BONDS
14 Dec
BoE expects gradual and limited policy tightening over medium-term
banque-d-angleterre-boe

The Bank of England kept policy on hold by a unanimous vote as had been widely-anticipated given previous guidance for a very gradual pace of tightening over the medium-term.

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14 Dec
ECB keeps all rates unchanged, confirms guidance on asset purchases
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The European Central Bank has opted to keep all its main policy rates unchanged, with policy-makers reiterating that they expect to keep all their key rates as they are until well past the end of the ECB's net asset purchase programme.

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14 Dec
Bonds: Euro area periphery risk spreads jump
Rome, Italy, Italian, colosseum

These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 34% (-6bp)UK: 1. 22% (-0bp)Germany: 0. 31% (+0bp)France: 0. 66% (+2bp)Italy: 1. 80% (+9bp)Spain: 1. 50% (+4bp)Greece: 4. 26% (-12bp) Portugal: 1. 88% (+4bp)Japan: 0,05% (+0bp) .

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13 Dec
FOMC hikes rates, but Evans and Kashkari dissent
actas fed reserva federal portada

The US central bank went ahead with its third rate hike of 2018, as expected, but two rate-setters dissented, voting instead for no change.

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13 Dec
US core CPI falls short of forecasts in November
actas fed reserva federal portada

Consumer prices in the US confounded economists again last month as core inflation fell short of their forecasts, weighed down by a sharp drop in apparel costs.

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12 Dec
US factory gate prices edge past forecasts in November
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Factory gate prices in the States rose more quickly than expected last month, amid a soaring price of gasoline.

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11 Dec
China November credit growth belies slowdown, economists say
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Credit conditions in China continued to tighten last month, leading economists to anticipate cuts to the central bank's reserve requirement ratio for lenders in the short-run in order to provide liquidity and - eventually - allow a weaker currency as well.

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08 Dec
US consumer confidence slips as Democrats fret about tax cuts, U.Michigan says
bandera eeuu usa america

US consumer confidence cooled a tad at the start of December as some Americans reportedly fretted about the impact that the proposed tax cuts might have on economic prospects, according to the results of a widely-followed survey.

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08 Dec
US jobs growth beats forecasts in November, but wages fall short
actas fed reserva federal portada

The US jobs market continued generating jobs at a solid pace last month as accelerated hiring in mining and manufacturing offset a slowdown on the services side of the economy.

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07 Dec
IMF says China's banks need more capital after credit boom
bank-of-china

The International Monetary Fund has urged China’s banks to raise more capital to protect against risks caused by a credit boom.

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06 Dec
Bonds: Gross calls 2.0% top for Fed funds rate
actas fed reserva federal portada

These were the movements in some of the most closely-followed 10-year sovereign bond yields: US: 2. 34% (-1bp)UK: 1. 23% (-3bp)Germany: 0. 30% (-3bp)France: 0. 61% (-1bp)Spain: 1. 43% (+2bp)Italy: 1. 73% (+2bp)Portugal: 1. 88% (-1bp)Greece: 4. 81% (-3bp)Japan: 0. 06% (+1bp) .

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06 Dec
Hochschild Mining to redeem $295m of bonds
hochschild

Hochschild Mining has kicked off the process to redeem $294. 8m of its outstanding bonds in order to significantly reduce its interest payments.

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04 Dec
Some analysts sceptical of long-term impact of US tax cuts on economy
white house

The upper chamber of the US Congress approved a tax cut package at the weekend, possibly paving the way for final approval for as soon as the end of this week, but market commentary is quite divided on just how powerful a boost it will deliver to the economy and the price the country will have to pay in terms of an increased debt burden.

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01 Dec
Fed needs to move cautiously on interest rate hikes, Bullard says
bullard

US central bankers need to be more cautious, lest the interest rate curve 'invert', choking off growth, a top rate-setter said.

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30 Nov
Bonds: Gilts find bid after previous day's sell-off

These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 42% (+3bp)UK: 1. 33% (-1bp)Germany: 0. 37% (-2bp)France: 0. 68% (-3bp)Italy: 1. 75% (-4bp)Spain: 1. 45% (-4bp)Portugal: 1. 87% (-6bp)Greece: 5. 45% (-3bp)Japan: 0. 04% (+1bp) .

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28 Nov
UK and EU reach agreement on EU divorce bill, report says
libra 630 inglaterra uk pound

Westminster has reached an agreement with Brussels, in principle, on its so-called Brexit 'divorce bill', according to the Daily Telegraph.

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28 Nov
S&P reaffirms long-term debt rating for StanChart
standard chartered, stanchart, stan

Standard and Poor's reiterated its BBB+ rating on the long-term debt of Asia-focused Standard Chartered, confident in the lender's ability to continue improving the strength of its balance sheet and asset quality, while maintaining "robust" funding and liquidity profiles.

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26 Nov
South Africa under pressure after S&P cuts to 'junk', ANC congress in focus
Jacob Zuma

Standard&Poor's has become the second major agency to cut its rating on South Africa's long-term sovereign debt to 'junk' with the third, Moody's, placing its own ratings under review for a possible downgrade.

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25 Nov
Bonds: Gilts outperform
libra 630 inglaterra uk pound

These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 34% (+2bp)UK: 1. 25% (+0bp)Germany: 0. 36% (+1bp)France: 0. 70% (+2bp)Spain: 1. 49% (+2bp)Italy: 1. 81% (+3bp)Portugal: 1. 94% (+1bp)Greece: 5. 38% (+0bp)Japan: 0. 03% (+0bp) .

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