Australia: Positive start of trade account in 2018 led by higher exports - Westpac

Andrew Hanlan Research Analyst at Westpac explains that in the space of a month Australias trade position has turned around from a deficit of $1.1bn to a surplus of $1.1bn. Key Quotes The January outcome exceeded expectations with the market looking for a surplus of $160mn and Westpac at $600mn. Recall that the trade balance deteriorated from a surplus of $252mn in November to what proved to be a oneoff deficit in December. Imports spiked in December increasing by $2.0bn a jump of 6.2%. [read more]

This morning in UK BoE Governor Carney and Chancellor Hammond will deliver the Mansion House speeches that were originally scheduled for last week and will be keenly watched by investors according to the analysts at TDS. Key Quotes Hammonds remarks are likely to be in line with what he said in a weekend interview where rather than pushing for the UK to remain part of the Customs Union an idea that had been floated last week he was pushing instead for a longer transition agreement in order to avoid the cliff edge of Brexit. So [read more]

Expect Fed’s balance sheet normalization in Sept and a hike in Dec – Goldman Sachs

Analysts at Goldman Sachs are out with their afterthoughts on the FOMC hawkish announcements made lateWednesday. Key Quotes We continue to expect the announcement of balance sheet normalization in September and a return to rate hikes in December. The median dot in the Summary of Economic Projections continued to show three hikes in both 2017 and 2018. The postmeeting statement included modest upgrades to its description of growth continued to note the decline in the unemployment rate but acknowledged the moderation in job growth [read more]

Morning Briefing 19/4/17  07:54 Hk/Sg

From My Analyst DeskSummaryThe Dow Future has slid 135 points to 20434. The US Dollar Index trended lower by 0.796 points to 99.504. Gold has gained 6.400 dollars to 1290.685. Silver is trending lower 0.06350 dollars to 18.34150. The Dow Industrials trended lower by 113.64 points at 20523.28 while the S&P 500 moved lower 6.82 points last seen at 2342.19. The Nasdaq Composite [read more]

Morning Briefing 19/4/17  07:34 Hk/Sg

From My Analyst DeskSummaryThe Dow Future is higher 156 points to 20570. The US Dollar Index softened 0.10 points to 100.30. Gold has eased 3.26 dollars to 1287.93. Silver is dropping 0.1120 dollars to 18.4865. The Dow Industrials gained 183.67 points at 20636.92 while the S&P 500 advanced 20.06 points last seen at 2349.01. The Nasdaq Composite gained 49.95 points to 5855.10. [read more]

Morning Briefing 13/4/17  07:14 Hk/Sg

From My Analyst Desk SummaryThe Dow Future has slipped 81 points to 20512. The US Dollar Index retreated 0.60 points to 100.11. Gold has advanced 3.755 dollars to 1281.060. Silver has slid 0.0135 dollars to 18.3670. The Dow Industrials dropped 59.44 points at 20591.86 while the S&P 500 eased 8.85 points last seen at 2344.93. The Nasdaq Composite edged lower 29.87 points to 5836.90. Currencies  [read more]