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  • Calendar event / Yesterday at 23:50 GMT
    High Industrial Output (on month)
    +0.8%
    +1%
    Med Inventory-Shipments Ratio (on month)
    -1.4%
    Med Shipments (on month)
    +0.4%
    Med Inventories (on month)
    0%
    Med Companies Forecast Ind Output In Following Month
    +0.5%
    Med Companies Forecast Ind Output Two Months Later
    -0.5%
    Med Industrial Output For 3 Month Period (on quarter)
  • Calendar event / Yesterday at 23:30 GMT

    JP CPI (Tokyo), CPI ex-Food (Tokyo)

    forecast
    actual
    Med Tokyo Core CPI (on year)
    +0.1%
    +0.2%
    Med Tokyo Overall CPI (on year)
    +0.5%
    Med Tokyo Overall CPI (on month)
    +0.1%
  • Calendar event / Yesterday at 23:30 GMT
    High Japan Overall CPI (on year)
    +0.6%
    Med Japan Core CPI (on year)
    +0.2%
    +0.3%
    Med Japan Overall CPI (on month)
    +0.4%
  • Squawk / Yesterday at 12:47 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    Charting US initial jobless claims:

    First-time applications for jobless benefits rose to 282,000 last week (270,000 expected) from 275,000 a week early, according to the Labor Department. It is the 12th straight week with claims below 300,000. Jobless claims continue to paint a picture of an improving labour market and the unemployment rate could cross below 5% this year (5.4% currently).

    The May US employment report will be released on June 5 with consensus expecting a gain of 218,000 in nonfarm payrolls at the moment.
    Read the Squawk
  • Article / Yesterday at 10:54 GMT

    Opec summit looms large as market awaits US oil print

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Opec summit looms large as market awaits US oil print
    Both Brent and WTI crude oil are hovering just above support following a three-day decline. Some ballast is currently being provided by the expectation that today's US inventory report will show that crude inventories eased for a fourth week while US production continued to decline.
    Read the article
  • Saxo TV / Yesterday at 9:50 GMT

    Hansen: Why I'm not calling it an oil rally, yet

    Ole Hansen
    Ole Hansen, Saxo Bank's Head of Commodity Strategy, was shocked by the meteoric decline in oil over the past year, as were most analysts. Prices have since stabilised around USD 60 from the January 2015 low of USD 44.80. Ole isn't convinced that the recent rebound constitutes a rally as three risk factors remain: ISS militants in the Middle East, global oversupplies, and inflated bullish demand expectations.
    watch video
  • Squawk / Yesterday at 9:00 GMT
    Chairman, Saxo Capital Markets UK Limited / Saxo Bank
    United Kingdom
    The first revision of Q1 2015 UK GDP data was a slight disappointment, in that the reading was unchanged from the first, advance, release at +0.3% qoq, below expectations, which were for +0.4%.

    Looking at the details, although gross capital formation came in at a healthy +1.5%, consumption growth, at 0.5% qoq was the most important shortfall, given expectations for +0.7% and the fact that consumption accounts for 70% of the UK economy. Maybe this is yet another vestige of the effect that election uncertainty had upon ‘animal spirits’ in the economy.
    Read the Squawk