An accredited financial and economic news service, specialising in up-to-the-second broadcast reports and headlines
up to the second audio news feed
live press conference feed
fixed income wire service
see what makes the markets move
Chinese trade negotiators had a sudden change of plans Friday, canceling a visit to meet U.S. farmers in Montana after they wrapped up trade talks in Washington this week.
The Chinese delegation has changed its travel schedule and is headed back to China earlier than planned, according to Nicole Rolf, the Montana Farm Bureau Federation’s director of national affairs. There was no explanation as to why they were cutting their trip short, Rolf said.
Nebraska department of agriculture also said the Chinese officials called off a visit to farms in Nebraska. (CNBC – Continue Reading)
US and Chinese officials are meeting in Washington for a second day to prepare trade negotiations next month in the trade war that has cast a shadow on growth.
But expectations have remained modest, with both sides indicating there is little too maneuver on the key sticking points over Beijing's industrial and technology policies.
U.S. Commerce Secretary Wilbur Ross told the Fox Business Network on Thursday, that it remained unclear what China wanted and that "we will find out very, very shortly in the next couple of weeks." (Fox Business - Continue Reading)
Britain and the European Union are not yet close to a Brexit deal that could resolve the Irish border riddle and London needs to come up with serious proposals, Ireland said on Friday.
Irish Foreign Minister Simon Coveney was speaking after hopes of a resolution to the tortuous three-year Brexit process were raised in recent days. Sterling shot up to a 2-month high on Thursday when European Commission President Jean-Claude Juncker said a deal was possible.
Coveney repeated Juncker’s sentiment but cautioned that the gap was still wide and he underscored the risks of a disorderly Brexit - civil unrest on the island of Ireland and a dislocation of trade. (Reuters - Continue Reading)
Buckle up: the dollar-funding squeeze could get worse with the end of the quarter approaching.
In 10 days, banks will cut back on providing liquidity to close books and meet regulatory requirements. And next week, there’s another round of Treasury auctions that could leave markets net short of another $45 billion in cash.
That’s why stress is showing up in bill sales and currency markets even after the Federal Reserve conducted three overnight repurchase operations, with a fourth to come on Friday, to ease a liquidity shortage. (Bloomberg - Continue Reading)
A sudden spike in overnight lending rates this week is forcing the Federal Reserve to consider growing its holdings of Treasury securities for the first time in five years, putting a decision on the agenda for its meeting next month.
Fed Chairman Jerome Powell said Wednesday the central bank would be studying whether to increase its holdings, sometimes referred to as its balance sheet, carefully before approving any action at its Oct. 29-30 meeting.
“It is certainly possible that we will need to resume the organic growth of the balance sheet earlier than we thought,” he said at a news conference. “We’ll be looking at this carefully in coming days and taking it up at the next meeting.” (WSJ - Continue Reading)
Our audience spans the globe, relying on us to filter out the noise to deliver accurate, reliable and timely news
Our journalists and analysts monitor all major newswires, television channels, news websites, blogs and social media platforms for content with market-moving potential. We only broadcast the most relevant news headlines that you need to know. Our analysis and insights rival any of our competitors
We broadcast 24 hours a day from Europe and Asia, Sunday through Friday (except for selected UK holidays). Commentary covers all the main asset classes, including equities, fixed income, FX and commodities