Frankfurt opening news digest
|Japan’s economy has bounced back from a poor start to the year, but analysts say it will struggle to grow strongly.|
|The company will test both applewood smoked bacon and nachos in some cities this fall.
Chipotle is working to win customers back after a series of he
|The stock has erased the gain that followed Musk’s surprise tweet.|
|Crude oil and gold prices may look past emerging market turmoil and incoming economic data, taking their cues from trade negotiations between the US and|
|Asian stocks were broadly if not drastically lower as another week’s end approached. Risk appetite remains extremely vulnerable to trade-spat headlines|
|France Nonfarm Payrolls (QoQ) registered at 0.2%, below expectations (0.3%) in 2Q|
|France Industrial Output (MoM) registered at 0.6% above expectations (0.5%) in June|
|Erik Johannes Bruce, Research Analyst at Nordea Markets, notes that the Norway’s inflation ended up at the upside to Norges Bank’s forecast and all is|
|According to analysts at Deutsche Bank, the main highlight today is US CPI and analysts at DB expects core inflation (0.23% month-over-month) to rebou|
|• The pair extended overnight rejection slide from a one-month-old descending trend-line hurdle, also coinciding with 55-day SMA and tumbled to 20|
|GBP/USD Chart, 15-Minute
|Inflation releases are a key focus today in the Scandies as well as the US, while geopolitical issues also will continue to be a key market issue, acc|
|There are some odd base effects at play for Norway’s July inflation, and analysts at TD Securities are looking for CPI-ATE to slip from 1.1% in June t|
|Analysts at Danske Bank note that the Turkish lira continues to be under pressure and lost more than 5% against the dollar yesterday, given the politi|
|Norway Producer Price Index (YoY) rose from previous 20% to 22.6% in July|
|Norway Consumer Price Index (YoY) came in at 3%, above expectations (2.6%) in July|
|Norway Core Inflation (MoM) above expectations (0.3%) in July: Actual (0.6%)|
|Norway Consumer Price Index (MoM) came in at 0.7%, above forecasts (0.3%) in July|
|Denmark Consumer Price Index (YoY) above expectations (0.8%) in July: Actual (1.1%)|
|Denmark Inflation (HICP) (YoY) dipped from previous 1.1% to 0.9% in July|
|Norway Core Inflation (YoY) above expectations (1.2%) in July: Actual (1.4%)|
|Analysts at Nomura point out that UK’s trade deficit remained unchanged at GBP12.4bn in May, around GBP1bn higher than it was on average during 2011.|
|Analysts at TD Securities suggest that Sweden’s July CPI seems to be set up for another month of CPIF ex-energy coming in below the Riksbank’s forecas|
|The USD/CAD pair broke the Asian consolidative range to the upside in early Europe, as the bulls look to retest the weekly tops of 1.3120 amid renewed|
|A bout of selling pressure is hitting the single currency and forcing EUR/USD to recede to levels last seen in July 2017 around the 1.1440 region.
|EUR/USD Chart, 15-Minute
|Analysts at TD Securities suggest that UK’s June activity data dump will be accompanied by the quarterly growth figure, which should garner the most m|
|FX Today on the final trading day of this week saw the Yen replicating the moves seen in Asia on Thursday. The USD/JPY pair dropped sharply to 110.70|
|The budget bill that Italy must submit to its parliament by 27 September – and to the European Commission by 15 October – has been a cause of much con|
|Bill Evans, Research Analyst at Westpac, notes that the Reserve Bank’s August Statement on Monetary Policy provides few surprises, but technical assum|
|The AUD/USD is trading into 0.7350 as Friday sees markets pushing n favour of the Greenback as risk aversion remains just beneath the surface to cap o|
|The one-month 25 delta risk reversals (EUR1MRR) dropped to -1.2 today – the lowest level since May 3, 2017 – meaning the implied volatility premium fo|
|Reuters cites latest comments from the Turkish President Erdogan, as reported by the Anadolu Agency.
Erdogan noted that “even if they got dollars, we
|Singapore Retail Sales (YoY) rose from previous 0.1% to 2% in June|
|Singapore Retail Sales (MoM) rose from previous 0.1% to 1.2% in June|
|The euro is in decline following ECB comments that US tariffs and increased risk of further protectionism is likely to leave its mark on global growth. In its economic bulletin the ECB also added that despite the rising risks globally, domestic growth still looks solid and on track.|
|The European Central Bank is getting increasingly concerned about the exposure of exposure of some banks in the region — specifically from Spain, Ita|
Q: Why isn’t the selling of corporate jets by the US Auto Industry good news?
A: They are being bought by AIG!
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Have a nice trading!