Podcasts about ECB

European bourses are mostly lower but have trimmed the losses seen at the cash open. The main macro story for the region thus far has been the flash PMI prints for September.French PMI missed, German PMI modestly beat, EZ PMI was mixed, UK PMI only saw manufacturing beat; the main theme of the PMIs was growth concerns.DXY is on a firmer footing following the uneventful BoJ decision overnight coupled with weakness from the EUR post-PMI; JPY underperforms BoJ kept monetary policy settings unchanged and made no change to forward guidance with the central bank to patiently continue monetary easing.Australian unions agreed to endorse recommendations made by the industrial umpire to end the dispute with Chevron; strike actions have been called off. Looking ahead highlights include US PMIs (Flash), Canadian Retail Sales, ECB's de Guindos, Fed's Daly, Cook & Kashkari. Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

- ECB says rate rises are over - Michelle Bullock takes over at the RBA - The magic of money - Staying long term when the market hates youSee omnystudio.com/listener for privacy information.

APAC stocks traded mixed amid a higher yield environment and after this week's central bank frenzy culminated with a lack of surprises from the BoJ.BoJ kept monetary policy settings unchanged and made no change to forward guidance with the central bank to patiently continue monetary easing.European equity futures are indicative of a softer open with the Euro Stoxx 50 future -0.3% after the cash market closed down 1.5% yesterday.DXY remains firm on a 105 handle, JPY lags post-BoJ with USD/JPY around the 148 mark, Cable is sub-1.23.Australian unions agreed to endorse recommendations made by the industrial umpire to end the dispute with Chevron.Looking ahead, highlights include French, German, EU, UK & US PMIs (Flash), Canadian Retail Sales, UK CBI Trends, BoJ Governor Ueda, ECB's de Guindos, Riksbank's Thedeen, Fed's Daly, Cook & Kashkari.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Fed kept rates unchanged and provided more hawkish dot plots; signalled a further rate hike this year and fewer cuts next year.APAC stocks were pressured in the aftermath of the FOMC's hawkish pause; US futures are also softer (ES -0.3%) European equity futures are indicative of a lower open with Euro Stoxx 50 future -1.0% after the cash market closed up 0.8% yesterday.DXY has held onto its post-FOMC gains, USD/JPY has advanced as high as 148.45, antipodeans lag peers.Brazil Central Bank cut the Selic rate by 50bps to 12.75%, as expected; anticipates further reductions of the same magnitude in the next meetings.Looking ahead, highlights include US IJC, Existing Home Sales & EZ Consumer Confidence (Flash), BoE, SNB, Riksbank, Norges Bank, CBRT & SARB Policy Announcements, ECB's Lagarde, Schnabel & Riksbank's Thedeen, Supply from Spain, France & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are pressured as the region reacts to the FOMC, US futures are lower but action is slightly more containedDXY is off 105.68 best but remains supported, GBP pressured and sub-1.23 ahead of the BoE with pricing still near 50/50CHF collapses as SNB leaves rates unchanged, SEK pressured on the initial Riksbank announcement before appreciating on FX hedging & NOK benefits from Norges Bank guidance for another hikeBrief move higher on the SNB for EGBs/USTs has dissipated with hawkish FOMC undertones persisting pre-BoECommodities pressured in-fitting with the broader risk tone and USD action, TTF hindered further on an Offshore Alliance Woodside updateLooking ahead, highlights include US IJC, Existing Home Sales & EZ Consumer Confidence (Flash), BoE, CBRT & SARB Policy Announcements, ECB's Lagarde & Schnabel. Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

