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- UK final Q1 GDP unrevised at +0.3% q/q, -0.2% y/y
- UK Analysis: Q1 GDP Growth Unrevised; Errors In Data Minimal
- Cable trying to steady after early sell-off
- EU Bank Stress Tests Remain In Focus As Europe Fin Mins Meet
- Japan FinMin Noda: Will have to carefully prepare next fiscal year’s budget
- ECB: E61.118 Bln Covered Bond Purchases Settled Jul 11
- Private European Recovery Fund Idea Currently in Talks: Press
- S&P: If Japan’s fiscal position erodes further could lower sovereign ratings
- UK consumers foresee weakening
- Cable slips in early European trade
- Crisis awaits world’s banks as trilions come due
- EUR/USD marginally easier in sluggish Asian trade
- ForexLive Asian Wrap:
- Asian Region Bourse Update
- Australian Housing Finance Rise…
- China June property prices -0.1% in June
- Japan June Corporate Goods Prices +0.5%, 2nd Y/Y Rise In Row
- EUR/USD: Sovereign bids 1.2480/00
- Nikkei opens -0.5%
- Japan economy: June domestic CGPI -0.4% MoM
| UK final Q1 GDP unrevised at +0.3% q/q, -0.2% y/y Posted: ONS says UK's peak to trough fall in GDP revised to 6.4% from 6.2%. UK Q1 current account gap 9.628 bln vs Q4 2009 surplus of 521 mln, equivalent to 2.7% of GDP, biggest deficit since Q3 2007. UK April services output -0.3% m/m, +1.0% y/y, biggest monthly fall since January. Cable lower, ... |
| UK Analysis: Q1 GDP Growth Unrevised; Errors In Data Minimal Posted: --Q1 GDP Unrevised at +0.3% q/q; -0.2% y/y --Q1 GDP In-line with median forecast --NS says errors found during quality assurance checks minimal LONDON (MNI) - UK economic growth in the first quarter was unrevised while errors uncovered by National Statistics in the data were minimal, figures released ... |
| Cable trying to steady after early sell-off Posted: Cable got as low as 1.4961 after stops tripped through 1.4980 earlier. We're presently back at 1.4980. Further to Iman's heads up re UBS cable sell recommendation. Dow Jones reports the bank has given 7 reasons cable is headed for 1.4000 1) Rest of BOE MPC unlikely to to join Sentance in calling ... |
| EU Bank Stress Tests Remain In Focus As Europe Fin Mins Meet Posted: BRUSSELS (MNI) - Eurozone finance ministers will focus on the best way of plugging gaps in the capital reserves of their banks when they meet here Monday and Tuesday. Central to the debate is whether a E440 billion stabilisation fund ... |
| Japan FinMin Noda: Will have to carefully prepare next fiscal year’s budget Posted: Upper House poll will lead to start of multiparty debate on sales tax, other tax reform |
| ECB: E61.118 Bln Covered Bond Purchases Settled Jul 11 Posted: FRANKFURT (MNI) - The European Central Bank said Monday that a total of E61.118 billion Eurosystem covered bond purchases had settled as of July 11. As of July 8, settled acquisitions had totaled E61.118 billion, the ECB said Friday. ... |
| Private European Recovery Fund Idea Currently in Talks: Press Posted: FRANKFURT (MNI) - A number of large financial institutions are discussing the idea of a privately-financed E20 billion European Recovery Fund, which would be used to assist cash-strapped banks in the event of another financial crisis, the Financial Times reported Monday. ... |
| S&P: If Japan’s fiscal position erodes further could lower sovereign ratings Posted: May also lower Japan's ratings if there is lack of concrete fiscal consolidation steps Would consider revising outlook to stable if Japan takes concrete fiscal consolidation steps |
| UK consumers foresee weakening Posted: WSJ article. |
| Cable slips in early European trade Posted: Cable has come under pressure as European trading gets underway, presently down at 1.4990. Risk appetite seems to be on the wane and this is helping underpin the JPY and USD. Talk of stops now down through 1.4980. Data due today: 08:30 GMT: UK Q1 GDP (final) expected +0.3% q/q, -0.2% y/y; Q1 ... |
| Crisis awaits world’s banks as trilions come due Posted: Happy Dayz...... |
| EUR/USD marginally easier in sluggish Asian trade Posted: EUR/USD down slightly in sluggish Asian trade, presently at 1.2602 from North American close Friday up around 1.2645. Worries surrounding European banks never far from the surface. Euro zone data releases as usual for a Monday almost non-existent: 06;45 GMT: French c/a for May European stocks expected to open marginally firmner this morning. Talk of ... |
| Posted: Japanese election failure threatens Kan's debt reduction initiatives; yen weakness leads modest dollar rally in pre-lunch asia Chinese trade surplus stronger than expected Euro skeptics abound with inevitable suggestions for Euro Zone de-coupling: Capital Economics weighs in the EUR/USD met heavy traffic above 1.2700 friday; perhaps it's time for a breather with short COT ... |
| Posted: Nikkei made back the earlier drift to close the am session 7 points up at 9592.11 Elsewhere, the Kospi, the Hang Seng and the All Ords are all up 0.3 % |
| Australian Housing Finance Rise… Posted: May Owner-Occupier Finance rises + 1.9 % MoM seas adj vs exp 1.5% May Value of Investor Housing Finance rises + seas adj + 2.6% No currency impact, although this was the first rise since last September; no signs of a rapid rebound after the series of RBA rate hikes and a ... |
| China June property prices -0.1% in June Posted: The USD is stronger across the board this morning, with the EUR and the JPY suffering the most at the moment. No major news out, just looks like the market has oversold the greenback in recent weeks and is letting off some steam. |
| Japan June Corporate Goods Prices +0.5%, 2nd Y/Y Rise In Row Posted: -- Japan May CGPI Revised +0.5%, 1st Y/Y Rise In 17 Months -- Japan June CGPI -0.4% M/M Vs May Revised +0.2% -- Japan CGPI Posts 1st M/M Drop In 8 Months TOKYO (MNI) - Japan's corporate goods price index rose 0.5% from a year earlier in June, ... |
| EUR/USD: Sovereign bids 1.2480/00 Posted: I know its not very close but it's just another piece of information to store away. There are Sovereign bids in decent size starting at 1.2500 and just below. |
| Posted: USD/JPY is trying to break higher, having been marginally above Friday night's high at 88.83. Next resistance is around 89.25 where corporate offers are expected. |
| Japan economy: June domestic CGPI -0.4% MoM Posted: This is a slightly bigger decrease than anticipated and is equivalent to +0.5% YoY. |
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