New York opening news digest
|The only way for the organization to counteract this insidious CxO mandated paralysis short of firing them all and hiring new young blood in their spot, is to do some good old-fashioned incentive re-alignment.|
|The UK government has confirmed that MPs will vote on the PM May’s Brexit bill on Tuesday, January 15, and that means increased short-term GBP|
|Indian general elections are scheduled to take place by May. Back in 2014, the BJP (alliance NDA) led by Narendra Modi won a parliamentary majority fo|
|Trade negotiations between the US and China are expected to commence today and financial markets are starting to price-in a positive outcome. And that could|
|The DAX and CAC are getting a lift with global equity markets, with the recovery having more more room to go before it runs into|
|• The Japanese Yen remains underpinned despite improving risk-sentiment.
• Brexit uncertainties hold GBP bulls from placing aggressive bullis
|These are the main highlights of the latest CFTC report for the week ended on December 18:
Speculators kept trimming their USD longs positions, whi
|The UK PM Theresa May’s spokesman, James Slack was out on the wires in the last hour, confirming that meaningful vote on Brexit deal will happen next|
|Chile Trade Balance climbed from previous $334M to $596M in December|
|The softer tone in the greenback coupled with declining US yields forced USD/JPY to drop to lows near 108.00 the figure in early trade, where it appea|
|Analysts at TD Securities suggest that the release of ISM Non-Manufacturing and factory orders data are going to be the key economic releases for toda|
|Analysts at Standard Chartered are expecting another 200bps of broad RRR cuts for the rest of 2019 by the PBoC after it announced a broad-based 100bps|
|• The prevalent USD selling bias helped build on last week’s strong rebound.
• Focus remains on UK Parliament debate/meaningful vote on May’s
|Chile IMACEC down to 3.1% in November from previous 4.2%|
|The European Commission spokesman Margaritis Schinas was out on the wires in the last hour, reiterating that the Brexit deal on the table is the only|
|Analysts at TD Securities are expecting the Bank of Canada to hold the overnight rate steady at 1.75% this week, which is already fully priced into ma|
|EUR/USD keeps its march north unabated at the beginning of the week and is now flirting with fresh daily highs in the mid-1.1400s.
|Analysts at Rabobank point out that the implied probability of a Fed rate hike in March is now zero; in May it is 2%; in June 6.9%; and by end-2019 it|
|European Monetary Union Retail Sales (YoY) down to 1.1% in November from previous 1.7%|
|European Monetary Union Retail Sales (MoM) registered at 0.6% above expectations (0.1%) in November|
|• The prevalent USD selling bias helped regain positive traction on Monday.
• Fed rate hike pause speculations further underpin the non-yield
|Han de Jong, chief economist of ABN AMRO, points out that China’s business confidence in manufacturing, as measured by their various PMIs has weakened|
|Analysts at National Bank Financial suggest that this week in the U.S, a lot of attention will be focused on the publication of December’s consumer pr|
|European Monetary Union Sentix Investor Confidence came in at -1.5, above expectations (-2.8) in January|
|According to an exclusive ET survey of market experts, the Indian National Rupee (INR) is likely to trade in the 69-73 range against its American coun|
|WTI (oil futures on NYMEX) built onto the Asian bounce and regained the 49 handle in the European trading, in a bid to retest the two-week tops of 49.|
|Morten Helt, senior analyst at Danske Bank, points out that the FX markets were spurred at the end of last week by improved risk sentiment from the co|
|• The pair built on last week’s strong recovery from almost a decade low and was now seen grinding higher along an intraday ascending trend-channe|
|Analysts at National Bank Financial, suggest that BoC’s monetary policy meeting will be the highlight of the week.
“In our opinion the Ba
|Singapore Foreign Reserves (MoM) fell from previous 289.5B to 287.7B in December|
|Italy Public Deficit/GDP dipped from previous 0.5% to -1.7% in 3Q|
|According to analysts at Nordea Markets, tightening financial conditions seen since early November are putting pressure on the US economy, with wider|
|The State Administration of Foreign Exchange (SAFE), China’s fx regulator, reported the key comments following the release of China’s fx reserves data|
|According to Han de Jong, chief economist of ABN AMRO, it is unclear whether the sharp fall in the ISM represents an actual deterioration of business|
|• The cross struggled to build on last week’s late rebound from flash crash lows and remained capped below an important confluence region, around|
|Trump Has Promised to Bring Jobs Back. His Tariffs Threaten to Send Them Away.
Housing Bear Who Called 2018 Slowdown Says Worst Yet to Come
|A new trading venue called the Small Exchange is hoping to disrupt the futures market by creating products more accessible for retail investors.|
|Early trial proceedings begin for ex Barclays CEO John Varley. It’s part of the UK’s first criminal case pursuing senior bankers for crisis-era events.|
|Apple just sounded the alarm on a slowdown in China. Staying away from these 20 stocks could help you avoid the pain, Goldman Sachs says.|
|Officials will begin two days of talks with their counterparts in Beijing on Monday. “I think good things are going to happen” on a deal, Trump said.|
|The employment report out Friday flew past economist expectations.
That contrasted with recent talk of an imminent downturn.
Now, questions have emerged …
|Shares of Abiomed Inc. ABMD, +3.69% rallied 1.1% in premarket trade Monday, after the medical device company reported preliminary fiscal third-quarter|
|Shares of Commercial Metals Co. CMC, +6.77% were indicated down 2% in premarket trade Monday, after the metals products company reported a fiscal firs|
|Shares of Loxo Onocology Inc. LOXO, +6.75% were indicated up about 33% in premarket trade Monday, after the biopharmaceutical company agreed to be acq|
|British lawmakers will vote on Prime Minister Theresa May’s Brexit plan on Jan. 15, the BBC reported Monday, citing government sources. The vote had b|
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|David discusses the latest US jobs report, US and China trade relations, and looks at the events of week ahead. Get the latest daily analysis on key markets …|
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