Podcasts about interfax

Ninja News, l'economia digitale

Play Episode Listen Later Jun 1, 2022 1:30

Il Cremlino, citato da Interfax, rende noto che nessuno esclude la proposta del presidente ucraino Zelensky di incontrare il presidente russo Putin, ma – si legge nel comunicato - dovrebbe essere finalizzato qualche documento.

russia joe biden vladimir putin guerra zelensky mosca ucraina sergey lavrov armi nucleare missili interfax il cremlino

La Russia potrebbe regolamentare il mining

Play Episode Listen Later Jun 1, 2022 3:45

Stai ascoltando un estratto gratuito di Ninja PRO, la selezione quotidiana di notizie per i professionisti del digital business. Con Ninja PRO puoi avere ogni giorno marketing insight, social media update, tech news, business events e una selezione di articoli di approfondimento dagli esperti della Redazione Ninja. Vai su www.ninja.it/ninjapro per abbonarti al servizio.Russia valuta criptovalute per i pagamenti internazionali. Secondo un report di Interfax, il ministero delle Finanze di Mosca sta considerando la possibilità di utilizzare risorse digitali per aggirare le sanzioni negli accordi transfrontalieri. "L'idea di utilizzare le valute digitali nelle transazioni internazionali è in fase di discussione", ha dichiarato Ivan Chebeskov, capo del dipartimento di politica finanziaria del ministero delle finanze. In Russia la produzione di criptovalute assorbe oggi oltre il 2% del consumo elettrico nazionale.Apple WWDC, grande attesa per iOS 16. Cupertino porterà una serie di aggiornamenti su iPhone e iPad con la sua prossima release software. Secondo Bloomberg, l'update del sistema operativo includerà novità per le notifiche, i messaggi e l'app Salute. Il software includerà anche nuovi pannelli multitasking per gli iPad. L'annuncio è atteso durante la conferenza annuale degli sviluppatori, il prossimo 6 giugno. La Spagna approva una legge per il "congedo mestruale". Il governo spagnolo ha approvato un piano per consentire alle donne di usufruire di periodi di assenza dal lavoro retribuiti e illimitati per dismenorrea. Si tratta della prima volta che una legge simile viene proposta e approvata in Europa e anche in Italia inizia a muoversi qualcosa. Per ora si parte da una petizione su Change.org, di cui ci ha parlato la promotrice Alexia Altieri nel nostro podcast.

Rússia adverte Finlândia e Suécia sobre entrar na Otan

exame

Play Episode Listen Later May 16, 2022 2:13

As candidaturas de Suécia e Finlândia para integrar a Otan, em resposta à ofensiva russa contra a Ucrânia, são um "grave erro", afirmou o vice-ministro das Relações Exteriores da Rússia, Serguei Riabkov. "É um grave erro adicional, cujas consequências terão um longo alcance", declarou o vice-ministro, segundo a agência de notícias Interfax. A Rússia justificou, entre outras alegações, a ofensiva contra a Ucrânia por sua aproximação da Otan e pelou apoio político, diplomático e militar da organização ao governo ucraniano. Moscou pretendia, desta maneira, afastar os ocidentais de suas fronteiras. Apresentação: Gilson Garrett.

estados unidos rela apresenta entrar ucr moscou otan ndia exteriores finl interfax

Cani che abbaiano e preti argentini - Il Punto Stampa del 4/5/2022

Liberi Oltre & Michele Boldrin

Play Episode Listen Later May 4, 2022 158:39

La situazione sui vari fronti Update di ISW (3 Maggio) https://bit.ly/3kB08pg Mariupol - Le forze russe hanno ripreso gli attacchi aerei, di artiglieria e di terra all'acciaieria Azovstal dopo i tentativi di evacuazione preliminari. Il vice comandante del reggimento Azov ha dichiarato che gli attacchi hanno ucciso due civili all'interno dell'impianto. Donetsk e Luhansk - Le forze russe continuano a bombardare lungo tutto il fronte. I gruppi di diverse armate si stanno raggruppando per avanzare verso ovest in direzione di Lyman e Slovyansk. La NASA ha rilevato anomale alte temperature nell'area di Lyman probabilmente dovute agli attacchi di fuoco russi. https://bit.ly/3KM43dv Kharkiv - Confermata la notizia che le forze ucraine hanno spinto le armate russe a circa 40 km a est il 2 maggio liberando l'insediamento di Staryi Saltiv. Le truppe russe sembrano essersi ritirate vicino al confine russo, mentre quelle ucraine hanno liberato altri insediamenti vicini a Staryi Saltiv. Kherson - Le forze russe hanno condotto offensive di terra limitate nell'Oblast di Zaporizhia ed hanno bombardato altri insediamenti a sud. I russi riportano di aver distrutto un centro di armi e munizioni ucraine ad Odesa utilizzando missili Oniks, ossia missili da crociera anti-nave impiegati in questo caso contro obiettivi terrestri suggerendo possibile carenza di altre munizioni. La Russia intensifica l'attacco allo stabilimento di Azovstal https://bit.ly/3KAAGLb – https://reut.rs/3s92Neg Attacchi multipli nella notte a Leopoli e Transcarpazia al confine con Ungheria. https://bit.ly/3FcFYeU Update di Tom Cooper (1-2 Maggio) https://bit.ly/3vTJWF2 Ucraina Gli agricoltori seminano con l'elmetto e con la paura delle mine anti-uomo, ma l'agricoltura resiste https://bit.ly/3vB88wN LINK NON FUNZIONANTE [Vero: 404 provo a cercare] La carenza di carburante crea lunghe file https://reut.rs/3ybo6iT Il parlamento ucraino, la Verkhovna Rada, ha approvato una legge che vieta i partiti politici che giustificano, riconoscono o negano l'aggressione armata della Russia contro l'Ucraina, secondo l'agenzia di stampa Interfax. https://bit.ly/3OUEomj La procuratrice generale della Repubblica d'Ucraina, Iryna Venediktova, accusa la Russia di utilizzare gli stupri come tattica di guerra https://reut.rs/3P5ZE8W https://bit.ly/3KzdFII Il parlamento ucraino approva una norma che consente alle unità territoriali di combattere al di fuori delle zone assegnate https://bit.ly/3vGXJA2 notizia di «Slovo i dilo» rilanciata da Kyiv Independent https://bit.ly/3OUPyr5 La Russia dirotta il traffico internet delle zone ucraine occupate sulle proprie reti https://reut.rs/3vGPRhY Russia Decreto per stop all'esportazione verso paesi ostili (ancora non definiti su quali materie). https://bit.ly/3ORKhRf RIA Novosti diffonde la nota dell'ufficio stampa del Cremlino sulla telefonata fra Putin e Macron https://bit.ly/383dd8n Ministero Esteri Russo su Twitter accusa Israele di “sostenere il regime neonazista di Kyiv”. https://bit.ly/3MKWIMS I soldati russi ( Meduza.io riporta un caso di 60 unità provenienti da Pskov, città al confine con l'Estonia) si rifiutano di combattere in Ucraina. Intervista con Maxim Grebenyuk, ex procuratore militare e fondatore del progetto Military Ombudsman. https://bit.ly/3kBhr9T Il tasso di natalità in Russia è sceso al punto più basso in 22 anni, secondo i dati diffusi dal Servizio statistico federale https://bit.ly/3KGHzdS Phastidio.net sul tema dei pagamenti del gas in rubli e sulla compatibilità con le sanzioni. https://bit.ly/3s6EjSY Transnistria Fonti del ministero degli interni della Transnistria accusano l'Ucraina di un attacco tramite droni al villaggio di Mayak https://bit.ly/3yh9UoV (new 14.17)

Euro Market Open: Downbeat sentiment echoed into APAC from Wall St., ECB minutes ahead

Play Episode Listen Later Apr 7, 2022 4:02

APAC stocks traded lower throughout most of the session as the downbeat mood reverberated from Wall Street.DXY pulled back closer towards 99.50 in early APAC hours as US yields eased; commodity-FX lagged.The FOMC minutes were hawkish with regards to the monthly caps on Treasuries/MBS and on rates.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.3% after the cash market closed lower by 2.4% yesterday.Looking ahead, highlights include EZ Retail Sales, US IJC, ECB Minutes (March), Fed's Bullard & Evans, BoE's Pill, supply from France & Spain.FOMC MINUTESOverall, the FOMC minutes were perceived as hawkish with the monthly caps on Treasuries and MBS were towards the top end of a wide range of expectations, albeit not at the most extreme levels; participants generally agreed monthly caps of roughly USD 60bln for Treasury securities and USD 35bln from holdings of MBS. The Fed also confirmed a May commencement for the runoff process to begin, while noting that all options reviewed features a more rapid pace of the prior 2017-2019 runoff, as expected. The language on rates was also hawkish - many would have preferred a 50bps move in March, but the Ukrainian crisis saw a 25bps move instead. Meanwhile, looking ahead, many participants noted that one or more 50bps increases in the target range could be appropriate at future meetings, particularly if inflation pressures remain elevated or intensified.Click here for the detailed release.US TRADEUS stocks closed with losses across the board, with more pronounced downside in the Nasdaq as mega-cap tech stocks sold off.SPX -0.98% at 4,480, NDX -2.17% at 14,498, DJIA -0.42% at 34,496, R2K -1.30% at 2,016.Click here for a detailed summary.NOTABLE US HEADLINESSEC is investigating how Amazon (AMZN) disclosed business practices and the Cos. use of third-party sellers' data is a focus of regulator's probe, according to WSJ citing sources.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkraine Foreign Minister Kuleba said at the Thursday meeting with NATO and G7 counterparts he will discuss the need to supply all necessary weapons to Ukraine, via Reuters.DEFENCE/MILITARYSenior US Defense Official said Russian forces near Kyiv have completed their withdrawal from the area but US has indications Russian troops are being refit and resupplied in Belarus, and the killings in Bucha appear to be deliberate and premeditated, according to Reuters.Russia's Defence Ministry said a Ukrainian fuel storage base was destroyed by Russian missiles in the Kharkiv region, according to Ria.UK military officials are said to be mulling plans to send armoured vehicles to Ukraine, according to The TimesUS is reportedly sharing intelligence with foreign banks to boost defences against cyberattacks, according to FT sources.ENERGY/ECONOMIC SANCTIONSUS President Biden said the US is going to keep raising economic costs on Russian President Putin, via Reuters.UK Foreign Secretary Truss said the G7 is working to crack down on more Russian banks; working on a timetable to eliminate Russian energy imports, via Telegraph.Russian Ambassador to the US says US sanctions on Russian banks are a direct blow to the Russian population, according to Interfax.US Senate set up Thursday 10:00EDT/15:00BST to vote to sync up with the House and revoke normal trade relations with Russia, according to Fox's Pergram.OTHERUS Treasury Secretary Yellen said she is concerned about Chinese lending around the world, it is often predatory and causes unsustainable debt, according to Reuters.US Secretary of State Blinken said he is not very optimistic about the possibility of reaching an agreement with Iran despite efforts, via Al Jazeera.Saudi Arabia has urged Yemen's new presidential council to start negotiations with Houthis, according to state news agency.CENTRAL BANKSECB's Nagel said savers may soon enjoy higher interest rates, according to a transcript of Ard interview.BoJ Board Member Noguchi said Japan's economy will likely continue to recover as pandemic and supply constraints ease; most important thing is for the BoJ to patiently sustain current monetary easing, via Reuters.IMF report noted that the BoJ "expressed concern" over IMF's recommendation to target short yields under YCC. IMF said the BoJ must maintain ultra-easy policy for a prolonged period. IMF cut Japan's 2022 GDP growth forecast to 2.4% from 3.3%, via Reuters.Westpac brought forward their call for an RBA hike to June from August. Now they expect rate hikes in June (15bps), July (25bp), August (25bps), October (25bps), and November (25bps) reaching 1.25% by year's end. Prior call was for hikes in August, October ,and December.APAC TRADEEQUITIESAPAC stocks traded lower throughout most of the session as the downbeat mood reverberated from Wall Street.ASX 200 was dragged lower by its tech sector following a similar sectoral performance in the West.Nikkei 225 was hit by losses across its energy, mining and manufacturing names.KOSPI conformed to the global losses whilst Samsung Electronics (-0.3%) failed to benefit from better-than-expected prelim earnings.Hang Seng and Shanghai Comp were choppy and initially swung between gains and losses before stabilising in the red.Samsung Electronics (005930 KS) - Prelim Q1 (KRW) Revenue 77tln (exp. 75.7tln), Operating Profit 14.1tln (exp. 13.3tln), via Reuters.US equity futures were subdued throughout APAC hours.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.3% after the cash market closed lower by 2.4% yesterday.FXDXY pulled back closer towards 99.50 in early APAC hours as US yields eased.EUR/USD reclaimed a 1.09 handle ahead of the ECB minutes.GBP/USD erred higher as the Buck lost some modest ground.Commodity-related currencies underperformed as APAC traders reacted to the slide in commodity prices.JPY saw mild gains as the soured mood underpinned the haven.FIXED INCOME10yr UST futures drifted higher whilst the corresponding cash yield lost further ground under 2.60%.Bund futures consolidated overnight as traders look ahead to ECB minutes and EZ supply.10yr JGB yields were stable overnight but remained closed to the BoJ's 0.25% line in the sand.COMMODITIESCrude consolidated overnight following yesterday's substantial slide.IEA's Birol confirmed the US is to contribute 60mln barrels to the 120mln global crude release, according to Reuters.China is to strictly control new production capacity in the oil refining industry, according to the industry ministryGas flows via Yamal-Europe pipeline resume westward, according to Gascade data.Spot gold remained caged to a tight range around USD 1,925/oz.3M LME copper was dampened by the overall market sentiment.CRYPTOBitcoin took a breather from yesterday's slide as the Bitcoin 2022 Conference got underway.Meta (FB) is exploring a virtual currency for the metaverse, according to the FT.NOTABLE APAC HEADLINESChina's Shanghai city reports 19,600 new asymptomatic COVID cases (vs prev. 16,766), according to Global Times. "Shanghai authorities will work out a white list of suppliers of essential goods including wholesale markets, distribution centers, e-commerce warehouses, central kitchens which will be exempted from lockdown", Global Times tweeted.China is to reportedly allow creditors of Evergrande (3333 HK) to sue locally to recoup debt, according to Bloomberg sources.PBoC injected CNY 10bln via 7-day reverse repos with the rate at 2.10% for a CNY 140bln net drain.PBoC set USD/CNY mid-point at 6.3659 vs exp. 6.3697 (prev. 6.3793).DATA RECAPAustralian Trade Balance (A$) (Feb) 7.457B vs. Exp. 12B (Prev. 12.891B)Australian Exports (Feb) 0% (Prev. 8.0%)Australian Imports (Feb) 12% (Prev. -2.0%)

covid-19 uk china house france japan west russia chinese european joe biden ukraine russian market spain conference bitcoin iran wall street wall street journal spot crypto euro sec saudi arabia ukrainian nato evans gas bloomberg fed buck shanghai kyiv fx gdp usd treasury nasdaq pill yemen reuters belarus russia ukraine g7 us senate commodities cos telegraph imf geopolitics central banks al jazeera sentiment ard bund houthis nagel apac ez ria exp evergrande ecb hk equities crude mbs us secretary kharkiv fomc boe fixed income bucha asx bullard boj ust prev nikkei treasuries rba iea dow jones industrial average westpac downbeat russian president putin cny samsung electronics spx us trade state blinken pboc global times eurusd hang seng dxy amazon amzn russian ambassador euro stoxx jpy ycc gbpusd jgb echoed interfax defence ministry ndx meta fb r2k us treasury secretary yellen

Euro Market Open: Futures point lower after a downbeat APAC handover ahead of Fed Mins & ECB speak