FTSE 100 outperforms after sub-forecast UK inflation data, Real Estate and Banking leadingStateside, futures are essentially flat pre-FOMCGBP undermined as market pricing pivots to 50/50 for pause/hike by the BoE, DXY at 105.00, USD/JPY over 148.00EGBs & USTs rise on significant Gilt upside, US yields lower with the short-end leadingCrude benchmarks pressured after seven sessions of upside, XAU flat while Palladium outperformsLooking ahead, highlights include US MBAs, FOMC & Fed Chair Powell's Press Conference, BCB Policy Announcement, BoC Minutes, ECB's Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower with risk appetite dampened ahead of the incoming deluge of central bank policy announcements.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 0.1% yesterday.DXY was steady above the 105 mark, EUR/USD and Cable sit below 1.07 and 1.24 respectively with the latter eyeing upcoming CPI data.Crude futures continued their pullback from a YTD peak with WTI back below USD 94/bbl amid profit-taking and cautiousness ahead of upcoming risk events.Looking ahead, highlights include UK CPI & US MBA, FOMC & Fed Chair Powell's Press Conference, BCB Policy Announcement, BoC Minutes, ECB's Panetta, Schnabel & Elderson.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were mostly lower following the flat performance stateside ahead of a flurry of central bank meetings.European equity futures are indicative of a contained open with Euro Stoxx 50 future flat after the cash market closed down 1.4% yesterday.FX markets are steady with the DXY maintaining 105 status, EUR/USD rangebound and USD/JPY bouncing off support at 147.50.Crude futures continued to gain with Brent crude futures above the USD 95.00/bbl level for the first time since November.Looking ahead, highlights include EZ CPI (Final) & Canadian CPI, ECB's Elderson, Supply from UK & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses & US futures are in the green but only modestly so as markets continue to count down to multiple Central Bank announcementsUSD remains pressured pre-FOMC but the index retains 105.00 with peers generally contained/modestly firmerEGBs and Gilts continue to regain some poise while USTs are contained and meandering either side of parityCrude benchmarks retain a positive bias but have slipped from best following the latest OECD forecastsUAW is to announce new strikes on Friday if progress is not made, potential for Canadian strikes at Ford facilities as wellLooking ahead, highlights include Canadian CPI, ECB's Elderson and supply from the USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Asian stocks are mixed following a rocky Wall Street session ahead of Wednesday's Fed rate decision. U.S. Treasury Secretary Janet Yellen tells CNBC that she expects the economy to experience some delayed monetary policy impact. Online grocery firm Instacart prices its shares at the top of its range, valuing them at almost $10bn. In Detroit, the UAW threatens more strikes, urging the Big Three automakers to improve their proposals with latest offer from Stellantis potentially causing the closure of 18 facilities. In oil news, prices hit 10-month highs with Brent breaching $95 per barrel. Saudi Arabia's energy minister Abdulaziz bin Salman insists supply cuts are not simply a means of forcing prices up. The ECB is reportedly considering asking lenders to raise reserve requirements in order to clamp down on excess liquidity. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The ECB has raised interest rates ten times in two years but the Euro is not getting stronger, it is getting weaker. What does this tell us about the European economy and inconsistency at the heart of European policy making. We head to Frankfurt and put the ECB in the dock. I rest my case! Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Jonatan and Rory discuss how the DXY is on a 8 week winning streak, could it make a ninth?The blokes analyse some last weeks action in markets including, the US CPI print coming in hotter than expected along with the influence it had on Equities and FX pairs last week, plus the impact it could have on the FOMC this Wednesday.The Blokes also talk about how the ECB increased rates another 25bps to 4% and signalled to the market that they are likely done while they also revised up inflation forecasts, while lowering growth for 2023 and 2024.This week in markets, the Fed interest rate decision is on Wednesday night and Rory talks us through what to listen out for including, what their inflation forecast will look like, what the FOMC expects in terms of growth, as well as their expectations of interest rates within the speeches and the all-important Dot Plot.EU stocks have dropped off following the decline on wall street on Friday and Société general dropped 11% after the bank cut its outlook on profitability.The Blokes also offer their thoughts on the BOE interest rate decision due on Thursday & the effect this could have on the GBP/USD pair! Goldman Sachs expect it to be the last hike. Some expect FTSE100 to lag global stocks next year however with the index already undervalued and oil prices increasing, could the giants such as BP and Shell look to hold the index higher?Rory and Jonatan also talk through Netflix and United Airlines & why these two stocks are on their watchlist for this week.Check out the FREE Two Blokes Trading Community for education, analysis & much more!

While the ECB followed headline inflation with raised policy rates yet again last week, the Fed meeting this week may be more focused on core inflation and a hiking pause.----- Transcript -----Welcome to Thoughts on the Market. I'm Seth Carpenter, Global Chief Economist for Morgan Stanley. Along with my colleagues, bringing you a variety of perspectives, today I'll be talking about the debate around oil price effects on inflation and growth, and what it means for central banks. It's Monday, September 18th at 10 a.m. in New York. Last week, the European Central Bank raised its policy rate again. We had expected them to leave rates unchanged, but President Lagarde reiterated that inflation is too high and that the Governing Council is committed to returning inflation to target. She specifically referenced oil among rising commodity prices that pose an upside risk to inflation. From the summer lows of around $70 per barrel, the price of Brent oil has risen to over $93 a barrel. How much should oil prices figure in to the macro debate? In previous research our economics team has tried to quantify the pass through of oil prices to inflation and different economies. Our takeaway is that for developed market economies, the pass through from oil prices to even headline inflation tends to be modest on average. In the quarter, following a 10% increase in oil prices, headline inflation rises about 20 basis points on average. For the euro area in particular, we have estimated that an increase like we have seen of $20 a barrel should result in about a 50 basis point increase in headline inflation. For core inflation the pass through tends to be less, about 35 basis points. Especially given the starting point though, such a rise is not negligible, but the effect should fade over time. Either the price of oil will retreat or over the next year the base effects will fall out. But energy prices can also affect spending. Recent research from the Fed estimates the effects of oil prices on consumption and GDP across countries. They estimate that a 10% increase in oil prices depresses consumption spending in the euro area by about 23 basis points. What's the mechanism through which oil price shocks affect consumption? Consumer demand for energy tends to be somewhat inelastic. That is, it's harder to substitute away from buying energy than other categories of spending. So back to the ECB, we had not expected them to hike rates, but we did think it was a close call. Core inflation had started to come down, and when it became clear that core services inflation that peaked and was drifting lower against a backdrop of signs pointing to a weaker euro area economy, we revised our call to no hike. So from our perspective, the ECB has increased the risk of hiking perhaps too much based on headline inflation. The ECB statement last week noted that inflation "is still expected to remain high for too long", but because it seems that they are now done hiking, the debate is going to turn to the duration of this so-called "higher for longer" with the policy rate. With the effects of inflation passing over time, but the drag of GDP showing up over the next few quarters, we get more comfortable expecting rate cuts there as early as June next year. The Fed is meeting this week and the last US CPI print showed headline inflation boosted by higher gasoline prices. Sound familiar? Well, our colleagues in the U.S. team have stressed that the Fed will likely look through the non core inflation. And, as in Europe, the increases in oil prices should lower purchasing power for consumers in the near term, further limiting economic activity and that is part of the objective of higher policy rates right now. With the Fed's focus on core rather than headline inflation, the last data print gives more reason to think the Fed is done hiking. Taking the last CPI print and combining it with last week's data from the Producer Price Index, you can infer a monthly rate of 0.14% for core PCE inflation in August. When the Federal Open Market Committee revisits its June economic projections, they will essentially be forced to revise down their forecasts for core inflation for this year. Thanks for listening and if you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.

