Archive for May, 2016
Tuesday, May 31st, 2016
Via Marc Chandler at Brown Brothers Harriman:
Sterling Slips and Aussie Pops as Investors Await Fresh Insight into Fed Trajectory
The latest ORB poll confirmed reports that the Brexit vote is much tighter than some of the recent polls suggest
Australia reported stronger than expected exports for Q1
Eurozone economic ...
Posted in Uncategorized | Comments Off on FX
Tuesday, May 31st, 2016
Via WSJ:
By Georgi Kantchev
May 30, 2016
1 COMMENTS
Analysts are once again raising their oil price forecasts, in a reflection of falling concerns over the glut in crude supply.
That takes pressure off members of the Organization of the Petroleum Exporting Countries as they meet on Thursday, following months of fervent debate over ...
Posted in Uncategorized | Comments Off on Oil Price Forecasts Rising
Tuesday, May 31st, 2016
Via Bloomberg:
IG CREDIT: Trading Volume Falls to Lowest Level of the Year
2016-05-31 09:40:00.939 GMT
By Robert Elson
(Bloomberg) -- Secondary IG trading ended with a Trace
count of $5.3b Friday vs $17.2b Thursday, $11.9b the previous
Friday. IG trading lowest since $2.1b on Dec. 31, 2015.
* 10-DMA $14.4b; 10-Friday moving avg $12.6b
* 144a trading ...
Posted in Uncategorized | Comments Off on Some Corporate Bond Stuff
Tuesday, May 31st, 2016
Via Reuters:
Chinese steel and iron ore futures posted their sharpest monthly falls on record in May on weaker seasonal demand, with the industrial raw materials expected to face more pain in June due to rising steel supply in the world's top producer.
May's decline follows a spectacular December to April rally ...
Posted in Uncategorized | Comments Off on Worst Month Ever for Steel Futures in China
Tuesday, May 31st, 2016
Via Bloomberg:
IG CREDIT PIPELINE: Record $200b Month Is in Reach
2016-05-31 09:20:12.689 GMT
By Robert Elson
(Bloomberg) -- A record $192.4b has priced this month with
today still possible to add further deals. If the U.S. follows
the 12-deal London lead, it’s all but certain.
LATEST UPDATES
* Bayer (BAYNGR) A3/A-, may be close to picking banks ...
Posted in Uncategorized | Comments Off on Credit Pipeline
Tuesday, May 31st, 2016
Via Kit Juckes at SocGen:
<http://www.sgmarkets.com/r/?id=h109e977c,17273e9b,17273e9c&p1=136122&p2=e583a74a7bb5c34355b75d418d818c68>
Welcome to the last day of May. ‘Flaming' June comes next - though the weather is a reminder we have to get this month out of the way before embarking on a new one. And I don't think it's that surprising that the dollar, which is ...
Posted in Uncategorized | Comments Off on FX
Tuesday, May 31st, 2016
Via Bloomberg:
May 31, 2016 — 5:00 AM EDT
Euro-area consumer prices failed to increase for a fourth consecutive month, highlighting policy makers’ struggle to stoke inflation despite multiple rounds of stimulus.
Prices fell 0.1 percent in May from a year earlier, the European Union’s statistics office in Luxembourg said on Tuesday. That’s ...
Posted in Uncategorized | Comments Off on Europe’s Inflation Remains Below Target
Tuesday, May 31st, 2016
Via Bloomberg:
May 30, 2016 — 11:43 PM EDT
Updated on May 31, 2016 — 4:05 AM EDT
Chinese stock-index futures plunged by the daily limit before snapping back in less than a minute, the second sudden swing to rattle traders this month.
Contracts on the CSI 300 Index dropped as much as 10 ...
Posted in Uncategorized | Comments Off on Strange Trading in Equity Futures in China
Monday, May 30th, 2016
Via Bloomberg:
May 30, 2016 — 5:00 PM EDT
Those nearest to China are among the hardest hit as growth in the world's second-largest economy grinds to the slowest pace in a quarter century.
Hong Kong, Macau, and Taiwan all saw their economies shrink in the first quarter, while Mongolia's commodities-fueled boom has ...
Posted in Uncategorized | Comments Off on Slowing China Economy Impacts Neighbors
Monday, May 30th, 2016
Via Bloomberg:
Short interest in CSOP FTSE China A50 ETF is highest in a year
Yuan is heading for its biggest monthly drop since August
Chinese equities are once again in the cross hairs of short sellers.
Short interest in one of the largest Hong Kong exchange-traded funds tracking domestic Chinese stocks ...
Posted in Uncategorized | Comments Off on Bears Target Chinese Equities