Play Episode Listen Later Apr 6, 2022 4:17

APAC stocks traded lower across the board following the losses on Wall Street; S&P 500 -1.2%, Nasdaq -2.2%.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.4% after the cash market closed lower by 0.8% yesterday.DXY remains firm above 99.50 (fresh YTD highs), JPY lags with USD/JPY above 124 at one stage, EUR/USD hovers around 1.09.ECB's Wunsch said the ECB's inflation target is essentially met and expects the deposit rate to be raised to zero by year end.Looking ahead, highlights include FOMC Minutes, ECB's Lane, Schnabel, Panetta, de Guindos, Fed's Harker.US TRADEUS stocks trundled lower throughout the US session with the tech-heavy Nasdaq hit the hardest amid the surge in yields.SPX -1.19% at 4,528, NDX -2.24% at 14,820, DJIA -0.80% at 34,641, R2K -2.22% at 2,045.Click here for a detailed summary.NOTABLE US HEADLINESEU Commission wants large online platforms to pay an annual supervisory fee of up to 0.1% of their global net income under new tech rules, according to an EU document, according to Reuters.JetBlue (JBLU) reportedly bids USD 3.6bln or USD 33/shr to acquire Spirit Airlines (SAVE), according to NYT.US Democratic Senator Sinema has told donors a path to revival for Build Back Better is unlikely, according to Axios.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSRussia's Foreign Minister Lavrov said the West is trying to derail talks between Russia and Ukraine by fuelling hysteria over Bucha, according to Ria. He added that agreements with Ukraine should completely rule out NATO's expansion to the east, according to Interfax.DEFENCE/MILITARYThe US will send an additional USD 100mln in Javelin anti-tank missiles to Ukraine, according to NBC sources. The amount was confirmed by Secretary of State Blinken.Military sources cited by The Times suggested the UK plans to develop its own hypersonic missile, the plan would be accelerated by the AUKUS pact.Russian Defence Ministry said its forces will "liberate" Mariupol from Ukrainian nationalists, according to Ria.China's Ambassador to the UN said the reports and images of civilian deaths in Bucha are very disturbing, relevant circumstances and specific causes of the events must be verified and established, according to Reuters.ENERGY/ECONOMIC SANCTIONSWhite House said sanctions expected to be announced on Wednesday related to Russia; aim is to make Russia choose between default and drain remaining Dollar reserves, according to Reuters.Russia's Sberbank is among banks being considered for tightened sanctions by US President Biden's administration, according to Reuters.OTHERChina's UN Envoy, in response to US/UK/Aus hypersonic weapons deal, warned against "things which may lead other parts of world into crisis" like Ukraine, via Reuters.EU's Foreign Affairs Chief Borrell said last week's EU-China summit was a "dialogue of the deaf", according to SCMP.CENTRAL BANKSFed's Daly (2024 voter) said the labour market is extremely tight and Fed is on a path to raise interest rates. She does not expect a big slowdown in US economy due to high oil prices. She said the Fed can begin balance sheet reduction as early as May meeting and will use balance sheet reductions as well as rate hikes to reduce policy accommodation. "We'll be able to get inflation moving down by end of year, but no recession", according to Reuters.ECB's Lane said maybe by mid-year we will see the peak on inflation, but it depends on the war. The momentum of inflation will slow down, so thinks that in the second half of the year the inflation rate will come down. "We do think it will be a lot lower next year and the year after." Lane expects to see a slowdown in the economy, but economy will still grow this year, via ECB.ECB's Wunsch said the inflation target is essentially met and expects the deposit rate to be raised to zero by year end. He said the ECB's rate could rise to 1.5-2% in the longer term, but caveat that even within the ECB there has been no discussion about raising interest rates, according to Reuters.APAC TRADEEQUITIESAPAC stocks traded lower across the board following the losses on Wall Street; Mainland China returned from its long-weekend.ASX 200 conformed to the downbeat tone which isn't helped by the RBA's hawkish hold yesterdayNikkei 225 saw most of its construction and machinery-related names with losses.KOSPI was pressured by its large tech exposure.Hang Seng was also weighed on by its tech exposure as yields continued to rise overnight.Shanghai Comp returned for the first time this week following its domestic holiday and saw less pronounced losses, with the Real Estate sector feeling relief from reports that over 60 Chinese cities ease policies on housing purchases to support the market.US equity futures held a downside bias and the NQ narrowly underperformed.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future -0.4% after the cash market closed lower by 0.8% yesterday.FXDXY remained over 99.50 as yields continued rising, with the index hitting an overnight high of 99.640.EUR/USD briefly dipped under 1.0900 ahead of the YTD low of 1.0804.GBP/USD traded relatively flat after finding support around 1.3050Antipodeans were lacklustre throughout the session as upside remained capped by the soured APAC mood.JPY continued to weaken due to yield differentials with the US; USD/JPY briefly topped 124.00, whilst some desks noted of Japanese exporter offers around the psychological level.FIXED INCOME10yr UST futures edged lower in a continuation of the US action, whilst the corresponding cash yield rose to an APAC high of exactly 2.62%APAC yields rose in tandem, with the 10yr JGB yield hitting a high of 0.23% vs the BoJ's 0.25% cap.Bund futures conformed to the selling across the debt complex.COMMODITIESCrude clambered off worst levels despite the surprised build in the weekly Private Inventories.US Private Energy Inventory Data (bbls): Crude +1.08mln (exp. -2.1mln), Cushing +1.791mln, Gasoline -0.543mln (exp. +0.1mln), Distillate +0.593mln (exp. -0.8mln).Gas flows via Yamal-Europe pipeline resume eastward, according to Gascade data, according to Reuters.Spot gold remained caged in a tight range overnight.LME 3M copper fell amid the soured risk tone and prices receded further below USD 10.5k/t.CRYPTOCrypto markets experienced sudden selling and thereafter a recovery in which Bitcoin briefly fell under USD 45k.US Treasury Secretary Yellen to deliver speech on digital assets on Thursday, according to Reuters.NOTABLE APAC HEADLINESChina's Shanghai City says it will remain in lockdown until city-wide mass COVID testing (due to start Apr 6) is complete; results will be used to assess whether an extension to the lockdown is needed.China's Shanghai city reports 16,766 new asymptomatic COVID cases for April 4th (vs 13,086 for April 4th).Over 60 Chinese cities ease policies on housing purchases to support market, according to Global Times.PBoC set USD/CNY mid-point at 6.3799 vs exp. 6.3793 (prev. 6.3509 on Friday).PBoC injected CNY 10bln via 7-day reverse repos with the rate at 2.10% for a CNY 440bln net drainDATA RECAPChinese Caixin Services PMI (Mar) 42 (Exp. 49.7, Prev. 50.2); Composite 43.9 (Prev. 50.1).

covid-19 uk china west russia chinese european joe biden ukraine japanese market european union speak white house bitcoin nbc real estate military wall street spot crypto euro ambassadors secretary ukrainian lower nato dollar gas fed shanghai futures nyt fx usd wunsch nasdaq reuters russia ukraine commodities geopolitics central banks daly build back better bund mins axios apac ria exp gasoline mariupol ecb equities crude aukus cushing fixed income bucha asx ust boj prev nikkei javelin composite rba dow jones industrial average harker ytd schnabel downbeat mainland china handover eu commission cny spx us trade state blinken panetta eu china pboc global times eurusd hang seng dxy scmp nq euro stoxx jpy usd jpy gbpusd jgb distillate interfax ndx foreign minister lavrov r2k us treasury secretary yellen

US Market Open: Fleeting upside dissipates amid the latest Russian sanction plans

Play Episode Listen Later Apr 5, 2022 3:11

European bourses began the session lackluster before seeing a marginal pick up amid broader risk-on moves as Ukraine's Zelensky spoke.However, this upside was fleeting with bourses and US futures now softer, ES -0.30%, amid reports of EU sanctions touching on energy (via coal)DXY remains bid but capped just above 99.00 while AUD outperforms amid RBA implying meetings are liveBunds have retreated markedly from initial best levels and after Monday's upside, OATs underperform as polls imply a tighter Macron-Le Pen raceWTI and Brent reside towards the top-end of another relatively modest range at this point in the session, awaiting further Ukraine-Russia updates.Looking ahead, highlights include US Composite/Services Final PMIs, US ISM Services PMI, Fed's Williams, Brainard, Kashkari & George.As of 11:10BST/06:10ETLOOKING AHEADUS Composite/Services Final PMIs, US ISM Services PMI, Fed's Williams, Brainard, Kashkari & George.Click here for the Week Ahead preview.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian President Zelensky said he will address the UN Security Council on Tuesday.Ukraine President Zelensky has endorsed a delegation to partake in negotiations with Russia re. coordinating/preparing a draft treaty on Ukraine security guarantees, via Ifx.Ukraine President says the possibility of holding discussions with Russia is 'very challenging', but he has no other option, via Reuters citing Ukrainian TV.DEFENCE/MILITARYThe US successfully tested a hypersonic missile in mid-March but kept it quiet for two weeks to avoid further tensions with Russia ahead of President Biden's trip to Europe, according to CNN sources.Russia's deputy envoy to UN Polyanskiy said AUKUS Provokes new round of arms race, Russia urges US to abandon plans to deploy ground-based missiles in APR, "rejects" possibility of using nuclear weapons in Ukraine, via Sputnik.ENERGY/ECONOMIC SANCTIONS & UPDATESUS Treasury will not allow any Dollar-debt payments to be made from Russian government accounts at US financial institutions, according to a spokesperson.EU's Dombrovskis said oil and coal sanctions are also an option for new EU measures against Russia, via Reuters.Big EU sanctions package against Russia is coming; first tranche will touch on energy (EU coal ban from Russia), if approved, via WSJ's Norman. New bans on export of machinery worth EUR 10bln to Russia, new oligarch hits and family members of Russians, cap on potash imports and finally the transport road freight and vessel restrictions. Will need backing of EU27, which WSJ reporter says may not be easy.OTHERNorth Korea said that South Korea is not their principal enemy, but if South Korea chooses confrontation, then nuclear forces will carry out their mission, via KCNA.EUROPEAN TRADEEQUITIESEuropean bourses began the session lacklustre before seeing a marginal pick up amid broader risk-on moves as Ukraine's Zelensky spoke.However, this upside was fleeting and bourses are now softer, Euro Stoxx 50 -0.5%; note, the pullback began before, but has been exacerbated by, the latest sanctions updates.Sectors, has Energy Names outperforming amid benchmark action while Basic Resources lag awaiting the touted next set of EU sanctions.Stateside, US futures have moved directionally in tandem with EZ peers but magnitudes were more contained initially, but have slipped further amid the latest sanctions reports.Click here for more detail.FXAussie rules as RBA removes patience from policy guidance to imply upcoming meetings are live for rate hikes; AUD/USD approaches 0.7650 after round number and Fib resistance (circa 0.7609) breaks.Kiwi tags along after BNZ raised its May call for the RBNZ to a 50 bp tightening move from 25 bp previously, NZD/USD probes 0.7000 as AUD/NZD runs into headwinds above 1.0900.Dollar underpinned by bear-steepening US Treasury backdrop, but DXY unable to extend much beyond 99.000.Swedish Crown bid as another Riksbank member registers concern over inflation and contends that it's time to re-evaluate policy at the next meeting, EUR/SEK edges close to 10.3000.Loonie and Nokkie firm as WTI and Brent crude continue to rebound amidst ongoing geopolitical supply risk; USD/CAD near 1.2450 and EUR/NOK around 9.5300 at one stageJapanese Finance Minister Suzuki said they are closely watching FX impact on Japan's economy and must look out for any sharp FX moves.Japanese Vice Finance Minister declined to comment on FX intervention, closely watching FX with a sense of urgency.Click here for more detail.Notable FX Expiries, NY Cut:Click here for more detail.FIXED INCOMEBonds back in reverse gear after Monday's bounce, with Bunds around 100 ticks off their 159.42 overnight Eurex peak, Gilts 71 ticks below par circa 121.17 and the 10 year T-note closer to 121-22+ than 122-10.French OATs underperforming and testing 150.00 support in futures as polls predict a tight run-off between Macron and Le Pen for the Presidency.2026 UK DMO issuance draws decent demand, but tail a tad longer and yield much higher.Click here for more detail.COMMODITIESWTI and Brent reside towards the top-end of another relatively modest range at this point in the session, as fundamentals haven't significantly changed and we await Ukraine-Russia updates.Thus far, talks are ongoing, Ukraine acknowledges they are very difficult but there is no alternative and Russia continues to pushback on Bucha allegations.JP Morgan (JPM) is reportedly mulling its commodity exposure following the nickel episode, according to Bloomberg sources.Russia prevented the movement of a ship loaded with Ukrainian wheat after it was bought by Egypt, according to the Embassy of Ukraine in Cairo cited by Al Jazeera.Russian oil and gas condensate output is down 4% in early April, according to Interfax.Some Japanese aluminium buyers agreed a Q2 premium of USD 172/T, -2.8% QQ, according to Reuters sources.Spot gold/silver eased from best amid the initial risk-on actionClick here for more detail.CENTRAL BANKSThe RBA maintained its Cash Rate Target at 0.10% as expected. The statement surprisingly dropped reference to the word "patient". The Board noted inflation has picked up and a further increase is expected. The statement made no explicit mention of rate increases.BoJ Governor Kuroda said recent forex moves are somewhat rapid. He added if the rise in long-term rates is rapid, BoJ will offer to buy unlimited amount of 10yr JGBs and it may not necessarily be a "last resort", via Reuters.A senior BoJ official said Japanese consumer inflation will likely hover around 2% for some time from April onward, via Reuters.A BoK official said upside risks to inflation path has risen since the Feb forecast; will continue to monitor commodities, via Reuters.BNZ now expects the RBNZ to hike the OCR by 50bps in May (prev. 25bps) "but, hesitantly, keep April at 25".ECB's Rehn says ECB decided to proceed with gradual monpol normalisation in March, but recent inflation rates may give rise to the need for measures to curb inflation more quickly.Riksbank's Floden says inflation will be significantly higher than in their latest forecast, will need to re-evaluate monetary policy at the next meeting; risks for persistently high inflation have increased. The domestic economy is in good shape, labour market is strong.DATA RECAPEU S&P Global Composite Final PMI (Mar) 54.9 vs. Exp. 54.5 (Prev. 54.5); Services Final PMI (Mar) 55.6 vs. Exp. 54.8 (Prev. 54.8)UK Composite PMI Final (Mar) 60.9 vs. Exp. 59.7 (Prev. 59.7); Services PMI Final (Mar) 62.6 vs. Exp. 61.0 (Prev. 61.0)NOTABLE US HEADLINESTesla (TSLA) CEO Musk, after purchasing a large stake in Twitter (TWTR), asks via a Twitter Poll whether users would like an "edit" button [for Twitter posts].US President Biden is to propose adjustments to the Affordable Care Act to extend subsidies for families, according to WSJ; set to be announced today.Click here for the US Early Morning note.CRYPTOBitcoin is slightly firmer, residing near the top end of a slim USD 46,188-46,889 range.APAC TRADEEQUITIESAPAC stocks traded mixed as the region also observed mass closures.Mainland China, Hong Kong, and Taiwan were all closed today due to domestic holidays.ASX 200 traded in the green in the run-up to the RBA release but trimmed those gains following the RBA's hawkish hold.Nikkei 225 reversed the gains seen at the open amid unfavourable currency dynamics after verbal jawboning from Japanese officials.KOSPI traded lacklustre as South Korean March CPI rose at its fastest pace since 2011.NOTABLE APAC HEADLINESChina's Shanghai city reported 13,086 new asymptomatic COVID cases for April 4th (vs 8,581 for April 3rd).Australia is to speed up the Australian Defence Force's missile strike capabilities.DATA RECAPSouth Korea CPI Growth Y/Y (Mar) 4.1% vs. Exp. 3.8% (Prev. 3.7%); M/M (Mar) 0.7% vs. Exp. 0.4% (Prev. 0.6%)

covid-19 australia europe china japan french russia european joe biden ukraine japanese board russian european union cnn bitcoin hong kong wall street journal spot crypto taiwan south korea ukrainian amid aussie dollar bloomberg north korea fed shanghai norman bonds fx usd looking ahead macron presidency reuters kiwi upside russia ukraine commodities zelensky volodymyr zelenskyy embassies affordable care act geopolitics marine le pen central banks al jazeera eur sputnik ukraine russia apac ez exp sectors ecb ocr oats equities week ahead aud us treasury fleeting un security council fixed income sanction bucha asx stateside qq boj prev nikkei rba us markets bok eus mainland china australian defence force wti fib brainard loonie rehn dxy euro stoxx rbnz gilts bnz riksbank floden interfax bunds audusd eu27 kcna eurex ifx ukrainian tv usd cad jgbs nzd usd

US Market Open: Indecisive trade awaiting fresh catalysts with Ukraine-Russia talks set to resume

