Day: November 5, 2017

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  UBS on Powell as Fed Chair - Strategy's view for markets

  A client note from UBS Global Research on Powell as Federal Reserve System Chair (In brief ... ) We expect continuity in policy from a[...]
  2017-11-05 20:39:06

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  PBOC sets USD/CNY central rate at 6.6072 (vs. yesterday at 6.6196)

  I expect some liquidity injection via MLFs from the People's Bank of China today The Bank has gauged demand for 7, 14 and 63 day[...]
  2017-11-05 20:39:06

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  PBOC injects 404bn liquidity via MLFs

  People's Bank of China injects 404bn yuan liquidity via MLFs - 1 year Medium Term Lending Facility funds - At 3.2% (unchanged rate from the previous[...]
  2017-11-05 20:39:06

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  Next week is a big week in Australia - RBA preview

  Preview of the Reserve Bank of Australia Statement via HSBC (Yes, that's right, not only are we getting the  Australian Bureau of Statistics reweight of the[...]
  2017-11-05 20:39:06

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  Jerome Powell nominated as Federal Reserve Chairman

  Trump nominates Powell, as expected Powell will be the next Fed leader, replacing Janet Yellen on Feb 3. Trump says he will lead the 'independent'[...]
  2017-11-05 20:39:06

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  Fed's Powell: Economy has made substantial progress

  Powell comments after his nomination - Financial system more resilient than before - Says committed to twin Fed mandate - Committed to making decisions with[...]
  2017-11-05 20:39:06

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  White House: No Fed vice-chairman will be named this week

  White House on the Fed decision - Trump was most comfortable with Powell - Powell to bring some continuity - Trump had no problem with[...]
  2017-11-05 20:39:06

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  Former Dallas Fed President Richard Fisher spills on Powell

  Fisher sat beside Powell for years on the FOMC - Fisher gushed about Powell, said he sat beside him - Said Powell often talked about[...]
  2017-11-05 20:39:06

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  More data to come: ISM non-manufacturing and factory orders

  Big numbers still to come The week is far from over with some top-flight data still to come after a short break. It kicks off[...]
  2017-11-05 08:47:10

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  Markit US October services PMI 55.2 vs 55.9 expected

  The service-sector survey from Markit - Flash reading was 55.9 - Prior was 55.3 - New business 54.2 vs 56.2 prior (lowest since April) - New[...]
  2017-11-05 08:47:10

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