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UPDATE:BOE Minutes:MPC Splits Same Way; Hawkish Line Dropped

Posted:

--Adds Detail On Inflation Outlook To Version Transmitted At 0830GMT --6 BOE MPC Voted for Unchanged Bank Rate; 3 for Hike --BOE MPC Dale, Weale voted for 25bps Rate Hike ...

Spain’s treasury sells 2487 mln 2021 bond, 885 mln 2024 bond

Posted:

Bid to cover ratio 2021 bond 2.1, up from previous 1.8 Bid to cover ratio 2024 bond 2.3 Average yield 2021 bond 5.472%, up from previous 5.162% at last auction on March 17 Average yield 2024 bond 5.667% Top end of 2.5-3.5 bln target range Seems fine. EUR/USD has tripped aforementioned stops through 1.4440 and 1.4460 ...

BOE Agents Report: Employment Intentions Continue To Rise

Posted:

-- Manufacturing, Businesses Services, Construction To Add Jobs LONDON (MNI) - Employment intentions suggest that there will be modest private sector jobs growth over the next six months in manufacturing and business services with a slower increase forecast for retail, according to the latest ...

BOE Minutes: MPC Splits Same Way; Hawkish Line Dropped

Posted:

--6 BOE MPC Voted for Unchanged Bank Rate; 3 for Hike --BOE MPC Dale, Weale voted for 25bps Rate Hike --BOE MPC Sentance Voted for 50bps Rate Hike ...

BOE minutes: MPC voted 6-3 to hold rates in April

Posted:

Dale and Weale still wanted 25 bps hike, Sentance still 50 bps. Voted 8-1 to hold QE at 200 bln, Posen still wanted increase 50 bln Balance of risks to mid-term CPI substantial in both directions, not changed enough over month to alter MPC views Hard to know how to interpret March CPI ...

Outgoing Finnish PM says will leave EU Portugal bailout for next govenment to present to parliament

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Update: Sweden Riksbank Hikes Key Repo Rate 25 bps To 1.75%

Posted:

--Adds Information On GDP, Inflation Forecasts FRANKFURT (MNI) - Sweden's Riksbank increased its repo rate by 25 basis points to 1.75% on Wednesday, as expected, although kept its three-year forecast for the repo rate path unchanged. "The Executive Board of the Riksbank has decided ...

Sweden’s Riksbank Hikes Key Repo Rate 25bps To 1.75%

Posted:

-Repo Rate Path Forecast FRANKFURT (MNI) - Sweden's Riksbank increased its repo rate by 25 basis points to 1.75% on Wednesday, as expected, although kept its three-year forecast for the repo rate path unchanged. "The Executive Board of the Riksbank has ...

EUR/USD extends rally

Posted:

If Middle Eastern sovereigns have been buying cable then you can bet your bottom dollar they've been buying EUR/USD as well. Risk appetite has shown no sign of abating in early European trade. We've been as high as 1.4437, presently at 1.4428. Stops were duly tripped through 1.4420 accelerating rally. Talk now of ...

Cable extends rally

Posted:

Presently up at 1.6377, with Middle Eastern and Asian sovereign buying noted. Talk now of buy stops above 1.6390.

UPDATE:Germany FDP Supports Draghi For ECB Succession: Press

Posted:

BERLIN (MNI) - Germany's Free Democrats, the junior partner in Chancellor Angela Merkel's coalition government, support Italian central bank governor Mario Draghi for the succession of European Central Bank president Jean-Claude Trichet this autumn, German business daily Handelsblatt reported Wednesday. ...

Riksbank (Sweden) raises key repo rate to 1.75% from 1.5%

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Elsewhere, the Thai central bank has also raised rates 25 bps to 2.75%.

Cable touch firmer early, BOE minutes awaited

Posted:

Cable sits at 1.6360, touch firmer from when I arrived. Market will be focused on 08:30 GMT release of latest Bank of England minutes. Strong feeling is that MPC vote to keep rates on hold remained unchanged at the last meeting. 6-3 with dale and weale calling for 25 bps hike, sentance a ...

Germany’s FDP To Support Draghi For Trichet Succession; Press

Posted:

BERLIN (MNI) - Germany's Free Democrats, the junior partner in Chancellor Angela Merkel's coalition government, support Italian central bank governor Mario Draghi for the succession of European Central Bank president Jean-Claude Trichet this autumn, German business daily Handelsblatt reported Wednesday. ...

Pop goes the weasel…..

Posted:

Barrier option interest at 1.0600 in AUD/USD is toast. We've been to 1.0603, presently 1.0595. I got told early this morning that there is possibly barrier interest at 1.0610 as well, which surprised me somewhat. Just soe's you know.

Eurostoxx 50 futures up 1.3% early

Posted:

DAX futures up 1.3%, CAC 40 futures up 1.1%.

German producer prices March +0.4% m/m, +6.2% y/y

Posted:

Below median forecasts +0.8%, +6.6% respectively.

GERMANY DATA: Producer prices in Germany rose 0.4%…

Posted:

GERMANY DATA: Producer prices in Germany rose 0.4% on the month, resulting in an annual inflation figure of +6.2%, the Federal Statistical Office reported on Wednesday. -- Germany March PPI below MNI median m/m fcast (+0.8%) -- Germany March PPI below MNI median y/y fcast (+6.5%) -- Germany March ...

JAPAN DATA: The Bank of Japan says its real export a.

Posted:

JAPAN DATA: The Bank of Japan says its real export index fell a seasonally adjusted 8.0% m/m to 113.0 in March (against 100 for the 2005 base year), the first drop in two months. The March reading was the lowest since 111.2 seen in February 2010, and the drop in ...

EUR/USD trades firmer in Asia, risk on

Posted:

Risk appetite has been boosted by strong Intel, IBM, Yahoo earnings, which have fuelled optimism for the corporate earnings season. Against this backdrop EUR/USD has fared well in Asia, up presently at 1.4385 from a North American close Tuesday down around 1.4330. European stocks look set to open firmer this morning, ...

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