Play Episode Listen Later Apr 4, 2022 4:39

European bourses are mixed with US futures similarly contained, ES +0.1, amid limited newsflow and with a thin docket ahead.Russian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged, a draft peace agreement is not ready and talks will resume on MondayDXY continues to grind higher as EUR lags amid yield pressure as EGBs bounce, though GBP/Gilts await BoE speak via dovish-dissenter CunliffeWTI and Brent are choppy but contained awaiting Ukraine-Russia progress; Kremlin has no information on the continuation of talksFed's Williams says balance sheet reduction could begin as soon as May.Looking ahead, highlights include US Factory Orders & BoE's CunliffeAs of 10:45BST/05:45ETLOOKING AHEADUS Factory Orders & BoE's CunliffeClick here for the Week Ahead preview.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSRussian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged, a draft peace agreement is not ready and talks will resume on Monday, via Reuters.Russian Foreign Ministry spokesperson said Kyiv is attempting to disrupt peace talks.SGH Macro Advisors, in a note dated April 1st, suggested it is their understand that Russian Foreign Minister Lavrov conveyed to his Chinese counterpart that “there is still a long way to be walked” to sign a peace treaty between Russia and Ukraine under conditions that are “mutually acceptable”, although a great progress has been made. Lavrov added that Russia does not rule out settlement in Roubles for other commodities if hostility continues from the West. Commodities such as oil, wheat, fertilizer, lumber, and uranium could be affected.Russia has requested a US Security Council Meeting to discuss "provocation of Ukrainian radicals", according to Reuters citing Ria.Russia's Kremlin repeated that the special military operation in Ukraine will achieve all of its aims, via Reuters.US Secretary of State Blinken will travel to Belgium on April 5-7th for a NATO meeting, according to the State Department.Russian Kremlin says it has no information re. the continuation of Russia-Ukraine talks, declines to comment on how Bucha allegations will impact discussions; wants and demands the Bucha issue is discussed at an international level, categorically rejects any accusations.DEFENCE/MILITARYRussia has revised its Ukraine war strategy to focus on trying to take control of the Donbas and other regions in eastern Ukraine with a target date of early May, according to several US officials cited by CNN.Poland's Ruling Party leader said Poland would be open to deploying US nuclear weapons in Poland, according to the Jerusalem Post.There have been reports via Western media of continued civilian killings by Russia in several cities, particularly in Bucha.NATO Secretary General Stoltenberg said what we see in Ukraine is not a real withdrawal by Russian troops, via Reuters.Ukraine's 368.5k BPD Kremenchuk oil refinery was completely destroyed during a Russian attack, according to the regional governor.Explosions were heard in Ukraine's city of Odessa, according to a Reuters witness and in the city of Kherson, according to a local media.Ukrainian authorities of Luhansk says that Russian forces are preparing to launch an attack on the region after mobilising fighters and vehicles.ENERGY/ECONOMIC SANCTIONS & UPDATESRussian government spokesperson Peskov said Russia could demand RUB payments for other goods. He added that payment for gas supplies in Russian Roubles will be made from the end of the second half of April, or even early May, according to Reuters.EU ambassadors are expected to discuss fresh Russian sanctions on Wednesday, according to FT sources.UK PM Johnson said UK is stepping up military support for Ukraine and sanctions on Russia, according to Reuters.German Chancellor Scholz said the West will agree on further Russian sanctions in the coming days, according to Reuters.EU must discuss import ban on Russian gas deliveries, according to the German Defence Ministry cited by Reuters.US Department of Commerce on Friday added 120 Russian and Belarusian entities, largely comprised of companies linked to the military, via Reuters.Latvia, Estonia and Lithuania stopped imports of Russian gas from April 1st, according to the FT.Physical gas flows on the Yamal-Europe pipeline at Mallnow, Germany have dropped to zero, via Reuters citing operator data. Elsewhere, Gazprom does not intend to hold spot gas sales sessions at its electronic sales platform this week.German Economy Minister Habeck says they are working hard to limit dependence on Russian oil, also with reference to the Rosneft refinery in Schwedt.OTHERA Chinese diplomat, following talks with EU, said China cannot change the EU and the EU cannot change China. China said it is not deliberately circumventing Russian sanctions, via Reuters.North Korea continues to develop chemical and biological weapons which together with its nuclear and ballistic missile capabilities pose a serious threat to South Korea and other US allies, according to Yonhap citing US officials on Friday.A two-month truce has been announced by the warring sides in Yemen, according to The Guardian.Iranian Foreign Ministry spokesperson Khatibzadeh says they are ready to continue discussions with Saudi Arabia, calling on them to show willingness to resolve the outstanding issues, via Reuters.EUROPEAN TRADEEQUITIESEuropean bourses are mixed, Euro Stoxx 50 +0.2%, failing to derive firm direction after initial opening gains faded in limited newsflow.Sectors, are mixed as well with Roche and Bayer lifting Health Care and the former aiding the SMI while Banking names lag modestly.Stateside, US futures are similarly indifferent with a thin docket ahead.Spanish PM Sanchez says they are to spend EUR 11bn on the semi-conductor and micro-chip industry, via Reuters.Click here for more detail.FXGreenback grinds higher amidst more Fed officials flagging half point hikes post-US jobs data and pre- factory orders, DXY forms 98.500+ base.Aussie outperforms ahead of AIG construction index, final PMIs and RBA policy meeting that might see rate guidance turn more plausible than patient; AUD/USD pivots 0.7500 and AUD/NZD solid on the 1.0800 handle.Euro underperforms as EGB yields retreat, Russia/Ukraine angst persists and option expiry interest exerts downside pressure, EUR/USD drifts down from 1.1050+ towards 1.1000 and 1bln rolling off between the round number and 1.1010.Forint underpinned following resounding win by Hungarian PM Orban, but Lira undermined by further increases in Turkish CPI and PPI.S&P said Turkey long-term LC rating lowered to 'B+' from 'BB-'; FC rating affirmed at 'B+'; outlook remains negative.Click here for more detail.Notable FX Expiries, NY Cut:EUR/USD: 1.0975 (485M), 1.1000-10 (1.1BN), 1.1100 (765M)Click here for more detail.FIXED INCOMEBunds bounce firmly on a mix of safe-haven demand, short covering and stop-driven price action as tech levels are breached through 159.00 vs 158.12 at the Eurex low, including a Fib at 159.03 and last Thursday's 159.05 session best.Gilts tag along awaiting comments from dovish BoE dissenter Cunliffe with the 10 year bond hovering towards the top of a 122.01-121.31 range vs its 121.19 prior Liffe close.US Treasuries remain sub-par and the curve re-steepens amidst more Fed backing for 50 bp hikes post-NFP and pre-US factory orders,10 year T-note soft between 121-27/122-08+ parameters.Click here for more detail.COMMODITIESWTI and Brent are choppy within a relatively contained USD 2.0/bbl range, as we await updates on the Russia-Ukraine talks set to resume on Monday.Currently, the benchmarks are holding within USD 98.00-100.70/bbl and USD 102.90-105.80/bbl parameters respectively.Reports on Saturday suggested Gazprom has stopped deliveries of Russian gas to Germany via the Yamal-Europe pipeline. It was then reported Gazprom has booked to pump gas through the Polish section of the Yamal-Europe pipeline on Sunday night to Monday, according to Interfax.Goldman Sachs upgrades its 2023 oil price forecast to USD 115/bbl (prev. 110/bbl); still forecast end-year oil at USD 125/bbl."A UN-brokered two-month ceasefire in Yemen was broadly holding on its first full day with oil shipments reaching the port of Hodeida", according to The Guardian.The Russian Energy Ministry has delayed the publication of March oil output numbers amid technical issues, according to reports.Azerbaijan plans to supply 9.5bcm of gas to Italy, according to Interfax.Indian State has cancelled bids by Adani Enterprises to supply imported coal as prices that were quoted were too high, according to a government official cited by Reuters.Spot gold/silver are firmer, deriving modest impetus from the deterioration in sentiment seen around the European cash open, metals towards top-end of respective ranges.Click here for more detail.CENTRAL BANKSFed's Williams (voter) expects a combination of rate hikes and balance sheet reduction to help ease inflation back to 4% this year and closer to 2% in 2024. Williams said balance sheet reduction could begin as soon as May. He added that there are no plans to use the balance sheet for Yield Curve Control, via Reuters. Williams also noted that the USD has proven itself as a safe haven. Williams also suggested that we have not yet seen global risk sentiment much impacted by the Ukraine war.Fed's Daly (2024 voter) said the case for 50bps rate hike in May has grown, according to the FT. She added she is more confident that adjusting early would be appropriate.ECB's Schnabel said the ECB plans to raise interest rates some time after winding down its bond purchase programme Q3 2022, via Reuters.DATA RECAPGerman Trade Balance, EUR, SA (Feb) 11.5B vs. Exp. 9.6B (Prev. 9.4B, Rev. 8.8B)EU Sentix Index (Apr) -18.0 vs. Exp. -9.2 (Prev. -7.0)Turkish CPI MM (Mar) 5.46% vs. Exp. 5.77% (Prev. 4.81%); YY (Mar) 61.14% vs. Exp. 61.6% (Prev. 54.44%)NOTABLE EUROPEAN HEADLINESHungarian opposition leader has accepted defeat in elections, with PM Orban declaring victory.UK government is said to be mulling permanent replacements to programmes that helped banks lend to firms during the pandemic; the scheme is expected to focus on small and medium-sized firms. Sources added focus is on growth of UK business, via FT.German BDB, banking lobby, calls on the ECB to end net asset purchases soon and to send an initial signal on interest rates. Sees German growth of 2% in 2022, are considerable risks.NOTABLE US HEADLINESTesla (TSLA): Q1 deliveries 310.4k (prev. 308.6k Q/Q; exp. 309-315k).JP Morgan (JPM CEO) Dimon says the bank could lose around USD 1bln over time from its exposure to Russia. Stock buybacks will be lower over the next year or so due to mandates capital increases and acquisitions. Acquisitions will increase incremental investment expenses by USD 700mln in 2022.CRYPTOBitcoin is little changed but errs towards the lower-end of the sessions parameters at USD 45760 vs USD 47439, at best.APAC TRADEEQUITIESAPAC stocks initially traded mixed but later turned mostly higher.ASX 200 saw early outperformance as mining names surged, with rising EV sales also boosting some Russia-related metals.Nikkei 225 traded flat with a downside bias throughout the session.Hang Seng outperformed and was bolstered at the open by Chinese dual-listed stocks, with the tech sector the main beneficiary of the weekend Audit news, whilst gains compounded after HK Chief Executive Lam said she will not seek a second term.China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to cooperation on audit oversight while putting the onus on Chinese companies to protect state secrets, via Reuters.Mainland China was closed due to a domestic holiday.NOTABLE APAC HEADLINESThe Chinese army is sending over 2,000 medical personnel to Shanghai to aid with its COVID outbreak, according to CCTV.Hong Kong Chief Executive Lam will not seek re-election, according to NK01.South Korea's former PM Han Duck-Soo has been nominated as PM. He said the country needs to take more efforts to curb rising household debt, financial imbalances, and to maintain a trade surplus, according to Reuters.Pakistani PM Khan's cabinet has been dissolved and fresh elections will be held in 90 days, according to Reuters.Sri Lanka's government imposed a curfew amid the rising domestic unrest, via Reuters.

covid-19 uk china germany west russia chinese european ukraine italy russian european union western fresh healthcare trade turkey cnn bitcoin rev guardian spot crypto euro commerce poland stock south korea belgium saudi arabia ukrainian reports nato aussie north korea banking fed polish shanghai ev sri lanka kyiv fx goldman sachs resume usd looking ahead audit yemen rub reuters state department acquisitions russia ukraine us department estonia hungarian commodities kremlin bayer lithuania geopolitics roche azerbaijan latvia central banks crimea daly eur explosions cctv ukraine russia apac ria lc exp 5b awaiting sectors ecb 4b equities week ahead us secretary donbas ppi catalysts nfp gazprom aig boe fixed income belarusian bucha asx stateside qq 8b prev nikkei sergey lavrov rba jerusalem post us markets luhansk schnabel indecisive mainland china wti smi fib us treasuries dimon state blinken tesla tsla pmis rosneft 1bn eurusd greenback hang seng dxy euro stoxx cunliffe egb gilts peskov forint indian state yield curve control russian foreign ministry interfax bunds audusd yonhap eurex german chancellor scholz hodeida liffe adani enterprises

Euro Market Open: APAC was mixed but improved amid audit updates and ahead of Ukraine/Russian talks

Play Episode Listen Later Apr 4, 2022 4:47

Asia-Pac equities initially traded mixed, but sentiment improved; Mainland China was closed whilst Hong Kong outperformed.Russian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged and talks will resume on Monday.European equity futures are indicative of a slightly firmer open with the Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.4% on Friday.DXY remains above 98.50, EUR/USD was flat on either side of 1.1050, Antipodeans narrowly outperform in the G10 FX space.Looking ahead, highlights include EZ Sentix, US Factory Orders, BoE's Cunliffe, Mann.US TRADEUS stocks finished higher on Friday with trade choppy as a new quarter commenced but eyes remained on the inverted yield curve.SPX +0.32% at 4,544, NDX +0.15% at 14,861, DJIA +0.40% at 34,818, R2K +0.87% at 2,089.Click here for a detailed summary.NOTABLE US HEADLINESTesla (TSLA): Q1 deliveries 310.4k (prev. 308.6k Q/Q; exp. 309-315k).GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSRussian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged, a draft peace agreement is not ready and talks will resume on Monday, via Reuters.Russian Foreign Ministry spokesperson said Kyiv is attempting to disrupt peace talks.SGH Macro Advisors, in a note dated April 1st, suggested it is their understand that Russian Foreign Minister Lavrov conveyed to his Chinese counterpart that “there is still a long way to be walked” to sign a peace treaty between Russia and Ukraine under conditions that are “mutually acceptable”, although a great progress has been made. Lavrov added that Russia does not rule out settlement in Roubles for other commodities if hostility continues from the West. Commodities such as oil, wheat, fertilizer, lumber, and uranium could be affected.Russia has requested a US Security Council Meeting to discuss "provocation of Ukrainian radicals", according to Reuters citing Ria.Russia's Kremlin repeated that the special military operation in Ukraine will achieve all of its aims, via Reuters.US Secretary of State Blinken will travel to Belgium on April 5-7th for a NATO meeting, according to the State Department.DEFENCE/MILITARYRussia has revised its Ukraine war strategy to focus on trying to take control of the Donbas and other regions in eastern Ukraine with a target date of early May, according to several US officials cited by CNN.Poland's Ruling Party leader said Poland would be open to deploying US nuclear weapons in Poland, according to the Jerusalem Post.There have been reports via Western media of continued civilian killings by Russia in several cities, particularly in Bucha.NATO Secretary General Stoltenberg said what we see in Ukraine is not a real withdrawal by Russian troops, via Reuters.Ukraine's 368.5k BPD Kremenchuk oil refinery was completely destroyed during a Russian attack, according to the regional governor.UK said a fire has destroyed several oil tanks in the Russian city of Belgorod, close to the border with Ukraine, via Reuters.Explosions were heard in Ukraine's city of Odessa, according to a Reuters witness and in the city of Kherson, according to a local media.White House said the US is providing Ukraine with supplies in case Russia deploys chemical weapons.ENERGY/ECONOMIC SANCTIONSRussian government spokesperson Peskov said Russia could demand RUB payments for other goods. He added that payment for gas supplies in Russian Roubles will be made from the end of the second half of April, or even early May, according to Reuters.EU ambassadors are expected to discuss fresh Russian sanctions on Wednesday, according to FT sources.UK PM Johnson said UK is stepping up military support for Ukraine and sanctions on Russia, according to Reuters.German Chancellor Scholz said the West will agree on further Russian sanctions in the coming days, according to Reuters.EU must discuss import ban on Russian gas deliveries, according to the German Defence Ministry cited by Reuters.US Department of Commerce on Friday added 120 Russian and Belarusian entities, largely comprised of companies linked to the military, via Reuters.Latvia, Estonia and Lithuania stopped imports of Russian gas from April 1st, according to the FT.Shell (SHEL LN) cannot use Gazprom's Rouble payment method due to sanctions, according to Reuters.OTHERA Chinese diplomat, following talks with EU, said China cannot change the EU and the EU cannot change China. China said it is not deliberately circumventing Russian sanctions, via Reuters.North Korea continues to develop chemical and biological weapons which together with its nuclear and ballistic missile capabilities pose a serious threat to South Korea and other US allies, according to Yonhap citing US officials on Friday.A two-month truce has been announced by the warring sides in Yemen, according to The Guardian.CENTRAL BANKSFed's Williams (voter) expects a combination of rate hikes and balance sheet reduction to help ease inflation back to 4% this year and closer to 2% in 2024. Williams said balance sheet reduction could begin as soon as May. He added that there are no plans to use the balance sheet for Yield Curve Control, via Reuters. Williams also noted that the USD has proven itself as a safe haven. Williams also suggested that we have not yet seen global risk sentiment much impacted by the Ukraine war.Fed's Evans (2023 voter) said raising rates to just under 2.5% by March 2023 gives Fed 'optionality'. He said it is not a big risk if rate-hike path includes 'some' 50bps hikes to get to neutral sooner. He said the latest jobs report is not indicative of overheating and the monthly inflation reports should start to be lower in H2 22, but rhetoric won't change until 2023, via Reuters. Raising rates quickly 'puts a premium on communicating' how far rates may ultimately need to rise, via Reuters.Fed's Daly (2024 voter) said the case for 50bps rate hike in May has grown, according to the FT. She added she is more confident that adjusting early would be appropriate.ECB's Schnabel said the ECB plans to raise interest rates some time after winding down its bond purchase programme Q3 2022, via Reuters.APAC TRADEEQUITIESAPAC stocks initially traded mixed but later turned mostly higher.ASX 200 saw early outperformance as mining names surged, with rising EV sales also boosting some Russia-related metals.Nikkei 225 traded flat with a downside bias throughout the session.Hang Seng outperformed and was bolstered at the open by Chinese dual-listed stocks, with the tech sector the main beneficiary of the weekend Audit news, whilst gains compounded after HK Chief Executive Lam said she will not seek a second term.China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to cooperation on audit oversight while putting the onus on Chinese companies to protect state secrets, via Reuters.Mainland China was closed due to a domestic holiday.US equity futures kicked off trade relatively flat before drifting lower and holding a downside bias after the first set of APAC cash opens; ES Unch.European equity futures are indicative of a slightly firmer open with the Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.4% on Friday.FXDXY gained in early trade and remained north of 98.50 throughout the session following further weekend Fed commentary.EUR/USD was flat on either side of 1.1050.GBP/USD was similarly uneventful but retained a 1.3100 handle.JPY initially outpaced peers but gains later faded as the APAC mood recovered.Antipodeans rose to the top of the G10 bunch - aided by gains in some base metals.S&P said Turkey long-term LC rating lowered to 'B+' from 'BB-'; FC rating affirmed at 'B+'; outlook remains negative.BCB is to continue reducing EUR and USD dollars as reserves, but will keep on increasing CNY as reserves, according to Reuters.FIXED INCOME10yr UST was softer since the open whilst in terms of cash yields, the 2yr, 3yr, 5yr and 7yr remain above the 10yr and 30yr.Bunds futures also held a downside bias but to a lesser magnitude.10yr JGBs were relatively tame during the APAC session.BoJ offered to buy JPY 150bln in JGBs up to 1yr, JPY 475bln in 1-3yr (Prev. 450bln), JPY 475bln in 3-5yr (prev. 600bln) and PY 125bln in 10-25yr (prev. 100bln)COMMODITIESWTI and Brent futures saw mild early weakness and have traded sideways since.US DoE on Friday announced emergency notice of sale of crude oil to fulfil release from SPR to address the energy price hike.Reports on Saturday suggested Gazprom has stopped deliveries of Russian gas to Germany via the Yamal-Europe pipeline. It was then reported Gazprom has booked to pump gas through the Polish section of the Yamal-Europe pipeline on Sunday night to Monday, according to Interfax."A UN-brokered two-month ceasefire in Yemen was broadly holding on its first full day with oil shipments reaching the port of Hodeida", according to The Guardian.The Russian Energy Ministry has delayed the publication of March oil output numbers amid technical issues, according to reports.Azerbaijan plans to supply 9.5bcm of gas to Italy, according to Interfax.ECB rejected the request from energy traders for financial support, according to Reuters.Spot gold traded rangebound and remains within recent parameters.Copper was marginally softer during APAC trade.Indian State has cancelled bids by Adani Enterprises to supply imported coal as prices that were quoted were too high, according to a government official cited by Reuters.CRYPTOBitcoin was volatile around 46,000 level and Ethereum meandered around 3,500.NOTABLE APAC HEADLINESThe Chinese army is sending over 2,000 medical personnel to Shanghai to aid with its COVID outbreak, according to CCTV.Hong Kong Chief Executive Lam will not seek re-election, according to NK01.South Korea's former PM Han Duck-Soo has been nominated as PM. He said the country needs to take more efforts to curb rising household debt, financial imbalances, and to maintain a trade surplus, according to Reuters.Pakistani PM Khan's cabinet has been dissolved and fresh elections will be held in 90 days, according to Reuters.Sri Lanka's government imposed a curfew amid the rising domestic unrest, via Reuters.EUROPE-SPECIFIC HEADLINESHungarian opposition leader has accepted defeat in elections, with PM Orban declaring victory.UK government is said to be mulling permanent replacements to programmes that helped banks lend to firms during the pandemic; the scheme is expected to focus on small and medium-sized firms. Sources added focus is on growth of UK business, via FT.

covid-19 uk china germany west russia chinese european ukraine italy russian market european union western white house turkey cnn raising bitcoin hong kong guardian spot crypto euro commerce poland south korea belgium ukrainian mixed amid reports nato evans north korea fed polish shanghai ev sri lanka kyiv fx improved usd audit ethereum yemen rub reuters state department russia ukraine us department estonia spr hungarian commodities copper kremlin lithuania geopolitics azerbaijan latvia central banks crimea daly eur explosions cctv apac ria lc ecb equities us secretary donbas gazprom boe fixed income belarusian bucha asx qq ust boj prev nikkei sergey lavrov jerusalem post dow jones industrial average schnabel mainland china wti cny py belgorod spx us trade state blinken asia pac bcb tesla tsla eurusd hang seng dxy g10 cunliffe euro stoxx jpy gbpusd rouble peskov indian state yield curve control russian foreign ministry interfax bunds ndx yonhap german chancellor scholz hodeida adani enterprises jgbs r2k

Euro Market Open: Cautious/indecisive trade after a pressured US close with key data points ahead

