Forexlive RSS Breaking news feed

Forexlive RSS Breaking news feed

UK October construction PMI 54.6 vs 52.6 prior

Posted: 04 Nov 2021 02:30 AM PDT

Latest data released by Markit/CIPS - 4 November 2021

OPEC+ reportedly likely to stick with oil output plan

Posted: 04 Nov 2021 02:14 AM PDT

Reuters reports, citing sources familiar with the matter That is to stick with plans to raise output by 400k bpd later today, despite calls from the US to increase that in order to cool the surge in energy prices. A source said that:

Eurozone October final services PMI 54.6 vs 54.7 prelim

Posted: 04 Nov 2021 02:00 AM PDT

Latest data released by Markit - 4 November 2021 The preliminary report can be found . Minimal changes to the initial estimates as the final readings just reaffirm that euro area growth has slowed to a six-month low - largely due to supply-side issues. That in turn also fueled strong inflationary pressures, with both input costs and output prices

Germany October final services PMI 52.4 vs 52.4 prelim

Posted: 04 Nov 2021 01:55 AM PDT

Latest data released by Markit/BME - 4 November 2021 here Of note, businesses highlighted a drag on activity from supply-side issues and inflationary pressures continued to mount with surging costs driving a record rise in prices charged by services firms on the month. Markit notes that:

France October final services PMI 56.6 vs 56.6 prelim

Posted: 04 Nov 2021 01:50 AM PDT

Latest data released by Markit - 4 November 2021 The preliminary report can be found . No change to initial estimates as this reaffirms a slight bump in services sector momentum in the French economy with new orders and employment increasing markedly.

Italy October services PMI 52.4 vs 54.5 expected

Posted: 04 Nov 2021 01:45 AM PDT

Latest data released by Markit - 4 November 2021 "The Italian service sector lost further growth momentum in October, with business activity rising at the weakest pace in the current six-month sequence amid a slightly slower uplift in new business. Pressure on capacity continued to build, however, with firms citing logistical issues and goods shortages as drivers behind the latest rise in

Spain October services PMI 56.6 vs 55.8 expected

Posted: 04 Nov 2021 01:15 AM PDT

Latest data released by Markit - 4 November 2021 Employment growth also picked up but the downside is that operating costs saw a record increase amid rising input costs, leaving firms with little choice but to try and pass these higher expenses onto clients. Markit notes that:

European equities open higher to start the day

Posted: 04 Nov 2021 01:03 AM PDT

Positive vibes in Europe after the gains in Wall Street yesterday Of note, the DAX and Stoxx 600 indices are up to fresh record highs as equities continue their good form from last month, helped by the Fed reaffirming patience on rate hikes.

US said to ask OPEC+ to increase output by 600k to 800k bpd

Posted: 04 Nov 2021 12:58 AM PDT

According to delegates familiar with the matter As opposed to the expected 400k bpd increase going into today's meeting. Right, as if OPEC+ will listen to that.

Reminder: OPEC+ to meet later today

Posted: 04 Nov 2021 12:39 AM PDT

But no change to output policy is expected Despite calls by the US to loosen the taps, OPEC+ is almost certainly not going to budge with their plan to raise output by 400k bpd. The bloc has maintained a consistent message in outlining that pandemic risks are not over yet and they are also arguably not

A dovish rate hike by the BOE, if any - Danske

Posted: 04 Nov 2021 12:30 AM PDT

Danske Bank expects the BOE to keep its bank rate unchanged today but says that if a rate hike materialises, it will be a dovish one The firm argues that: Adding that markets have been too aggressive in pricing in rate expectations for the BOE next year, expecting that the central bank may move with a total

Eurostoxx futures +0.6% in early European trading

Posted: 04 Nov 2021 12:06 AM PDT

Upbeat tones in early trades This comes after a mixed and tepid showing by European indices yesterday, closing before the push higher in Wall Street after the Fed. Of note, DAX futures are trading at record highs so that underscores the positive sentiment in the equities space.

