Recent content by sdoha

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    General ECB's Lane: Natural that debate over policy measures at ECB taking place

    Adding to his earlier comments on the European Central Bank's (ECB) monetary policy decisions, ECB chief economist Philip Lane argued that it was natural for the debate over the policy measures to take place within the Governing Council. "Future Governing Councils can revisit this policy...
  2. sdoha

    General China: Further slowdown in growth – Standard Chartered

    Standard Chartered analysts notes that China’s growth slowed across the board in August, failing market expectations of a recovery after a disappointing July. Key Quotes “Industrial production (IP) growth decelerated further to 4.4% y/y in August, averaging only 4.6% in the first two months of...
  3. sdoha

    General Wall Street opens lower as surging oil prices weigh on sentiment

    Major equity indexes in the United States started the week in the negative territory as heightened tensions in the Middle East following attacks on Saudi Arabia's oil facilities and concerns over the potential negative impact of rising crude oil prices on the global economic growth weighed on...
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    General UK PM Johnson: We have just the right amount of time to do a deal

    While speaking to reporters following his meeting with Luxembourg's Prime Minister Xavier Bettel, British Prime Minister Boris Johnson said that there was a "good shape" of a Brexit deal and added that they have agreed to accelerate the "work ." "If we cannot do a deal then we come out on...
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    General UK PM Johnson's office: PM reiterated that he would not request an extension

    Following his meeting with European Commission President Juncker, British Prime Minister Boris Johnson's office released a statement noting that leaders had a constructive meeting and that they agreed that discussions needed to intensify. "The Prime Minister reconfirmed his commitment to the...
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    General Markets: What is most important in the week ahead? – Nordea 1.00 star(s) 1 Vote

    Nordea Markets analysts suggest that while most “vanilla headlines” will center around the expected Fed cut next week (Wednesday), they will be particularly keen to look for clues from the Fed on USD liquidity. Key Quotes “We expect a 25bp cut and a signal of another cut to come before year-end...
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    General US: Core inflation on the rise – ABN AMRO

    Han de Jong, chief economist at ABN AMRO, points out that the US headline inflation, on the CPI measure, eased from 1.8% yoy in July to 1.7% in August and was largely thanks to the easing of energy prices. Key Quotes “The core-CPI measure amounted to 2.4% yoy, up from 2.2% in July, the third...
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    General Canada: Household indebtedness eases marginally – RBC

    Robert Hogue, senior economist at Royal Bank of Canada, notes that Canada’s debt-to-income ratio has dipped marginally to 177% in Q2 as debt service ratio matches all-time high of 14.9%, with back-to-back asset gains propelling net worth to new heights. Key Quotes “The national balance sheet...
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    General ECB's Weidmann: ECB went beyond its goals at last meeting

    In an interview with German magazine Bild, European Central Bank (ECB) Governing Council member and Bundesbank President, Jens Weidmann, said that the ECB went beyond its goals at this week's policy meeting and added that the situation in the eurozone was not "really bad." "Such a far-reaching...
  10. sdoha

    General US Retail Sales: Consumer spending to deliver another boost to Q3 GDP – Wells Fargo

    Data released today showed retail sales rose 0.4% during August. A better than expected August retail sales report shows core consumer spending is on pace to deliver another boost to GDP growth in the third quarter according to analysts at Wells Fargo. They warn that a pumpkin smashing mood...
  11. sdoha

    General Fed to cut target range for federal funds rate by 25 bps on September 18 - Rabobank

    Previewing next week's key Federal Open Market Committee (FOMC) meeting, "We expect the Fed to cut the target range for the federal funds rate by 25 bps on September 18," said Rabobank analysts. Key quotes "Repeating his mantra that the FOMC ‘will act as appropriate to sustain the expansion,’...
  12. sdoha

    General UK week ahead: Brexit, Supreme Court and BoE - Danske Bank

    Next week, the Brexit drama will continue and on Tuesday will be the hearing on whether the prorogation of the Parliament was unlawful. Later on Thursday the Bank of England will announce its decisions on monetary policy. According to analysts from Danske Bank, the Supreme Court ruling will not...
  13. sdoha

    General Canada: Headline inflation to edge lower to 1.7% annually - TD Securities

    Previewing next week's macroeconomic data releases from Canada, TD Securities analysts said that they were expecting the headline inflation to edge lower to 1.7% annually as weaker gasoline prices are likely to cause a 0.3% monthly decline. Key quotes "Airfares will add another source of...
  14. sdoha

    General ECB's Holzmann: It crossed my mind that the policy decision was a mistake

    Further comments are out on the wires from the European Central Bank (ECB) new Governing Council member Robert Holzmann. It crossed my mind that the policy decision was a mistake. Lagarde isn't "locked" by the current policy. EUR/USD remains unperturbed by the above comments, holding firmer...
  15. sdoha

    General ECB: Understanding the tiering system – Danske Bank

    Danske Bank analysts note that at the meeting yesterday, the ECB announced a tiering system for reserve remuneration (starting 30 October 2019) to support the bank-based transmission of monetary policy. Key Quotes “The system allows banks to place a multiple of their minimum reserve...
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