Play Episode Listen Later Apr 1, 2022 4:21

APAC stocks were cautious following the uninspiring lead from Wall St and regional soft data releases; S&P 500 -1.5%.UK reportedly urged Ukraine not to back down and is concerned US, France and Germany will push Ukraine to make significant concessions to Russia.DXY is on a firmer footing on a 98 handle, JPY is the laggard in an otherwise contained G10 FX space.European equity futures are indicative of a flat open with the Euro Stoxx 50 future relatively unchanged after the cash market closed lower by 1.4% yesterday.Looking ahead, highlights include EZ, UK & US Final Manufacturing PMIs, US Labour Market Report, ISM Manufacturing PMI, China-EU Summit, Speech from Fed's Evans.US TRADEUS stocks traded negative with losses exacerbated into the close on a chunky sell-side imbalance into month- and quarter-end, with sentiment already hit throughout the day as Ukraine/Russia optimism waned further.S&P 500 -1.4% at 4,539, Nasdaq 100 -1.6% at 14,838, Dow Jones -1.6% at 34,678, Russell 2000 -1.0% at 2,067.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUK reportedly urged Ukraine not to back down and is concerned US, France and Germany will push Ukraine to “settle” and make significant concessions to Russia, according to The Times citing a government sourceRussian Defence Ministry said it will open a humanitarian corridor from Mariupol to Zaporizhzhia on April 1st, following the request by German and French leaders to Russian President Putin, according to TASS.DEFENCE/MILITARYUkrainian President Zelensky said the situation in the south of Ukraine and the Donbas region remains extremely difficult, according to Reuters.Ukrainian General said Russian forces are preparing new groups to besiege the cities of Sloviansk and Kramatorsk which are both in the Donbas region, while Russian forces transferred additional missiles to Belarus to increase attacks on Ukrainian cities, according to Al Jazeera.Ukraine's envoy to Japan said the situation on the ground is turning better for Ukraine and they will soon be able to protect their skies with advanced military equipment set to be provided by the US and UK, according to Reuters.UK Ministry of Defence said Russia is redeploying forces from Georgia to reinforce its invasion of Ukraine.IAEA said it is in close consultations with Ukraine on sending its first assistance and support mission to Chernobyl in the next few days and is not able to confirm reports of Russian forces receiving high doses of radiation, according to Reuters.US senior defence official said there are currently no indications that Russia is preparing to use tactical nuclear weapons in Ukraine, according to Reuters.Governor of Belgorod in Russia near the border with Ukraine confirmed an oil depot fire was caused by a Ukrainian helicopter attack inside of Russia, according to ELINT News.ENERGY/ECONOMIC SANCTIONSWhite House said the Commerce Department will take further action against Russia in the coming days, according to Reuters.Russia's Foreign Ministry said Russia will not ask the EU to end sanctions and has a sufficient margin of safety, according to RIA.FUND/SOVEREIGN/OTHER NEWSRussian Finance Ministry said a buyback of its 2022 Eurobond was completed and it purchased it back for the nominal value of almost USD 1.45bln. Holders of the 2022 Eurobond have received payments in Roubles totalling the amount of RUB 124.4bln.Russia adopted a resolution whereby wheat, meslin, rye, barley, and corn are removed from the export ban to EAEU countries, according to a government statement cited by Interfax.US State Department called on any US citizens in Russia or Ukraine to leave immediately over concerns of being targeted specifically for arrest, according to Reuters.OTHERJapan froze the assets of 4 additional Russian organisations, 3 Russians and 6 North Koreans for involvement in North Korea's weapons projects, according to Reuters.APAC TRADEEQUITIESAPAC stocks were cautious following the uninspiring lead from Wall St, where the major indices closed off their worst quarterly performance in two years and as the region digested weak data releases.ASX 200 traded rangebound as pressure from losses in tech, industrials and financials was counterbalanced by resilience in the commodity-related sectors and upgrade to Australian PMI data.Nikkei 225 was subdued after mixed Tankan data in which the headline Large Manufacturing Index topped estimates, but Large Manufacturers and Non-Manufacturers' sentiment worsened for the first time in 7 quarters.Hang Seng and Shanghai Comp. were mixed with sentiment clouded after the PBoC drained liquidity and Chinese Caixin Manufacturing PMI slipped into contraction territory, although the mainland recovered amid the partial lifting of the lockdown in Shanghai and as Chinese press continued to advocate monetary easing.US equity futures nursed losses but with upside capped; ES +0.3%European equity futures are indicative of a flat open with the Euro Stoxx 50 future relatively unchanged after the cash market closed lower by 1.4% yesterday.FXDXY was kept afloat by recent haven flows and as yields gained overnight, while focus shifts to the NFP data.EUR/USD languished below 1.1100 amid the threat of Russia cutting off the gas supply to Europe.GBP/USD traded rangebound with a mildly negative bias against the greenback.USD/JPY gained on widening yield differentials and a weaker Tankan survey.Antipodeans were uneventful amid the cautious mood, weak Chinese PMI data and recent oil declines.FIXED INCOME10yr USTs retreated as yields were led higher by the front-end which saw a brief inversion of 2yr/10yr curve.Bunds continued to fade recent gains after stalling near the 159.00 level.10yr JGBs were underpinned after the BoJ boosted its scheduled monthly bond purchases and following the deterioration in the BoJ's Tankan survey, but with gains capped after a failed incursion above 150.00.COMMODITIESWTI and Brent were stuck at the prior day's lows after President Biden's historic SPR announcement.US President Biden said an additional 30-50mln bbls of oil could be released by allies and partners, while Biden added the SPR release could cut between USD 0.10-0.35/gallon but depends on how much allies release, according to Reuters.White House Press Secretary Psaki said a gas tax holiday is not off the table, according to Reuters.US House Majority Leader Hoyer said oil companies should either produce on leases and drill wells or pay a fee for unused leases and idled wells, according to EIN News.Japan's Industry Minister said it is not clear whether the latest US decision to release oil will be done by the US alone or become part of an IEA-coordinated release, according to Reuters.Venezuela's PDVSA is looking to buy and lease tankers in anticipation of a possible easing of US sanctions on exports, according to Reuters sources and a document.Turkey raised natural gas prices by 44.3% for electricity production and by 50% for factories, while it also hiked prices by 35% for households.Spot gold traded rangebound amid a slightly firmer greenback and ahead of the US jobs report.Copper was subdued by the cautious mood and with Chinese Caixin Manufacturing PMI at a 2-year low.CRYPTOBitcoin traded lower overnight with prices back beneath the 45,000 level.NOTABLE APAC HEADLINESPBoC injected CNY 10bln via 7-day reverse repos with the rate at 2.10% for a CNY 90bln net drain.PBoC set USD/CNY mid-point at 6.3509 vs exp. 6.3473 (prev. 6.3482).USTR Tai said they are not necessarily looking to negotiate a new agreement on trade with China and will focus on issues not addressed in the 'phase 1' deal, while she added that US trade policy on China will focus on Beijing's targeting of critical industries for domination, according to Reuters. USTR Tai also commented that they are in conversations with Taiwan and other countries interested in joining the Indo-Pacific economic framework.DATA RECAPChinese Caixin Manufacturing PMI Final (Mar) 48.1 vs Exp. 50.0 (Prev. 50.4)Japanese Tankan Large Manufacturing Index (Q1) 14 vs Exp. 12 (Prev. 18)Japanese Tankan Large Manufacturing Outlook (Q1) 9 vs Exp. 10 (Prev. 13)Japanese Tankan Large Non-Manufacturing Index (Q1) 9 vs Exp. 5 (Prev. 9)Japanese Tankan Large Non-Manufacturing Outlook (Q1) 7 vs Exp. 8 (Prev. 8)Japanese Tankan All Big Capex Est (Q1) 2.2% vs Exp. 4.0% (Prev. 9.3%)

europe uk china france japan french germany russia chinese european joe biden ukraine german russian market european union white house trade turkey bitcoin wall street speech spot crypto euro venezuela taiwan governor ukrainian evans beijing north korea fed shanghai fx usd chernobyl nasdaq rub defence reuters belarus russia ukraine spr commodities copper north korean volodymyr zelenskyy geopolitics al jazeera ukraine russia apac dow jones ez ria cautious exp mariupol equities holders indo pacific us state department donbas nfp pressured fixed income asx boj prev nikkei iea iaea commerce department indecisive wti zaporizhzhia data points tass russian president putin cny belgorod foreign ministry us trade kramatorsk uk ministry eurobonds pboc eurusd hang seng dxy pdvsa euro stoxx jpy usd jpy gbpusd sloviansk interfax bunds industry minister jgbs

Euro Market Open: Cautious trade into month-end though Europe points higher, crude pressured

Play Episode Listen Later Mar 31, 2022 4:43

APAC stocks traded cautiously at month-end following the weak lead from the US; S&P 500 -0.6%.Ukrainian negotiator said peace talks between Russia and Ukraine will resume online on April 1st.DXY attempted to nurse losses but remains on a 97 handle, JPY lags in the G10 FX space as USD/JPY trims losses.US President Biden's administration is considering a 'massive' release of oil to combat inflation, according to Bloomberg.European equity futures are indicative of a higher open with the Euro Stoxx 50 future up 0.5% after the cash market closed lower by 1.1% yesterday.Looking ahead, highlights include UK GDP, German Retail Sales & Unemployment, US IJC, PCE Price Index, OPEC+ Meeting, Speeches from Fed's Williams, ECB's Lane & de Guindos.US TRADEUS stocks traded negative as doubts grew regarding the progress from Russia-Ukraine talks with Russian forces not showing signs of a withdrawal.S&P500 -0.6% at 4,603, Nasdaq 100 -1.1% at 15,071, Dow Jones -0.2% at 35,228, Russell 2000 -2.0% at 2,091.NOTABLE US HEADLINESFed's George (2022 voter) said the possibility for yield curve inversion should factor into Fed balance sheet chat and that Fed holdings should fall 'significantly', allowing longer-term rates to increase along with increases in short term policy rates. George added inversion has implications for financial stability and she is less concerned about its value as a predictor of a recession, while she also stated that the policy rate could be increased in a "steady, deliberate" manner as the Fed monitors the impact on the economy, inflation and demand, according to Reuters.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian negotiator said peace talks between Russia and Ukraine will resume online on April 1st and Ukraine requested the countries' two leaders should meet in the latest round of talks, but Russia argued that additional work on a draft treaty was needed, according to Reuters.Russia announced a ceasefire to evacuate residents of Mariupol in which a humanitarian corridor from Mariupol to Zaporizhzhia, via the Russian-controlled port of Berdiansk, will begin at 10:00 am local time today.Ukrainian President Zelenskiy spoke to US President Biden and shared an assessment of the situation on the battlefield and at the negotiating table while they discussed specific defensive support, a new package of enhanced sanctions, macro-financial and humanitarian aid, according to Reuters.Russian Foreign Minister Lavrov said Kyiv understands Crimea and Donbass issues are definitively resolved, while he noted the outcome of talks with Ukraine in Istanbul is positive progress but not yet a final outcome, according to Interfax.Ukraine spokesperson tweeted that Russia's Foreign Minister Lavrov demonstrates a misunderstanding of the negotiation process and that the issues of Crimea and Donbas will be settled for good after Ukraine restores its sovereignty over them.French Foreign Minister Le Drian said that negotiations between Russia and Ukraine have not advanced, according to Reuters.DEFENCE/MILITARYUkrainian President Zelensky said they will not make any concessions and will fight for every part of their land and all their people, while a presidential adviser noted that guarantor states include the provision of military and humanitarian assistance within three days of any aggression, according to AJABreaking.US Pentagon said the US expects Russia to refit and resupply troops to redeploy them into Ukraine and suggested it looks like Russian President Putin has not been 'fully' informed by MoD at every turn over the prior month, while it added that some Russian troops are going to Belarus, according to Reuters.US official said "newly declassified intelligence finds Russia President Putin has felt misled by the Russian military, and there is now persistent tension between Putin and the MoD", according to Voice of America.UK GCHQ Director Fleming is to say that it looks like Russian President Putin hugely misjudged the situation in Ukraine and that "Demoralised Russian soldiers in Ukraine have accidentally shot down their own aircraft, sabotaged their kit and refused to carry out orders". Furthermore, the GCHQ chief said some Russian soldiers in Ukraine have been short of weapons and morale is low, while Russia's choice to align with China after invading Ukraine has made Beijing more powerful and Russia could ultimately be squeezed out of the equation by China in the long-term on the global stage, according to Reuters.Governor of Ukraine's Donetsk region said there is continued shelling of all settlements along the demarcation line and the evacuation of civilians from Mariupol likely failed on Wednesday.ENERGY/ECONOMIC SANCTIONSWhite House said the Biden admin continues to look at options for further Russian sanctions, according to Reuters.US official said India should not 'significantly' increase Russian oil imports against prior years and that India will expose itself to a 'great risk' if it notably raises imports of Russian oil, although the US favours India purchasing Russian oil at discounts and is not against India settling trade with Russia in Rupees, according to Reuters. It was separately reported by Twitter sources including ET NOW that Russia is offering oil to India at a discount of around USD 35/bbl.European Commission is readying new sanctions against the Kremlin over Russia's invasion of Ukraine which could be ready as early as next week and the size of new measures depends on Russia's stance on gas payments in Roubles, according to Reuters citing EU sources.German government spokesperson said following a call between German Chancellor Scholz and Russian President Putin that the G7 agreement remains in which energy supplies from Russia will be paid in Euros or Dollars, as agreed in contracts. President Putin told Scholz payments would continue in Euros and go to Gazprom-bank which is not affected by sanctions where the bank would then convert money into roubles, while Scholz did not agree with this in the phone call and asked for a written explanation.Dutch PM Rutte said a peace deal with loss of Ukrainian territory and sovereignty will not automatically end sanctions.Australia is to apply a 35% tariff on all imports from Russia and Belarus, according to 10 News First.FUND/SOVEREIGN/OTHER NEWSCBR lifted the ban on short-selling on the stock market for March 31st, according to RIA.Russia and Belarus bonds are to be excluded from 11 S&P Dow Jones Indexes.Russian hackers recently tried to penetrate the networks of NATO and eastern European militaries, according to Google's Threat Analysis Group cited by Reuters.OTHERWhite House said Iran-related sanctions announced on Wednesday will delay a nuclear deal and the sanctions will remain in place even if a nuclear deal is reached, according to Reuters.Russian Foreign Minister Lavrov said Russia considers the presence of US and NATO military infrastructure in countries bordering Afghanistan as unacceptable, according to Tass.APAC TRADEEQUITIESAPAC stocks traded cautiously at month-end following the weak lead from the US due to increased Russia-Ukraine scepticism and as the region digested disappointing Chinese PMI data.ASX 200 was kept afloat by outperformance in the mining and materials industries although upside was capped as the tech sector suffered from profit-taking and with energy hit by a drop in oil prices.Nikkei 225 traded indecisively amid a choppy currency and after Industrial Production data missed forecasts.Hang Seng and Shanghai Comp. were subdued following the weak Chinese PMI data and with the mood in stocks not helped by the US SEC chief casting doubt regarding an imminent deal to avert a delisting of Chinese stocks.European equity futures are indicative of a higher open with the Euro Stoxx 50 future up 0.5% after the cash market closed lower by 1.1% yesterday.FXDXY attempted to nurse some of the prior day's losses but with upside capped amid slightly softer yields. DXY remains sub-98.00.EUR/USD initially extended on the gains from the hot German CPI data but returned flat on late dollar reprieve.GBP/USD continued to fade yesterday's gains after taking a backseat to recent euro strength.USD/JPY has continued to pick-up from yesterday's 121.31 low and is now back on a 122 handle.Antipodeans were pressured in late trade amid the cautious mood and decline in oil prices.FIXED INCOME10yr USTs were underpinned as yields eased and with lower oil prices helping alleviate some inflationary woes.Bunds remained subdued near the 157.00 level following the recent hot inflation data from Germany.10yr JGBs were rangebound with only mild support following firmer demand at the 2yr auction.COMMODITIESWTI and Brent declined heavily on news of a potential US SPR release totalling 180mln bbls.US President Biden's administration is considering a 'massive' release of oil to combat inflation and may release up to 1mln bpd for months from the strategic reserve in which the total release could be 180mln bbls, according to Bloomberg.US President Biden will deliver remarks today at 13:30EDT/18:30BST regarding the administration's actions to reduce gas prices in the US, according to the White House. It was also reported that the US mulls permitting summertime sales of higher ethanol blends of gasoline to ease pump prices, according to Reuters sources.IEA called an emergency ministerial meeting for Friday, according to the Australian Energy Minister's office. It was later reported that IEA countries are to decide on a collective oil release, according to New Zealand's Energy Minister's officeOPEC+ JTC replaced IEA reports with Wood Mackenzie and Rystad Energy as secondary sources to assess crude oil output and conformity, according to sources cited by Reuters.Spot gold saw mild losses as the greenback found some relief from recent selling pressure.Copper prices were weaker amid the cautious risk sentiment and disappointing Chinese PMI data.CRYPTOBitcoin was indecisive with prices relatively unchanged heading into the European morning.NOTABLE APAC HEADLINESPBoC injected CNY 150bln via 7-day reverse repos with the rate at 2.10% for a CNY 130bln net injection.PBoC set USD/CNY mid-point at 6.3482 vs exp. 6.3467 (prev. 6.3566)US SEC chief cast doubt regarding an imminent deal to avert delisting of Chinese stocks from US exchanges, according to Bloomberg. However, CSRC said it is continuing its discussions with US SEC on the Holding Foreign Companies Accountable Act and that both sides are willing to solve the audit dispute in which the outcome depends on the wisdom of both parties.Japanese Chief Cabinet Secretary Matsuno said sharp FX moves are not desirable, while they are closely watching how FX moves and recent JPY weakening could impact Japan's economy with a sense of urgency. Matsuno added the government will take appropriate steps on FX policies in close communication with the US and other currency authorities based on international agreements.DATA RECAPChinese NBS Manufacturing PMI (Mar) 49.5 vs. Exp. 49.9 (Prev. 50.2)Chinese NBS Non-Mfg PMI (Mar) 48.4 (Prev. 51.6)Chinese Composite PMI (Mar) 48.8 (Prev. 51.2)Japanese Industrial Production MM SA (Feb) 0.1% vs. Exp. 0.5% (Prev. -0.8%)Australian Building Approvals (Feb) 43.5% vs. Exp. 10.0% (Prev. -27.9%, Rev. -27.1%)EUROPEDATA RECAPUK Lloyds Business Barometer (Mar) 33 (Prev. 44)

america australia europe google china voice japan germany russia chinese european joe biden ukraine german russian market european union new zealand white house afghanistan trade bitcoin iran rev vladimir putin spot crypto points governor ukrainian nato beijing bloomberg fed dollars kyiv istanbul fx usd euros unemployment nasdaq reuters belarus russia ukraine g7 commodities copper kremlin volodymyr zelenskyy geopolitics speeches european commission mod crimea scholz apac dow jones ria cautious exp mariupol ecb equities crude donbas donetsk donbass gazprom pressured fixed income asx prev nikkei p500 iea cbr wti zaporizhzhia rupee tass russian president putin gchq cny us trade news first pboc energy minister eurusd hang seng us sec dxy euro stoxx jpy wood mackenzie uk gdp industrial production usd jpy gbpusd interfax bunds matsuno german chancellor scholz foreign minister lavrov jgbs pce price index

