China press on a 2 week old MLF injection. Hmmm.
13.06.2017
In Chinese press today, a piece on how the PBOC is sticking to 'prudent and neutral' monetary policyFinancial News commentary article on the MLF injection back on June 6:
13.06.2017
In Chinese press today, a piece on how the PBOC is sticking to 'prudent and neutral' monetary policyFinancial News commentary article on the MLF injection back on June 6:
13.06.2017
Iron Ore was lower again overnight, it's a bear market, right?Price fell to an 11 month lowRio Tinto will soon add more supply, opening the Silvergrass project further, scheduled for Q4 of this year
13.06.2017
Data from China is due at 0200GMT. I did a wee preview earlier in the week, and repeated it earlier today, and here is another one, this time from Capital Economics:The drop in the Caixin manufacturing PMI for May suggests that economic activity continued to cool last month and we expect this to be reflected in the data on industrial output volumes. That said, headline industrial production g
13.06.2017
Bloomberg with a piece on Reserve Bank of Australia Governor Lowe, looking at his first 9 months in the big chairHe's given nine public speeches (compared with predecessor Glenn Stevens' four in the same period)Has added up to 200 more words to the bank's monthly policy statements"Phil has been a little more prepared to say what he thinks about things that are not completely within the Reserv
13.06.2017
House Sales for May -18.4% y/yprior (-31%)REINZ also 'seasonally adjust' the data, says sales down 22% y/y after adjustment
13.06.2017
Data from Stats New Zealand Just noting this, it's the Q1 current account data that is the focus of the two simultaneous releases from Stats NZ. This is on a separate post.
13.06.2017
This from National Australia Bank (via eFX):NAB FX Strategy Research expects a quarter-point lift to the Fed Funds rate (to 1.0-1.25%) at the FOMC June meeting and argues that any thing other than retention of the end-2017 median dot at 1.375% would be a major surprise. "If no upsets here, then what if anything happens to the 2018 dots - and the narrative surrounding them in Yellen's post
13.06.2017
Kocherlakota ahead of the FOMC meetingInflation data is an opportunity for the Fed to continue to provide stimulus without worrying about excessive amounts of inflationLet's wait to see sustainable 2% inflation before we embark on tighteningI think the Fed is not putting enough weight on the fact that having more employment in the current environment would be a positive thingThere is an ability to
13.06.2017
German Finance Minister Schäuble spoke with Bloomberg earlier, saying: "The British government has said we will stay with the Brexit. We take the decision as a matter of respect. But if they wanted to change their decision, of course they would find open doors"
13.06.2017
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