Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

Eurozone October preliminary CPI +4.1% vs +3.7% y/y expected

Posted: 29 Oct 2021 02:00 AM PDT

Latest data released by Eurostat - 29 October 2021 The headline reading jumps to a 13-year high and the core reading exceeding 2% just adds to the headache for the ECB even as Lagarde continues to defend the 'transitory' narrative in her press conference yesterday.

Eurozone Q3 preliminary GDP +2.2% vs +2.0% q/q expected

Posted: 29 Oct 2021 02:00 AM PDT

Latest data released by Eurostat - 29 October 2021

Beijing to enact more virus prevention measures as China seeks to curb latest COVID-19 outbreak

Posted: 29 Oct 2021 01:43 AM PDT

Beijing is chasing zero cases ahead of the upcoming Winter Olympics The latest flare-up in COVID-19 cases in China has seen more than 200 persons contract the virus since 10 days ago and that is prompting local authorities to take strict measures in preventing a further spread of infections across the country.

UK September mortgage approvals 72.6k vs 74.5k prior

Posted: 29 Oct 2021 01:30 AM PDT

Latest data released by the BOE - 29 October 2021 Annual consumer credit growth is up from -2.4% in August to -1.8% in September but remains weak, so that still points to a lack of impetus in the recovery.

Germany Q3 preliminary GDP +1.8% vs +2.2% q/q expected

Posted: 29 Oct 2021 01:00 AM PDT

Latest data released by Destatis - 29 October 2021

Italy Q3 preliminary GDP +2.6% vs +2.0% q/q expected

Posted: 29 Oct 2021 01:00 AM PDT

Latest data released by Istat - 29 October 2021

Major currencies still not showing much poise on the day

Posted: 29 Oct 2021 12:40 AM PDT

Dollar trades more mixed across the board There isn't much happening in the major currencies space but I'd expect things to heat up later in the day as we get into month-end trading and as traders digest the moves in risk sentiment and the bond market.

Euro area bond yields continue to push higher

Posted: 29 Oct 2021 12:25 AM PDT

Lagarde's half-hearted pushback isn't doing the trick In her press conference yesterday, Lagarde mentioned that: That was her trying to push back against the market and rate expectations. However, perhaps the key remark is that she mentioned it wasn't in her place to say exactly whether markets were wrong with their predictions.

European equities open lower to kick start the day

Posted: 29 Oct 2021 12:10 AM PDT

Stocks on the defensive to start the session It is red across the board as equities sell off towards the end of the month, with the more sour tone from disappointing Apple and Amazon earnings weighing on broader sentiment. US futures are still sitting lower with Nasdaq futures marked down 0.8%.

Switzerland October KOF leading indicator index 110.7 vs 108.2 expected

Posted: 29 Oct 2021 12:00 AM PDT

Latest data released by KOF - 29 October 2021

Spain Q3 preliminary GDP +2.0% vs +2.7% q/q expected

Posted: 29 Oct 2021 12:00 AM PDT

Latest data released by the National Statistics Institute - 29 October 2021

France's Le Maire: French economy has returned to pre-pandemic levels in October

Posted: 28 Oct 2021 11:55 PM PDT

Remarks by French finance minister, Bruno Le Maire Well, that was pretty much outlined by the beat in Q3 GDP earlier . But in any case, rising inflation as well as supply bottlenecks are still a risk to the outlook so that is a fresh worry that stifles economic conditions going into next year.

France October preliminary HICP +3.2% vs +3.1% y/y expected

Posted: 28 Oct 2021 11:45 PM PDT

Latest data released by INSEE - 29 October 2021

China's Kaisa reportedly plans to sell property management unit, two Hong Kong sites

Posted: 28 Oct 2021 11:19 PM PDT

Reuters reports, citing people with knowledge of the matter This surely has to do with the debt problems faced by Kaisa as mentioned in the post above. As a reminder, Kaisa is only second to Evergrande in terms of having the most offshore debt due over the next year so this is likely to raise cash

Eurostoxx futures -0.6% in early European trading

Posted: 28 Oct 2021 11:14 PM PDT

Negative tones in early trades This mirrors the more defensive tone set out in US futures, with tech stocks leading the downside after disappointing earnings by Apple and Amazon. S&P 500 futures are down 0.5%, Nasdaq futures down 0.8%, and Dow futures down 0.2% on the day.

Trade ideas thread - European session 29 October 2021

Posted: 28 Oct 2021 10:46 PM PDT

Daily thread to exchange ideas and to share your thoughts But for today, long-end yields are recovering as short-end yields slip back so that is playing fast and loose with market sentiment for the time being.

France Q3 preliminary GDP +3.0% vs +2.1% q/q expected

Posted: 28 Oct 2021 10:30 PM PDT

Latest data released by INSEE - 29 October 2021 For added context, overall GDP has almost returned to pre-pandemic levels and stands just 0.1% below its Q4 2019 level.

Economic data coming up in the European session

Posted: 28 Oct 2021 10:03 PM PDT

Euro area GDP and CPI figures on the agenda today She said that: Our analysis certainly does not support that the conditions of our forward guidance are satisfied at the time of liftoff as expected by markets, nor anytime soon thereafter. However, perhaps the key remark is that she mentioned it wasn't in her place to say exactly

Tech earnings disappointment weigh on sentiment towards the end of the week

Posted: 28 Oct 2021 09:29 PM PDT

Apple and Amazon buck the strong trend This was mentioned by Eamonn overnight , and that is seeing Nasdaq futures down 0.6% on the day currently. S&P 500 futures are down 0.3% while Dow futures are down slightly by 0.1% as risk sentiment keeps more tepid and subdued for now.

Coming up over the weekend from China - official PMIs for October

Posted: 28 Oct 2021 08:28 PM PDT

Purchasing Managers' Index (PMI) data from China's National Bureaus of Statistics and the China Federation of Logistics and Purchasing (CFLP) Due at 0100 GMT on Sunday October 31

ForexLive Asia FX news wrap: FX rates mainly subdued

Posted: 28 Oct 2021 08:00 PM PDT

Forex news for Asia trading on Friday 29 October 2021 There were some minor gyrations in some of majors during the session and on the whole the net change is close to not much at all.

Reports that OPEC+ sees space for more oil in the market

Posted: 28 Oct 2021 07:41 PM PDT

Energy Intelligence with the report, citing a draft seen ahead of next week's (November 4) OPEC+ meeting: - Opec+ sees some more room for its crude in the market

China's state planner says coal prices have room to fall further

Posted: 28 Oct 2021 07:13 PM PDT

China's state planner is the National Development and Reform Commission of the People's Republic of China (NDRC)

More on US authorities banning China Telecom operating in the US

Posted: 28 Oct 2021 06:56 PM PDT

The news on this from earlier in the week is here: As a follow up, CNN have this piece posted now:

Australia Retail Sales for September  +1.3% m/m (expected 0.2%)

Posted: 28 Oct 2021 05:31 PM PDT

Australia Retail Sales for September +1.3% m/m, beating the central estimate Recovering after three down months in succession.  Australia's largest population state of NSW began emerging from lockdown in the month and recorded a rise in sales. Victoria, the second largest population state, remained in lockdown during the month and recorded a fall in sales. 
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)