Euro Market Open: Softer open indicated after a mixed handover amid differing geopolitical updates

Play Episode Listen Later Mar 30, 2022 5:04

APAC stocks traded mostly positive following the strong lead from the US which was spurred by Ukraine/Russia optimism. A western official said they haven't seen anything so far that has demonstrated Russia is particularly serious about peace talks.The DXY remains subdued following yesterday's declines, USD/JPY has continued to fade recent gains. European equity futures are indicative of a softer open with the Euro Stoxx 50 future down 0.4% after the cash market closed higher by 3.0% yesterday.Looking ahead, highlights include German CPI Prelim, US ADP & GDP (Final/Q4), Speeches from Fed's Barkin, Bostic & George, ECB's Lagarde, BoE's Broadbent, Supply from Italy.US TRADEUS stocks finished positive with risk appetite spurred by optimism post-Russia/Ukraine talks and after Russia suggested it would be withdrawing some troops, while both sides alluded to prospects of a Putin-Zelensky meeting.S&P 500 +1.2% at 4,633, Nasdaq 100 +1.7% at 15,239, Dow Jones +1.0% at 35,294, Russell 2000 +2.7% at 2,133.NOTABLE US HEADLINESFed's Bullard (2022 voter, 50bp dissenter) reiterated that he favours raising the FFR to 3% by year-end and is in favour of implementing a plan to quickly reduce the size of the Fed's balance sheet, while he added the extent and pace of these actions can be adjusted if macroeconomic conditions evolve differently than what they expect, according to the St Louis Fed.Fed's Harker (temp voter) said the Fed 'collectively underestimated' impact fiscal spending would have on inflation and he would not take a 50bps rate hike off the table for the next meeting but is not committing to it either. Harker stated that developments in China is "another wrench" in the supply chain and could make a 50bps hike more likely appropriate, while he noted a balance sheet reduction could add the equivalent of two quarter-point rate increases and that they can move methodically to a neutral rate of around 2.5% then assess what more may be required, according to Reuters.Fed's Bostic (2024 voter) said the Ukraine war is impacting inflation and increases uncertainty which is a risk for demand. Bostic stated the Fed is withdrawing policy support to allow the economy to stand on its own but added it could harm the economy if the Fed moves too quickly, while he reiterated that he favours six hikes for 2022.US Senate voted to move the Fed nomination of Lisa Cook forward to a confirmation vote. (Newswires)GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian President Zelenskiy said signals from Russia talks could be called positive but do not drown out the explosions of Russian shells and they see no reason to trust words from "certain representatives of a power that continues to fight for our destruction". Zelensky also said they are not reducing defensive efforts as the Russian army still has significant potential to carry out attacks, according to Reuters.US President Biden said "we'll see" about Russia's de-escalation statement and will have to see if Russia follows through but the US will continue to keep strong sanctions and help the Ukraine military, according to Reuters.French President Macron discussed the Ukraine situation with Russian President Putin in a phone call and Macron told Putin paying gas contracts in Roubles was not possible, according to a French Presidency official. Furthermore, Macron brought up the topic of carrying out a humanitarian mission for Mariupol with Putin although conditions are not in place for now and Russia's position on a humanitarian mission for Mariupol remains tough but Putin told Macron he would think about it, according to Reuters.DEFENCE/MILITARYUS Department of Defense confirmed there has been some movement by small amounts of Russian forces away from Kyiv but reiterated this is repositioning and not a withdrawal, while it added that Russia is spinning a lack of progress as the next steps and the threat to Kyiv isn't over despite Russian talk. Furthermore, it stated that Russian President Putin's goals still stretch beyond the Donbass and that a small number of Russian troops leaving Kyiv are moving north for now and are to be used elsewhere in Ukraine, according to Reuters.US official said the US believes any movement of Russian forces from around Kyiv is a "redeployment, not a withdrawal" and said the world should be prepared for a continuation of major offensives in other areas in Ukraine as Russia is shifting gears, according to Reuters.A western official said they haven't seen anything so far that has demonstrated Russia is particularly serious about peace talks and seems to be more of a tactical exercise to play for time, according to Reuters.US is mulling sending another USD 500mln of humanitarian aid to Ukraine which could be used for military purposes, according to Bloomberg.ENERGY/ECONOMIC SANCTIONSWhite House said they will continue to intensify sanctions on Russia and they are not going to run out of options anytime soon, according to Reuters.Russia is studying the possibility of importing equipment for the fuel and energy complex through friendly countries, according to Interfax.FUND/SOVEREIGN/OTHER NEWSUS State Department warned that Moscow may detain Americans in Russia, while it issued a Level 4 travel advisory for Ukraine and stated 'do not travel' to Ukraine, according to AFP.Russian grain exporters reportedly may request payment in Roubles, according to Kommersant.OTHERSaudi-led coalition announced it is halting military operations in Yemen for the month of Ramadan to help negotiations succeed, with operations halted from this Wednesday, according to the Saudi state news agency.APAC TRADEEQUITIESAPAC stocks traded mostly positive amid optimism from Russia-Ukraine talks in which negotiators discussed a ceasefire and with Russia to scale down military activity in Kyiv and Chernihiv, although the US was unconvinced.ASX 200 gained on continued tech strength and with consumer stocks helped on Budget support measures.Nikkei 225 fell beneath the 28,000 level after weaker than expected Retail Sales and as the Yen nursed losses.Hang Seng and Shanghai Comp. were underpinned after continued PBoC liquidity efforts and amid a deluge of earnings including from large banks in which Bank of China and China Construction Bank both topped estimates.US equity futures took a breather following yesterday's advances.European equity futures are indicative of a softer open with the Euro Stoxx 50 future down 0.4% after the cash market closed higher by 3.0% yesterday.FXDXY remained subdued after the prior day's retreat beneath the 99.00 level as yields eased and with risk sentiment underpinned by hopes surrounding the Russia-Ukraine talks.EUR/USD strengthened above 1.1100 amid hopes of a de-escalation in Ukraine.GBP/USD lacked direction after yesterday's choppy mood with the pair stuck around the 1.3100 level.USD/JPY continued to fade recent advances with the pair slipping to a low of 121.31 overnight vs. 125.10 on Monday.Antipodeans benefitted from the risk tone with NZD outperforming on cross-related flows and encouraging data which showed an improvement in Building Permits and Business Activity Outlook.SNB's Vice Chair Zurbruegg said vulnerabilities have increased in the swiss real estate market and Swiss apartments are overvalued by 10-35%, while the SNB will monitor developments in the real estate market, according to Reuters.FIXED INCOME10yr USTs extended on the prior day's gains as yields eased and with the recent declines in oil prices helping alleviate some of the inflationary concerns. 2s10s inverted (briefly) for the first time since 2019, whilst a mixed 7yr auction had little follow-throughBunds continued to recoup recent losses to test the 158.00 level to the upside.10yr JGBs were underpinned after the BoJ boosted today's regular buying operations for various maturities and conducted a special operation for unlimited JGBs, while it later announced emergency purchases to cap yields.COMMODITIESWTI and Brent nursed the losses from yesterday's intraday drop after Ukraine/Russia optimism weighed heavily on oil, with prices well of their lows amid skepticism from the US on Russia scaling down operations.US Energy Inventory Data (bbls): Crude -3.0mln (exp. -1.0mln), Gasoline -1.4mln (exp. -1.7mln), Distillate -0.2 (exp. -1.6mln), Cushing -1.1mln.US House Energy and Commerce Committee is to hold a hearing next week with six oil company executives regarding rising gas prices, according to Reuters.Spot gold traded sideways and only marginally benefitted from the weaker greenback.Copper was higher amid the constructive risk tone.CRYPTOBitcoin was choppy overnight with prices relatively flat heading into the European morning.NOTABLE APAC HEADLINESPBoC injected CNY 150bln via 7-day reverse repos with the rate at 2.10% for a CNY 130bln net injection.PBoC set USD/CNY mid-point at 6.3566 vs exp. 6.3478 (prev. 6.3640)Chinese city of Xuzhou has declared a three-day lockdown from WednesdayBoJ Governor Kuroda said he discussed a post-COVID global economy, Russia and Ukraine with PM Kishida, as well as talked about the economy and financial markets in Japan and abroad with the PM. Kuroda told Kishida FX moves should reflect economic fundamentals but they did not discuss anything in particular on FX and don't think that a monetary adjustment would have a direct impact on currencies. Furthermore, Kuroda said the yen is weakening but is driven partly by buying the dollar for energy imports and with higher US rates also a factor.BoJ announced to buy JPY 600bln in 3yr-5yr JGBs, JPY 725bln in 5yr-10yr JGBs, JPY 150bln in 10yr-25yr JGBs, JPY 100bln in 25yr+ JGBs and JPY 60bln in inflation-indexed JGBs, while it also offered to buy an unlimited amount of 10yr JGBs at a fixed rate of 0.25%. The BoJ later announced an emergency operation to buy JPY 500bln in 5yr-10yr JGBs, JPY 100bln in 10yr-25yr JGBs and JPY 50bln in 25yr+ JGBs, according to Reuters.DATA RECAPJapanese Retail Sales YY (Feb) -0.8% vs. Exp. -0.3% (Prev. 1.6%, Rev. 1.1%)New Zealand Building Consents (Feb) 10.5% (Prev. -9.2%, Rev. -8.7%)New Zealand NBNZ Business Outlook* (Mar) -41.9% (Prev. -51.8%)New Zealand NBNZ Own Activity* (Mar) 3.3% (Prev. -2.2%)EUROPENOTABLE EUROPEAN HEADLINESUK ministers are reportedly mulling a fourth delay of the introduction of full checks on imports from the EU in a move to tackle trade friction and the cost of living crisis, according to FT citing officials briefed on talks.DATA RECAPUK BRC Shop Price Index YY (Mar) 2.1% (Prev. 1.8%)

covid-19 europe uk china japan americans russia chinese european joe biden ukraine italy russian market european union white house bank budget defense bitcoin rev vladimir putin spot crypto euro mixed amid moscow bloomberg supply swiss fed kyiv fx ramadan saudi usd nasdaq macron yemen reuters russia ukraine us department us senate commodities zelensky copper geopolitics speeches geopolitical ukraine russia apac dow jones exp gasoline afp mariupol ecb equities crude us state department differing yen donbass cushing boe fixed income asx bullard boj prev retail sales nikkei lagarde softer harker wti handover broadbent russian president putin cny bostic commerce committee french president macron us trade pboc barkin snb eurusd hang seng dxy ffr euro stoxx jpy kuroda nzd usd jpy gbpusd lisa cook distillate interfax kommersant bunds china construction bank jgbs fed's bostic us adp

Euro Market Open: Firmer open indicated after a cautious APAC session, packed schedule ahead

Play Episode Listen Later Mar 24, 2022 4:49

APAC stocks traded cautiously after a soft close on Wall St. which saw the S&P 500 finish the session lower by 1.3%.The US will announce a package of sanctions designations on Russian political figures and oligarchs on Thursday.European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.2% after the cash market closed lower by 1.5% yesterday.DXY remains underpinned but sub-99.00, EUR/USD slipped below 1.10 and USD/JPY notched a fresh recent high at 121.48.Looking ahead, highlights include EZ, UK & US Flash PMIs, US IJC & Durable Goods, Policy Announcements from Norges Bank, SNB & SARB, Extraordinary NATO Summit & EU Council Meeting, Speeches from Fed's Waller, Evans, Bostic & Kashkari, ECB's Elderson.US TRADEUS stocks declined with broader market risk-aversion, accentuated by the latest rally in oil prices and further hawkish Fed rhetoric.S&P 500 -1.3% at 4,455, Nasdaq 100 -1.4% at 14,448, Dow Jones -1.3% at 34,359, Russell 2000 -1.7% at 2,052.NOTABLE US HEADLINESFed's Bullard (2022 voter, 50bp dissenter) said direct macroeconomic effects on the US economy from Russia's invasion are not that large and it could easily be that Europe is pulled into recession as a result of the war. Bullard also said they can run down the balance sheet faster than last time and could look at selling assets later if they have to.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUK PM Johnson told Ukrainian President Zelenskiy that he intends to use Thursday's G7 and NATO meetings to increase pressure on Putin's regime and work with partners to substantively increase lethal aid to Ukraine.DEFENCE/MILITARYUK is to supply 6,000 missiles to Ukraine and GBP 25mln to help pay salaries of Ukrainian soldiers and pilots, while Sputnik found documents on the UK training Ukrainian soldiers for fighting in Donbass.The mayor of Mariupol, Ukraine has left the city, according to RIA. There were separate comments from a US official that Mariupol remains contested with Russia digging in and taking defensive positions.US senior defence official said there is no indication that the Belarusian military is preparing to join the war in Ukraine, according to VOA News.US senior Pentagon official said the Defense Secretary does not rule out the possibility of sending additional troops to reinforce NATO, according to Al Jazeera.Russian Foreign Ministry told the US that any hostile actions against Russia will provoke a decisive response, according to Interfax.Japan's government is considering announcing additional humanitarian aid of USD 100mln to Ukraine at the G7 and is considering doubling emergency loans to Ukraine to USD 200mln, while Japan is also looking into dispatching self-defence force medical officers to support Ukraine refugees, according to NHK.ENERGY/ECONOMIC SANCTIONSUS National Security Adviser Sullivan said the US will announce a package of sanctions designations on political figures and oligarchs on Thursday, while the US assesses that members of Russian forces have committed war crimes in Ukraine. Sullivan added that sanctions and China will be discussed in Biden's meeting with the European Council.The White House held off from sanctioning Russian Oligarch Abramovich as Ukraine President Zelenskiy advised President Biden to wait as he might be an important go-between with Russia in helping to negotiate peace, according to WSJ.Russian Deputy PM Novak said Europe not buying gas won't cause an apocalypse, according to Tass.US Senator Cornyn met with Treasury Secretary Yellen to discuss Russian gold sanctions.OTHER NEWS/REMARKSRussian President Putin's risk of a coup by Russian security services is increasing every week, according to a whistleblower cited in The Times, who noted discontent in the FSB since the "botched" Ukraine invasion.US Embassy in Russia received a list of diplomats declared persona non grata from the Russian Foreign Ministry, while the US called on Russia to end the expulsion of US diplomats and staff.Australian PM Morrison said he raised concerns about the possibility of Russian President Putin attending the G20 meeting in Indonesia in November.Anonymous collective tweeted it hacked the Central Bank of Russia and that files will be released within 48 hours with secret agreements.FUND/SOVEREIGN ACTIONFitch announced it is to withdraw ratings on Russian entities.Morningstar Indexes said it will reclassify Belarus from emerging market status to unclassified and will remove Belarusian securities at the price of zero at March 31st rebalancing. Furthermore, Russian and Belarusian securities will remain ineligible for all Morningstar fixed income indexes until further notice and that Russian securities will be removed at a price of zero on March 31st for all fixed income indexes.OTHERNorth Korea fired an unidentified projectile off the east coast, according to the South Korean military, while Japan's coast guard suggested it may be a ballistic missile.APAC TRADEEQUITIESAPAC stocks traded cautiously after the losses in global peers as rising oil prices stoked growth concerns and with sentiment not helped by further hawkish Fed rhetoric.ASX 200 recouped early losses as energy the sector and mining stocks cheered recent commodity gains.Nikkei 225 initially retreated below 28k but then saw a late rebound to keep its winning streak intact.Hang Seng and Shanghai Comp. conformed to the risk-averse mood after the PBoC drained liquidity and amid weakness in tech, with the worst-performing stocks in Hong Kong dragged lower by recent earnings.US equity futures nursed some of the prior day's losses; ES +0.4%European equity futures are indicative of a slightly higher open with the Euro Stoxx 50 future up 0.2% after the cash market closed lower by 1.5% yesterday.FXDXY was underpinned by the risk aversion and after continued hawkish Fed rhetoric.EUR/USD gave up the 1.1000 handle again amid a firmer greenback and the rate differential dynamic.GBP/USD trades on the backfoot below 1.32 following yesterday's Spring Statement.USD/JPY was kept afloat above 121.00 despite the cautious risk tone and outdated BoJ minutes.Antipodeans were lacklustre amid the subdued overnight sentiment and as commodities slightly eased.FIXED INCOME10yr USTs pulled back after yesterday's bull flattening and strong 20yr bond auction.Bunds faded some of yesterday's gains and dipped beneath 160.0010yr JGBs were subdued amid slightly softer demand at the enhanced liquidity auction for up to 20yr JGBs.COMMODITIESWTI and Brent took a breather from the recent rally spurred by the CPC pipeline damage.Eastbound gas flows via Yamal-Europe pipeline from Germany to Poland declined, according to Gascade.Spot gold was restricted amid a firmer dollar.Copper traded sideways near yesterday's best levels.CRYPTOBitcoin was indecisive overnight with price action choppy around the USD 43,000 level.NOTABLE APAC HEADLINESPBoC injected CNY 20bln via 7-day reverse repos with the rate at 2.10% for a CNY 60bln net drainPBoC set USD/CNY mid-point at 6.3640 vs exp. 6.3635 (prev. 6.3558)USTR determined to reinstate 352 of 549 eligible product exclusions under consideration from China section 301 tariffs and will be effective retroactively from Oct 12th, 2021 through Dec 31st, 2022.US Commerce Secretary Raimondo said the US is absolutely prepared to enforce US export controls if Chinese semiconductor makers send chips with US tech to Russia and enforcement tools could cause severe consequences to Chinese firms and essentially shut them down.Singapore PM Lee announced to double group sizes to 10 and that wearing masks outdoors will now be optional, while they will lift most restrictions for fully vaccinated visitors entering Singapore and the Transport Minister said that all fully vaccinated travellers will be permitted to enter quarantine-free from April 1st.BoJ minutes from the January meeting noted that members said they will not hesitate to add easing if necessary and a member noted that easing was still needed as inflation expectations are not anchored yetDATA RECAPJapanese Manufacturing PMI (Mar P) 53.2 (Prev. 52.7)Japanese Services PMI (Mar P) 48.7 (Prev. 44.2)Japanese Composite PMI (Mar P) 49.3 (Prev. 45.8)Australian Manufacturing PMI Flash (Mar) 57.3 (Prev. 57.0)Australian Services PMI Flash (Mar) 57.9 (Prev. 57.4)Australian Composite PMI Flash (Mar) 57.1 (Prev. 56.6)

europe uk china japan germany russia chinese european joe biden ukraine russian market white house bitcoin hong kong wall street wall street journal vladimir putin spot crypto singapore euro indonesia poland ukrainian nato evans north korea fed pentagon anonymous packed fx usd nasdaq belarus russia ukraine south koreans g7 commodities copper g20 geopolitics fitch central banks speeches morningstar al jazeera waller sputnik apac dow jones ez ria cautious cpc mariupol ecb equities donbass us embassy nhk fixed income belarusian asx bullard boj prev nikkei european council fsb gbp defense secretary eastbound wti tass russian president putin cny bostic us trade spring statement pboc ustr transport minister snb eurusd hang seng dxy norges bank euro stoxx treasury secretary yellen usd jpy gbpusd durable goods russian foreign ministry interfax bunds jgbs

