March 18-22: Central Bank Decisions

Main central banks: FOMC The U.S Fed surprised everyone by signaling it will not raise rates again in 2019, stating that U.S economic growth has slowed. Fed officials also said they would end the drawdown of central bank bond holdings in September, a tad later than the market had expected. Fed Chair Powell said in […]

Canada: International transactions in securities, January 2019

Foreign investors acquired $28.4 billion of Canadian securities in January, following a significant divestment in December. Meanwhile, Canadian investors reduced their holdings of foreign securities by $8.8 billion, led by sales of US shares. As a result, international transactions in securities generated a record net inflow of funds of $37.2 billion in the Canadian economy […]

UK lawmakers publish plan to break Brexit impasse

British lawmakers published a plan on Thursday to take control of the parliamentary agenda on March 20 with a view to forcing a future discussion of Brexit options, aimed at finding a majority to break the current impasse. The plan, supported by lawmakers from both Prime Minister Theresa May’s Conservatives and opposition parties, would overturn […]

U.S weekly jobless claims increase more than expected

The number of Americans filing applications for unemployment benefits increased more than expected last week, suggesting the labor market was slowing, but probably not to the extent implied by a near-stall in job growth in February. Initial claims for state unemployment benefits rose 6,000 to a seasonally adjusted 229,000 for the week ended March 9, […]

U.S core inflation unexpectedly cools

A key measure of underlying U.S. inflation unexpectedly eased in February amid falling prices for autos and prescription drugs, giving the Federal Reserve more room to stick to its plan for being patient on raising interest rates. Excluding food and energy, the so-called core consumer price index rose 0.1 percent from the prior month and […]

Dollar playing second fiddle to Brexit

Tuesday March 12: Five things the markets are talking about Global equities have extended yesterday’s gains, along with U.S futures, as the broad risk-on attitude across markets continues. Treasuries prices are under pressure and the ‘big’ dollar has edged a tad lower, while sterling is climbing ahead of this afternoons crucial Brexit vote. Markets are […]

Brexit and sterling volatility expected

Monday March 11: Five things the markets are talking about A U.S budget, a ‘meaningful’ Brexit vote and U.S-China trade talks are to dominate proceedings this week. President Trump is expected to release his proposed fiscal 2020 budget today, four-weeks later than scheduled, due to his partial government shutdown. Expect the President to be looking […]