direction despite the positive Wall St. close after congress agreed to raise the debt ceiling

AUD/USD was once again a key focus for markets as initial gains were trimmed by disappointing data

Looking ahead, highlights include Riksbank & ECB rate decisions, US weekly jobs and DoEs

ASIA

Asia stock markets were mixed as the region somewhat failed to maintain the positive momentum from Wall St. where stocks gained after US President...
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Due On Wednesday 6th September 2017 At 15:00 BST/09:00CDT

  • The majority expects the BoC to leave its overnight rate unchanged at 0.75%. Only 6 of 33 surveyed expect the BoC to hike this time out, while the OIS curve prices in a 45% chance of a hike.
  • A strong Q2 GDP release and the ensuing solid handover to Q3 has put a hike on the table at the upcoming decision.
  • Many are still cautious...
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Asian equities traded with little in the way of firm direction amid upbeat Chinese data and lingering geopolitical concerns

RBA kept the Cash Rate Target unchanged as expected and noted slow income growth

Looking ahead, highlights include Eurozone and UK service PMIs, US factory orders, Fed’s Brainard, Kashkari and Kaplan

ASIA

Asia equity markets traded with a mixed tone as the region mulled over encouraging Chinese PMI data and the lingering North Korea concerns. ASX 200 (-0.1%) and...
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Asian equities were pressured amid reports of NK conducting its 6th nuclear test over the weekend

This bolstered the JPY across the board and saw USD/JPY gap lower by a point before gradually paring half its losses

Looking ahead, today sees a lack of notable highlights. US markets closed for Labor Day

ASIA

Sentiment was dampened across the Asia-Pac region on increased geopolitical concerns after North Korea conducted its 6th nuclear test over the weekend, which it claimed was a...
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Markets will be subject to lower liquidity on Monday owing to the labour day holiday in the US and Canada.

Key Events: -

Monday:

Tuesday: RBA Monetary Policy Decision, UK Markit Services PMI (Aug)

Wednesday: BoC Monetary Policy Decision, Australian GDP (Q2)

Thursday: ECB Monetary Policy Decision, Riksbank Monetary Policy Decision

Friday: Canadian Labour Market Report (Aug),...
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Asian equities have seen modest gains amid the positive Wall St. close and Chinese Caixin PMI

FX markets were relatively tentative ahead of NFP. CAD remains firmer against the Greenback

Looking ahead, highlights include Eurozone and UK PMIs, US NFP, ISM Manufacturing, Baker Hughes and ECB’s Constancio

ASIA

Asia stocks traded mostly positive after the upbeat tone from Wall St where the Nasdaq printed a fresh record close and sentiment was lifted amid tax reform hopes amid comments from...
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Asia stocks traded mixed as the region mulled over a slew of data releases including varied Chinese PMIs

Harvey continued to exert influence over the energy space despite being downgraded to a tropical depression

Looking ahead, highlights include the German jobs report, Eurozone inflation, US PCE, Chicago PMI, Canadian GDP and BoE’s Saunders

ASIA

Asia stocks traded mixed as the region mulled over a slew of data releases including varied Chinese PMIs. Nonetheless, ASX 200 (+0.7%) and...
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Asian equities traded mostly higher amid a pick-up in sentiment despite ongoing geopolitical concerns

JPY subsequently softened against its major counterparts with USD/JPY approaching 110.00

Looking ahead, highlights include regional and national German CPI, US ADP, PCE, DoEs and Fed’s Powell

ASIA

Asia equities traded mostly positive as the region followed suit from the improvement in sentiment seen in US, where markets ignored the geopolitical concerns and bought the dip. This saw a...
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28th August 2017

ASIA

Asia stocks traded mixed with most bourses dampened after a lack of fireworks at last week’s Jackson Hole symposium, while participants also digested North Korean concerns and the devastation from tropical storm Harvey. ASX 200 (-0.7%) and Nikkei 225 (-0.1%) traded subdued with the former underperforming amid weakness in its largest-weighted financials sector, as CBA shares declined on reports the APRA is to undertake an inquiry into the governance at the largest of...
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Key Events: -

Monday:

Tuesday:

Wednesday: US GDP (Q2, 2nd)

Thursday: US PCE Data (Jul), China Official PMIs (Aug)          

Friday: US Labour Market Report (August), Eurozone CPI (Aug, P), Canadian GDP (Q2), China Caixin PMI (Aug)

Thin trade conditions are expected on Monday owing to a UK public holiday.