Euro Market Open: Positive APAC trade following the US' lead, USD/JPY continues to climb

Play Episode Listen Later Mar 23, 2022 5:01

APAC stocks were positive as the region took encouragement from the strong US and European leads.Fed's Mester (2022 voter) said she thinks 50bps increases will be needed at some meetings based on her forecasts.DXY hovers around 98.50, USD/JPY extended its rise to 121.40, GBP is on the front-foot ahead of the Spring Statement.WTI and Brent gained as storm damage to the CPC pipeline could impact up to 1mln bpd of supply.Looking ahead, highlights include UK CPI, US New Home Sales, EZ Consumer Confidence (Flash), Australian Flash PMIs, UK Spring Statement, BoJ Minutes, Speeches from ECB's Lagarde, Fed's Bullard & Fed's Daly, US 20yr Auction.US TRADEUS stocks finished higher in which the more speculative/oversold sectors led the charge despite the continued rise in yields and lack of fresh developments on the Russia-Ukraine front.S&P 500 +1.1% at 4,512, Nasdaq 100 +1.9% at 14,654, Dow Jones +0.74% at 34,807, Russell 2000 +1.1% at 2,088.NOTABLE US HEADLINESFed's Mester (2022, 2024 voter) said she fully supports the Fed's actions last week and that raising the Fed Funds Rate to about 2.5% this year will be appropriate, with further hikes next year. Mester added that front-loading rate hikes is appealing and they can slow or speed up in H2 depending on data, while she doesn't think a 50bps rate hike should be off the table and thinks 50bps increases will be needed at some meetings based on her forecasts.Fed's Daly (2024 voter) said inflation is too high and that there are two supply chain shocks further pushing up on inflation. Daly added the main risk she sees is inflating pressure which is more than the Fed wanted, needed, or thought of three months ago. Furthermore, Daly said it is time to remove accommodation and get up to neutral, while she is looking at if they need to go over neutral.White House Press Secretary Psaki said she has tested positive for COVID-19, while she had two socially distanced meetings with US President Biden on Monday and he tested negative on Tuesday.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian President Zelensky said talks with Russia are difficult and sometimes confrontational, while he also commented that 100k people are living in Mariupol under inhumane conditions without food, water or medicine.Ukrainian President Zelensky is to take part virtually in the NATO summit on Thursday, with details to be worked out, according to Interfax Ukraine citing a press aide.DEFENCE/MILITARYKremlin spokesman Peskov said Russia would only use nuclear weapons if its very existence were threatened.US Department of Defense spokesperson Kirby said there had been no decision on permanent troop levels in Eastern Europe and that Russian vessels are contributing to the bombardment of Mariupol.UK Ministry of Defence said the Ukrainian civilian population in Russian-occupied cities continue to protest against Russian control, while Russia's efforts to subdue population have failed and it will probably employ increasingly violent and coercive measures.US NEC Director Deese said they have seen some Russian cybersecurity threat in Ukraine that has spilt over and had some impact on European and American companies.ENERGY/ECONOMIC SANCTIONSUS President Biden is to announce sanctions on more than 300 members of Russia's lower chamber of parliament as soon as Thursday, according to WSJ citing administration officials.US National Security Adviser Sullivan said President Biden will join partners in imposing additional sanctions on Russia and tighten existing ones, while he added that President Biden will announce joint action on enhancing European energy security and reducing its dependence of Russian gas.US Senators are to discuss freezing Russian gold assets with US Treasury Secretary Yellen, according to Axios.FUND/SOVEREIGN ACTIONRussian Central Bank said stock market trading will remain closed on Wednesday, according to Interfax.APAC TRADEEQUITIESAPAC stocks were positive as the regional bourses took impetus from Europe and the US where stocks gained despite the continued upside in yields and lack of fresh developments on the Ukrainian front.ASX 200 was led higher by tech and financials but with upside capped by weakness in miners.Nikkei 225 surged on ongoing currency weakness and reclaimed the 28,000 level.Hang Seng and Shanghai Comp. were underpinned as tech stocks gained including Xiaomi post-earnings and buyback announcement, while ZTE surged as much as 60% on a favourable court ruling.US equity futures marginally extended on the prior day's gains.European equity futures are indicative of a firmer open with the Euro Stoxx 50 future up 0.9% after the cash market closed higher by 1.1% yesterday.FXDXY was uneventful and languished below 98.50 despite the continued hawkish Fed rhetoric.EUR/USD held on to most of the prior day's gains at the 1.1000 handle amid a lacklustre greenback.GBP/USD edged higher amid the US-UK steel agreement, while focus turns to the Spring statement.USD/JPY continued its upward trend to above 121.00 on widening yield differentials.Antipodeans were kept afloat by their high beta statuses but with upside capped amid a quiet calendar.FIXED INCOME10yr USTs extended beneath 123.00 after the recent bond rout and continued rise in yields.Bunds remained pressured but with downside stemmed by support at yesterday's low.10yr JGBs lacked demand amid the outperformance in Tokyo stocks, although the downside was stemmed amid the BoJ purchasing over JPY 1.3tln of JGBs with 1yr-10yr maturities.COMMODITIESWTI and Brent gained as storm damage to the CPC pipeline could impact up to 1mln bpd of supply.US Energy Inventory Data (bbls): Crude -4.3mln (exp. +0.1mln), Cushing +0.6mln, Gasoline -0.6mln (exp. -2.0mln), Distillate -0.8mln (exp. -1.4mln)Pipeline operator CPC said two of three mooring points in Russia's Novorossiysk were damaged by a storm, while CPC may reduce oil transportation by two thirds and repairs are likely to take an extended period of time, according to reports in Interfax and Tass.Black Sea crude exports face a prolonged outage as repairs may take as long as two months with the outage at 1mln bpd, according to Energy Intel's Bakr.BoE and ECB have been talking with energy trading firms on market strains but are unlikely to provide immediate support, according to FT sources.Belgium PM Croo says the EU needs to make a combined effort to secure large quantities of gas, to avoid competition for bilateral deals, suggesting a solidarity mechanism and a ceiling on gas prices, according to the FT.Spot gold traded rangebound amid the uneventful greenback.Copper returned flat after prices faded the early marginal gains.Ukraine's 2022 spring crop sowing area could be slashed to 7mln hectares from 15mln, while it is mulling lifting export licence requirements for corn and sunflower oil for the 2021/22 season, according to the agricultural minister cited by Reuters.CRYPTOBitcoin weakened overnight in which prices briefly fell below the USD 42,000 level.NOTABLE EUROPEAN HEADLINESUK and US agreed to allow historically-based sustainable levels of steel and aluminium goods from the UK to enter the US without being subject to Section 232 tariffs, effective June 1st. Furthermore, the UK will suspend retaliatory tariffs on US products including whiskey, blue jeans and motorcycles which would lift retaliatory tariffs on more than USD 500mln of American goods.UK Treasury sources have warned that Chancellor Sunak's room for manoeuvre is limited with inflation expected to stay high for months. Sources added that a fuel duty reduction of less than GBP 0.05/litre is anticipated, according to The Times.The UK government is said to be drawing up contingency plans for a potential collapse of Russia's Gazprom's UK-based global energy trading business, according to The Times.NOTABLE APAC HEADLINESPBoC injected CNY 20bln via 7-day reverse repos with the rate at 2.10% for a CNY 10bln net injection.PBoC set USD/CNY mid-point at 6.3558 vs exp. 6.3522 (prev. 6.3664)Japanese PM Kishida is likely to order compiling an additional economic stimulus package by month-end to cushion the impact from rising oil and goods prices, according to Yomiuri.IMF's Rhee was nominated for the BoK Governor position by outgoing South Korean President Moon.

covid-19 american europe uk spring russia european joe biden ukraine russian market european union positive trade defense bitcoin tokyo wall street journal spot crypto euro ukrainian nato fed climb pipeline fx usd eastern europe nasdaq defence auction reuters russia ukraine us department commodities copper kremlin imf volodymyr zelenskyy geopolitics speeches daly xiaomi axios apac dow jones gasoline black sea cpc mariupol ecb us senators equities crude gazprom cushing boe fixed income asx bullard us uk boj nikkei lagarde gbp zte wti rhee tass cny mester us trade spring statement uk ministry pboc eurusd fed funds rate hang seng dxy euro stoxx uk treasury jpy bakr usd jpy gbpusd peskov distillate interfax bunds uk cpi jgbs us treasury secretary yellen

Euro Market Open: Positive APAC post-Powell induced US pressure, amid yield & crude upside

Play Episode Listen Later Mar 22, 2022 5:37

APAC stocks were mostly positive following a predominantly soft close in the US; Nasdaq 100 -0.3%.Fed Chair Powell said if the FOMC needs to raise the Fed Funds Rate by more than 25bps at a meeting or meetings, they will do so.Ukrainian President Zelenskiy said he's prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future down 0.3% after the cash market closed lower by 0.5% yesterday.DXY is firmer post-Powell with the US 10yr yield north of 2.3%; USD/JPY breached 120.00.Looking ahead, highlights include NBH Policy Announcement, Speeches from Fed's Williams, Daly & Mester, ECB's Lagarde, Lane, de Guindos & Panetta, Supply from Germany.US TRADEUS stocks finished mainly negative albeit off lows with sentiment pressured as yields spiked higher amid rising oil prices and hawkish Fed rhetoric, while Russia also downplayed progress in peace talks.S&P 500 Unch. at 4,461, Nasdaq 100 -0.3% at 14,376, DJIA -0.6% at 34,553, Russell 2000 -0.9% at 2,065.NOTABLE US HEADLINESFed Chair Powell said if they need to raise the Fed Funds Rate by more than 25bps at a meeting or meetings, they will do so, and that the balance sheet reduction could come as soon as May but no decision has been made. Powell also stated if they determine that they need to tighten beyond common measures of neutral and into a more restrictive stance, they will do that as well, while he added that risk is rising that an extended period of high inflation could push longer-term expectations uncomfortably higher and the Fed needs to move expeditiously to combat that. Furthermore, Powell said he does not have a test for what would trigger a 50bps hike and reiterated they will move quicker if needed.Goldman Sachs now expects the Fed to hike by 50bps at the May and June meetings, as well as announce the start of the balance sheet reduction in May, while it also sees four 25bps hikes in H2 but added that the Ukraine war and tight financial conditions are risks to the rate call.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSUkrainian President Zelenskiy said a meeting with Russian President Putin is vital to determine Russia's position on ending the war, according to Interfax. President Zelensky also said that he's prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire, withdrawal of Russian troops and a guarantee of Ukraine's security, according to AP.White House said European leaders discussed conducting calls on a regular basis and discussed Russia's "brutal" tactics in Ukraine during their call on Monday, while the US wants to hear China condemn Russia's actions.UN General Assembly's special session on Ukraine will resume on Wednesday after a relevant request, according to Sputnik.DEFENCE/MILITARYUS President Biden said Ukraine is fighting valiantly and using equipment from the US, while he added Russian President Putin's back is against the wall and he is talking about new false flags such as biological weapons. President Biden also suggested this is a clear sign that President Putin is considering both biological and chemical weapons, while he added that Russia may be planning a cyber attack against the US.UK Ministry of Defence said Russia claimed it fired a number of hypersonic missiles against Ukrainian targets and that its claims of using the developmental Kinzhal are highly likely intended to detract from lack of progress on the ground campaign.Ukrainian forces announced the recapture of the Makarev area west of Kyiv, according to Sky News Arabia.Ukrainian TV Channel PRM noted that Ukraine's ambassador to Warsaw said Poland understands all the threats from Russia and is preparing for a possible attack by the state, although the ambassador has not yet confirmed or denied the statement, according to Twitter and Daily Sabah.Russian military said 67 vessels from 15 countries remain blocked at Ukrainian ports due to mines, according to Russian press Tass.ENERGY/ECONOMIC SANCTIONSSupport for an EU-wide ban on the purchase of Russian oil is growing inside the bloc, according to diplomats cited by WSJ, although the report added that an agreement on any ban is far from locked in yet.US President Biden's senior aides believe that Russia is suffering a dramatic decline in oil sales that stands to deprive the Kremlin of a key source of government revenue, according to WaPo citing sources.EU's Borrell said the EU is ready to take further restrictive measures against Russia and that sanctions cannot come at an unaffordable cost to the EU, while leaders are to discuss what sanctions are possible.French Foreign Minister Le Drian and US Secretary of State Blinken agreed to continue strengthening sanctions against Russia and on the need to enhance the security of Ukraine's nuclear facilities.FUND/SOVEREIGN ACTIONRussia's coupon payment on sovereign bonds maturing in 2029 was processed by JPMorgan which worked with the US Treasury Department on necessary approvals, according to Reuters sources.S&P said it will withdraw ratings on all Russian entities.OTHERUS State Department said the US is prepared to make "difficult decisions" to return Iran's nuclear programme to its JCPOA limits, while it noted that an agreement is neither imminent nor is it certain on a return to the Iran deal and that the US is preparing equally for scenarios with and without a mutual return to the full implementation of the JCPOA.APAC TRADEEQUITIESAPAC stocks were mostly positive with the region shrugging off the higher yields and oil advances.ASX 200 was led higher by strength in the commodity-related sectors including energy after further gains in oil.Nikkei 225 gained as exporters benefitted from a weaker currency and amid stimulus speculation.Hang Seng and Shanghai Comp. traded higher with outperformance among the blue-chip tech stocks including Alibaba after it boosted its share buyback to USD 25bln from USD 15bln and with oil majors underpinned.US equity futures were lacklustre overnight with price action rangebound.European equity futures are indicative of a slightly softer open with the Euro Stoxx 50 future down 0.3% after the cash market closed lower by 0.5% yesterday.FXDXY continued to strengthen following a jump in yields and the hawkish tone from Fed Chair Powell.EUR/USD was subdued after declining beneath its 200-Hour moving average and the 1.1000 handleGBP/USD continued its pullback overnight with short term resistance at 1.3150 and its nearby 100-Hour MA.USD/JPY climbed above 120.00 for the first time since February 2016.Antipodeans were rangebound with price action not helped by the soft consumer sentiment data.FIXED INCOME10yr USTs extended on the prior day's lows after the front and belly led yesterday's acute selling of the Treasury curve as oil prices rallied and after hawkish comments from Fed Chair Powell.Bunds retreated further below 160.00 with futures down around 2 points so far this week.10yr JGBs gapped beneath 150.00 on spillover selling, with the 10yr yield at 0.22% and nearing the BoJ's cap.COMMODITIESWTI and Brent extended on yesterday's firm gains as support increases for an EU-wide ban on Russian oil. Albeit, opposition from some member states remains.Spot gold was rangebound with price action contained by a firmer greenbackCopper prices were choppy overnight and failed to benefit from the mostly constructive risk tone.CRYPTOBitcoin gained overnight in which prices briefly reclaimed the USD 43,000 level.NOTABLE EUROPEAN HEADLINESECB's Rehn said the ECB should normalise policy without hurting growth and rate hikes from the ECB would depend on economic developments.NOTABLE APAC HEADLINESPBoC injected CNY 20bln via 7-day reverse repos with the rate at 2.10% for a CNY 10bln net injection.PBoC set USD/CNY mid-point at 6.3664 vs exp. 6.3635 (prev. 6.3677)US State Department is taking action against Chinese officials for involvement in repression of ethnic and religious minority groups with the US imposing visa restrictions on Chinese officials, according to Reuters.Japan was reported to be eyeing additional stimulus valued over JPY 10tln, according to Sankei, although Chief Cabinet Secretary Matsuno later stated they are not thinking about an economic stimulus package now.DATA RECAPNew Zealand Westpac Consumer Confidence (Q1) 91.2 (Prev. 99.1)

china japan germany russia chinese european joe biden ukraine russian market european union positive white house pressure bitcoin iran wall street journal vladimir putin spot crypto euro poland ukrainian amid nato supply fed powell kyiv fx goldman sachs usd treasury nasdaq defence reuters jp morgan upside russia ukraine alibaba commodities yield zelensky copper kremlin warsaw geopolitics speeches daly sputnik induced apac ecb equities crude us state department us secretary un general assembly wapo fomc fixed income asx boj prev nikkei lagarde dow jones industrial average albeit wti tass russian president putin cny mester borrell jcpoa fed chair powell us trade state blinken panetta uk ministry pboc us treasury department eurusd fed funds rate hang seng rehn dxy euro stoxx jpy usd jpy gbpusd interfax bunds kinzhal jgbs daily sabah

US Market Open: Equities err higher as crude & bonds slip further, numerous ECB/Fed speakers ahead

united states news russia ukraine russian whatsapp moscow bans parent company meta platforms inc russophobia interfax

