Sunday, 12 November 2017

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

Asia
23:50pm    - Jpn PPI
00:30am    - Aus Credit Card Purchases
06:00am    - Jpn Machine Tool Orders
12:00pm    - Ind Trade Balance
17:45pm    - Jpn BOJ Kuroda Speaks


Europe:
05:30am    - Nth Retail Sales
07:00am    - Swe Unemployment Rate
09:00am    - EU  ECB's Constancio Speaks
11:00am    - Por CPI
16:00pm    - EU  ECB's Nowotny Speaks


US
00:10am    - US Fed's Harker Speaks
19:00pm    - US Monthly Budget Statement


Market focus this Morning...
-Dow and S&P 500 close lower, snap longest weekly winning streak in 4 years
-U.S. government debt yields rose on Friday, after fresh consumer sentiment data missed expectations; tax reform remained in focus. The yield on the benchmark 10-year Treasury note climbed to 2.398(+0.056)
-US crude finishes 0.7% lower but holds near highest levels since 2015. Strong demand and OPEC-led supply cuts support market. Hezbollah says Saudi Arabia declared war on Lebanon. Oil demand strong in South-east Asia.
-Britain will not offer a figure or a formula for how much it believes it owes the European Union, Brexit minister David Davis said on Sunday, after the EU demanded that London spell out its approach to the final bill to unblock talks.
-Asia-Pacific leaders agreed on Saturday to address “unfair trade practices” and “market distorting subsidies” in a statement that bore the imprint of U.S. President Donald Trump’s efforts to reshape the global trade landscape.
-Bitcoin briefly drops 15% in rocky weekend amid controversy over digital currency's future. The high volatility reflects disagreement among developers about which iteration will be the primary version of bitcoin.
-Embattled U.K. Prime Minister Theresa May faced a fresh challenge as the Sunday Times said 40 Conservative members of Parliament, nearly enough to trigger action, have agreed to sign a letter of no confidence in her.

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