Tag Archives: Daily News

Senate Democrats are setting the table for passage of President Biden’s proposed $1.9 trln relief bill; there were glimmers of possible bipartisanship in some of the votes; US January jobs data is the highlight; Canada also reports January jobs data; Colombia reports January CPI German data is showing further signs of weakness; BOE delivered a less dovish than expected hold; Deputy Governor Ramsden said he envisions slowing the pace of QE later this year Japan...

The FOMC delivered a dovish hold, as we expected; we get our first look at Q4 GDP; Fed manufacturing surveys for January will continue to roll out; weekly jobless claims data will be closely watched The vaccination gap between the UK and the US vs. Europe continues to wide, and grievances against suppliers are getting worse; Germany January CPI will be reported; if inflation risks were rising , ECB officials wouldn’t be so concerned about the strong euro and its...

The FOMC begins its two-day meeting today with a decision out tomorrow afternoon; Senate Minority Leader McConnell has finally agreed to a power-sharing deal based on the 2001 model; President Biden signaled willingness to negotiate his stimulus proposal in order to get a bipartisan deal; Fed manufacturing surveys for January will continue to roll out; Brazil reports mid-January IPCA inflation Italian Prime Minister Conte will reportedly resign today; Italian...

Discussions on President Biden’s proposed $1.9 trln fiscal package are getting off to a rocky start; Fed manufacturing surveys for January will continue to roll out ECB Governing Council member Olli Rehn viewed yield curve control for the region as “not sensible”; on the virus front, Norway tightened mobility restrictions, France looks set to impose another lockdown, and the UK considering closing borders; Germany IFO survey for January came in slightly lower than...

Joe Biden became the 46th President of the US; three Democratic Senators were also sworn in; weekly jobless claims data will be the highlight of an otherwise quiet week; Fed manufacturing surveys for January will continue to roll out; Brazil kept rates on hold at 2.0%, as expected ECB is expected to keep policy unchanged; Norges Bank kept rates steady at 0%, as expected; Chancellor Sunak is reportedly drawing up plans to extend support for the UK labor market in...

President-elect Biden will be inaugurated and becomes the 46th President of the United States at noon; he will hit the ground running by announcing a raft of executive orders upon taking office; Janet Yellen’s confirmation hearing was revealing; Canada and Brazil are expected to keep rates unchanged Italian political tensions appear to have calmed; German government announced a hardening of mobility restrictions; UK reported December CPI BOJ began its two-day...

House Democrats will move ahead with impeachment proceedings today; December CPI data will be the US highlight; heavy UST supply this week wraps up with a $24 bln sale of 30-year bonds; December monthly budget statement will be of interest the Fed releases its Beige Book report; several Fed officials pushed back against notions of tapering anytime soon Italian political noise continues; UK and Germany warned of more restrictive measures; Russia will restart its...

The US curve continues to steepen; real US yields have become less negative; UST supply will remain an issue as $38 bln of 10-year notes will be sold today; Brazil reports December IPCA inflation Yields in Europe and UK are following the trend higher in the US markets, but not as fast; Italy is facing another bout of political instability; BOE Governor Bailey pushed back against negative rates Japan’s government will declare a state of emergency for Osaka, Kyoto, and...

Optimism on a stimulus deal remains high; the FOMC decision will be key; the dollar tends to weaken on recent FOMC decision days November retail sales will be the US data highlight; Markit reports preliminary December PMI readings; Canada reports November CPI The latest Brexit headlines are sounding optimistic; UK November CPI came in weaker than expected; eurozone December preliminary PMI provided an upside surprise; EU regulators lifted their curb on bank...

Stimulus talks drag on; US November CPI will be today’s data highlight; US Treasury wraps up a big week of auctions today with $24 bln of 30-year bonds on offer The November budget statement will hold some interest; weekly jobless claims will be closely watched; Brazil left rates unchanged at 2.0% but made some important hawkish changes to its forward guidance; Peru is expected to keep rates steady at 0.5% Brexit negotiations have been extended again; two-day EU...