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International financial news

International financial news

[British Prime Minister Spokesperson: UK Government Will Suspend the Brexit Advertising Competition on October 31]
British Prime Minister Spokesperson: The British government will suspend the Brexit advertising competition on October 31. We are focusing on Monday's vote on the election held on December 12th. Regarding the appointment of the EU Commissioner, we will abide by our obligations, but we are not yet in At this stage, the public realized that the Brexit event had been suspended on October 31, and Prime Minister Johnson was open to the general election held during December 9-12.


[UK Financial Times reporter Sebastian Payne: The Liberal Democratic Party's election bill will take a day to pass in the House of Commons]
One day in the House of Lords, one day to deal with other situations, may receive Queen's approval on Friday. The scale is quite limited, so I hope that Members will not nitpick the bill.


[Saudi Energy Minister Abdul-Aziz and US Energy Secretary Perry meet in Riyadh on Monday]
Saudi News Agency reported that Saudi Energy Minister Abdul-Aziz and US Energy Secretary Perry met in Riyadh on Monday to work together to ensure the global energy supply security. The two sides discussed the role of the oil market, oil producers outside OPEC and OPEC in coordinating oil production, stabilizing the oil market and threats to oil facilities in the Gulf. In addition, Saudi Energy Minister Abdul-Aziz also met with Nigerian oil captains to discuss investment opportunities between the two countries, the oil market and cooperation between OPEC + countries to maintain oil market stability. Saudi Energy Minister Abdul-Aziz stressed that Saudi Arabia is a reliable oil supplier to stabilize the oil market.


[The British Parliament will debate the bill on December 12th for general elections on Tuesday]

People familiar with the matter said that the British Parliament will debate on Tuesday the only bill proposed by Prime Minister Johnson, which is aimed at holding elections in advance. His attempt to trigger the election on Monday failed. People familiar with the matter said the bill will be introduced and read on Tuesday, similar to a proposal by the Liberal Democrats and the Scottish Nationalist Party to amend the Regular Congress Act, so the bill can be passed with a simple majority instead of three. The second is a majority. People familiar with the matter said that the government would not attempt to reintroduce the Brexit Agreement Act as the election bill progressed in parliament.


GMT(time)

Currency

News and Data

10:30

JPY

Tokyo Core CPI (YoY) (Oct)

10:30

JPY

CPI Tokyo Ex Food and Energy (MoM) (Oct)

17:45

AUD

RBA Governor Lowe Speaks

18:00

GBP

Nationwide HPI (MoM) (Oct)

18:00

GBP

Nationwide HPI (YoY) (Oct)

20:50

EUR

German Buba President Weidmann Speaks

10:30

JPY

Tokyo Core CPI (YoY) (Oct)

10:30

JPY

CPI Tokyo Ex Food and Energy (MoM) (Oct)



Summary of investment bank views

Mitsubishi UFJ analyst




The Fed has recently expanded its balance sheet again, playing a role in weakening the dollar's attractiveness. If the interest rate remains unchanged during this week's meeting, it may encourage the dollar to strengthen in the short term. 


National Australia Bank




Although the speculative sentiment has not pushed up the US dollar index, it has caused the currency to weaken the currencies of emerging countries.


Jefferies Group: The Fed did not move this week, causing the market to "get angry"




1.  The global unfavorable factors that prompted the Fed to cut interest rates in July and September have eased, trade tensions and the Brexit uncertainty have eased, and the gap between the Fed and other central bank policy positions has narrowed; in this context, The Fed may keep interest rates unchanged for the next few days and retain the possibility of a rate cut in December;


2.  Although the base may not let the market "get angry", it can cool the aggressive market price and strengthen this view of the policy adjustment in the cycle; if the Fed does not move, it may cause the US stock market to fall, the US bond yield curve The "distorted" market instinctively reacts, but this will be short-lived;


3.  Although the Fed’s measures to purchase Treasury bills and the expected decline in inflation should continue to curb short-term and long-term yields, 3- to 7-year US Treasury bonds may fall.


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