A big week ahead for financial markets with central bank decisions from the Fed, BoE, and BoJ with the market expecting no change from the Fed and BoJ, while BoE is expected to follow the ECB decision from last week hiking 25 bps. The economic landscape is getting increasingly difficult for central banks with the recent run-up in energy prices across both oil markets and uranium lifting inflation expectations and bond yields. In this podcast, we talk about the evolving economic landscape in the context of this week's major central bank decision. The key for investors will be the details in the forward-looking language and forecasts rather than the actual decision, with Charu Chanana and Peter Garnry. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo

APAC stocks were mostly lower following last Friday's declines on Wall St and with the region cautious in holiday-thinned trade.Evergrande shares slumped by more than 20% after some of its wealth management employees were detained by Chinese authorities.European equity futures are indicative of a softer open with Euro Stoxx 50 future -0.1% after the cash market closed up 0.4% on Friday.DXY and EUR/USD were contained on 105 and 1.06 handles respectively, antipodeans marginally outperform.US National Security Adviser Sullivan and Chinese Foreign Minister Wang Yi met in Malta over the weekend in a pre-unannounced meetingLooking ahead, highlights include US NAHB Housing Market Index, Bundesbank Monthly Report, remarks from Saudi Arabia's Energy Minister, ECB de Guindos & Panetta.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are in the red with US futures contained in light newsflow ahead of a key Central Bank weekDXY above 105.00, but in the red, Antipodeans outperform with other G10s relatively contained vs USDDebt futures depressed heading into a packed week, yields bid across the curve with the belly leadingCrude benchmarks remain firmer as known demand- & supply-side factors continue to assistUS' Sullivan and China's Wang Yi met with talks described as candid, substantive and constructiveLooking ahead, highlights include US NAHB Housing Market Index. Remarks from Saudi Arabia's Energy Minister, ECB's PanettaRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

CPI Hot – PPI Hot – but markets shrug it off. ECB raised rates 0.25% in a semi-surprising move. Blackout period continues for the Fed ahead of next week's rate meeting – what a relief. And our guest this week – Eric Townsend, Host of the MacroVoices podcast Check this out and find out more at: http://www.interactivebrokers.com/ Erik Townsend is a retired software entrepreneur turned hedge fund manager. Throughout his career, Erik has capitalized on his ability to understand complex systems and anticipate paradigm shifts far in advance of the mainstream. A teenage computer protégé, he spent most of his high school years at MIT's Artificial Intelligence laboratory, where he taught himself several computer programming languages. Erik became an independent software development and design consultant to Digital Corporation's manufacturing systems technology group at age 17. By age 20 he owned his first private aircraft, after earning his private and commercial pilot's licenses. From his experience at MIT, Erik recognized that the IT industry's failure to embrace distributed computing translated to an exceptional entrepreneurial opportunity. At age 21, Erik committed himself to developing and commercializing distributed application software technologies he was first exposed to at MIT in the late '70s. By the mid-1980s, Erik had invented an approach to distributed system design that is now widely known as Service-Oriented Architecture (SOA). After applying SOA concepts initially at Digital Equipment Corp (where he consulted for nearly 10 years), in 1992 Erik founded the Cushing Group, a boutique consultancy focused exclusively on bringing advanced distributed application computing technologies to market. The Cushing Group's work with Wells Fargo Bank in the early 1990s paved the way for Wells Fargo to become the world's first Internet Bank by early 1995. Erik has become a passionate world traveler. He moved to Hong Kong in 2009 to get a better perspective on changing global economics. While living in Hong Kong, several hedge fund professionals he met there observed that through his own passionate trading activities, Erik was “already doing all the work of running a hedge fund except for picking up the phone and calling a lawyer and turning it into a fund”. Erik was flattered by the advice of his peers in Hong Kong to launch his own hedge fund, but wanted to finish his boots-on-ground evaluation of the global economy first. He spent just over sixteen month in 2011 and 2012 exploring the world, living in 28 cities in 18 countries during that period. Erik continues to live a very international lifestyle, and presently has homes in Hong Kong, Mexico and the United States. Erik eventually took his Hong Kong friends' advice to heart, and founded Fourth Turning Capital Management, LLC in 2013. Through that asset management company, he launched a Global Macro-strategy hedge fund in July 2013. In February 2016, in a joint effort with Nathan Egger, Erik launched Macro Voices, a new weekly financial podcast program which will target professional finance, high net worth, and other “sophisticated” investors who desire financial content at a level of sophistication and complexity above what the retail investment-focused podcasts on the Internet presently offer. Check this out and find out more at: http://www.interactivebrokers.com/   Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (Oil), (SPY), (QQQ), (RWN), (URA), (URNM)

