2 October, 2016 by The TZ Newswire Staff Comments Off on UK Chancellor Hammond plans to abandon 2020 surplus target
UK Chancellor Hammond plans to abandon 2020 surplus target
The Wall Street Journal reports Chancellor of the Exchequer Philip Hammond is set to abandon the target of achieving a surplus at the end of the current Parliament in 2020
2 October, 2016 by The TZ Newswire Staff Comments Off on Meanwhile, Saudi Stocks Crash Near 7 Year Lows
Meanwhile, Saudi Stocks Crash Near 7 Year Lows
Despite the Deutsche-driven bounce in Western markets on Friday, the ‘panic in The Kingdom’ that we highlighted earlier in the week is accelerating fast. Following demands from officials for banks to reschedule loans to clients affected by last week’s decision to cut salaries and bonuses for state employees, Middle-East bank stocks are collapsing and Saudi’s Tadawul Index is back near its 2009 lows…
2 October, 2016 by The TZ Newswire Staff Comments Off on Weekly outlook for USD, EUR, JPY, GBP, CHF, AUD, NZD from Morgan Stanley
Weekly outlook for USD, EUR, JPY, GBP, CHF, AUD, NZD from Morgan Stanley
Plenty from MS here
, via eFX
2 October, 2016 by The TZ Newswire Staff Comments Off on More on the Q3 BOJ Tankan report: "Corporate sentiment worse than expected"
More on the Q3 BOJ Tankan report: "Corporate sentiment worse than expected"
The Bank of Japan Q3
Tankan headline results (and link to full report) are here
now if you’d like to read more:
Bloomberg summary on the web
And Reuters:
2 October, 2016 by The TZ Newswire Staff Comments Off on Kuroda has blown his chance of a second term says Abe aide Nakahara
Kuroda has blown his chance of a second term says Abe aide Nakahara
I had the headlines on this much earlier today
Ex-BOJ board member Nakahara – yield control, neg rate are mistakes
on comments from Nobuyuki Nakahara, “an intellectual father of the Bank of Japan’s first run at quantitative easing in 2001”
2 October, 2016 by The TZ Newswire Staff Comments Off on Australia (monthly) inflation gauge: +0.4% m/m (prior +0.2% m/m)
Australia (monthly) inflation gauge: +0.4% m/m (prior +0.2% m/m)
The Melbourne Institute Inflation Gauge
– +0.4% m/m (prior +0.2%)
– +1.3% y/y (prior +1.2%)
– ‘Trimmed mean’ in at +0.2% m/m and +0.8% y/y
We get official data from the Australia Bureau of Statistics once a quarter. This monthly data is still well short of the RBA 2 to 3 % target band, but moving a smidge higher (that’s a technical term).
2 October, 2016 by The TZ Newswire Staff Comments Off on Trump adviser: ‘He would be in jail if he had not paid taxes’
Trump adviser: ‘He would be in jail if he had not paid taxes’
Donald Trump adviser Jack Kingston responds to New York Times report of 1995 tax documents saying Trump’s financial disclosure is the “superior document.”