Search Results

  • The AFR on a report from Australian Energy Market Operator warning of a significant risk of a gas shortage in eastern states over the next two years - And it could worsen AFR says Australian Prime Minster Malcolm Turnbull & Deputy PM briefing industry leaders in Sydney on Monday

    Australia press: Government set to pull the trigger on limiting gas exports within days

    The AFR on a report from Australian Energy Market Operator warning of a significant risk of a gas shortage in eastern states over the next two years - And it could worsen AFR says Australian Prime Minster Malcolm Turnbull & Deputy PM briefing industry leaders in Sydney on Monday
    Read More
  • Early election announcement coming up? Also: Reuters quoting sources: - Japan finance minister Aso is said to be skipping G20 and IMF meetings in US next month

    Japanese PM Abe to hold a news conference at 0900 GMT

    Early election announcement coming up? Also: Reuters quoting sources: - Japan finance minister Aso is said to be skipping G20 and IMF meetings in US next month
    Read More
  • Australian Banks Scrap ATM Fees The four biggest banks in Australia are removing cash withdrawal fees for all local users as they attempt to recover their reputations' status amid increasing political pressure for stricter laws following a series of scandals. Australia's biggest bank, the Commonwealth Bank of Australia, announced on Sunday that it would scrap the A$2 or $1.60 fee for all users of its 3.4000 automated teller machines located across the nation. A few hours later, Westpac Banking Corp. and National Australia Bank Ltd. followed suit a few hours later. Meanwhile, Australia and New Zealand Banking Group Ltd. Consumers have long criticized why they need to pay in order to access their own money, so the decision to remove the fees gives the industry, which has been hit by a string of scandals, some positive publicity. Commonwealth Bank has been tackling allegations that it repeatedly broke anti-money laundering laws and is now faced with a civil court case and tw..

    Prime News: Australian Banks Scrap ATM Fees

    Australian Banks Scrap ATM Fees The four biggest banks in Australia are removing cash withdrawal fees for all local users as they attempt to recover their reputations' status amid increasing political pressure for stricter laws following a series of scandals. Australia's biggest bank, the Commonwealth Bank of Australia, announced on Sunday that it would scrap the A$2 or $1.60 fee for all users of its 3.4000 automated teller machines located across the nation. A few hours later, Westpac Banking Corp. and National Australia Bank Ltd. followed suit a few hours later. Meanwhile, Australia and New Zealand Banking Group Ltd. Consumers have long criticized why they need to pay in order to access their own money, so the decision to remove the fees gives the industry, which has been hit by a string of scandals, some positive publicity. Commonwealth Bank has been tackling allegations that it repeatedly broke anti-money laundering laws and is now faced with a civil court case and tw..
    Read More
  • Euro Slides on Political Uncertainty The euro fell as Angela Merkel's win as German Chancellor was tainted by a worse-than-anticipated result that leaves her with challenging coalition talks. Despite Merkel winning her fourth term in office, the euro ended a two-day rally as her current coalition party, the Social Democratic Party, excluded itself from an agreement with Merkel's Christian Democratic Union, making the establishment of a united government more difficult. Merkel will need to reach a consensus with pro-business Free Democratic Party and Green Party in order to form a coalition, a development that may need months. The common currency fell 0.2 percent at $1.1934, increasing the gap between a two-and-a-half year high of $1.2092 hit on September 8, when the ECB policy meeting lifted hopes of currency bulls that the central bank would start unwinding its massive stimulus program. While majority of currency analysts see the euro closing the year above the $1.20 mar..

    Prime News: Euro Slides on Political Uncertainty

    Euro Slides on Political Uncertainty The euro fell as Angela Merkel's win as German Chancellor was tainted by a worse-than-anticipated result that leaves her with challenging coalition talks. Despite Merkel winning her fourth term in office, the euro ended a two-day rally as her current coalition party, the Social Democratic Party, excluded itself from an agreement with Merkel's Christian Democratic Union, making the establishment of a united government more difficult. Merkel will need to reach a consensus with pro-business Free Democratic Party and Green Party in order to form a coalition, a development that may need months. The common currency fell 0.2 percent at $1.1934, increasing the gap between a two-and-a-half year high of $1.2092 hit on September 8, when the ECB policy meeting lifted hopes of currency bulls that the central bank would start unwinding its massive stimulus program. While majority of currency analysts see the euro closing the year above the $1.20 mar..
    Read More
  • The news was out earlier: Japan press: PM Abe wants a 2tln yen economic package The headlines crossing via Reuters again just now We should be getting a press conference from Abe some time today with the yay or nay on an early election

    Japan headline crossing wires again – PM Abe wants a 2tln yen stimulus package

    The news was out earlier: Japan press: PM Abe wants a 2tln yen economic package The headlines crossing via Reuters again just now We should be getting a press conference from Abe some time today with the yay or nay on an early election
    Read More
  • Mixed Canada Economic Data Opens Doors for more Rate Hikes Canadian retail sales volumes dropped in July, indicating a softer pace of expansion at the beginning of the third quarter, although the acceleration in inflation in August still provides the central bank with room to hike interest rates once again. A moderation in growth heading into the third quarter is anticipated following a solid first half of 2017 which made Canada a Group of Seven leader. The strong performance caused the Bank of Canada to hike interest rates twice so far this year. Economists are trying to assess whether the central bank will hike rates once more by the end of the year or wait until 2018 to tighten. Latest data revealed that total retail sales increased 0.4 percent. Although it surpassed expectations, economists expected a 0.2 percent drop in volumes, which implies that economic expansion was probably unchanged in July. The annual inflation rate increased to 1.4 percent in August from 1.2 percent ..