Play Episode Listen Later Mar 22, 2022 3:19

European bourses have been erring higher after a contained open, Euro Stoxx 50 +0.9%, with upside occurring as crude and bonds slipped further.US futures are in-fitting directionally but magnitudes more contained, a slew of speakers ahead.Crude benchmarks are pressured, but off lows, amid China COVID and EU energy price cap updates.DXY remains underpinned after an initial pullback from 99.00, while JPY lags with USD/JPY testing 121.00.Core debt continues to reel with yields steeper post-Powell and as corporate issuance factors once more.Looking ahead, highlights include NBH Policy Announcement, Speeches from Fed's Williams, Daly & Mester, ECB's Lagarde, Lane & Panetta.As of 10:30GMT/06:30EDTLOOKING AHEADNBH Policy Announcement, Speeches from Fed's Williams, Daly & Mester, ECB's Lagarde, Lane & Panetta.Note; US Clocks Changed to EDT from EST on Sunday, March 13th. London to New York time gap is four-hours until the UK change on March 27th.Click here for the Week Ahead preview.GEOPOLITICSRUSSIA-UKRAINEDISCUSSIONS/NEGOTIATIONSUkrainian President Zelenskiy said a meeting with Russian President Putin is vital to determine Russia's position on ending the war, according to Interfax. President Zelensky also said that he's prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a ceasefire, withdrawal of Russian troops and a guarantee of Ukraine's security, according to AP.UN General Assembly's special session on Ukraine will resume on Wednesday after a relevant request, according to Sputnik.Adviser to the Ukrainian President says there are many contentious issues with the Russians, most notably the integrity of our territory and security guarantees, according to Al Jazeera.Russian Deputy Foreign Minister says the Ukrainian side has no desire to take our demands into account, via AJA Breaking.ENERGY/ECONOMIC UPDATESFrench Foreign Minister Le Drian and US Secretary of State Blinken agreed to continue strengthening sanctions against Russia and on the need to enhance the security of Ukraine's nuclear facilities.Russia's coupon payment on sovereign bonds maturing in 2029 was processed by JPMorgan which worked with the US Treasury Department on necessary approvals, according to Reuters sources.Russian Finance Ministry has channelled USD 65.63mln for the coupon payout on 2029 Eurobond to Russia's national settlement depository, fully met liabilities.S&P said it will withdraw ratings on all Russian entities.Eurasia Groups Rahman understands that work on a SURE-style instrument, for the Russian war in Ukraine, has been put on hold, as EU Commission President von der Leyen was "spooked" by Germany's opposition to common borrowing.DEFENCE/MILITARYUS President Biden said Ukraine is fighting valiantly and using equipment from the US, while he added Russian President Putin's back is against the wall and he is talking about new false flags such as biological weapons. President Biden also suggested this is a clear sign that President Putin is considering both biological and chemical weapons, while he added that Russia may be planning a cyber attack against the US.UK Ministry of Defence said Russia claimed it fired a number of hypersonic missiles against Ukrainian targets and that its claims of using the developmental Kinzhal are highly likely intended to detract from lack of progress on the ground campaign.Ukrainian forces announced the recapture of the Makarev area west of Kyiv, according to Sky News Arabia.EUROPEAN TRADEEQUITIESEuropean bourses have been erring higher after a contained open, Euro Stoxx 50 +0.9%, with upside occurring as crude and bonds slipped further.US futures are in-fitting directionally but magnitudes more contained, ES +0.2%, with a slew of Central Bank speakers ahead.Sectors features defensive names as the current underperformers while Consumer Products is bolstered post-Nike earnings.China is to hold a press conference on Tuesday night regarding the latest updates of the crashed China Eastern Jet, according to State Media.EU leaders could endorse taxing windfall profits of energy firms, according to a draft summit statement.China's securities regulator asked some US listed Chinese firms, including Alibaba (BABA), Baidu (BIDU), and JD.com (JD), to prepare for more audit disclosures and asked to prepare audit documents for FY21, according to Reuters sources.Click here for more detail.FXDollar extends gains as Fed chair Powell delivers hawkish speech at NABE, underlining 50bps hikes at one or more meetings, a potentially higher terminal rate and QT kicking off in May perhaps/DXY gets to within a whisker of 99.000 before waning.Yen extends slump as BoJ Governor Kuroda says any exit from ultra accommodation would be premature, USD/JPY now testing 121.00 after breaching a key Fib just over 119.50 and 120.00 with little resistance.Kiwi and Aussie bounce as risk appetite picks up, former back above 0.6900 and latter on the 0.7400 handle again. Loonie lags as oil prices retreat, USD/CAD over 1.2600.Pound and Euro derive some traction from corrective gains in Gilt and EGB yields; Cable close to 1.3200 and EUR/USD tests 1.1000 where 1.35bln option expiries start and end at 1.1010.Click here for more detail.Notable FX Expiries, NY Cut:EUR/USD: 1.0870 (301M), 1.0990 (345M), 1.1000-10 (1.35BN), 1.1050-55 (821M), 1.1075-80 (757M), 1.1100 (300M), 1.1135-40 (665M), 1.1150 (572M), 1.1175 (345M)Click here for more detail.FIXED INCOMEBear-steepening in US Treasuries continues after even more hawkish-leaning guidance from Fed chair Powell.EGBs and Gilts play catch-up, with Bunds testing 50bps in yield and 159.00 in futures.UK debt awaiting inflation data and Spring Budget before flash PMIs and retail sales round out busy week.Click here for more detail.COMMODITIESWTI and Brent are pressured, but off lows, as the benchmarks are hit amid China's COVID updates and reports of further support in the EU for an energy price cap.WTI and Brent May contracts have slipped from intraday highs of USD 113.30/bbl and USD 119.48/bbl to current lows of USD 107.10/bbl and USD 112.64/bbl, respectively.France and "several eastern EU countries" reportedly back the idea of energy price caps with Germany and the Netherlands left to be convinced, according to Journalist Keating; Germany/Netherlands argue that refusing to pay market price could mean suppliers go elsewhere.Subsequently, a Senior German official says that Berlin's opposition to energy sanctions is “unlikely to change” unless Russia uses “chemical or nuclear weapons”, according to Eurasia Group's Rahman. Adds, "One idea would see a “coalition of the willing” - member states with less Russian energy dependency, move first" - Note, it is unclear if this is the journalists' view or an official.Japanese government says power supply is tightening in the Tohoku region amid low temperatures.Spot gold/silver are pressured, though off lows, amid what appears to be a outflow from "havens" with core-debt and JPY pressured.LME CEO says price limits should prevent a repeat of the squeeze seen in Nickel, via Bloomberg. At the open, LME Nickel -12%, at USD 27,600/T.One global aluminium producer is seeking USD 195/t premiums in discussions with Japan, which would be up 10% from the current quarter, according to Reuters sources.China is to strictly control coal consumption in steel, chemical and cement industries in 2021-25.Click here for more detail.NOTABLE EUROPEAN HEADLINESECB's Villeroy says the ECB must not overreact to energy price volatility, should focus on underlying and medium-term prices. Green transition could result in some inflation pressure.NOTABLE US HEADLINESGoldman Sachs now expects the Fed to hike by 50bps at the May and June meetings, as well as announce the start of the balance sheet reduction in May, while it also sees four 25bps hikes in H2 but added that the Ukraine war and tight financial conditions are risks to the rate call.UK and the US to announce deal on Trump-era steel tariffs tonight, according to Politico's Casalicchio.Click here for the US Early Morning NoteCRYPTOBitcoin is bid, but off highs, having surpassed last week's peak of USD 42,392 in a short-lived foray above the USD 43k mark.APAC TRADEEQUITIESAPAC stocks were mostly positive with the region shrugging off the higher yields and oil advances.ASX 200 was led higher by strength in the commodity-related sectors including energy after further gains in oil.Nikkei 225 gained as exporters benefitted from a weaker currency and amid stimulus speculation.Hang Seng and Shanghai Comp. traded higher with outperformance among the blue-chip tech stocks including Alibaba after it boosted its share buyback to USD 25bln from USD 15bln and with oil majors underpinned.NOTABLE APAC HEADLINESPBoC injected CNY 20bln via 7-day reverse repos with the rate at 2.10% for a CNY 10bln net injection.PBoC set USD/CNY mid-point at 6.3664 vs exp. 6.3635 (prev. 6.3677)Japan was reported to be eyeing additional stimulus valued over JPY 10tln, according to Sankei, although Chief Cabinet Secretary Matsuno later stated they are not thinking about an economic stimulus package now. Subsequently, Japan's annual budget passed parliament; a move which should allow some discussion around additional stimulus to commence.Chinese Foreign Minister says, re. US visa restrictions on Chinese officials, that the US should immediately revoke sanctions, or China will response with reciprocal counter measures.China's COVID epidemiologist Wannian says that China's COVID curbs should be targeted and effective, sees rising COVID pressure from surrounding nations, such as Hong KongDATA RECAPNew Zealand Westpac Consumer Confidence (Q1) 91.2 (Prev. 99.1)

covid-19 new york donald trump uk china france japan germany russia chinese european joe biden green ukraine speaker japanese russian european union berlin bear bitcoin hong kong vladimir putin netherlands spot crypto euro ukrainian nato aussie dollar bloomberg fed jd powell bonds kyiv fx goldman sachs usd looking ahead cable defence slip reuters pound jp morgan kiwi adds russia ukraine politico alibaba commodities zelensky numerous geopolitics central banks speeches al jazeera daly subsequently nickel sputnik apac edt leyen sectors rahman adviser ecb 300m qt gilt equities crude week ahead us secretary un general assembly yen fixed income asx prev nikkei lagarde consumer products us markets eurasia group ukrainian president wti russian president putin cny mester fib us treasuries china's covid state blinken panetta uk ministry tohoku eurobonds pboc us treasury department china covid pmis spring budget eurusd loonie state media hang seng villeroy dxy euro stoxx nabe egb jpy usd jpy gilts chinese foreign minister interfax bunds kinzhal usd cad

Russia Bans Facebook Parent Company Meta

Business Drive

Play Episode Listen Later Mar 22, 2022 1:10

A Russian court has labelled Meta Platforms Inc an extremist organisation banning the activities of the United States company on Russian territory. Moscow's Tverskoi District Court upheld a lawsuit filed by Russian state prosecutors, the court's press service said in a statement, which accused the tech giant of tolerating Russophobia during the conflict in Ukraine. The court says the ban does not apply to the activities of Meta's messenger WhatsApp. The Interfax news agency reports that Lawyer Victoria Shagina says that the company was not carrying out extremist activities and stood against Russophobia, Access to Meta's flagship platforms Facebook and Instagram had already been partially limited amid Russia's attack on Ukraine.

The Russia-Ukraine Conflict

Australia, Explained

Play Episode Listen Later Mar 21, 2022 30:03

In this episode of Australia, Explained, we break down the Russia-Ukraine conflict: what's happened, why it's happening and what to expect next.Bits and pieces mentioned:Maps of Russia-Ukraine border conflictVox Explained: Russia-Ukraine crisisAustralians wanting to fight in UkraineThis week, Tania recommended reading English-translated Russian news outlets (Tass and Interfax) to analyse how the conflict is being perceived in Russia. Vanessa recommended the Global Conflict Tracker to keep an eye out on other conflicts/crises happening elsewhere. If you're new to Australia, Explained, we are a weekly news podcast dedicated to helping Aussies get on top of things Down Under. You can support us by clicking ‘Subscribe' or ‘Follow' on your preferred podcast app, leaving a review, and most importantly - share this podcast with your friends!Follow us for more short, sweet and simple Aussie content on Instagram @australiaexplainedpod.Audio and sound production: Liam Unwin @astriidastriidastriid Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

australia english russia russian aussie maps bits russia ukraine down under aussies russia-ukraine conflict tass interfax

O que está mais próximo: a paz ou a 3ª Guerra Mundial?

Estadão Notícias

Play Episode Listen Later Mar 15, 2022 32:14

O presidente ucraniano, Volodimir Zelenski, despertou a esperança de que um acordo para o término da guerra esteja próximo. A agência de notícias russa Interfax citou um representante russo, que relatou que as conversas haviam alcançado progressos substanciais. Apesar desse breve clima de otimismo, há o receio de países ocidentais, principalmente da Europa, de que a Rússia possa ampliar suas ações militares e atingir outras nações. Neste domingo, um ataque aéreo atingiu uma área militar na região de Lviv, a cerca de 25 km da fronteira com a Polônia. Segundo a administração regional militar, ao menos 35 pessoas morreram e 134 ficaram feridas. Para os ucranianos, o ataque é uma confirmação de que toda a Europa estaria sob a mira dos russos, já que nessa base trabalhavam instrutores militares vindos de vários países. A Polônia é um dos membros da Organização do Tratado do Atlântico Norte (Otan). A fronteira do país com a Ucrânia tem sido um ponto de passagem de material bélico para auxiliar a resistência ucraniana. No episódio desta terça-feira, 15, do Estadão Notícias, analisamos um possível escalonamento da guerra, que poderia atingir níveis mundiais, numa entrevista com Carolina Pavese, professora de Relações Internacionais da ESPM-SP e doutora pela London School of Economics. E para abordar o aspecto bélico, convidamos o repórter especial do Estadão, e especialista em defesa, Roberto Godoy. O Estadão Notícias está disponível no Spotify,Deezer,Apple Podcasts,Google podcasts, ou no agregador de podcasts de sua preferência. Apresentação: Emanuel Bomfim Produção/Edição: Gustavo Lopes, Jefferson Perleberg e Ana Paula Niederauer Montagem: Carlos Valério See omnystudio.com/listener for privacy information.

俄羅斯宣布暫時停火在烏東兩城建人道走廊 | 大紀元 | 大纪元

大紀元新聞

Play Episode Listen Later Mar 7, 2022 2:41

俄羅斯國際傳真社（Interfax）報導，俄國國防部宣布，自莫斯科時間5日上午10時（台北時間5日下午3時）起停火，以利建立人道走廊。更多內容請見：https://www.epochtimes.com/b5/22/3/5/n13623848.htm 大纪元,大纪元新闻,大紀元,大紀元新聞, 俄羅斯, 停火, 人道走廊, 烏克蘭東部, 烏克蘭

interfax

Conflitto Russia-Ucraina: stamattina nuovi corridoi umanitari

Play Episode Listen Later Mar 7, 2022 1:13

L'esercito russo cesserà il fuoco questa mattina per permettere i corridoi umanitari in diverse città ucraine: lo riporta il Guardian, che cita Interfax. I corridoi saranno aperti dalle 10 ora di Mosca (le 8 in Italia) da Kiev, Mariupol, Kharkiv e Sumy su richiesta del presidente francese Emmanuel Macron.

russia guardian italia guerra kyiv emmanuel macron mariupol nuovi mosca kharkiv ucraina conflitto esercito negoziati interfax stamattina esportazioni corridoi umanitari

Guerra in Ucraina: la Russia dichiara tregua ed apre corridoi umanitari

Play Episode Listen Later Mar 5, 2022 1:51

Il ministero della Difesa russo ha annunciato la tregua per aprire corridoi umanitari. Lo scrive Interfax.

russia joe biden guerra stati uniti crisi ucraina apre difesa tregua la russia dichiara interfax corridoi umanitari

The C Report #260: The Interfax Biden Ukraine Press Conference Fake News, But Not; Gableman Report Fall Out; RINO Robin Vos Betrays Gableman; Activist Judge Kentanji Brown Jackson Spotlight

Queer Vox

Play Episode Listen Later Mar 4, 2022 182:22

The C Report for Thursday, March 3, 2022 (6:30 PM) In a world overwrought with fake news and propaganda by a biased media monopolized by six media corporations, The C Report emerges as an America First news show sifting through the aggregate to bring people around America and the world a different view that is independent, fair and patriotic. Join Mr. C weekdays for The C Report on The Foxhole.app, Pilled.net, Twitch, Clouthub, or Rumble. Visit www.TheCReport.com for more details. === === === === === === SUPPORT: https://cash.app/$MacX5x5 https://www.paypal.com/paypalme/mac --- Send in a voice message: https://anchor.fm/thecreport/message Support this podcast: https://anchor.fm/thecreport/support

america joe biden ukraine twitch judge fake news activist rumble press conferences america first betray rino foxhole biden ukraine interfax judge kentanji brown jackson

Ucraina, conclusi per oggi i colloqui. Mosca: “Riprenderanno nei prossimi giorni”

The Libertarian Institute - All Podcasts

Play Episode Listen Later Feb 28, 2022 1:49

Si sono conclusi, almeno per oggi, dopo una lunga giornata, i colloqui al confine con la Bielorussia tra Kiev e Mosca. "Abbiamo raggiunto alcuni punti su cui è possibile trovare un terreno comune", ha detto il negoziatore russo Vladimir Medinsky, citato dall'agenzia Interfax.

russia pace gas kyiv oggi ue abbiamo mosca giorni ucraina conclusi cdm bielorussia rifugiati interfax

Holy War? The Battle Over Orthodoxy in Ukraine Ep. 205

Play Episode Listen Later Feb 28, 2022 86:24

https://youtu.be/P2gpAjBXjnk For western observers of the conflict in Ukraine, Orthodox Christianity is almost as foreign of a concept as the world of Islam was in the early 2000s. No understanding of the conflict in Ukraine is complete without a firm grasp of the underlying religious rivalry between Ukraine and Russia, which goes back 800 years. In 2018, this rivalry reached a boiling point when the Orthodox Church of Ukraine split from the Russian Orthodox Church. This split has been described as the biggest fissure in Orthodox Christianity in centuries. Did this split precipitate Russia's 2022 attack? Is Putin waging a holy war for the soul of Russia? We explore in this week's episode. Episode 205 of the Liberty Weekly Podcast is Brought to you by: Join Liberty Weekly and tons of your favorite creators on Rokfin for one low subscription fee! Liberty Weekly Subscribestar Rakuten Cash Back Referral Link Liberty Weekly Substack The Liberty Weekly Patreon Page: help support the show and gain access to tons of bonus content! Become a patron today! Liberty Weekly on Flote. Patreon Bonuses for Crypto! Show Notes: Next Year in Kyiv? - by Diana Butler Bass - The Cottage (substack.com) Vladimir I of Kiev - New World Encyclopedia North Korea Conducts Missile Test After Declaring ‘New Situation' With China | The Libertarian Institute Disclose.tv on Twitter: "JUST IN - Head of the Russian Orthodox Church, Patriarch Kirill, calls Putin's opponents in Ukraine "evil forces," and believes "we must not allow dark and hostile external forces to laugh at us." (Interfax) https://t.co/GrXIW2Asbq" / Twitter Патриарх Кирилл призвал молиться о мире на "русской земле" - Москва || Интерфакс Россия (interfax-russia.ru) What is the Eastern Orthodox Church? Its History & Beliefs - (christianity.com) What is Pentecost? Meaning of Pentecost Sunday 2022 (christianity.com) Putin and the Patriarchs: how geopolitics tore apart the Orthodox church | Financial Times (ft.com) Putin Awards Patriarch Kirill With the Highest Russian Decoration - FSSPX.Actualités / FSSPX.News No, Patriarch Kirill of Moscow is Not Calling for Peace — In Fact, He's Putin's Accomplice | Religion Dispatches Patriarch Kirill and Vladimir Putin's Two Wars - Public Orthodoxy Antiwar.com Plans of Moscow Patriarchate against Ecumenical Patriarch's visit to Ukraine | Orthodox Times (en) Putin is after more than land — he wants the religious soul of Ukraine (religionnews.com) COI #239: NATO Aggression and Putin's War | The Libertarian Institute

