Asia:
07:35am - BoJ's Amamiya speaks in Tokyo
08:05am - Bk of Thailand Rate Decision
Europe:
07:00am - German PPI
08:00am - Swedish Consumer Conf.
08:30am - ECB's Villeroy Speaks in Paris
09:00am - ECB's Lautenschlager in Sintra
09:00am - ECB's Nowotny Speaks
10:45am - ECB's Knot speaks in Amsterdam
11:00am - UK CBI Trends Survey
11:30am - ECB's Coeure chairs panel in Sintra
14:30pm - Draghi, Powell, Kuroda and Lowe in Sintra
US:
12:00pm - US MBA Mortgage Applications
15:00pm - US Existing Home Sales
13:30pm - US Building Permits
Market Focus this Morning...
- Fed's Kaplan sees muted economic hit from any oil price rise
- ECB's Draghi said uncertainty permeates the economy outlook and although the economy is developing underlying strength that was absent the ECB is to be patient in determining timing of first hike. Downside risks include increased protectionism threats and 'significant' monetary accommodation is still needed.
- ECB's Lane said it's too early for the ECB to discuss future rate hikes and that a wider, persistent trade war would be a concern.
- ECB's Liikanen commented the ECB can hold rates even after summer 2019 if needed, and backs Draghi’s comments at the ECB Forum in Sintra, citing that significant monetary accommodation still needed and they would need a sizeable inflation shock to reverse the decision on QE.
- ECB's Smets said escalating global trade tensions are “clearly a downward risk” for the world economy.
- ECB's Nowotny said Greece and others can deal with raised rates and expects the ECB to raise rates after summer of 2019.
- Former U.S. Treasury Secretary Summers warned that developed countries are badly equipped for another recession, both economically and politically, and central banks should be wary of raising interest rates just to control inflation.
- EU Brexit Negotiator Michel Barnier says serious divergences remain in Brexit talks.
- Heavy Lords defeat for UK government sets up Brexit showdown as peers backed an amendment to the EU Withdrawal Bill by 354 to 235, a majority of 119 over giving MPs a "meaningful vote" on the final Brexit deal.
07:35am - BoJ's Amamiya speaks in Tokyo
08:05am - Bk of Thailand Rate Decision
Europe:
07:00am - German PPI
08:00am - Swedish Consumer Conf.
08:30am - ECB's Villeroy Speaks in Paris
09:00am - ECB's Lautenschlager in Sintra
09:00am - ECB's Nowotny Speaks
10:45am - ECB's Knot speaks in Amsterdam
11:00am - UK CBI Trends Survey
11:30am - ECB's Coeure chairs panel in Sintra
14:30pm - Draghi, Powell, Kuroda and Lowe in Sintra
US:
12:00pm - US MBA Mortgage Applications
15:00pm - US Existing Home Sales
13:30pm - US Building Permits
Market Focus this Morning...
- Fed's Kaplan sees muted economic hit from any oil price rise
- ECB's Draghi said uncertainty permeates the economy outlook and although the economy is developing underlying strength that was absent the ECB is to be patient in determining timing of first hike. Downside risks include increased protectionism threats and 'significant' monetary accommodation is still needed.
- ECB's Lane said it's too early for the ECB to discuss future rate hikes and that a wider, persistent trade war would be a concern.
- ECB's Liikanen commented the ECB can hold rates even after summer 2019 if needed, and backs Draghi’s comments at the ECB Forum in Sintra, citing that significant monetary accommodation still needed and they would need a sizeable inflation shock to reverse the decision on QE.
- ECB's Smets said escalating global trade tensions are “clearly a downward risk” for the world economy.
- ECB's Nowotny said Greece and others can deal with raised rates and expects the ECB to raise rates after summer of 2019.
- Former U.S. Treasury Secretary Summers warned that developed countries are badly equipped for another recession, both economically and politically, and central banks should be wary of raising interest rates just to control inflation.
- EU Brexit Negotiator Michel Barnier says serious divergences remain in Brexit talks.
- Heavy Lords defeat for UK government sets up Brexit showdown as peers backed an amendment to the EU Withdrawal Bill by 354 to 235, a majority of 119 over giving MPs a "meaningful vote" on the final Brexit deal.
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