FC: EU MORNING BULLETS : 12TH-MARCH-2018 March 12, 2018 at 07:21AM


* China amended constitution allowing President Xi to rule for life.

* CFTC Speculative shorts in US Treasury futures increase across the board with 5y net shorts rising to record high.

* Stock market recovery continues in late NY and Asia with Nikkei +1.7%,Hang Seng +1.7% and the ASX +0.6%.

* Merkel and Macron will not present their common German/French reform plans at the EU summit on 22 March because Germany is not ready yet, Spiegel quotes EU sources.

* Incoming German health minister Spahn rejects euro finance minister.

* EU wants to set up labour agency in 2019.

* ECB staff assumes mid-2019 rate hike in projections (Reuters sources).

* ECB Lane is said to become chief economist, not ECB President (Times).

* Fed Rosengren (hawk) said Fed should consider more than 3 hikes this year amid fiscal stimulus.

* Fed Bullard (dove) warned 4 hikes could put downward pressure on inflation as balance sheet unwind is becoming “more and more forceful”.

* Fed Evens (dove) sees merit in waiting just a little longer with next hike to see if inflation picks up. He said the labour market is “vibrant“ and now is a good time for Fed to review inflation target.

* BIS says central banks “need not fear volatility” and should stay on path of policy normalisation.

* BIS : China, Canada and HK are most at risk of banking crisis (Q. Review).

* US Pres Trump threatened again with car tariffs against EU, which needs to “drop their horrific barriers and tariffs”.

* EU did not get clarity on procedure for exemption, talks to continue this week.

* Macron told Trump EU will react “clearly and proportionately”.

* Germany and China reiterated tariff moves threaten global trade.

* Italy publishes 2017 hopusehold Income and wealth today at 2pm, and just the US monthly Budget statement at 6pm.


Read More… Like : EU MORNING BULLETS : 12TH-MARCH-2018 March 12, 2018 at 07:21AM

Read more news on oursite:
UK news UK companies news Sterling pound news EU news EU companies news Euro news US news US companies news US Dollar news Japanese Yen news Chinese Yuan news Trading EU Shares Commodities news Crytocurrency news Major Currency Pairs Update fonecable中文版(简) fonecable中文版(繁) fonecable日文版 and more…

fcfx-hxcm-18 FCFX-efx-card18-multicurrency plus500-fcfx