    Prime News: Mixed Canada Economic Data Opens Doors for more Rate Hikes

    Mixed Canada Economic Data Opens Doors for more Rate Hikes Canadian retail sales volumes dropped in July, indicating a softer pace of expansion at the beginning of the third quarter, although the acceleration in inflation in August still provides the central bank with room to hike interest rates once again. A moderation in growth heading into the third quarter is anticipated following a solid first half of 2017 which made Canada a Group of Seven leader. The strong performance caused the Bank of Canada to hike interest rates twice so far this year. Economists are trying to assess whether the central bank will hike rates once more by the end of the year or wait until 2018 to tighten. Latest data revealed that total retail sales increased 0.4 percent. Although it surpassed expectations, economists expected a 0.2 percent drop in volumes, which implies that economic expansion was probably unchanged in July. The annual inflation rate increased to 1.4 percent in August from 1.2 percent ..
    Read More
  • Japan Manufacturing PMI Rises 52.6 In September - Nikkei The manufacturing sector in Japan continued to expand in September, and at a faster rate, the latest survey from Nikkei revealed on Monday with a four-month high manufacturing PMI score of 52.6. That's up from 52.2 in August, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Individually, output, new orders, new export orders and input prices all accelerated, while employment and output prices continued to expand but at a slower pace. Future expectations were positive with a stronger sense of optimism.

    Japan Manufacturing PMI Rises 52.6 In September – Nikkei

    Japan Manufacturing PMI Rises 52.6 In September - Nikkei The manufacturing sector in Japan continued to expand in September, and at a faster rate, the latest survey from Nikkei revealed on Monday with a four-month high manufacturing PMI score of 52.6. That's up from 52.2 in August, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Individually, output, new orders, new export orders and input prices all accelerated, while employment and output prices continued to expand but at a slower pace. Future expectations were positive with a stronger sense of optimism.
    Read More
  • COLOMBIA: Colcap Rises 0.15% On Bancolombia And Avianca Colcap, the main index of the Colombian Stock Exchange, rose 0.15% to close at 1,486.15 points Friday, boosted by Bancolombia and Avianca. During the week, however, the Colombian market fell 0.45%. Andr?s Fonseca, an analyst at Alianza Valores, said that a court ruling that favored Avianca in a litigation to the pilots union of pilots led to a 1.56% increase in shares. Meanwhile, Bancolombia's preferred shares rose 1.42% following a report by Morgan Stanley recommending the shares of the bank traded abroad. The ordinary shares of Bancolombia (+1.53%), Conconcreto (+0.99%), ETB (+0.97%), and Nutresa (+0.67%) also rose, while Cemargos (-1.02%), Davivienda (-0.90%), Celsia (-0.53%), Grupo Aval (-0.38%), and Ecopetrol (-0.36%) fell. Meanwhile, the locally traded U.S. dollar closed the day at 2,905.80 Colombian pesos, marking a 0.32% fall, due to the increased perceived risk of political tensions between the United Stat..

    COLOMBIA: Colcap Rises 0.15% On Bancolombia And Avianca

    COLOMBIA: Colcap Rises 0.15% On Bancolombia And Avianca Colcap, the main index of the Colombian Stock Exchange, rose 0.15% to close at 1,486.15 points Friday, boosted by Bancolombia and Avianca. During the week, however, the Colombian market fell 0.45%. Andr?s Fonseca, an analyst at Alianza Valores, said that a court ruling that favored Avianca in a litigation to the pilots union of pilots led to a 1.56% increase in shares. Meanwhile, Bancolombia's preferred shares rose 1.42% following a report by Morgan Stanley recommending the shares of the bank traded abroad. The ordinary shares of Bancolombia (+1.53%), Conconcreto (+0.99%), ETB (+0.97%), and Nutresa (+0.67%) also rose, while Cemargos (-1.02%), Davivienda (-0.90%), Celsia (-0.53%), Grupo Aval (-0.38%), and Ecopetrol (-0.36%) fell. Meanwhile, the locally traded U.S. dollar closed the day at 2,905.80 Colombian pesos, marking a 0.32% fall, due to the increased perceived risk of political tensions between the United Stat..
    Read More
  • For 10am NY expiry - please ensure to check back with Mike during UK time for updates and more EUR/USD (EUR amounts) USD/JPY (USD amount) AUD/USD

    Option expiries Monday 25 September 2017

    For 10am NY expiry - please ensure to check back with Mike during UK time for updates and more EUR/USD (EUR amounts) USD/JPY (USD amount) AUD/USD
    Read More
  • Ratings agency Fitch says defaults on public bonds by Chinese local government financing vehicles (LGFVs) are becoming more likely - will probably trigger a repricing of the market --Note:

    Fitch says some China LGFV defaults likely (timing uncertain)

    Ratings agency Fitch says defaults on public bonds by Chinese local government financing vehicles (LGFVs) are becoming more likely - will probably trigger a repricing of the market --Note:
    Read More