Are you ready to unravel the complexities of the financial world? This episode promises to serve you a rich feast of insights as we are joined by Daniel DiMartino Booth, a former advisor to the Federal Reserve, and Joseph Wang, an experienced trader. They lend us their expert lens to examine the Federal Reserve's influence on the bond market, the shifting structure of fixed income markets, and the implications of credit spreads. Joseph's trading anecdotes brilliantly illuminate the importance of comprehending the financial system, while Daniel's admiration for Fed chair Jay Powell validates the profound impact of regulations and ETFs on fixed income markets.We are not stopping just there! As our financial expedition continues, we delve into the potential aftereffects of the Fed's quantitative tightening strategy, and what a treasury-only portfolio might mean. Our guests expertly navigate us through the possible economic waves that a soaring dollar could trigger, particularly on emerging markets. They draw our attention towards the Fed's careful observation of markets beyond headline averages and how wealth effect dynamics, inflation, and consumer spending play crucial roles.Our conversation takes an exciting turn as we scrutinize jobless claims data, the impacts of escalating delinquencies, and the stock market. We also aim our spotlight on the global financial system, dissecting potential risks from smaller banks' loan concentration. Daniel and Joseph help us comprehend the ECB's role in providing stimulus and the repercussions of bond market and inflation on the US economy. Wrapping up our chat, we reflect on France's economic slowdown, the US fiscal policy, and the tidal shift towards increased government spending. This episode is surely an enlightening journey into the world of finance, promising to leave you with a broader understanding of these intricate topics.ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at https://theleadlag.report/leadlaglive and get 30% off as a podcast listener.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Uranium Spotlight: Nuclear's Resurgence in a Clean Energy WorldA weekly podcast on uranium fuel market trends and its global energy impactListen on: Apple Podcasts SpotifyFoodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

We discuss the decision by the ECB to raise interest rates to an all-time high of 4 per cent. What will the impact be on the Eurozone economy? And how will the Swiss National Bank react? Dean Turner and Tom Flury explain.See omnystudio.com/listener for privacy information.

European bourses are in the green as sentiment improves after constructive Chinese dataThough, US futures are more contained with specifics light into Quad WitchingDXY idles above 105.00, JPY pressured as yields lift despite sources while Yuan rebounds on mentioned dataFixed benchmarks under pressure in a marked reversal of post-ECB highs with multiple factors weighingCrude benchmarks firmer intraday, though shy of best, metals more mixedLooking ahead, highlights include US UoM Sentiment, NY Fed Manufacturing, Import & Export Prices, BoE/IPSOS Inflation Attitude Survey. CBR's Nabiullina, Quad Witching.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US stocks rallied with risk sentiment spurred by several factors including strong US data, a dovish ECB hike, the PBoC RRR cut, and a blockbuster Arm IPO.APAC stocks gained after global risk was fuelled by the upside in Europe and the US; Hang Seng and Shanghai Comp were both initially underpinned by the encouraging Chinese activity data.DXY marginally softened but held on to most of the prior day's gains above the 105.00 level while EUR/USD languished around a 6-month low.China's NBS said the economy saw accelerated demand, but domestic demand remains insufficient, while the PBoC maintained its MLF rate.Several of the ECB's more hawkish rate-setters believe that rates could rise again in December, in the scenario of hot wages and inflation, via FT citing sources.Looking ahead, highlights include French & Italian CPI (Final), EZ Labour Costs, Italian Trade Balance, US UoM Sentiment, NY Fed Manufacturing, Import & Export Prices, BoE/IPSOS Inflation Attitude Survey, ECB TLTRO Repayment Publication, Speeches from ECB's Lagarde & CBR's Nabiullina and Quad Witching.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US futures are pointing to a flat open as of 04:45 ET. This follows European equity markets opening mostly higher, and broad strength in Asian markets. Risk appetite has turned positive after better China activity data and China also stepping up policy support measures. Notwithstanding the ECB hiking rates on Thursday, it gave strong hints it is likely to be last hike in the cycle. Markets continue to anticipate a Fed pause next week despite firmer US data.Companies Mentioned: Disney, Meta

Arm shares pop 25% in its debut session, giving the chip designer a market cap of $68 bn, with the CEOs of Arm and Softbank telling CNBC exclusively the group is here to stay. The blockbuster IPO boosts sentiment on Wall Street with the Dow rallying over 300 points – its best day since early August. Elsewhere Beijing steps up with more stimulus - cutting the RRR for the second time this year, as key economic data from the world's second largest economy comes in better than expected. The ECB hikes rates to a record high and suggests policy may finally be restrictive enough to stamp out inflation, prompting markets to bet the central bank has reached the end of its hiking path. And thousands of U.S. auto workers go on strike, hitting production at General Motors, Ford and Stellantis - as the UAW union president warns the group will not buckle.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The FX strategy team discusses FX implications of the latest ECB outcome, as well as the upcoming Fed, BoJ and European central bank meetings.    Speakers Meera Chandan,  Global FX Strategy Patrick Locke, Global FX Strategy Katsuhiro Oshima, Japan Macro Research James Nelligan, Global FX Strategy   This podcast was recorded on 15 September 2023 This communication is provided for information purposes only. Institutional clients can view the related report https://www.jpmm.com/research/content/GPS-4513289-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.  

