Tag Archives: ECB
FX: Denial mode
“When the US sneezes, the rest of the world catches the cold.” Bad US ISM? Weather. Bad Chinese PMI? New Year.
ECB 2013 Income Falls, Net Profit Up On No Add’l Risk Provision
The European Central Bank’s earnings decreased in 2013, but net profit was up as the Bank ended its re-stocking of risk provisions in the past year, according to the bank’s annual accounts report released Thursday.
FX Daily
In the data calendar the main events are the ZEW indicator in Germany, CPI inthe UK and the NAHB housing market index and Empire.
ECB Coeure: Inflation Nearing Area That May Create Price Stab Risks
European Central Bank Executive Board member Benoit Coeure said that inflation in the Eurozone is close to an area that could alter expectations and create downside risks for price stability.
FI Eye-opener: Italy at it again. New PM but any changes?
Bond yields dropped somewhat yesterday triggered by weak US retail sales and in the early evening the news that Italian premier Letta is resigning.
Daily FX Wrap and Strategy
The NZD has crept a little higher to sit around 0.8340 this morning. Yesterday’s BNZ PMI showed NZ’s manufacturing sector started 2014 on a healthy note. January’s reading of 56.2 is well above 50,
ECB: Taxes, Base Effects To Help Inflation 2014 Levels
The European Central Bank Thursday said that base effects from food and energy prices should have a cumulative upward impact of around 0.5 percentage points on inflation levels in 2014.
Risk of soft Riksbank and annual address by Governor Olsen in Norway
Today attention turns to Scandinavia with the Riksbank meeting as the main event. Our view is that rates and the rate path will be kept more or less unchanged.
FI Eye-opener: ECB deposit rate cut still on the table
Yesterday was fairly quite in the markets. Both equity and bonds markets seem to have stabilised a bit. No major data releases are due for some time and hence market direction could be a bit sideways in the very near term.
FX Daily
US retail sales likely got off to a soft start in January following a strong finish to2013. As consensus we look for 0.0% m/m in total retail sales and 0.1% m/m in retailsales ex autos and gasoline.
Daily FX Wrap and Strategy
The NZD sits around 0.8320 this morning, having traded as high as 0.8360 overnight. The NZD gained a boost yesterday afternoon, along with the AUD, on the back of better than expected China trade data.
ECB Draghi: Banking Union To Lead To Stronger Fin Integration
European Central Bank President Mario Draghi said Wednesday that a banking union can lead to stronger financial integration in the Eurozone,