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  • Squawk / 22 minutes 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.
    Read the Squawk
  • Squawk / 1 hour 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.
    Read the Squawk
  • Article / 2 hours ago

    Keystone Pipeline and the Loonie

    Michael O'Neill Michael O'Neill
    FX Consultant / IFXA Ltd
    Canada
    Keystone Pipeline and the Loonie Read the article
  • Squawk / Yesterday at 14:05 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    New home sales plummets 14.5% month-on-month to 384,000 in March in the US, far from the consensus expectation of +2.3%. Furthermore the decline in new home sales in February was revised to 4.5% from 3.3%.

    Sales declined most in the Midwest to 51,000 from 65,000, a drop of 21.5% m/m, followed by the West and South. The Northeast recorded a minor increase to 27,000 from 24,000.

    While the report surprised consensus it would not come as a shock to those watching the housing starts series, which had been signalling a drop in sales (chart 1).
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  • 19h
    DP DP
    Love the bottom one as usual :)
    19h
    Juhani Huopainen Juhani Huopainen
    It's difficult not to like it. Perhaps in June or so it breaks, when the ECB finally gets around to doing something. Or perhaps the pattern will...
  • Squawk / Yesterday at 9:41 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Portugal has just finalised its first 10-year government bond auction in three years. The target of EUR 500-750 million was achieved (750mn) at an average yield of 3.5752% and a bid-to-cover ratio of 3.47.
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    11h
    benlouro benlouro
    big and easy Money been made in the last 4 -5 yrs.