A week of better than expected data from the US and China support our view that the goods sector is lifting. The latest jump in the price of oil is a concern, however. Next week's flash Sep PMIs are important to watch. The ECB delivered a dovish hike this week rather than the hawkish hold we see for the Fed next week. Speakers: Bruce Kasman Joseph Lupton This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.

David Welch, Detroit Bureau Chief for Bloomberg News, and Jordan Fabian, White House reporter for Bloomberg News, discuss the latest on the UAW potential strike and its political and economic implications. Richard Portes, professor at London Business School, joins to break down the ECB decision, outlook for next week's BOE decision and Euro economy, and can dig into bank health after the bank collapses from earlier this year. Christine Mastandrea, COO at Whitestone REIT (NYSE: WSR), joins to discuss her REIT, interest rate hikes, and outlook for the sector. Andrew Silverman, Government Analyst – Tax Policy with Bloomberg Intelligence, discusses his coverage of the Arm Holdings IPO and how regulation is affecting the IPO market. Bloomberg Intelligence lead semiconductor analyst Kunjan Sobhani also joins. Brian Egger, Senior Gaming and Lodging Analyst with Bloomberg Intelligence, and Jody Lurie, Credit Analyst with BI, discuss the hackings of MGM Resorts and Caesar's. Arm Holdings CEO joins Bloomberg TV's Caroline Hyde to discuss the company's IPO. Hosted by Paul Sweeney and Matt Miller.See omnystudio.com/listener for privacy information.

European bourses are generally contained pre-ECB, though the FTSE 100 sees marked outperformanceStateside, futures fare slightly better than mainland European peers ahead of numerous US data pointsDXY back to a 104.80 peak, AUD underpinned post-jobs with EUR & GBP rangeboundDebt futures experience modest divergence going into the ECB where a hike is priced with around 65% probabilityCrude benchmarks continue to benefit from the energy reports while metals are mixedLooking ahead, highlights include US IJC, PPI, NZ Manufacturing PMI, ECB Policy Announcement & ECB President Lagarde's Press Conference, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks were predominantly firmer and mostly shrugged off the indecision seen on Wall St.European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.2% after the cash market closed down 0.4% yesterday.DXY is a touch softer but holding above 104.50, EUR/USD lingers around 1.0750 ahead of ECB, AUD firmer post-jobs.The latest Aussie employment data provided encouragement but was predominantly fuelled by an increase in part-time jobs.Looking ahead, highlights include US IJC, PPI, NZ Manufacturing PMI, ECB Policy Announcement & ECB President Lagarde's Press Conference, Supply from US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

In Europe, 22 people will meet for two hours to try and decide central bank policy for a continent. What could possibly go wrong? An ECB that is more focused on the present than the direction the economy is taking seems likely to raise rates again.

Arm prices its blockbuster IPO at $51 per share, giving the chip designer a valuation of over $54 bn, with the stock set to debut on Wall Street today. US inflation rises by the most of any month this year while core prices also come in hotter than expected, pushing the Dow to its second straight negative session. It's a close call for the ECB - the central bank weighs up a potential hike that would take rates to a record peak, alongside a likely increase to the regional inflation outlook. And Elon Musk, Mark Zuckerberg and Bill Gates join tech leaders and senators on Capitol Hill to discuss safeguards for artificial intelligence, with the Tesla CEO telling CNBC authorities must get out in front of the technology, warning of “severe consequences” if AI were to go wrong.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Russell Silberston, investment strategist at NinetyOne on ECB rising interest rates and what it means for other central banks.    Then Faan van der Walt, founder and executive director at We Buy Cars; Alan Pullinger, CEO at FirstRand and Johan van Zyl, co-CEO at ARC Investments on their financial results.    Also - in our personal finance feature, Gugu Sidaki, director and wealth manager at Wealth Creed on the importance of drawing up your will and estate plan.See omnystudio.com/listener for privacy information.

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened mixed, following mostly higher Asian markets. Mixed takeaways from US CPI data. Core inflation hotter but not enough to sway expectations of Fed pause in September. Some believe inflation is high enough to indicate possibility of November or December rate hike, while strategists downplay likelihood of further rate hikes. Focus today also turns to ECB and BoE rate decisions.Companies Mentioned: Chevron, Yellow, Arm

This episode we talk about equal pay for women's cricket, and what that really means with an expert on the topic, Raf Nicholson. We talk about how match fees make up very little of a player's income, this history of professionalism in men's and women's cricket, Asian cricketers working in jobs so they can play cricket, the ECB contracts for women, WBBL, and whether the women's game could separate from the men if Taylor Swift were to buy it.-To support the podcast please go to our Patreon page. https://www.patreon.com/user?u=32090121.If you like this podcast, you may enjoy other things I create, check them all out at https://linktr.ee/jarrodkimber.To check out my video podcasts on Youtube : https://youtube.com/@JarrodKimberPodcasts-This podcast is edited and mixed by Ishit Kuberkar, he's at https://instagram.com/soundpotionstudio & https://twitter.com/ishitkFortyTwo make our productions. Mukunda Bandreddi is in charge of our video side. Aurojyoti Senapati turns the files into video podcasts and Subhankar Bhattacharya makes our graphics.

