Thursday, 13 September 2018

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

Asia:
22:00pm  - NZ REINZ House Sales YoY (3.1%)
22:00pm  - NZ Food Prices MoM (-0.5%)
00:50am  - Japan PPI YoY (3.0%)
00:50am  - Japan Core Machine Orders YoY (13.9%)
02:00am  - Aussie Cons. Inflation Expect .(4.0%)
02:30am  - Aussie Employment Change (44.0k)
02:30am  - Aussie Unemployment Rate (5.3%)
02:30am  - Aussie Participation Rate (65.7%)
09:30am  - HK Industrial Production YoY
09:30am  - HK PPI


Europe:
00:01am  - UK RICS House Prx Bal (2%)
07:00am  - German CPI
07:45am  - French CPI
08:30am  - Swedish GDP
12:00pm  - UK BoE Rate Decision
13:30pm  - ECB's Draghi Holds Press Conf.


US:
13:30pm  - US CPI
13:30pm  - Canadian House Prx Index
13:30pm  - US Initial Jobless Claims
13:30pm  - US Real Avg Wkly Earnings
18:00pm  - Fed's Bostic Spks on Economy


Market Focus this Morning...
- US proposing a new round of trade talks with China in the near future.
- President Trump signed a sweeping executive order authorizing U.S. sanctions on any foreign individual or country that tries to interfere in U.S. elections.
- Fed's Bullard commented that yield curve inversion would likely up recession risk, an inflation surge is unlikely, although they can monitor pressures.
- Fed's Brainard said trade is a source of uncertainty and its too early to assess if tax cuts are helping supply side.
- Fed's Rosengren, (non-voter), comments recession has inevitably followed when unemployment falls as low as it is, and that the central bank is having no success in fine tuning full employment
- Canada's Foreign Minister Freeland saying that officials will be working on NAFTA on Thursday in Washington, although she won't be there
- US's Kudlow said Trump is doing 'the Lord's work' on trade and that critics should give Trump a chance on trade policy. He added that the US is 'killing it' on the economy.
- Mexico's Guajardo sees a 'high chance' of a US-Canada trade deal
- EU said to begin redrafting Irish Brexit protocol to appease the UK and expects the UK to shift on the Irish issue after the Tory conference.
- UK Brexit Secretary Raab reportedly warns the UK will not pay divorce bill without a Brexit deal, according to the Telegraph
- UK's Rees-Mogg says he supports May as UK PM.
- EU lawmakers have voted overwhelmingly in favor of launching action against the Hungarian government of PM Viktor Orban for allegedly undermining the bloc’s democratic values and rule of law.
- Italy’s 5-Star Movement denied that the 5-Star Movement, one of the two parties in the ruling coalition, was seeking the resignation of Economy Minister Giovanni Tria.
- S Korea's PM said it's time to review whether to raise rates, according to Yonhap
- IMF says Portugal's outlook is positive but sees external risks
- China’s financial system poses one of the bigger risks to global financial stability, BoE Gov. Carney said in an interview with the BBC to mark the 10th anniversary of the global financial crisis.

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