North America: -...
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Asian equity markets see out the week in the green with outperformance in Chinese bourses after large cap earnings.

Japanese CPI prints in-line with analyst estimates.

Looking ahead, highlights include comments from Fed Chair Yellen and ECB President Draghi.

JACKSON HOLE SYMPOSIUM SCHEDULE

15:00 BST/10:00 ET – Federal Reserve Chair Yellen makes opening remarks

20:00 BST/15:00 ET – ECB President Mario Draghi Makes The Luncheon Address

ASIA

Asia stocks...
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Indecisive trade across Asian markets in what was another quiet session.

NZ trade balance better than expected, however NZD fails to benefit.

Looking ahead, highlights include, UK GDP, US existing home sales and jobless claims.

ASIA

Asia equity markets traded with an indecisive tone following the downbeat finish on Wall St. where sentiment was dampened by Trump’s tspaneats to shut down the government and terminate NAFTA. ASX 200 (+0.2%) was mildly positive amid strength in...
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Asian equities trade mixed as opening gains were trimmed amid the latest rhetoric from US President Trump

US President Trump says he is willing to shutdown government to build the wall and is likely to scrap NAFTA at some stage

Looking ahead, highlights include Eurozone and US PMIs, DoEs, ECB’s Draghi and Fed’s Kaplan

ASIA

Asia equity markets traded mixed as the region somewhat failed to sustain the impetus from Wall St, where the Nasdaq led the surge after rebounding from a 3-day...
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Asian equities traded mostly higher in what was a particularly quiet session overnight. FX markets saw USD/JPY break back below 109.00

US President Trump announced that the US plans to continue sending troops to Afghanistan to fight the terror tspaneat

Looking ahead, highlights include UK PSNB data, German ZEW and APIs

ASIA

Asian equity markets were mostly higher although news flow was remarkably light amid a lack of central bank speakers and macroeconomic data. Focus was on a speech...
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Asian equities traded mostly lower as geopolitical tensions once again dampened sentiment

Tensions ratcheted up again as the US and South Korea were set to begin military drills. North Korea responded, tspaneatening a “merciless strike” on the US

Looking ahead, today’s calendar sees a lack of tier 1 data or notable speakers

ASIA

Asian equity markets traded mostly lower with the Nikkei 225 down by 0.4% amid geopolitical tensions on the Korean peninsula. Tensions ratcheted up again as...
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Key Events: -

Monday:

Tuesday:

Wednesday:

Thursday: Jackson Hole Symposium, UK GDP (Q2, 2nd)

Friday: Jackson Hole Symposium, US Durable Goods Data (Jul), Japanese CPI (Jul)

The highlight of the week will be the Fed’s annual Jackson Hole Symposium, which will begin on Thursday and run tspanough Saturday. Interest in the event peaked when...
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Asian equities trade lower amid the rumours surrounding Cohn’s Tenure in the Trump administration and the terror attack in Barcelona

FX markets were relatively subdued with JPY the main mover amid safe-haven inflows

Looking ahead, highlights include Canadian CPI, Uni. Of Michigan and Kaplan

ASIA

All major Asia-Pac indices traded in negative territory as the risk averse tone triggered by terror incidents in Spain and resignation rumours related to Trump’s chief economic advisor Cohn,...
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FOMC minutes saw downside in USD and yields with the Fed cautious over inflation prospects for the US

Asian equities were relatively indecisive. AUD/USD retreated from two-week highs following the latest Aus jobs report

Looking ahead, highlights include UK retail sales, Eurozone inflation, ECB minutes, Fed’s Kaplan and Kashkari

FOMC Minutes

FOMC minutes showed that some policymakers were prepared to announce a starting date for winding down the balance sheet at the July meeting and...
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Asia-Pac equities trade with a lack of direction amid light newsflow. Outperformance in KOSPI amid return from holiday

FX markets are relatively tentative ahead of FOMC minutes. GBP/USD trades below 1.2900, EUR/USD and USD/JPY sideways

Looking ahead, highlights include UK jobs report, Eurozone GDP, DoEs and the FOMC minutes

ASIA

Asia equity markets followed on from the indecisive tone seen on Wall Street where quiet newsflow kept stocks rangebound. This resulted to a mixed picture in...
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MOC: * SPX 850mln to sell (vs at 650mln to sell at 1549 EDT) * Dow 50mln to sell (vs 100mln to buy at 1549 EDT)