Economics Correspondent Robert Shortt analyses the 10th sucessive ECB rise in interest rates

APAC stocks were pressured following the tech-led declines on Wall St owing to the Apple event and with participants cautious ahead of the upcoming US CPI data.Apple (AAPL) shares sold off after the new iPhone prices provided some disappointment, whilst some also cited a “sell the news” event. ECB's new 2024 inflation projection is to be above 3% vs. 3% in June, firming the case for an interest rate hike, according to Reuters sources.DXY eked mild gains amid the risk-off mood, EUR/USD remained indecisive after yesterday's whipsawing, and USD/JPY resumed its upward trend after finding support near 147.00.Looking ahead, highlights include UK GDP Estimate, US CPI, IEA Oil Market Report, Supply from Italy, UK, Germany & USRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European bourses are in the red following the risk-off sentiment in APAC trade, US futures tentative pre-CPIEuropean autos saw brief marked outperformance on von der Leyen's comments, though this has since paredDXY is on a firmer footing with EUR & GBP softer while the PLN experienced marked appreciation after the Polish PM's advisor spokeEGBs softer after hawkish ECB sources while Gilts remain in the green after particularly soft growth data; USTs under marginal pressure pre-CPI/supplyCrude benchmarks are modestly firmer continuing Tuesday's upside while metals are mixed/subdued as the USD remains resilientLooking ahead, highlights include US CPI & supplyRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US equity futures are indicating a flat open as of 04:45 ET. This follows a lower Asian session, and European equity markets opening mostly down. Markets are largely in a waiting mode ahead of the US CPI data later today, and also the ECB decision coming tomorrow. US data previews see an energy-driven rise in headline CPI but no change in core figures. Market expectations are shifting to the likelihood of an ECB rate increase after a Reuters report said the ECB expects inflation to stay above 3% next year. Companies Mentioned: Apple, Arm Holdings, BP

In this episode, the blokes offer their opinion on the markets, taking a close look to see will Dollar strength continue with a busy economic calendar ahead!Rory and Jonathan talk about their expectations of markets ahead of the US CPI and FOMC Interest rate decision next week.The past week in financial markets has been a lot quitter than usual on a data front with the UK labour market conditions being reported slightly higher on Thursday Morning. On Wednesday 13th, the US CPI is due to be released and could change how the outlook is on broader markets.Starting with European Indices, they have been weaker ahead of the ECB interest rate decision. Negative data has German Dax down as traders brace for the ECB policy decision on Thursday. While the German investor moral is slightly higher in September, Wholesale prices continued their decline dropping by 2.7%.The US dollar and DXY seen natural resistance at 105 which was expected ahead of the key CPA data and FOMC interest rate hike next week. Rory shares his thoughts on how this data could shape the DXY stating a higher than expected CPI will likely move DXY higher well above 105 towards 106, whereas a lower than expected will see some cooling. He also thinks an inline reading will still be enough to drive DXY back above 105 as it will be 2 consecutive months of higher CPI reading which may give the FOMC a credible cautious but hawkish stance.Jonathan also talks us through his thoughts on Gold and the Dollar. Jonathan remains bullish on Dollar, while he would expect Gold to fall potentially below 1900 again and towards 1870.Tune into the podcast to hear the full rundown.

US equities were mostly lower in Tuesday trading, with the Dow, S&P, and Nasdaq finishing down 0.05%, 0.57%, and 1.04%, respectively. Big tech, especially Apple (AAPL), was a drag after helping drive the market higher yesterday. Software, networking and communications, HPCs, beverages, freight and logistics, homebuilders, building materials, and MedTech were among the other laggards. Meanwhile, energy, banks, insurers, credit cards, airlines, rails, and casual diners held up better. Treasuries were mostly firmer with some curve flattening after another backup in yields on Monday. The dollar index finished up 0.2% with gains on the major crosses. Gold ended down 0.6% while bitcoin futures ended up 4.5% following a 3.5% selloff in the prior session. WTI crude settled up 1.8%, ending near 10-month highs after the OPEC report highlighted a growing supply deficit. In macroeconomic news, the NFIB small business optimism index slipped to 91.3 in August from 91.9 in July, marking the 20th consecutive month below the 49-year average of 98. Otherwise, there was not much else in today's headlines, as the market still seems to largely be in waiting mode for CPI tomorrow and then PPI, retail sales, ECB and UAW contract expiration on Thursday.

