BOE

Watch Live: Draghi, Kuroda, Carney, & Poloz Set The World's Markets Straight At The ECB Forum

Draghi's speech at the ECB Forum yesterday was intended to strike a balance between recognizing the currency bloc’s economic strength and warning that monetary support is still needed, according to Bloomberg, and it only took two post-speech clarifications to get the market to understand exactly what he was saying... which was nothing has changed. The main event today at the ECB Forum in Sintra is a policy panel With ECB's Draghi, BOE’s Carney, BOJ’s Kuroda, BOC’s Poloz due to appear at 2:30pm London...

Key Events In The Coming Busy Week: Yellen, Inflation, Durables And GDP

The main releases this week are the durable goods report on Monday, the Q1 GDP revision on Thursday, and the personal income and spending report on Friday. There are also many speaking engagements by Fed officials including a speech by Fed Chair Yellen on Tuesday.

Theresa May Strikes $1 Billion Governing Deal With Northern Irish Party

U.K. PM Theresa May clinched a deal with Northern Irish lawmakers giving her Conservative Party the necessary votes it needs to govern as a minority administration.  The deal provides Mrs. May's party with the extra votes it needs to pass critical legislation and remain in office.

Italy Bank Bailouts Send European, Global Stocks Higher; Gold Flash Crashes

S&P futures point to a higher open following gains in Asia but mostly Europe, where stocks are sharply higher following the €17 billion bailout of the two Veneto banks in Italy, the biggest taxpayer funded bank rescue in modern Italian history, as well as Dan Loeb's activist campaign of the world's biggest food company, Nestle

Prepare For A Surge In Volume: Russell Rebalance Day Is Here

Welcome to the one year anniversary of the Brexit vote. Welcome also to the annual Russell rebalance, traditionally one of the busiest trading days of the year: last year's rebalance helped propel a near record turnover of over 15 billion shares. In fact, in four of the last five years, reconstitution day ranked in the 10 busiest trading sessions.

Europe Slides For Third Day As Oil Attempts A Rebound; US Futures Flat

US equity futures were marginally in the red, while Asian markets rose and European stocks dropped. WTI oil rose 0.61% to $42.79 as some suggest the time to go long has arrived; oil tumbled 2.3% in the previous session. The Bloomberg Dollar Spot Index fell 0.1 percent.

Pound Surges As BOE Chief Economist "Leans Toward" Hiking Rates In 2017

One week after the pound surged following the BOE's unexpectedly hawkish 5-3 vote split, then tumbled after Mark Carney's speech yesterday which suggested no rate hike is coming any time soon, today, for the third time in almost as many days, all GBPUSD stops were taken out after BoE Chief Economist, Andy Haldane, surprised the market with unexpectedly hawkish comments.

Oil Bear Market Sends Global Stocks, Yields Sliding; Chinese MSCI Addition Fizzles

In an eventful overnight session which saw a historic transition in Saudi Arabia, an unexpeted Republican victory in the Georgia Special Election, China's inclusion in the MSCI EM index and Travis Kalanick's resignation, S&P futures continued to fall, alongside stock markets in Asia and Europe, while oil prices extended their drop despite a larger than expected draw reported by API on Tuesday.

Futures, European Stocks Flat As Oil Suddenly Tumbles; Pound Slides

European stocks were flat after starting off strongly earlier, dragged lower by energy stocks. Asian stocks, U.S. futures little changed as oil tumbled with Brent tumbling as low as $45.85/bbl to the lowest intraday since November 30 and taking out a 38.2% Fib support, after a one-minute spike in volume to a day-high 5,208 lots just after 6am, with WTI mirroring Brent's momentum, and falling as much as 98c to $43.22, lowest since November 14.