Holy War? The Battle Over Orthodoxy in Ukraine Ep. 205

Liberty Weekly - Libertarian, Ancap, & Voluntaryist Legal Theory from a Rothbardian Perspective

Play Episode Listen Later Feb 28, 2022 86:25

For western observers of the conflict in Ukraine, Orthodox Christianity is almost as foreign of a concept as the world of Islam was in the early 2000s. No understanding of the conflict in Ukraine is complete without a firm grasp of the underlying religious rivalry between Ukraine and Russia, which goes back 800 years. In 2018, this rivalry reached a boiling point when the Orthodox Church of Ukraine split from the Russian Orthodox Church. This split has been described as the biggest fissure in Orthodox Christianity in centuries. Did this split precipitate Russia's 2022 attack? Is Putin waging a holy war for the soul of Russia? We explore in this week's episode. Episode 205 of the Liberty Weekly Podcast is Brought to you by: Join Liberty Weekly and tons of your favorite creators on Rokfin for one low subscription fee! Liberty Weekly Subscribestar Rakuten Cash Back Referral Link Liberty Weekly Substack The Liberty Weekly Patreon Page: help support the show and gain access to tons of bonus content! Become a patron today! Liberty Weekly on Flote. Patreon Bonuses for Crypto! Show Notes: Next Year in Kyiv? - by Diana Butler Bass - The Cottage (substack.com) Vladimir I of Kiev - New World Encyclopedia North Korea Conducts Missile Test After Declaring ‘New Situation' With China | The Libertarian Institute Disclose.tv on Twitter: "JUST IN - Head of the Russian Orthodox Church, Patriarch Kirill, calls Putin's opponents in Ukraine "evil forces," and believes "we must not allow dark and hostile external forces to laugh at us." (Interfax) https://t.co/GrXIW2Asbq" / Twitter Патриарх Кирилл призвал молиться о мире на "русской земле" - Москва || Интерфакс Россия (interfax-russia.ru) What is the Eastern Orthodox Church? Its History & Beliefs - (christianity.com) What is Pentecost? Meaning of Pentecost Sunday 2022 (christianity.com) Putin and the Patriarchs: how geopolitics tore apart the Orthodox church | Financial Times (ft.com) Putin Awards Patriarch Kirill With the Highest Russian Decoration - FSSPX.Actualités / FSSPX.News No, Patriarch Kirill of Moscow is Not Calling for Peace — In Fact, He's Putin's Accomplice | Religion Dispatches Patriarch Kirill and Vladimir Putin's Two Wars - Public Orthodoxy Antiwar.com Plans of Moscow Patriarchate against Ecumenical Patriarch's visit to Ukraine | Orthodox Times (en) Putin is after more than land — he wants the religious soul of Ukraine (religionnews.com) COI #239: NATO Aggression and Putin's War | The Libertarian Institute

Ep 864: MOSCÚ ANUNCIA EL RETIRO DE ALGUNAS TROPAS DE SU FRONTERA CON UCRANIA

Estacionline

Play Episode Listen Later Feb 17, 2022 3:50

El ejército ruso anunció este martes la retirada de algunas de sus tropas que realizaban ejercicios cerca de la frontera con Ucrania, aunque este país, Estados Unidos y la OTAN han asegurado no tener pruebas al respecto. "Las unidades de los distritos militares del Sur y del Oeste que han completado sus misiones ya comenzaron a abordar el transporte ferroviario y automovilístico y comenzarán a reubicarse en sus guarniciones hoy", aseguró el portavoz del Ministerio de Defensa, Igor Konashenkov, según citó la agencia de noticias Interfax. "Unidades separadas marcharán a pie como parte de los convoyes militares", añadió el funcionario. Konashenkov no dijo cuántos se van y aún no está claro si la decisión ayudará a reducir las tensiones. Pese a haber concentrado más de 100.000 soldados cerca de la frontera, Moscú ha negado repetidamente cualquier plan para invadir Ucrania. --- Send in a voice message: https://anchor.fm/estacion-online2/message Support this podcast: https://anchor.fm/estacion-online2/support

estados unidos algunas ministerio ucrania defensa anuncia oeste pese frontera otan mosc unidades el retiro tropas interfax

Mercados positivos ante menor tensión en conflictos geopolíticos - 15 de febrero

BTG Outlook

Play Episode Listen Later Feb 15, 2022 3:12

Tipo de cambio abre por sobre el cierre de ayer en $809,20, con los mercados principalmente positivos, commodities mixtos y la moneda estadounidense, a través del Dollar Index, depreciándose -0,34%. Por su parte, la tasa del bono del tesoro a 10 años transa en 2,03%, 4 puntos base por sobre el cierre de ayer. En cuanto a los conflictos geopolíticos, ayer el Presidente ucraniano anunció que Rusia invadiría su país el 16 de febrero y que ese día sería declarado como “día de la unidad”. El comentario sacudió a los mercados pero posteriormente la oficina de Zelenkiy aclaró que el anuncio debía ser interpretado como “sarcasmo”. Los mercados no lo interpretaron de esa forma hasta que la agencia rusa Interfax reportó, citando al Ministerio de Defensa, que tropas comenzaron el retorno a sus bases después de completar ejercicios militares.

presidente ante ticos rusia tipo ministerio defensa menor mercados conflictos geopol tensi dollar index interfax

terça-feira, 15/02/2022

Direto ao Ponto

Play Episode Listen Later Feb 15, 2022 5:05

Roberto Campos Neto indica em entrevista que pico da inflação projetado pelo BC já contempla petróleo mais elevado. Presidente Bolsonaro edita decreto aumentando poder da Casa Civil. Interfax relata que parte das tropas russas serão desmobilizadas da fronteira da Ucrânia após conclusão de exercícios militares. PBoC injeta 300bi de yuan via MLF. Artigo do Securities Journal indica novo corte da RRR. Podcast Direto ao Ponto do Banco Digital Modalmais com as principais notícias de Brasil e Internacional ao longo do overnight. Por Felipe Sichel, estrategista modalmais.

brasil bc internacional jair bolsonaro ponto ucr feira rrr artigo mlf casa civil pboc roberto campos neto interfax

Notícias de recuo da Rússia animam o mercado, Minério desaba na China, Petróleo recua - 15/02/2022

Genial Podcast

Play Episode Listen Later Feb 15, 2022 11:26

Bolsas sobem e dólar cai após a agência Interfax noticiar que a Rússia está retirando algumas forças que estavam em treinamento.

petr cias o mercado bolsas na china interfax

#15/2 - Notícias de recuo da Rússia animam o mercado, Minério desaba na China, Petróleo recua

Filipe Villegas

Play Episode Listen Later Feb 15, 2022 11:10

Bolsas sobem e dólar cai após a agência Interfax noticiar que a Rússia está retirando algumas forças que estavam em treinamento.

petr cias o mercado bolsas na china interfax

Russian State Duma to consider draft resolutions calling on Putin to recognize Donetsk and Luhansk ‘people's republics'

Play Episode Listen Later Feb 14, 2022 1:46

On Tuesday, February 15, Russian lawmakers will consider two draft resolutions appealing to President Vladimir Putin to recognize the self-proclaimed "people's republics" in eastern Ukraine, Interfax reports. Original Article: https://meduza.io/en/news/2022/02/14/russian-state-duma-to-consider-draft-resolutions-calling-on-putin-to-recognize-donetsk-and-luhansk-people-s-republics

ukraine russian resolutions draft vladimir putin recognize donetsk luhansk republics original article interfax russian state duma

United Russia asks Putin to start supplying military aid to Donetsk and Luhansk ‘people's republics'

russia ukraine vladimir putin donetsk luhansk supplying military aid republics original article united russia interfax

Play Episode Listen Later Jan 26, 2022 1:16

Russia's ruling party has initiated an appeal asking the country's leadership to start supplying military assistance to the self-proclaimed "people's republics" in eastern Ukraine, Interfax reported on Wednesday, January 26. Original Article: https://meduza.io/en/news/2022/01/26/united-russia-asks-putin-to-start-supplying-military-aid-to-donetsk-and-luhansk-people-s-republics

Head of Moscow's notorious Lefortovo remand prison resigns

head prison moscow notorious resigns tass original article novaya gazeta ria novosti remand interfax

Play Episode Listen Later Jan 11, 2022 2:07

The head of Moscow's Lefortovo remand prison, Alexey Romashin, has stepped down, informed sources told RTVI, RIA Novosti, and Novaya Gazeta on Tuesday, January 11. Eva Merkacheva and Alexey Melnikov of Moscow's Public Monitoring Commission (a prisoners' rights watchdog) also confirmed the prison chief's resignation to TASS and Interfax. Original Article: https://meduza.io/en/news/2022/01/11/head-of-moscow-s-notorious-lefortovo-remand-prison-resigns

Overnight developments in Kazakhstan's uprising: CSTO peacekeepers have been deployed, and an ‘antiterrorist operation' is underway against protesters and rioters

russia republic operation overnight belarus developments kazakhstan protesters underway armenia uprising kyrgyzstan deployed rioters tajikistan peacekeepers original article csto interfax

Play Episode Listen Later Jan 6, 2022 4:42

The Collective Security Treaty Organization has deployed troops to Kazakhstan, the organization confirmed officially to the news agency Interfax. The contingent of peacekeepers includes units from Russia, Belarus, Armenia, Tajikistan, and Kyrgyzstan. The decision to send soldiers was reached based on "the threat to the Republic of Kazakhstan's national security and sovereignty caused, among other things, by outside interference," Armenian Prime Minister and acting CSTO Collective Security Council Chairman Nikol Pashinyan explained in an announcement on Wednesday. Original Article: https://meduza.io/en/feature/2022/01/06/overnight-developments-in-kazakhstan-s-uprising

ECHR tells Russian to suspend dissolution of Memorial pending review of claim over ‘foreign agent' laws

russia russian laws claim memorial pending suspend dissolution european courts echr original article foreign agent interfax human rights echr

Play Episode Listen Later Dec 29, 2021 1:22

The European Court of Human Rights (ECHR) has issued an interim measure telling Russia to suspend the dissolution of the International Memorial Society and the Memorial Human Rights Center, Interfax reported on Wednesday, December 29. Original Article: https://meduza.io/en/news/2021/12/29/echr-tells-russian-to-suspend-dissolution-of-memorial-pending-review-of-claim-over-foreign-agent-laws

Hour 1 - Some Russian Troops Reportedly Withdraw From Ukraine Border Area. Pfizer Antiviral Pills May Be Risky With Other Medications. Despite Supply Issues And Omicron, Holiday Sales Rise 85 Percent

Ray Appleton

Play Episode Listen Later Dec 27, 2021 37:43

Ten thousand Russian military servicemen are reportedly returning to their "permanent deployment points" from field training on the border with neighboring Ukraine, according to Interfax news, which quoted statements from the Russian military. The Food and Drug Administration authorized Pfizer's Paxlovid for mild to moderate Covid in people as young as 12 who have underlying conditions that raise the risk of hospitalization and death from the coronavirus, such as heart disease or diabetes. Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure. See omnystudio.com/listener for privacy information.

Prosecutors seek four-year prison sentence for ex-communicated Orthodox priest who seized convent outside of Yekaterinburg

seek priest prosecutors orthodox seized convent prison sentence communicated original article yekaterinburg interfax

Play Episode Listen Later Nov 29, 2021 1:36

Prosecutors have asked the court to sentence former Schema-Hegumen Sergii (Nikolai) Romanov to four years in prison, Interfax reported on Monday, November 29. Original Article: https://meduza.io/en/news/2021/11/29/prosecutors-seek-four-year-prison-sentence-for-ex-communicated-orthodox-priest-who-seized-convent-outside-of-yekaterinburg

‘Shaninka' university rector Sergey Zuyev indicted on new fraud charges

university fraud charges indicted rector sergey original article interfax

Play Episode Listen Later Nov 25, 2021 2:13

University rector Sergey Zuyev has been indicted on new charges for large-scale fraud, Interfax reported on Thursday, November 25. Original Article: https://meduza.io/en/news/2021/11/25/shaninka-university-rector-sergey-zuyev-indicted-on-new-fraud-charges

Russian State Duma strips immunity of veteran Communist Party lawmaker Valery Rashkin

Play Episode Listen Later Nov 25, 2021 1:58

The Russian State Duma has voted to remove the immunity of veteran Communist Party (KPRF) lawmaker Valery Rashkin, Interfax reported on Thursday, November 25. Original Article: https://meduza.io/en/news/2021/11/25/russian-state-duma-strips-immunity-of-veteran-communist-party-lawmaker-valery-rashkin

veterans immunity communists lawmakers communist party strips original article interfax russian state duma

State Duma mandates commission recommends removing Valery Rashkin's parliamentary immunity

commission immunity mandates recommend parliamentary original article state duma interfax

Play Episode Listen Later Nov 22, 2021 1:55

The State Duma Commission on Mandates Issues has recommended that parliament remove the immunity of veteran Communist Party (KPRF) lawmaker Valery Rashkin, Interfax reported on Monday, November 22. Original Article: https://meduza.io/en/news/2021/11/22/state-duma-mandates-commission-recommends-removing-valery-rashkin-s-parliamentary-immunity

Google Pays Fines To Russia Over Banned Content

Business Drive

Play Episode Listen Later Oct 26, 2021 1:08

U.S. tech giant Google has paid Russia more than 32 million roubles in fines for failing to delete content Moscow deems illegal.Russia said it seek to fine the U.S. tech giant a percentage of its annual Russian turnover later this month for repeatedly failing to delete banned content on its search engine and YouTube, in Moscow's strongest move yet to rein in foreign tech firms.Marco Pancini, YouTube director for interacting with state authorities in EMEA, says that Google had paid all enforced fines on time. These stood at 32.5 million roubles for this year.Communications regulator Roskomnadzor says it has the technical capability to slow down the speed of YouTube, Interfax reported, but that administrative measures are currently sufficient.

spotify google podcasts russia russian podcasting podcasters moscow banned pays podcast series fines emea podcastlife gsmcpodcastnetwork podcastsforwomen interfax goldenstatemediaconcepts africabusinessradioongsmcpodca

Google Pays Fines To Russia Over Banned Content

Africa Podcast Network

Play Episode Listen Later Oct 26, 2021 1:08

Google Pays Fines To Russia Over Banned Content

Africa Business News

Play Episode Listen Later Oct 26, 2021 1:08

Russian police interrogate Ksenia Sobchak in connection with fatal car crash near Sochi

Play Episode Listen Later Oct 13, 2021 2:26

Russian police investigators questioned socialite and television host Ksenia Sobchak on Tuesday, October 12, as part of a criminal case launched over a fatal car accident near Sochi, the Interior Ministry's press center told Interfax. Original Article: https://meduza.io/en/news/2021/10/12/russian-police-interrogate-ksenia-sobchak-in-connection-with-fatal-car-crash-near-sochi

russian police fatal car crash sochi interrogate original article interior ministry interfax ksenia sobchak

Ex-president Mikheil Saakashvili arrested upon returning to Georgia

arrested former president ex president original article interfax mikheil saakashvili

Play Episode Listen Later Oct 2, 2021 1:39

Former President of Georgia Mikheil Saakashvili was arrested upon returning to the country on Friday, September 1, Interfax reported. Original Article: https://meduza.io/en/news/2021/10/01/ex-president-mikheil-saakashvili-arrested-upon-returning-to-georgia

Yabloko's Grigory Yavlinsky hospitalized due to heart problems

moscow hospitalized heart problems original article grigory interfax

Play Episode Listen Later Sep 27, 2021 1:09

The founder of the liberal opposition party Yabloko, Grigory Yavlinsky, was hospitalized in Moscow "due to heart problems," Interfax reported on Monday, September 27. Original Article: https://meduza.io/en/news/2021/09/27/yabloko-s-grigory-yavlinsky-hospitalized-due-to-heart-problems

Roskomnadzor blocks six VPN services, including top-rated providers

Play Episode Listen Later Sep 5, 2021 1:21

Roskomnadzor (RKN) blocked six VPN services, Interfax reports. According to the federal censorship agency, the VPN providers -- NordVPN, ExpressVPN, IPVanish, Hola, VPN Unlimited, and Speedify -- "violate Russian law." Original Article: https://meduza.io/en/news/2021/09/03/roskomnadzor-blocks-six-vpn-services-including-top-rated-providers

russian services blocks vpn providers nordvpn top rated original article ipvanish interfax speedify

Navalny's spokeswoman Kira Yarmysh has fled Russia, reports Interfax

russia reports navalny fled alexey navalny spokeswoman original article interfax

Play Episode Listen Later Aug 31, 2021 1:09

Alexey Navalny's spokeswoman Kira Yarmysh has left Russia, Interfax reported on Monday, August 30, citing two informed sources. Original Article: https://meduza.io/en/news/2021/08/30/navalny-s-spokeswoman-kira-yarmysh-has-fled-russia-reports-interfax

Russian Defense Ministry evacuates 500 people from Afghanistan

russian afghanistan vladimir putin defense ministry original article interfax

Play Episode Listen Later Aug 25, 2021 1:33

Under the instruction of President Vladimir Putin, the Russian Defense Ministry has organized the evacuation of more than 500 people from Afghanistan, Interfax reported on Wednesday, August 25. Original Article: https://meduza.io/en/news/2021/08/25/russian-defense-ministry-evacuates-500-people-from-afghanistan

Lawyers say Paul Whelan, American national jailed in Russia, hasn't been heard from in a month