2 June, 2016 by The TZ Newswire Staff Comments Off on R3 Adds Life Insurance Firm AIA to Blockchain Consortium
R3 Adds Life Insurance Firm AIA to Blockchain Consortium
Blockchain startup R3CEV has added Hong Kong-based life insurance group AIA to the ranks of its global banking consortium.
2 June, 2016 by The TZ Newswire Staff Comments Off on Moody’s says Japan’s sales-tax hike delay is credit negative
Moody’s says Japan’s sales-tax hike delay is credit negative
US ratings agency out with their verdict 2 June 2016
– delay makes fiscal goals more challenging
– tax delay and planned fiscal stimulus raise further questions over govt’s ability,willingness, to meet fiscal goals
Not what Abe & Co wanted to hear but I’m sure he won’t lose a lot of sleep over it.
2 June, 2016 by The TZ Newswire Staff Comments Off on Eurozone PPI April mm -0.3% vs +0.1% exp
Eurozone PPI April mm -0.3% vs +0.1% exp
Eurozone PPI April data just out 2 June 2016
– +0.3% prev
– yy -4.4% vs -4.1% exp vs -4.1% prev from -4.2%
More soft inflation data for the ECB to chew over today.
2 June, 2016 by The TZ Newswire Staff Comments Off on ECB Preview: Here’s the thoughts of a few major banks
ECB Preview: Here’s the thoughts of a few major banks
Plenty of banks out there offering client notes ahead of the ECB today 2 June 2016
These courtesy of MNI.
– majority of banks expect ECB to leave policy rates to be
left unchanged at
today’s meeting, with focus on implementation of corporate sector purchase
program (CSPP) and new LTRO-II
Large majority to agree maintaining accommodative stance, door left
open
for further stimulus i.e; 6-month APP extension & possible cuts in Refi
rate.
2 June, 2016 by The TZ Newswire Staff Comments Off on 10 trades for a dovish Draghi and hawkish Yellen
10 trades for a dovish Draghi and hawkish Yellen
Using Kensho, we looked at which securities performed the best and worst on euro weakness versus the U.S. dollar.
2 June, 2016 by The TZ Newswire Staff Comments Off on More from the order boards 2 June
More from the order boards 2 June
Here’s the latest on the other key pairs for today 2 June 2016
0.9865 still shadowing EURUSD
USDCHF:
Offers: 0.9900 0.9960 0.9980 1.0000 1.0060 1.0100
2 June, 2016 by The TZ Newswire Staff Comments Off on UK Markit/CIPS May construction PMI 51.2 vs 52.0 exp
UK Markit/CIPS May construction PMI 51.2 vs 52.0 exp
UK Markit/CIPS May construction PMI data 2 June 2016
– 52.0 prev
– lowest since June 2013
– new orders 48.1 vs 50.1 prev. lowest since March 2013
Softer reading will be no surprise to the bears amongst us as the sector’s decline continues.