Tag Archives: Daily News

Markets have a bit of a risk-off feel today; the dollar bleeding has been stanched for now; IMF releases its updated World Economic Outlook A stimulus package before the election appears doomed; Fed’s Barkin and Daly speak; a big data week for the US kicks off with September CPI today UK jobs data came in decidedly downbeat even though the furlough scheme has not yet ended; BOE Governor Bailey said that the bank is not yet ready to implement negative rates Japan will...

The dollar remains heavy; stimulus talks may or may not be dead; the White House is still sending mixed signals This is another quiet day in terms of US data; Canada reports September jobs data We got some more eurozone IP readings for August; following Greece yesterday, it’s Italy’s turn today to register another record low for its 10-year bond yield UK data came in significantly weaker than expected; Japan reported weak August real cash earnings and household...

The US Vice Presidential debate was a comparatively cordial affair, though the impact on the election is likely to be limited; polls continue to move in favor of Biden, including in swing states The weak dollar narrative under a Democratic sweep continues to play out; the outlook for fiscal stimulus is as cloudy as ever; FOMC minutes contained no big surprises Weekly jobless claims will be reported; like last week, there will be a quirk to this week’s initial claims;...

The dollar remains under pressure; the US curve continues to steepen; a compromise on fiscal stimulus before the election still seems unlikely; this is another quiet day in terms of US data President Lagarde said the ECB is prepared to inject fresh monetary stimulus to support the recovery; we expect the ECB to increase its PEPP in Q4 German factory orders came in much stronger than expected; Russia reports September CPI RBA delivered a dovish hold; the Australian...

The dollar remains under pressure as market sentiment continue to improve; stimulus talks were extended Two major US airlines announced significant job furloughs starting today; US data for September will continue  to roll out; weekly jobless claims will be reported The pound is underperforming as the flurry of optimism in the recent negotiations fades; final eurozone September manufacturing PMI was steady at 53.7 Bank of Japan quarterly Tankan report came in weaker...

The dollar continues to soften as risk-off sentiment ebbs; the first presidential debate will take place tonight House Democrats have staked out their latest position at $2.2 trln; there is a fair amount of US data out today; Brazil has come under renewed pressure from fiscal concerns The pound continues to outperform as comments from the latest Brexit talks remain skewed to the positive side; latest eurozone CPI and retail sales readings have started coming out...

Virus numbers are rising across Europe and the US; the dollar is softening as risk-off sentiment ebbs It is a fairly quiet day in the US; there is a glimmer of hope about a fiscal deal in the US; recent US data support the widely held view that more stimulus is needed The final week of Brexit negotiations is upon us in Brussels and the pendulum is swinging towards optimism; Turkish assets may be one of the biggest causalities of the conflict between Armenia and...

Markets are digesting the rising infection rates across Europe; the dollar is taking another stab at the upside Speculation is picking up that a compromise on a stimulus package could be reached; reports suggest House Democrats are working on a new $2.4 trln package as a basis for these negotiations Reports suggest Fed Governor Lael Brainard is a top candidate for Treasury Secretary if Biden were to win; today is a quiet day in the US Colombia is expected to cut...

The dollar remains firm on continued safe haven flows but we still view this situation as temporary Fed Chair Powell appears before the House Financial Services Panel with Treasury Secretary Mnuchin; the text of Powell’s testimony was released already House Democrats plan to vote on a stopgap bill today; Fed manufacturing surveys for September will continue to roll out; Brazil COPOM minutes will be released UK CBI September industrial trends survey came in weak; BOE...

Markets are starting the week in risk-off mode; the dollar is firm on some safe haven flows but this is likely to prove temporary US politics is coming in to focus as the election nears; we fear that the likely horse-trading and arm-twisting will take away any residual desire to get another stimulus package done The trend towards more restrictive measures continues with London in focus; between the virus numbers and Brexit risks, sterling remains under pressure China...