ING Bank NV strategist Viraj Patel with some comments Patel notes that China’s evaluation of the potential impact of a yuan devaluation is an “interesting ploy” and an indication of the full extent of its policy options.
A rare sight to behold It’s not every day that a commodity currency and a safe haven currency share last place among performance in the major currency bloc. But it is the case in trading so far today.
Financial Conduct Authority head Andrew Bailey cited by Reuters Lest we forget amid all the global trade spats that Brexit still lurks behind the scenes.
Further comments by Chinese premier Li Keqiang Li’s comments on the day (earlier ) so far doesn’t offer too much. He’s playing the “yes, we will heed your advice and do what is necessary” card but it’ll be too naive to believe that Trump will be able to take these words at face value and…
Latest data released by the RBA – 9 April 2018 Reserves starting to climb after the dip in January. The bulk of the change comes from FX reserves, which what makes up for the majority portion of the RBA’s foreign reserves holdings.
Reuters correcting the earlier headline The central bank says that Kuroda will be holding a news conference to mark the start of his second term as BOJ governor.
European equity futures mildly higher in early trade Mainly following the tone set by Asian equities so far today. Points to a decent start for the cash equity market at the top of the hour later.
Tokyo’s main index closes higher on the day A decent session for the Nikkei as US equity futures are having a positive day so far as well. It’s been a fairly good session for Asian stocks considering the declines suffered by the US on Friday, and that to do with the hope that Xi Jinping’s
Latest data released by Destatis – 9 April 2018 Lower surplus than expected, as both exports and imports declined heavily over the month – exports more so. The soft patch for German data continues.
UK Halifax March house price data now out 9 April – 0.4% prev – 3mth/year 2.7% vs 2.0% exp vs 1.8% prev Impressive showing but one of three key HPI readings to be released each month.