Bank of England

Frontrunning: November 28

  • Trump Alleges That ‘Millions of People’ Voted Illegally (WSJ)
  • Oil slip sends dollar, bond yields skidding (Reuters)
  • Italian Lenders Slide on Vote Worries to Drag Down Europe Stocks (BBG)
  • OPEC makes last-ditch bid to save oil deal as tensions grow (Reuters)
  • How Iran, Russia Could Derail Oil-Production Deal (WSJ)
  • Tug of War Delays Some of Trump’s Key Appointments (WSJ)

Frontrunning: November 22

  • Record highs for Wall Street quartet send other stocks higher (Reuters)
  • Oil prices rise to highest this month on hopes of OPEC deal (Reuters)
  • OPEC Likely to Reach Output Consensus, Delegate Says (WSJ)
  • Trump’s Targets in First 100 Days: Trade, Regulation, Corruption (BBG)
  • Trump Poised to Push Nafta Changes, Pressure Mexico on Trade (WSJ)

Frontrunning: November 18

  • Dollar heads for best fortnight vs. yen since 1988 (Reuters)
  • Jeff Sessions Said to Be Trump’s Pick for Attorney General (BBG)
  • Flynn set to be national security adviser (Reuters)
  • NATO Secretary General Expects to Speak With Trump ‘Very Soon’ (BBG)
  • Hensarling Could Be Wall Street’s Best Hope or Worst Nightmare (BBG)

Frontrunning: November 17

  • Dollar halts charge as bashed bonds steady (Reuters)
  • BOJ Fires Warning at Bond Market With Unlimited Buying Plan (BBG)
  • Trump Flouts Traditions Heading Into an Office Defined by Them (BBG)
  • Mr. Hedge Fund Goes to Washington, Looking for Ally in Trump (BBG)
  • Donald Trump’s Son-in-Law, Jared Kushner, Could Get Key White House Role (WSJ)

Frontrunning: November 16

  • U.S. stock futures slip as post-election rally slows (Reuters)
  • Pence Ousts Lobbyists From Transition Team (WSJ)
  • Infighting hits Trump’s foreign policy transition (FT)
  • Trump’s Win and Transition Turmoil Buy Time for FBI Chief Comey (BBG)
  • Elizabeth Warren Sends Donald Trump Letter Criticizing Transition Team’s Wall Street Ties (WSJ)
  • Saudi Arabia set to reveal depth of oil reserves (FT)

The Secret World Of Indian Currency Printers

The recent decision to abolish several high-denomination Indian bank-notes was taken with a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes. However, it appears the new currency notes are being printed with the involvement of the same blacklisted companies that in fact were the source of fake notes to Pakistan in the first place.

Frontrunning: November 4

  • Stocks Extend Pre-Vote Selloff as Treasuries Gain; Lira Weakens (BBG)
  • Fears over US election spur investors’ dash for cash (FT)
  • Republican Voters Rallying to Trump Leave Party Leaders in Awkward Spot (BBG)
  • Trump gains ground on Clinton: Reuters/Ipsos States of the Nation (Reuters)
  • Hillary Clinton take 3-point lead in the latest ABC News/Washington Post tracking poll results (ABC)

Global Stocks Drop; Futures Hints At Longest Losing Streak Since December 1980

With yesterday's, 8th consecutive decline for the S&P 500, the US equity market has now posted the longest losing streak since October 2008; and should we close payrolls Friday day with another negative print, it would be the longest negative streak since December 1980. Putting the recent slide in context, stocks are now down compared to a year ago, and are unchanged since December 2014.

BOE Keeps Rates Unchanged, Drops Guidance To Further Rate Cuts, GBP Jumps

In a widely expected announcement, the Bank of England kept it bank rate unchanged at 0.25%, as well as holding it government bond purchases at £435bn and corporate bond purchases at up to £10bn. Among the notable highlights in the report, the BOE said that "monetary policy can respond, in either direction, to changes to the economic outlook", which appears to have pushed sterling higher.