New York opening news digest
|There’s a reason Federal Reserve officials may soon start to disagree about whether to continue raising interest rates.|
|Some rising markets should be used as selling opportunities|
|Many Chinese entrepreneurs have been lifted to billionaire status following the public debut of a slew of tech firms, but their fortunes are now sliding amid skepticism of the companies’ future prospects.|
|The FTSE stabilized in recent sessions, but can it continue? In this article a couple of scenarios are highlighted which have differing outcomes.|
|The European Commission and the ECB have published mixed reports on the prospects for the Eurozone economy but the technical outlook for EURUSD remains constructive.|
|USDJPY Outlook: Bulls Remain Amid Crucial Support and FOMC Decision|
|Gold and crude oil prices may accelerate downward as an upbeat statement from the Federal Reserve boosts rate hike speculation and sends the US Dollar|
|Italy’s Finance Minister Giovanni Tria was out on the wires in the last hour and confirmed government’s commitments to 2.4% 2019 deficit.
|• Resurgent USD demand triggers the initial leg of the intraday slide.
• Italian worries exert additional pressure on the shared currency.
|In view of FX Strategists at UOB Group, Cable is seen declining and testing the lower bound of the 1.3080/1.3170 band in the next weeks.
|The Polish Zloty remains poised to appreciated further in the next months, suggested Jens Pedersen, Senior Analyst at Danske Bank.
|Analysts at TD Securities suggest that Canadian housing starts for October are projected to rebound to a 198k pace, matching their estimate.
|Tim Riddell, Research Analyst at Westpac, suggests that relatively market benign response to US elections could see EUR rebound.
|EUR/JPY daily chart
|In view of analysts at TD Securities, the November FOMC meeting should be a dull affair, with limited changes expected in the statement.
|Adding to his earlier comments, EU’s economic and monetary commissioner Pierre Moscivici was further noted saying that EU forecast on Italy is made ba|
|Simon Coveney, Ireland’s deputy prime minister, speaking in Dublin this Thursday, urged caution over the recent optimism that a Brexit deal could be s|
|According to Bill Diviney, Senior Economist at ABN AMRO, the outcome of the US midterm elections now paves the way for the growth slowdown that they h|
|In view of Imre Speizer, Research Analyst at Westpac, NZD/USD has had a good run in November, rising almost 4c since the Oct low of 0.6425. Some of th|
|• A strong follow-through USD recovery exerts prompts some profit-taking.
• Investors also seemed to have fully digested the recent Brexith op
|According to Reuters, citing a government source, the UK Cabinet meeting on Brexit seems unlikely to take place ahead of next week.
The news seemed
|Jens Pedersen, Senior Analyst at Danske Bank, gives his views on the Norwegian Krone in the next months.
“Despite risk rallying, oil fluc
|Ireland HICP (MoM) rose from previous -0.3% to -0.2% in October|
|Ireland HICP (YoY): 1.1% (October) vs previous 1.2%|
|Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are|
|Ireland Consumer Price Index (MoM): -0.1% (October) vs -0.4%|
|Chile Core Consumer Price Index (Inflation) (MoM) remains unchanged at 0.1% in October|
|Chile Consumer Price Index (Inflation) (MoM) registered at 0.4% above expectations (0.3%) in October|
|South Africa Manufacturing Production Index (YoY) came in at 0.1% below forecasts (1.7%) in September|
|The European Union’s Economic Commissioner Pierre Moscovici was out with his comments on Italian budgetary proposals and said that we have to ensure t|
|FX Strategists at UOB Group do not ruled out further weakness in spot, although it should remain within the broad 1.1370/1.1500 range.
|In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross remains poised to visit the 130.20 area, where lies the 200-day SMA.|
|The greenback, in terms of the US Dollar Index (DXY), is alternating gains with losses in the second half of the week and is now gyrating around the 9|
|China’s premier Li Keqiang was out on the wires in the last hour, saying that China will strengthen fine-tuning of policies and deepen opening up of i|
|Analysts at Deutsche Bank suggest that we have a Fed meeting to look forward to this evening and the overriding consensus, both amongst economists and|
|The UK foreign secretary Jeremy Hunt was out on the wires in the last hour, showing confidence that Irish backstop issue can be resolved and reaching|
|Sean Callow, Research Analyst at Westpac, suggests that they are sticking with the their bullish view on the AUD/USD pair for the week ahead, even tho|
|The automaker is buying Spin and its 24 employees as it steps more firmly into the mobility revolution.|
|It’s been one of the most active years in senior investment banking moves since the financial crisis. We spoke with top headhunters to determine the top 40 moves of the year.|
|Traders on the floor of the New York Stock Exchange watch President Donald Trump’s news conference. AP/Richard Drew Here is what you need to know.
|A report published to Congress said that the annual rate had almost doubled since in the month since the last report was published in October.|
|Chris Hyzy, the CIO for BofA’s Global Wealth and Investment Management division, outlines what would have to happen for the 9-year bull market to end. He also highlights three signals investors should watch for.|
|FirethornTrust, a property investment firm run by two US billionaire families, is looking to invest heavily in London’s Canary Wharf district.|
|Crocs Inc. CROX, +0.42% shares rose 3.1% in Thursday premarket trading after the shoe company reported third-quarter earnings and sales that beat expe|
|Shares of Cardinal Health Inc. CAH, +2.13% rallied 2.9% in premarket trade Thursday after the healthcare services company reported fiscal first-quarte|
|D.R. Horton Inc. DHI, +0.27% reported Thursday fiscal fourth-quarter earnings that matched expectations, but revenue that came up shy, as rising price|
|Shares of Arris International PLC ARRS, +11.29% jumped in lightly traded premarket action Thursday after the cable-industry vendor said it was being a|
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|Filippo Diodovich, market analyst at IG Italy, says this week’s expected confidence vote is important because it is the first vote of its kind amid a dispute…|
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