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International Financial Information

International Financial Information


[Brexit negotiator Frost: following the rules of the European Union leaves the focus of Brexit and is determined to regain legal sovereignty, Britain will not allow its own laws to meet EU requirements; it will not be intimidated by warnings of trade frictions and barriers Will not compromise on essential parts of the negotiating position]

[German lawmakers publicly accuse Lagarde of political resistance due to negative interest rate policy] German lawmakers have severely criticized the European Central Bank's negative interest rate policy in the European Parliament. Although outside complaints and dissatisfaction are "common" to the ECB president, this scene of the European Parliament is enough to highlight how intense political sentiment has been incurred by this stimulus tool.


GMT(time)

Currency

News and Data

11:30

AUD

RBA Meeting Minutes

20:30

GBP

Average Earnings Index +Bonus (Dec)

20:30

GBP

Claimant Count Change (Jan)

21:00

EUR

German ZEW Economic Sentiment (Feb)



Summary of Institutional Perspectives


RBA minutes to indicate higher threshold for rate cuts



The RBA will announce the minutes of the February monetary policy meeting at 8:30 today, which is expected to indicate that the threshold for further easing is high; the RBA decided to keep the interest rate at a historical low of 0.75% at the meeting, and implied more reluctance Further rate cuts; the continuous decline in the unemployment rate has given policy makers more time to think about what to do next; the RBA's leadership has released optimistic information about the impact of wildfires and the new crown virus, at least for now; Now the market has basically ruled out the possibility of a rate cut in the first half of 2020; the RBA may reiterate that only when the unemployment rate rises and the inflation rate falls outside the target range of 2-3% will it cut interest rates again.


Barclays analyst Yamakawa: Japanese economy likely to fall into technical recession due to epidemic




Because Japan ’s fourth-quarter GDP data was not included in the epidemic, the weak performance of Japan ’s GDP data this time was mainly due to the increase in domestic consumption tax. With reference to the current situation, the risk of Japan's weak GDP in the first quarter of this year is still quite high, and once again recorded negative growth, the Japanese economy is likely to fall into a technical recession and face a continuous contraction. In addition, due to the impact of the epidemic, the decrease in the number of foreign tourists in Japan and the decrease in total import and export trade are the main headwinds that Japan will soon face.


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