In today's podcast on fixed-income we preview the ECB rate decision on Thursday on the back of a recent stagflation outlook from the EU Commission making the policy decision a difficult one. We argue for a hawkish pause with the potential move by the ECB to stop reinvestments into the PEPP facility. Based on a slowing economy and stagflation light outlook we go through why both European and US sovereign bonds have an attractive risk-reward ratio, with Peter Garnry and Althea Spinozzi. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo

US equity futures are indicating a lower open as of 05:00 ET. This follows mixed Asian equities, while European equity markets are mixed after paring early gains. Economists expect further RRR cuts after China credit demand improved. BoE's Mann said rates must rise further to slow inflation. Markets are waiting for US CPI data tomorrow and the ECB meeting on Thursday.Companies Mentioned: WestRock, Smurfit Kappa, Alibaba

Norway's $1.4tn sovereign wealth fund has become the biggest shareholder in UBS, a landmark antitrust trial between Google and the US government starts today, and the FT's Mary McDougall explains why the euro is having such a tough time. Mentioned in this podcast:Norway's $1.4tn oil fund becomes top UBS shareholder Google prepares for biggest US antitrust showdown since MicrosoftEuro suffers eight-week losing streak as economy faltersWill the ECB deliver one more rate rise?The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Historian Duncan Stone chats with host Mayank about this recent book - Different Class: The Untold Story of English Cricket. This book was shortlisted for the Cricket Writers Club 'Book of the Year' 2022 and the Sunday Times Sports Book Awards 'Cricket Book of the Year' 2023.“A modern-day John Arlott: uncomfortable but indispensable reading for those who love cricket but may so far have avoided Duncan Stone's vital home truths about the game.” - Peter Hain, former chairman of the Stop the Seventy Tour campaign and Labour Peer"In this fascinating journey through history, Duncan Stone goes back to the working-class roots of the game, lifts the lid on the myths that cricket lives by, and explains why it's impossible not to love it." - Tony Collins, author of Rugby League: A People's History"A warm, accessible but thorough-going account of how cricket and class are intertwined in England. Full of personal wit and charm but also rigor and drive." - Stuart Maconie"At a time when the ECB seems intent on killing Test cricket, by commodifying it in search of quick profits, this book is a gentle reminder of the true ethos and variable pace of the game, etched in the memories of all who have played it at village or club level." - Guy Standing, author of The Precariat: The True Dangerous Class"Different Class is in that special category of books — not just lucid and cogent but necessary and invaluable." - Gideon Haigh, author of The Cricket War: The Inside Story of Kerry Packer's World Series CricketDuncan Stone is a historian long interested in the social and cultural machinations of sport, the concept and application of amateurism and who, exactly, gets to define the form, function and meaning of sport. He has worked as a forensic photographer, DJ and club promoter, builder, local government officer and lecturer at the University of Huddersfield and was previously a visiting researcher at Victoria University in Melbourne, Australia.LinkDifferent Class: The Untold Story of English Cricket: Stone, Duncan: 9781913462802: Amazon.com: Books---------------Music from #Uppbeat (free for Creators!):https://uppbeat.io/t/prigida/moonshineLicense code: JUXBBIJITP4USCDL

US equities were higher in Monday trading trading as the S&P and Nasdaq finished near best levels and ended back above their 50dmas after slipping below last week. There's big week ahead with CPI, PPI, and retail sales on the US economic calendar, the AAPL iPhone event, Barclays Financial Services Conference, ECB meeting and China activity data. The latest NY Fed Survey of Consumer Expectations showed 1Y inflation expectations are up 0.1pp to 3.6% though the 3Y fell, while views on current and future household finances deteriorated.

S&P Futures are trading higher this morning with the focus on upcoming coming economic reports. This week we have CPI, PPI and Retail Sales reports due out. FOMC meeting is not till next week, but fed official are indicating a skip in rate hikes. European stocks are higher this morning with an ECB announcement due this week. Oil prices slightly lower as the health of the Chinese economy is in question.

Francis Diamond and Aditya Chordia discuss thoughts on the upcoming ECB meeting in September and potential implications for Euro area rate markets and intra-EMU spreads.   This podcast was recorded on 08 September 2023. This communication is provided for information purposes only. Institutional clients can view the related report at http://www.jpmm.com/research/content/GPS-4509538-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.

Meera Chandan and Jay Barry discuss the implications of US resilience on US rates and FX markets heading into the ECB and Fed September  meetings. This podcast was recorded on 11 September 2023. This communication is provided for information purposes only. Institutional clients can view the related report at http://www.jpmm.com/research/content/GPS-4509235-0 , http://www.jpmm.com/research/content/GPS-4509511-0 , http://www.jpmm.com/research/content/GPS-4506527-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.  