Germany September factory orders +1.3% vs +2.0% m/m expected

Posted: 04 Nov 2021 12:00 AM PDT

Latest data released by Destatis - 4 November 2021 Meanwhile, a 9.6% increase in new orders was recorded in the manufacturing of motor vehicles, trailers and semi-trailers, after a 12.6% decline had been seen in August.

Trade ideas thread - European session 4 November 2021

Posted: 03 Nov 2021 11:30 PM PDT

Daily thread to exchange ideas and to share your thoughts So, the Fed pretty much delivered on expectations as they began tapering and maintained the transitory language somewhat while not really going aggressive on rate hikes.

Some scenarios to consider going into the BOE meeting decision later today

Posted: 03 Nov 2021 10:23 PM PDT

A neat crib sheet via ING It is important to take note that market pricing is siding more towards a 15 bps rate hike but economists are still split on the matter with the balance erring slightly towards being unchanged (important to be wary of this dynamic).

Economic data coming up in the European session

Posted: 03 Nov 2021 10:11 PM PDT

BOE to round off the major central bank focus this week The dollar is keeping a bit more mixed post-FOMC as it pares some losses against the euro and pound from yesterday after the initial reaction. But risk currencies are maintaining their advance, keeping flatter so far today as equities are in a good mood as

It's not all about Evergrande when it comes to worries surrounding Chinese property developers

Posted: 03 Nov 2021 09:36 PM PDT

Kaisa shares and dollar bonds tumble amid fears of a liquidity crunch Meanwhile, its dollar bonds have also declined by as much as 5 cents on the dollar and has dropped rather considerably since the start of October.

ForexLive Asia FX news wrap: USD catches a bit of a bid

Posted: 03 Nov 2021 08:58 PM PDT

Forex news for Asia trading on Thursday 4 November 2021 Post-links Paragraph Text Here, don't forget an image. Coming up ahead: The steepening yield curve in the wake of the Federal Open Market Committee announcement and Powell's press conference remained here during Asia trade. Following on for the gains on Wall Street regional indices were stable to firm. Across the FX space it was fairly sedate,

Trade in onshore bonds of two China property groups has been suspended after falls of >20%

Posted: 03 Nov 2021 08:58 PM PDT

Shimao Group and Yuzhou Group Holdings

The globe's largest free trade deal, RCEP, will kick in on January 1 2022

Posted: 03 Nov 2021 08:56 PM PDT

The Regional Comprehensive Economic Partnership on Trade (RCEP) brings together 15 nations in an FTA. Initial participants, whose who have ratified the agreement:

China - Shenzhen relaxes rules for developers buying land

Posted: 03 Nov 2021 08:56 PM PDT

with the report, the moves are meant to bolster land sales, helping the troubled property sector.  Shenzhen is one of the first among China's local authorities to relax rules, aimed at bolstering land sales and supporting the troubled property sector.

Moody's says headwinds to growth will dissipate in 2022, stable global growth by 2023

Posted: 03 Nov 2021 08:21 PM PDT

Ratings agency Moody's with that upbeat headline, but there are potential hurdles, read on ... - says headwinds to growth will dissipate next year, allowing global economy to enter stable growth by 2023

Travel from Hong Kong to mainland China set to begin again in December

Posted: 03 Nov 2021 07:11 PM PDT

That's the plan, with China's current COVID-19 outbreak it may change. Travellers from HK will be limited to Guangdong province initially. 

Japan's Trade Minister Kajiyama has asked the US to abolish extra tariffs on steel, aluminium

Posted: 03 Nov 2021 06:55 PM PDT

The request was made in the Minister's meeting with US Trade Rep Katherine Tai 

China's President Xi says will extend international shipping cooperation

Posted: 03 Nov 2021 06:44 PM PDT

Report on Xi via China Central Television (CCTV), a Chinese state-controlled broadcaster Further to this, the Baltic Dry is lower again today. 
Posted by: at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)