Ignazio Visco stating the obvious Ideally the output gap would be addressed via investment The ECB doesn't want monetary policy to be the only game in town (bit late for that chummy) ECB mon pol has substantially reduced the deflation risk...
European Central Bank out with its monthly bulletin 16 June 2016 stimulus from existing measures to have more impact Blimey, all go this morning. Is it time for the football yet? Full release here ( basically a re-hash of the Draghi ECB meeting statement...
Swiss National Bank chairman Jordan with his press conference 16 June 2016 Brexit vote may cause uncertainty, turbulence will monitor situation closely and act if required franc remains significantly overvalued neg rates absolutely essential tool...
Swiss National Bank statement following the rate hold decision 16 June 2016 franc significantly overvalued Brexit concerns causing uncertainty and may increase Here ya go. As per printed programme. expects moderate growth in global economy to sustain over the coming quarters...
Swiss National Bank out with their latest interest rate decision 16 June 2016 3-month lower target LIBOR -1.25% 3-month upper target LIBOR -0.25% sight deposit rate -0...
Bank of Japan governor still up to the rostrum 16 June 2016 BOJ policy not to underwrite govt spending but to achieve price stability excessive yen moves could have impact on prices BOJ closely watching fx, fin market moves we are not conducting mon pol in sync with fx moves...
BOJ governor turns his attention to FX rates 16 June 2016 will monitor moves carefull yen gains that don't reflect economy undesirable various ways to respond to surge in dollar cost always checking dollar funding costs for Japanese banks...
Bank of Japan governor still at the press conference 16 June 2016 Brexit affecting drop in bond yields The Brexit-blame card now appearing, not for the first time today I'm sure with SNB and BOE to follow. BOJ in close contact with CBs including BOE Oh to be fly on the wall...
A soggy session for Japanese equities after the BOJ left policy on hold 16 June 2016 -485.44 open 15871.22 high 15913.08 low 15395.98...
How Fed estimates changed 2016 growth downgraded to 2.0% from 2.2% in the March projection 2017 growth downgraded to 2.0% from 2.1% It's officially a 2% economy (and the Fed has a history of overestimating) Unemployment forecasts for 2016 and 2017 unchanged...
Highlights of the FOMC interest rate decision June 15, 2016 Rates left unchanged in 0.25% to 0.50% range Labor market slowed since April meeting despite economic pickup Expects labor market indicators 'will strengthen' Repeats that economy to warrant only gradual hikes...
No chance of a hike today but the odds rise in the year ahead The Fed doesn't like those numbers so low. My best guess is that the Fed is a bit hawkish to preserve the possibility of a June hike. The non-farm payrolls report looks like an outlier...
Where the Fed stands "Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative...
From CitiFX Strategy, comments on the CHF and the referendum Calling SNB Bluff: Limited Scope To Respond To CHF Strength Before The Referendum - Citi Absent the upcoming referendum, this week's policy meeting would probably pass a nonevent...
European stock market close 14 June 2016 FTSE -2.0% Cac -2.3% Dax -1.4% Ibex -2.1...
The FOMC decision is at 2 pm ET (1800 GMT) on Wednesday The WSJ has 5 things to watch for at the Fed meeting. The assessment of the domestic economy will likely downgrade employment Brexit worries are likely to be address in the statement or press conference Sliding inflation expectations...
The trend of weakness in corporate earnings is likely to continue in 2016. The most recent corporate earnings report from the Bureau of Economic Analysis for the first quarter showed after-tax profits down 3.6% from the first quarter of 2015. A negative 3...
Dear Trader, There are now less than 2 weeks’ left till the British EU referendum. Further to last week’s email, market conditions remain volatile and you should be aware that there may be periods of wider spreads and/or reduced liquidity with a higher probability of gap risk...
