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  • 3h
    kirand kirand
    its very good platform
  • Squawk / 5 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    And now for the weak data: US initial jobless claims rose 329,000 last week vs. 315,000 expected while the prior figure was revised 1,000 higher to 305,000. Continuing claims dropped to 2.68 million from 2.751mn.
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  • Squawk / 5 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Boom! US durable goods orders rose 2.6% m/m in March vs. 2% expected and 2.1% prior. Core orders (ex transportation) climbed 2% vs. 0.6% and 0.1% prior.
    Even more importantly for GDP capital goods shipments climbed 1% as expected while February was revised to 0.7% from 0.5%. And key to further (GDP) investment capital goods orders ex. defense and aircrafts jumped 2.2% vs. 1.5% expected while February was revised to -1.1% from -1.3%. Solid, solid report...
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    5h
    Ken Veksler Ken Veksler
    Surely a 2 way street, bad weather can only ever improve, right?
    5h
    fxtime fxtime
    LOL
    5h
    Mads Koefoed Mads Koefoed
    At least the spring holidays are getting blamed for the weak jobless claims print, so we do have some sort of normalcy around here...
  • Calendar event / 5 hours ago
    High Weekly Jobless Claims
    315K
    329K
    High Cont Jobless Claims (prior week)
    2680000
    Med Unemployment Insurance Weekly Claims Report - Initial Claims
    Med Weekly Jobless Claims Net Change
    +24K
    Med Cont Jobless Claims Net Chg (prior week)
    -61K
  • Squawk / 7 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    The Turkish central bank has just announced that it keeps all three key policy rates unchanged. This implies that the benchmark repo rate is unchanged at 10% while the lending and borrowing rates are 12% and 8% respectively.
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  • Squawk / 9 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Spain has just completed a EUR 2.65 billion auction of 10-year government bonds. The average yield was 3.059% with a bid-to-cover of 2.31. This is the lowest yield on record, the previous low was 3.165% back in September 2005.
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  • Squawk / 10 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    German IFO better than expected in April. The business climate index climbed to 111.2 from 110.7 last month while consensus had expected 110.4.
    The current assessment index was mostly unchanged at 115.3 from 115.2 and 115.6 expected, so the improvement in the headline index came from the expectations index, which rose to 107.3 from 106.4. Consensus had predicted a drop to 105.8.
    Overall a solid report made even better by the fact that it is the expectations index, which is the main driver.
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    9h
    Juhani Huopainen Juhani Huopainen
    The pickup in expectations is particularly nice, as the construction sector's expectations are going through a negative seasonal patch. Here's the link to the press release: https://www.cesifo-group.de/ifoHome/facts/Survey-Results/Business-Climate/Geschaeftsklima-Archiv/2014/Geschaeftsklima-20140424.html...
  • Squawk / 11 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    French manufacturing confidence declined to 100 in April as expected. However the drop came about as a result of an upward revision to March from 100 to 101.

    Overall business confidence also declined to 94 vs. 96 expected and 95 prior as the order outlook weakened while inventories rose. Not a good report.
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