Frankfurt opening news digest
|With the mid-terms now in the rear-view mirror, here are the sectors and themes to watch over the next year.|
|As the once-iconic retail giant, shutters stores, there are important lessons for investors.|
|EUR/USD has mounted a spirited recovery but an intact downtrend and fundamental headwinds from Brexit and Italy could mean that this upswing will be short-lived.|
|Markets are particularly sensitive to the FOMC rate decision, with little scope for a hawkish surprise but much to lose on a dovish outcome.|
|While the S&P 500 posted its largest rally in one day in months, the US Dollar gapped lower post election results. The greenback eyes the|
|The Krona and Euro may be the victim of Sweden’s ongoing political gridlock amid the broader risk aversion in the region fueled by Brexit and|
|AUD/CAD price gains may halt given that the BoC is relatively more hawkish than the RBA. Meanwhile RSI divergence warns that the Canadian Dollar may|
|The Nikkei 225’s latest uptrend is surviving quite well and, if it can remain within its current trading band, may presage a return to this|
|The Australian Dollar has mounted a spirited recovery against its US counterpart but gains appear to be corrective within a broader downtrend.|
|The Japanese Yen may be at risk as the Nikkei 225 follows S&P 500 higher after the US 2018 midterm election results. NZD/USD may focus|
|Further comments are out by the Senior Chinese Diplomat Wang Yi, as he now says that the Chinese President Xi-Trump meeting will be of great significa|
|Asian equities are resuming climbing on Thursday, getting lifted by a sweep of bullish sentiment that sprang out of US mid-term elections, where Presi|
|China’s imports or iron ore – one of Australia’s top exports – fell to a four-month low in October, customs data showed on Thursday.
China imported 8
|China’s trade surplus with the United States narrowed to $31.78 billion in October, down from the record high surplus of $ 34.13 billion registered a|
|Analysts at ANZ explain that the RBNZ today held the OCR at 1.75% as universally expected and on balance, the tone of the MPS was more upbeat, but the|
|Analysts at Rabobank point out that it is widely expected that the Fed will not change its monetary policy at the November meeting.
|Andrew Ticehurs, Research Analyst at Nomura, notes that the Reserve Bank of New Zealand (RBNZ) today again announced an unchanged cash rate of 1.75%,|
|Japan Eco Watchers Survey: Outlook fell from previous 51.3 to 50.6 in October|
|Japan Eco Watchers Survey: Current registered at 49.5 above expectations (48.9) in October|
|The GBP/USD is continuing to hold just above the 1.3100 key technical level after seeing impressive gains recently, fueled largely by Brexit optimism|
|The EUR/USD closed at 1.1426 yesterday, confirming a falling wedge breakout.
That breakout, however, is looking indecisive, as the pair charted its w
|Analysts at HSBC offer a brief preview of Friday’s Reserve Bank of Australia’s (RBA) Statement of Monetary Policy (SoMP) due at 0030 GMT.
|Prashant Newnaha, Senior Asia-Pacific Rates Strategist at TD Securities, suggests that New Zealand’s GDP, CPI and employment have all exceeded the Ban|
|Dominick Stephens, Chief Economist at Westpac, points out that the RBNZ has moved away from the idea of cutting the OCR by removing the phrase that th|
|The sell-off in oil prices has likely stalled, possibly due to reports stating that Russia and Saudi Arabia have started discussions over possible cur|
|The US Commerce Department said late-Wednesday it would impose final anti-dumping and anti-subsidy duties on Chinese common alloy aluminum sheet produ|
|The USD/CNY one-month 25 delta risk reversals (CNY1MRR) gauge, which shows the implied volatility premium for CNY puts over CNY calls, has dropped sha|
|The AUD/USD jumped 10 pips to a session high of 0.7280 after China data showed the trade surplus widened to CNY 233.63 billion in October from the pre|
|The China customs published trade balance for October in USD terms, reporting a bigger-than-expected trade surplus as imports decline by a big margin.|
|China’s trade balance for October, in Yuan terms, came in at CNY 233.63bn versus CNY 237bn expected and CNY 213.23bn last. Exports came at +20.1% y/y|
|China Imports (YoY) above expectations (14%) in October: Actual (21.4%)|
|China Exports (YoY) above expectations (11%) in October: Actual (15.6%)|
|China Trade Balance USD below expectations ($35B) in October: Actual ($34.01B)|
|The EUR/USD one-month 25 delta risk reversals (EUR1MRR) have risen to -0.575 – the highest level since Aug. 1.
The data indicates that the demand or
|China Exports (YoY) CNY above expectations (12%) in October: Actual (20.1%)|
|China Trade Balance CNY increased to 233.63B in October from previous 213.23B|
|The NZD/USD is trapped below the 0.6800 level, trading tightly near yesterday’s highs as the Kiwi seeks to extend recent gains fueled by risk-on Dolla|
|The latest data from the Japanese Ministry of Finance (MOF) showed on Thursday, the Japanese investors buying of the US Treasuries rose to the highest|
|Gold is flashing red in Asia, possibly due to gains in the US dollar – gold’s biggest nemesis.
At press time, the yellow metal is trading at $1,225 –
|Only 65% of companies say they’re going to hold a holiday celebration this year — the lowest level since the depths of the financial crisis in 2009.|
|In an interview with economist Tyler Cowen, former Google CEO Eric Schmidt said the company’s older generation of workers didn’t grok social networking.|
|Anyone who’s even thought about getting the OnePlus 6T should take advantage of this trade-in deal.|
|Hologic Inc. HOLX, +1.95% shares rose in the extended session Wednesday as the medical technology company’s earnings fell short of Wall Street estimat|
|Talking Points: • With the US polls settled, the markets will refocus on more consistent fundamental themes: like monetary policy • The FOMC rate decision is…|
|Talking Points: • The S&P 500 posted its largest single-day rally in months and the Dollar gapped lower post election results • As a market theme, the mid-te…|
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