Bank of England

Frontrunning: November 22

  • Uber Is Facing Yet Another Irate UK Watchdog (BBG)
  • Oil Is Heading Towards a Two-Year High (BBG)
  • Regulators to press Uber after it admits covering up data breach (Reuters)
  • FOMO Fails to Drive European Stocks While Rest of World Parties (BBG)
  • Putin Hosts Assad in Sochi Ahead of Syria Summit (WSJ)

Keep Calm & Carry On

“Before long, we will all begin to find out the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and consumption...”

Why Australia's Economy Is A House Of Cards

"For over a quarter of a century our economy mostly grew because of dumb luck... As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble....Unfortunately for Australia, that “lucky” free ride is just about to end..."

Key Events In The Coming Week: Taxes, Inflation, Yellen, Draghi, Kuroda And Brexit

This week’s economic calendar features several key data releases and Fedspeak. The main data release in US include: CPI inflation, retail sales, industrial production, housing data and monthly budget statement.Away from the data the ECB’s Draghi, Fed’s Yellen, BoE’s Carney and BoJ’s Kuroda are all scheduled to participate on a policy panel hosted by the ECB.

London House Prices "Battered From All Sides"

A balance of 63% of respondents reported a drop in London house prices in October, the worst result since 2009. Further falls in the pipeline, according to the Royal Institute of Chartered Surveyors.

Cable Concerns Mount As Brexit Negotiations Begin Again

European diplomats began hashing out what they want from the next stage of Brexit talks this week, seeking a united stance they can present to the U.K. For now, cable has been relatively stable, but as Bloomberg's Mark Cudmore warns, the pound's resilience to negative news may not last much longer.

Frontrunning: November 6

  • Gunman kills 26 in Texas (Reuters)
  • Trump Urges Japan to Buy More U.S. Military Equipment (WSJ)
  • Ex-Catalan leader granted freedom to campaign for independence (Reuters)
  • House begins revising Republican tax bill to quell dissent (Reuters)
  • Why the Next Four Days Will Be Crucial for the GOP Tax Bill (BBG)
  • Broadcom offers to buy mobile chipmaker Qualcomm for $103 billion (Reuters)

Global Stocks Drift Lower As US Futures Rebound From Overnight Scare, Oil At 2 Year Highs

Following an early shaky start, which saw the Hang Seng tumble as much as 1.6% driven by weakness in financials and real estate names following the latest warning by PBOC governor Zhou about "sudden, complex, hidden, contagious, hazardous" risks In markets and a decline in local real estate prices, and pressure global risk, US equity futures have recouped all losses and are back to unchanged on monday morning.