Thursday, 20 September 2018

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

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

Asia:
02:00am  - Jap BBG Sept. Japan economic survey
08:00am  - JAP Convenience store sales

Europe:
09:30am  - UK Retail sales ex auto fuel MoM
09:30am  - UK Retail sales ex auto fuel YoY
09:30am  - UK Retail sales inc auto fuel MoM
09:30am  - UK Retail sales inc auto fuel YoY
15:00pm  - EU Consumer confidence
16:15pm  - Weidmann speaks in Germany
18:20pm  - ECB's Praet speaks in New York

US:
13:30pm  - CAN ADP Payrolls report
13:30pm  - U.S. Philly Fed Business
13:30pm  - U.S. Initial jobless claims
13:30pm  - U.S. Continuing claims
15:00pm  - U.S. Leading index
15:00pm  - U.S. Existing home sales
15:00pm  - U.S. Existing home sales MoM

Market Focus this Morning...
  -  Sterling saw a sharp drop on reports that UK PM May has rejected Barnier’s offer on the Irish border, while the Canadian Dollar dropped after sources suggested a US-Canada NAFTA deal was unlikely this week.
  -  Brexit minister Raab reiterating the government's line on Brexit; urges the EU to move closer to the UK position, rules out second referendum, says Chequers is the only credible plan, and believes a deal is close.
  - Cable got a boost by the UK CPI data earlier that was higher than expectations.
  - NZ GDP was also higher than estimates coming in at 1.0% QoQ (est 0.8%) and 2.8% YoY (est 2.5%)... NZD jumped 50 tics on the release of this data.

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