SocGen on lower, global terminal rates, "So while monetary policy will be tightened, it could be a very short tightening cycle and those who wait longest to raise rates, may miss their chance to do so."
Newsquawk Tue 10 Aug 2021 11:47You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
- Marko, "positioning against the refl. trade went 2 far, with reopen & refl. stocks and l/t bonds trading at Jan (peak-pand.) levels. We thus expect the refl. trade – cyclicals, yields, refl. and reopen themes – to rebound as Delta fears subside, and infl. and growth continues" Newsquawk Tue 10 Aug 2021 11:32
- RT @ZackEiseman: Mester speaking at 10:00ET, hasn't spoke since June and votes next year. Be interesting to get her opinion on potential 20… Newsquawk Tue 10 Aug 2021 11:22
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
- European bourses are marginally firmer with US futures mixed/flat in quiet newsflow after initial overnight pressure in futures despite a lack of catalysts US Senate's infrastructure deal vote is expected today at 11:00EDT/16:00BST USD is underpinned to the detriment of safe-haven CHF & JPY while USTs are steady but EGBs/Gilts are bid post-ZEW/DMO issuance China's Daily noted that the PBoC may have to cut the RRR or interest rate to spur growth North Korea warned the US and South Korean military drills mean they will face even greater security threats; hotline was subsequently reported as having no connection Looking ahead, highlights include US Labour Costs/Productivity (Prelim.), Chinese M2, EIA STEO, Fed's Evans & Mester and supply from the US
- @zerohedge Just gutted he isn't going to be joining West 'am #uptheirons Newsquawk Tue 10 Aug 2021 10:52
- Live footage of Paul Pogba assessing the potential implications of a 'Messi to Paris' transfer https://t.co/PBJ2WgoMeV Newsquawk Tue 10 Aug 2021 10:37
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
- RE: that German Zew data, @PantheonMacro says "the increase in the current situations index indicates that economic growth, and conditions for earnings, remained robust midway through Q3, but the now-clear reversal in the expectations gauge suggests that momentum is peaking" Newsquawk Tue 10 Aug 2021 10:12
- RBC: After recent gold slide, gold now in a fairer range; should find support if it dips materially vs its base case forecasts $XAU https://t.co/FACxSutMO4 Newsquawk Tue 10 Aug 2021 10:07
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EQUITIES
European equities (Eurostoxx 50 +0.2%) broadly trade on a marginally firmer footing whilst macro impulses for the region remain light during summer trade. A disappointing German ZEW report did little to shift the dial in Europe despite expectations falling for a third time in a row. The lead from Asia was characterised by choppy price action whilst US futures trade with little in the way of firm direction. Of note for China, China’s Daily suggested the PBoC may have to cut the RRR or interest rate to spur growth. From a US perspective, the Senate is set to vote on the infrastructure deal at 11:00EDT/16:00BST. The bill is expected to pass and head to the House, where...
- RT @pearkes: Powell & Brainard are equivalent on monpol. So you’re trading more aggressive finreg for real political consensus…when you’re… Newsquawk Tue 10 Aug 2021 09:42
Members of President Biden’s economic team generally support nominating Federal Reserve Chairman Jerome Powell to a second term, but growing resistance from prominent Democrats including Sen. Elizabeth Warren (D., Mass.) could lead to his replacement, according to people familiar with the matter.
Mr. Powell, who was appointed to his first term by former Republican President Donald Trump, has received high marks from some Democrats for steering the central bank toward a paradigm shift that has placed greater attention on reducing...
- RT @globaltimesnews: #Tesla denied media reports claiming its planned research and development center in #Shanghai, its first R&D facility… Newsquawk Tue 10 Aug 2021 09:17
- ZEW: Expectations down for a third month in a row; notes increasing risks for the German economy (COVID, China slowdown) Newsquawk Tue 10 Aug 2021 09:02
- There was no connection in the inter-Korean hotline at 4pm local time (0800BST) --Yonhap https://t.co/qRlJUTLrZt Newsquawk Tue 10 Aug 2021 08:46
- European Movers: Flutter +4.0% Dufry +3.0% IHG +1.1% Munich Re +0.3% Brenntag -1.4% Bayer -0.4% Newsquawk Tue 10 Aug 2021 07:06
- APAC equities traded mixed; the Nikkei gave up its catch-up gains and China was choppy US equity futures were dented alongside sentiment despite the absence of a catalyst at the time Fed's Rosengren (2022 voter) said the Fed should announce QE tapering in September for a start this fall China's Daily noted that the PBoC may have to cut the RRR or interest rate to spur growth North Korea warned the US and South Korean military drills mean they will face even greater security threats US Senate's infrastructure deal vote is expected today at 11:00EDT/16:00BST Looking ahead, highlights include German ZEW, US Labour Costs/Productivity (Prelim.), Chinese M2, EIA STEO, Fed's Evans & Mester, supply from the UK and US Earnings: Porsche, Flutter, SYSCO
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