Sunday, 15 October 2017

Things To Look Out For Today - Events & Data (Ldn Times)

Asia
02:10am    - BOJ Outright Bond Purchase 1~3 Years
02:10am    - BOJ Outright Bond Purchase 3~5 Years
02:10am    - BOJ Outright Bond Purchase  5~10 Years
02:30am    - CH CPI
02:30am    - CH PPI
05:30am    - Japan Industrial Production
05:30am    - Japan Capacity Utilisation


Europe:
00:01am    - UK Rightmove House Prices
07:00am    - Ger Wholesale Price Index
07:00am    - Nor Trade Balance
07:00am    - Den PPI
10:00am    - Eur Trade Balance
14:00pm    - Yellen, Zhou, Kuroda, Constancio on G-30 Panel in Washington


US
13:30pm    - US Empire Manufacturing


Market focus this Morning...
-U.S. stocks reached record highs on Friday as investors bet on another strong earnings season. The Nasdaq composite advanced 0.2 percent to 6,605.80 and notched intraday and closing records. The S&P 500 finished 0.1 percent at 2,553.17 and hit an all-time intraday high, with information technology and materials leading advancers.
-U.S. government debt yieldsfell Friday, as investors digested another round of economic data and a batch of speeches set to be given by leading Federal Reserve members.
-There is no need to worry about a slowdown in the pace of the European Central Bank’s asset purchases as it keeps monetary policy accommodative overall, French central bank chief Francois Villeroy de Galhau said on Sunday.
-Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been surprisingly low.
-With conservative leader Sebastian Kurz winning Austria’s parliamentary elections on Sunday with around 32 percent of votes, many of his supporters see little reason to shy away from forming a government with the far right Freedom Party (FPO).
-Secretary of State Rex Tillerson said Sunday that President Donald Trump had instructed him to continue diplomatic efforts to calm rising tensions with North Korea, saying “those diplomatic efforts will continue until the first bomb drops.”
-Euro zone inflation will pick up as the economic recovery continues, despite a puzzling disconnect between strong growth and weak wages, European Central Bank Vice President Vitor Constancio said on Sunday.
-Bank of Japan Governor Haruhiko Kuroda warned on Sunday that investors may be complacent about geopolitical risks that could trigger financial market turbulence and disrupt an otherwise broadening global economic recovery.
-Dallas Fed President Kaplan said he intends to keep an open mind ahead of upcoming Fed meetings on the timing of the next rate hike as conflicting force in the economy continue to hold down inflation but that taking the next tightening step may be wise from a risk-management perspective.
-BoE Governor Carney said the central bank is expected to raise interest rates in the coming months but he declined to be drawn on whether it would be as soon as next month, or if a series of rises is planned.
-China's Zhou says economy has shown signs of strong and stable growth in 2017
-China Sept M2 money supply yy +9.2% vs 8.9% exp, New lending easily beating expectations as the Chinese govt encourage homeowners and companies in a credit-fuelled economic growth to meet targets.

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