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Mar 30, 18 •
1656 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on US-Korea agreement seen as a turning point; UK Trade Secretary Fox states he will not support extension of Brexit transition period
The US and Korea managed to strike an important agreement this week and many recognize it as the first success of President Trump’s trade strategy and a turning point in general. The agreement is being offered as an innovative and a visionary development....
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Mar 29, 18 •
1649 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on BoE welcomes agreement between UK and EU27 on implementation period; US to restrict Chinese investments
The Bank of England has provided some highlights update on the regulatory approach to preparations for EU withdrawal, released yesterday. Namely, BoE presumes that there will continue to be a high degree of supervisory cooperation between UK and EU...
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Mar 28, 18 •
1681 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Global trade policy formally shifted towards protectionism as the markets are shaken once again
With the new tariffs and fears of a trade war, after Trump allegedly intends to impose 25% import duty on 60bn worth of imports from China, markets are being shaken again after a short recess. Given how Trump has internalized the development in S&P500...
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Mar 27, 18 •
1567 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Top European research Institutes see Eurozone economy robust expansion in H1 2018; ‘Tariff war’ topic still hot for EU and Japan
According to the Ifo Institute (Munich), KOF (Zurich) and Istat (Rome), robust economic growth of 0.6% can be expected in the first and second quarters of 2018 with marginal slowdown of growth to 0.5% in the third quarter. The key drivers of growth are...
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Mar 26, 18 •
1506 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Fed will likely support more rate hikes during the year; Canada has seen a rise in the CPI and retails sales up 0.3 % in January; today we have a light calendar ahead
Forex today was mainly driven by risk flows, with a major turnaround in the risk condition experienced amid ebbing fears over the US-China trade war. The WSJ reported that the US and China are quietly seeking trade solutions after last week’s war of words....
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Mar 23, 18 •
1586 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on BoE MPC votes 7-2 to keep rates on hold yesterday, however the Bank is still gearing up for May rate hike
In its latest monetary policy meeting, held yesterday, the BoE MPC voted 7-2 in favour of leaving benchmark interest rate unchanged at 0.50%. Meanwhile, it was a unanimous vote to keep asset purchase facility at £435 billion and corporate bond target at £10...
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Mar 22, 18 •
1753 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on UK wage figures make a May rate hike highly possible; USD FOMC sees growth firming and gradual normalization appropriate
Alongside positive steps made in Brexit talks this week, the UK wage data may give BoE a green light on rate hike to happen in May. At 2.6%, growth in average weekly earnings excluding bonuses suggests that wages are gathering momentum. Admittedly, the...
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Mar 21, 18 •
1613 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on G20 continued to emphasize the importance of free trade; UK CPI eases more than expected in February and the German ZEW Economic sentiment deteriorates sharply in March
In the G20 meeting that concluded yesterday, analysts at Deutsche Bank have noticed that most global finance chiefs warned against protectionism with BOJ Governor Kuroda noting “the G20 will continue to emphasize the importance of free trade” while...
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Mar 20, 18 •
1703 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on All focus is on the Fed and if it will raise the rates. What will be the key for the markets to watch?
The markets were feeling a little indecisive last week given the unpredictable spate of headlines which seemed to come from the White House on an almost daily basis then there’s good news as we have the welcome distraction of a Fed meeting this week....
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Mar 19, 18 •
1954 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on European Commission is preparing its member states for trade war with Trump; G20 finance ministers will focus on crypto implications for the financial system during today’s meeting
According to the German centre0-right, liberal-conservative newspaper, Frankfurter Allegemeine Zeitung, the European Commission is preparing member states for a trade war with the US over Trump’s steel and aluminum tariffs. It has obtained an internal memo...