London opening news digest
|Asia Pacific stocks followed Wall Street higher via gaps to the upside. ASX 200 extended climb. Ahead, the Fed may bolster the US Dollar while|
|France Trade Balance EUR came in at €-5.66B, above expectations (€-6.1B) in September|
|France Individual Investment (Current Year) fell from previous 4% to 1% in 4Q|
|France Exports, EUR dipped from previous €41.32B to €40.42B in September|
|France Imports, EUR: €46.08B (September) vs previous €46.96B|
|France Current Account down to €-1.9B in September from previous €-1.6B|
|In the US, consumer credit expansion slowed slightly in September, rising $10.9bn to $3.95tn, notes the research team at Nomura.
|In the recently concluded US midterm elections, President Trump’s Republican colleagues strengthened their hold in the Senate but lost the House for t|
|Carsten Brzeski, Chief Economist at ING, points that in September, German exports dropped by 0.8% month-on-month from a slightly upwardly revised 0.1%|
|FX option expiries for Nov 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
EUR/USD: EUR amounts
|Analysts at Danske Bank do not expect the Fed to hike the Fed funds rate tonight at 20:00 CET (in line with consensus and market pricing).
|Germany Trade Balance s.a. came in at €17.6B, below expectations (€18B) in September|
|Germany Imports (MoM) came in at -0.4%, below expectations (0.8%) in November|
|Germany Exports (MoM) registered at -0.8%, below expectations (0.3%) in September|
Over the past week, the Cable has lifted firmly on rising hopes for a successful Brexit negotiation, with yet another key self-imposed
|Switzerland Unemployment Rate s.a (MoM) meets forecasts (2.5%) in October|
|According to multiple reports carried by the Italian media, the European Union (EU) is said to see Italy’s 2019 deficit at 2.9% under the current prop|
|The research team at Danske Bank point out that yesterday, the Riksbank announced it plans to add NOK and DKK to its currency reserve portfolio, meanw|
Hourly candles have the Fiber making rough plays for higher ground, but bullish moves are getting rejected by stiff shortselling from
|According to James Knightley, Chief International Economist at ING, a strong domestic story of the US economy means the Federal Reserve will continue|
|Forex today in Asia was characterized by minimal volatility and tight trading ranges, as the dust settled over the US mid-term elections aftermath. T|
|Analysts at Danske Bank point out that the oil market has had to digest a lot of news this week as at the beginning of the week the market had to cope|
|Analysts at TD Securities note that China’s both exports and imports in Oct were much stronger than consensus at 15.6% y/y and 21.4% y/y respectively|
|China’s crude oil imports in October rose to 40.80 million tonnes, which amounts to 9.61 million barrels per day, an all-time high based on Reuters ca|
|Ratings agency Moody’s take on global growth, rising geopolitical and trade tensions between the US and China, and USMCA is crossing the wires via Reu|
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