The Australian election, held on Saturday, has still not been called, it is too close. Here are the facts: To form a majority government a party needs to win 76 seats Each of the major parties has won 67 seats so far 5 seats have been won by minor parties or independents so far...
The Australian national election polling booths have now closed 2 July PM Malcolm Turnbull and opposition Labour Party leader Bill Shorten both say they are confident of a victory but concede the result could be tight Malcolm Turnbull ,the leader of Australia's conservative Liberal Party-led Coal...
Jens Weidmann, head of Germany's central bank (the Bundesbank) says "The Brexit vote is no reason to loosen budget rules" Weidmann was speaking in an interview with 'Focus' magazine...
S&P up 3.22% on the week. The US major indices are closing the week up nicely. The gains are the best for the year. Leading the way is the NASDAQ composite index had up 3.28%. The S&P index rose by 3.22% and the Dow industrial average was up by 3.15...
Weekly positioning data from the CFTC for Forex futures as of the close on June 28 EUR 62K short versus short 61K last week. Short increased by 1K GBP 43K short versus short 52K last week. Shorts cut by 9K JPY 60K long versus long 52K last week. Longs increased by +8K on the week...
Early signs of stabilization in drilling There were 330 oil drilling rigs operating in the US last week. We will get the latest update at the top of the hour. The numbers fell almost constantly since August 2015 until recently as the number fell to a low of 316 from 675...
ISM factory survey chairman Holcombe in presser a few moments ago 1 July mftg on a good trend ,not robust will have to wait and see about Brexit UK is relatively small US trading partner ISM to release Brexit results at 11.00 NY time ( any time now...
Here is who has reported: Honda sales +3.2% vs +9.4% estimate Volkswagen of America -22% GM sales -1.6% vs -0.7% estimate Ford sales +6.4% vs +4.9% estimate...
Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish Gold moved up over 12400 pips last month, and reached a high of 1358.21...
Not all is bad in the UK: manufacturing PMI has jumped to 52.1 points, showing growth in this beleaguered sector. The survey was made before the Brexit vote and therefore may be somewhat outdated...
UK finance minister speaking on Sky ahead of a key speech and reported by BBC 1 July UK will no longer hit surplus in public finances by 2019/20 We never were George. Complete pie in the sky. UK must be realistic First time for everything I guess eh George...
ECB board member out on the wires 1 July We can rule out further action next time round in theory. But hey, who trusts a central banker eh? too early for detailed view on Brexit re possible changes in ECB bond purchasing rules EURUSD steady around 1.1100 EURGBP 0.8348 EURJPY 113.92...
UK Markit mftg June PMI report 50.4 prev revised up from 50.1 GBP rallies on the better data but economy not mftg dependent so impact will be muted. Any good news though re UK may help to calm markets/help GBP right now. Markit say 99% of data collected prior to Brexit...
Australia June commodity index report 1 July 2016 prev revised up from -10.0% commodity index AUD 89.7 VS 91.1 prev revised up from 90.3 Commodity Prices measures the change in the selling price of exported commodities. The commodity sector accounts for over half of Australia's export income...
Banks have already begun to take action to shift operations out of the UK, with the governor of France’s central bank warning on Saturday that Britain’s financial services groups were at risk of losing their right to operate across the EU...
The soggy pound is on the back foot again in early trading 1 July Carney's cut/easing comments are still reverberating but given the fact that he and others on the MPC have highlighted the downside risk/ potential need for potential cuts/easing over the past year, albeit saying next moves were ex...
BOJ May core CPI ex- energy, fresh foods 1 July 2016 +0.9% prev The Bank of Japan's own calculation.Measures the change in the price of goods and services purchased by consumers, excluding food and energy. The BOJ usually pays more attention to the core inflation data...
Your economic data/event calendar for today 1 July 2016 Greetings everyone and welcome to a new month. We've had a lively 24 hours as anticipated, with the pound rightly soggy still, and now we must look ahead and wade our way through the ever increasing mess...
BoE Monetary Policy Guidance: Summer Rate Cuts Coming - RBS Research Team at RBS, notes that the Bank Of England Governor, Mark Carney, has given a clear indication that the BoE will cut policy rates over the next few months and is primed to sanction additional easing measures: ‘The economic outl...
This is the private survey manufacturing PMI. It's a different survey, different firms surveyed than in the official survey we got earlier. Tending to be smaller firms than those in the official survey. Caixin Manufacturing PMI 48.6 expected 49.2, prior 49...
