US ratings agency out with their post-BOJ verdict 16 June 2016 Fitch Ratings has today revised the rating Outlooks for Mitsubishi UFJ Financial Group, Inc. (MUFG) and its subsidiaries, Sumitomo Mitsui Financial Group, Inc. (SMFG) and its subsidiaries, Mizuho Financial Group, Inc...
Soft tones again for European equities as the Nikkei posts big losses 16 June 2016 DAX futures -1.7% CAC40 -1.1% FTSE -1.1% Expect yen safe-haven demand to continue if equities continue to wobble, perverse as it may be...
Latest economic forecasts now out from Swiss government 15 June 2016 2017 GDP unchanged at +1.8% 2016 CPI -0.4% vs -0.6% prev 2017 CPI +0.3% vs +0.2% 2016 unemployment unchanged at 3.5...
Your economic data/events calendar for today 16 June 2016 Greetings one and all as the fun n games continue. Plenty of releases today plus the BOJ presser/SNB/BOE decisions. Should be a quiet one. lol As always I wish you a good session...
European stock market close 15 June 2016 FTSE +0.7% Cac +1.0% Dax +0.9% Ibex +1.5...
ECB's Jens Weidmann speaks in Frankfurt We must give agreed stimulus time to show effects Doesn't see any signs that ECB's credibility has been hurt by low inflation Inflation target is appropriate Expansive policy is needed for the foreseeable future...
If there's one thing that's featured heavily over the past few years, it is Fed excuses not to do something Weather, housing, jobs, international markets, dog ate the dot plot, you name it and they've used it...
An Ipsos Mori poll run in Scotland by STV For crying out loud can no one get these polls right. The figures from Mori are 58% stay 33% leave...
US MBA mortgage market index week ending 10 June 2016 Mortgage index 507.7 vs 520.4 prior Purchase index 237.6 vs 249.9 prior Refi index 104404 vs 2070.8 30yr mortgage rate 3.79% vs 3.83% prior...
FOMC Statement and Economic Projections will take place today at 7.00pm BST, shortly followed by the Press Conference at 7.30pm BST...
Latest Chinese lending data out from the PBOC 15 June 2016 yuan lending yy +14.4% vs +14.2% exp new yuan loans 985.5bln yuan vs 750bln exp fx deposits $658bln vs 666.8bln end-April outstanding total social financing up 12.6% yy end-May...
Details from the May 2016 UK labour market report 15 June 2016 Prior -2.4k. Revised to 6.4k. Apr ILO unemployment rate 5.0% vs 5.1% exp. Prior 5.1% Apr average weekly earnings 2.0% vs 1.7% exp 3m y/y. Prior 2.0% Ex-bonus 2.3% vs 2.1% exp 3m y/y. Prior 2.1%. Revised to 2.2...
Better than expected UK wages/jobs data sees GBP rally 15 June 2016 GBPUSD has been up to test the 1.4200-20 offers/res I highlighted but stalled at 1.4215 so far. Let's see if we get a second wave. Currently 1.4202. EURGBP had a look below 0.7900 again but has bids/support still lined up into 0...
Japan's Deputy chief cabinet secretary Seko: Desirable for UK to stay in EU Government closely watching markets including impact from UK referendum No comment on specific FX levels related to Brexit vote There are volatile moves in financial markets...
Just another day in Asia Japan: 20 year JGB to a record low yield, 0.145% 30 yr also, 0.215% 10 yr record low -0.185...
Westpac Consumer Confidence for June Down 1% on the month to 102.2 Last month it had a good sized jump, up 8.5% to 103.2 OK ... more info... The survey was conducted last week. You may recall I was on holiday last week, so my infectious enthusiasm and cheerfulness was absent from the internets...
Ya gotta love Japan. A black watermelon grown in Hokkaido sold for ¥500,000 It was the first auction for the year 260 Densuke watermelons were auctioned on Tuesday. Oh, that price was down from the all-time record of ¥650,000, set in 2008...
ADDED: Bloomberg reporting this poll result is Unconfirmed Bloomberg reporting. Nothing further at this stage. I checked out BMG's website and there is nothing further there either. It does appear that the poll was of people jumping out of airplanes though. So, that's good to...
Japan's Deputy chief cabinet secretary Seko: Desirable for UK to stay in EU Government closely watching markets including impact from UK referendum No comment on specific FX levels related to Brexit vote There are volatile moves in financial markets...
Via Bloomberg comes this on the Federal Reserve from Goldman Sachs GS expect the Fed to downgrade long-run target rate of its hiking cycle by 25 bps to 3% This would lead to a weaker USD It would be 3rd time since September of 2015 the Fed has cut its long-run target rate GS add that if, however...