In today's podcast on macro and FX we discuss the ongoing strength of USD which is a function of relative weakness in Europe and China, and to what extent the US inflation report on Wednesday will impact the USD trade. China has been in focus a lot lately as its real estate sector is in a deep crisis, but last week a ban of Apple's iPhones brought geopolitics back into focus. We also discuss what China's next potential policy move is to offset the recent weakness and how we should think about the weekend's G20 meeting with China's Xi Jinping not showing up. Finally, we discuss Europe's economy, inflation outlook and the tough decision for ECB on Thursday given the slowing growth and stubborn inflation, with Peter Garnry and Charu Chanana. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo

Both equities and high-yield bonds could benefit from an end to ratings hikes, but may still face risks from company earnings revisions, a potential U.S. government shutdown and other events on the horizon.----- Transcript -----Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Corporate Credit Research at Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, I'll be talking about trends across the global investment landscape and how we put those ideas together. It's Friday, September 8th at 2 p.m. in London. The week after Labor Day is both a refreshing return to more normal market conditions, and a rush. As investors head back to school, so to speak, here are a few big issues that we think they should be focused on. First and most importantly, we think the next few months will be about cementing the idea that both the Fed and the ECB are done raising interest rates for the foreseeable future. Given better than expected core inflation data in the U.S. and worse than expected growth data in Europe, we think neither central bank will raise rates at their meetings this month. And then further out, we think they stay on hold as lowered levels of bank loan growth, slower job growth and a continued decline in core inflation will reinforce the idea that central banks have raised rates enough. For markets, the end of a central bank rate hiking cycle tends to be pretty good for high grade bonds. Indeed, going back over the last 40 years, the dates of the last Fed funds rate increase and the local high point for yields on the U.S. aggregate bond index, line up almost to the month. The logic in this relationship also feels intuitive. If the Fed is done raising rates, one of two things has probably happened. It stopped raising rates at the correct level to bring inflation down without a recession and bonds like that lower inflation and more certainty, or they stopped because they've raised rates too much, slowing growth in inflation much more, a scenario where investors like the safety of bonds. But in riskier markets, the picture greeting investors in September is more murky. Like August, September also tends to see below average returns and above average volatility, and that seasonality doesn't turn helpful until mid-October. Company earnings revisions tend to be weak around this time of year, something our equity strategists believe could repeat. Investors got a lot more optimistic over the summer, raising the hurdle for good news. And there are some specific risk events on the near-term horizon, from a potential shutdown of the US government to a strike in the auto industry. For equities and high yield bonds, we therefore think investors should exercise more patience. A third issue investors will be watching is supply. September is historically one of the heaviest months of the year for corporate bond issuance, but with corporate bond yields now at some of their highest levels in nearly 20 years, will that reduce the incentive for companies to borrow? And meanwhile, one of the reasons assigned to the recent rise in US government bond yields has been the high levels of government borrowing. The next few weeks will give a much better idea of the true impact of that potential supply. Thanks for listening. Subscribe to Thoughts on the Market on Apple Podcasts, or wherever you listen, and leave us a review. We'd love to hear from you.

Tom welcomes back Julian Brigden from Macro Intelligence 2 Partners to discuss the inconsistencies between equities and bond markets. Markets don't seem to be fully pricing in the probability of a recession. We are seeing hyperfinancialization, where equity markets are not necessarily correlating with the real economy. These Hyper Financial Markets are setting the patterns for the movements of bonds and equities. Those in power are concerned with how financial markets are performing rather than the real economy. The demand for jobs remains, but is softening; however, we are not at the stage of job cuts yet. The question is can we have accelerating real growth without having to lose jobs. Julian thinks that a higher inflationary period combined with increased bond yields is inevitable. We are in the war phase as we witnessed in the late 1960s. The lagging effects of a tightening economy will take some time to be seen fully. There are evident issues in the U.S. economy and these will manifest next year, especially if rates do not decrease. The wildcard here is fiscal policy and equities proping up the current situation. Eventually, equities will need to acknowledge the decreased growth but we are not there yet. Julian questions if the Fed will follow the government's wishes. Governments are demanding entitlements, like better wages and higher costs of living. The Fed will have to decide between raising inflation or following the governments demands. Timestamp References:0:00 - Introduction0:45 - Bonds & Equities6:09 - Labor Markets13:46 - Inflation Thesis19:05 - Historic Comparisons22:00 - Fed Response & Toolkit29:59 - Fed Trial Balloon32:10 - Debt Load & Outcomes39:42 - Bonds, YCC, & Japan42:54 - Wrap Up Talking Points From This Episode We are seeing Hyper Financialization, where equity markets don't correlate to the real economy. Julian believes we are entering a higher inflationary period combined with increasing bond yields, similar to the late 1960s. The Fed will soon have to decide between raising inflation or following the governments demands for entitlements. Guest Links:Twitter: https://twitter.com/JulianMI2Website: https://mi2partners.com/Substack: https://mi2partners.substack.com/ Julian Brigden is the Head of Research at Macro Intelligence 2 Partners, a firm he co-founded in 2011. He leads a research and market team to publish independent macroeconomic research ahead of market consensus. He has over 30 years of experience in financial markets including positions in consulting, FICC sales, and hedge fund sales. He is a trusted advisor to many top money managers and is particularly skilled at exploring correlations in the economy and financial markets. When asked about his market outlook for 2022, Julian stated that the US policy response was massive and the Fed needs to rapidly tighten policy while slowing growth. In Europe, as the impact of Omicron fades, the ECB will need to raise rates, adding to pressure in global bond markets. Julian believes that there is a significant risk that we are entering a period of extended volatility. He is featured on many big media outlets discussing macro research topics driving prices in global bonds, equities, commodities, and currencies.