Short recap
Asia down on Fed planning to reduce its balance sheet
while more doubts about Trump ability to deliver fiscal stimulus makes rounds
in the markets
Saw strength in JPY, VIX and USDJPY vols sharply
higher, AUDJPY on the short side
Europe opening lower
Draghi was just out – Monetary policy still
appropriate, reassessment not warranted at this stage, still need to build
sufficient confidence, not having enough evidence to change inflation forecast
FOMC Minutes – Fed officials seriously
discussed the shrinking of balance sheet with possible start at
the end of 2017 but not sure whether through direct sales or not
reinvesting maturing papers
ADP numbers confirmed strong underlying hiring
trend by US companies
Trump expressed himself that Asad crossed the
red line in chemical attack on civilians
But haven’t specified anything more (seems like he is
learning how to communicate…before meeting Xi today at least)
Toronto house prices up 33% on a year with average
price around CAD 916k per property
Sounds like a bubble
Monsanto reported better results helped by seeds
of soybean and corn
AkzoNobel shareholders may go against the company
in order to push for take over talks with PPG Industries
As mentioned yesterday after positive US antitrust ruling
the EU officials approved the ChemChina takeover of Syngenta as
well yesterday
Apple to control more the core technologies
due to margins, further innovation and decrease dependence on 3rd
party suppliers
Rockwell to buy B/E Aerospace (USD 6.4 bln)
Amazon looking to buy hydrogen fuel cell
maker Plug Power
10-yr Trys yield at 2.34%
10-yr Bunds yield at 0.25%
Data
GE: Factory orders lower than expected
EZ: Retail PMI expected lower
US: Jobless Claims expected lower
ECB Praet (0730 GMT) Weidmann (0940 GMT), Constancio
(1145 GMT) speaking
ECB Minutes (1130 GMT) - should provide more clarity either on market overraction or misjudgement of Draghi's speech
Trump to meet Chinese president (2 days)
G20 Econ ministers meeting
NATO foreign ministers meeting (2 days)
Fri:
US NFPs
Fed Speakers this week:
Fred Williams (today)
James Bullard
Apr 23 – French presidential elections
Apr 29 – EU Summit to sign off the Brexit negotiations
guidelines – until then we won’t have clearer EU position on Brexit
May 7 – French presidential elections 2nd
round
Should you have any questions feel free to contact me
anytime.
Good luck Champs!
Mr Hawk
DISCLAIMER: This material was created for informational
purposes only and represents the Land of Trading team’s view of the past and
current economic and capital market environment. It is not an investment advice
and should not be viewed that way at all, and the creators of this material
cannot be held liable for any potential losses resulting from trading, where
despite this disclaimer someone would consider this material as an investment
advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom
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