Market News

Fed member Evans speaks

Slower growth outside the US will have a dampening impact  On a risk-management basis a more accommodative policy makes sense  Would be helpful to have certainty on USMCA  Long-term issues are hard to address with current uncertainties

12 Jul 19 (Fri)

02:32 pm

US Core PPI (YoY) (Jun)

Actual: 2.3% Forecast: 2.2% Previous: 2.3%

12 Jul 19 (Fri)

12:31 pm

US PPI (YoY) (Jun)

Actual: 1.7% Forecast: 1.6% Previous: 1.8%

12 Jul 19 (Fri)

12:30 pm

Eurozone Industrial Production (MoM) (May)

Actual: 0.9% Forecast: 0.2% Previous: -0.4%

12 Jul 19 (Fri)

09:00 am

IEA says OPEC+ cuts do not change the fundamental outlook of an oversupplied market

Global oil stockpiles swelled surprisingly in 1H 2019 Consumption proved far weaker than expected, outlook for 2020 also deteriorating OPEC may need to reduce output to lowest in 17 years to balance market

12 Jul 19 (Fri)

08:17 am

BOE's Vlieghe: Rate cuts more likely than hikes if no-deal Brexit materialises

But says that rates would need to rise in a smooth Brexit scenario Outlook has deteriorated since February UK Q2 growth could be slightly negative

12 Jul 19 (Fri)

08:05 am

China customs say that 1H trade conditions were resilient due to stable economy

China's economy is in a proper range so far this year Trade is facing pressure but still has good outlook

12 Jul 19 (Fri)

07:35 am

Headlines the Economic Calendar on Friday

1. Eurozone Industrial Production Industrial Production number is expected to rise to 0.2% in May from -0.5% fall in the preceding month. The year-on-year rate of Industrial Production is expected to drop to -1.6%. 2. US PPI Inflation

12 Jul 19 (Fri)

06:17 am

Powell: US economy in very good place but uncertainties weigh

US economy in a very good place but uncertainties weigh We've signaled that we are open to more accommodation We will use our tools to keep the expansion going US consumer part of the economy is intact Worried by some weakness in the business sector, tied t...

11 Jul 19 (Thu)

02:56 pm

Fed Chair Powell Testifies in the Senate Banking Committee

Does not appear to be anyone agency of with oversight over Libra Fed has no authority to regulate Facebook Top issue with Libra is privacy and privacy of financial data Companies that are highly leveraged will be impacted more in a economic downturn Most ri...

11 Jul 19 (Thu)

02:37 pm

IMF sees prolonged anaemic growth in eurozone, urges ECB stimulus

IMF says ECB's intention to maintain ample accommodation for longer is vital, adds that possible tiered deposit rates would have very small impact on aggregate bank profitability and questionable impact on credit conditions

11 Jul 19 (Thu)

02:34 pm

Fed's Barkin: Rate cuts, if needed, would stimulate the economy in many ways

Businesses are not cutting back on spending but they are not leaning forward Consumer companies he talks to do not see demand weakening. Sees low likelihood of strong price hikes in the economy. Businesses are starting to think U.S. Tariffs on China may be long term

11 Jul 19 (Thu)

02:24 pm

Coming Up: Fed Chair Powell Testifies  

Fed Chair Powell will testify again today on the Semiannual Monetary Policy Report before the Senate Banking Committee.

11 Jul 19 (Thu)

01:55 pm

WH adviser Kudlow: Looks like the Fed is going to cut rates

White House economic adviser Larry Kudlow said that it looks like the Fed is going to cut rates Regarding the U.S.-China trade conflict, Kudlow said that the U.S. does not expect China to be buying farm products from the U.S.

11 Jul 19 (Thu)

01:02 pm

US: Annual core CPI ticks up to 2.1% in June vs 2% expected

The US Consumer Price Index (CPI), in June, fell to 1.6% on a yearly basis from 1.8% in May and matched analysts estimates. The core CPI, which excludes volatile food and energy prices, ticked up to 2.1% in the same period to beat the market expectation of 2%.

11 Jul 19 (Thu)

12:39 pm

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