Frankfurt opening news digest
|In this episode of the Forbes Asia Investment Briefing, Le Xia of BBVA discusses the U.S.-China trade war, and is optimistic that in the wake of the midterm elections, the U.S. and China will have an incentive to come back to the negotiating table.|
|Initiative Q should be compared with Stellar, not Bitcoin.|
|Student debt isn’t just going to sink the financial ships of the borrowers—it could take down the entire American economy, unless we act now.|
|The Krona may rise as Sweden finally reaches its desired inflation target near 2 percent, prompting the first Riksbank interest rate hike in 7 years.|
|Now down over 20 percent from its October peak and closing a three-decade matching 9-day slide, bears are firmly in control|
|The bearish continuation pattern in EUR/GBP prices preceded a drop as anticipated and more losses could be ahead in the medium-term. There may be a|
|The S&P 500 and other major indices stalled following Wednesday’s remarkable, post-election rally undermining trend hopes|
|The Euro looks to be resuming its downtrend against the US Dollar after prices broke below support guiding the currency’s recent recovery.|
|The US Dollar rose and the S&P 500 sunk as the Fed prepared markets for a December hike. CAD prices fell on new NAFTA deal|
|Asian stocks got pushed back into retreat after the US Federal Reserve held steady on interest rates in advance of December’s widely-expected rate inc|
|The ANZ Truckometer indexes of New Zealand lifted in October, notes the research team at ANZ.
“The Heavy Traffic Index bounced back 4.6%
|The GBP/USD is trading back into 1.3050 heading into Friday’s data-packed UK market outing as the Cable begins to slip away from the mid-weeks peak at|
|The US two-year, three-year, and five-year yields rose to new decade highs yesterday, as the Fed kept rates unchanged, but reaffirmed its hawkish mone|
|Bill Evans, Research Analyst at Westpac, notes that the Reserve Bank of Australia has released its November Statement on Monetary Policy and the forec|
|The EUR/USD fell to an eight-day low of 1.1341 in Asia and could drop to 1.13 by NY close, courtesy of widening yield differentials.
The Fed kept int
|Brian Martin, Senior International Economist at ANZ, suggests that expectations of the EU and UK reaching a Withdrawal Agreement rose recently and ANZ|
|Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, suggests that the RBA maintained its upbeat view on the domestic economy in its|
|Matthew Hassan, Research Analyst at Westpac, points out that Australian housing finance approvals continued to soften in September as the headline num|
|Analysts at Nomura offer a brief preview of Friday’s key macroeconomic releases due on the cards at 0930 GMT.
“UK GDP: Based on our fore
|The USD/JPY one-month 25 delta risk reversal (JPY1MRR) hit five-week highs Friday, signaling that investors are likely positioning for further dollar|
|Reuters is out with the latest headlines, citing that the Federal Court has blocked the Keystone XL pipeline, with the key points found below.
|Gold’s price hit an 8-day low of $1,219 in Asia despite losses in the major equity markets.
The yellow metal eroded trendline rising from the Oct. 9
|The latest survey conducted by the accountancy and business advisory firm BDO, the UK”s retail consumer spendings declined in annual terms during Octo|
|Broader oil markets continue to see steady declines, and WTI barrels have fallen by 20% in barely sick weeks.
With oil market now officially in “bear
|The Mexican Economy Minister Ildefonso Guajardo announced at an event in Mexico City late-Thursday, the Cabinet Ministers from the US, Mexico and Cana|
|Half of the Japanese companies are worried that a prolonged US-Sino trade war will indirectly hurt export-reliant Japan, the latest Reuters monthly po|
|China’s CPI dipped to 0.2% in the month-on-month reading for October, sending the Aussie knocking lower as risk appetite unravels in the early Asia|
|According to the economists polled by Reuters this week, a quarter of them believes that both the UK and the European Union (EU) will fail to reach a|
Trend: minor pullback likely before further gains
|As reported by Reuters, a US intelligence official has accused China of violating a bilateral agreement between the two nations to avoid ‘hacking’ of|
|The AUD/USD is currently trading at 0.7250, representing a 0.10 percent drop on the day, and may drop further on bearish technical setup and dismal Ch|
|According to the latest data published by China’s the National Bureau of Statistics (NBS), the Chinese Consumer Price Index (MoM) (October) eased to +|
|China Consumer Price Index (MoM) meets forecasts (0.2%) in October|
|China Producer Price Index (YoY) below forecasts (3.4%) in October: Actual (3.3%)|
|China Consumer Price Index (YoY) in line with forecasts (2.5%) in October|
|The People’s Bank of China (PBOC) set the yuan reference rate at 6.9329 vs the previous day’s fix of 6.9163.|
|As noted by Bloomberg, analysts at Societe Generale are warning that the Japanese Yen could undergo a “big awakening” in 2019.
|Andy Jassy, CEO of Amazon Web Services, largely dismissed employee worries about the use of Rekognition by law enforcement agencies.|
|$9.95 billion file sharing company Dropbox posted its earnings today. It beat Wall Street expectations, but here’s what analysts have to say.|
|Google says it will hold managers responsible for discouraging excessive drinking, not just in the office, but at any event.|
|On Thursday, Vine founder Dom Hoffman revealed he would be releasing a new looping video app called Byte early next year.|
|Talking Points: • The US-standard WTI crude oil contract has dropped to its lowest level in 8 months through Thursday’s close • Now down over 20 percent from…|
|Talking Points: • The S&P 500 and other major indices stalled following Wednesday’s remarkable, post-election rally undermining trend hopes • China’s trade b…|
The farther price is from a linear trend, the more likely it is to correct.
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