Prudential

What To Expect From The ECB

The European Central Bank (ECB) will issue its latest monetary policy decision on Thursday, unanimous expectations look for the Bank to stand pat and leave its three major interest rates unchanged (deposit facility rate -0.40%, main refinancing rate 0.00% marginal lending rate 0.25%).

Frontrunning: December 7

  • Hamas calls for Palestinian uprising (Reuters)
  • Arabs, Europe, U.N. reject Trump's recognition of Jerusalem as Israeli capital (Reuters)
  • Trump Jr. Refuses to Discuss Father-Son Talk With Investigators (WSJ)
  • L.A. Fires Halt Filming, Menace Crops, Send Edison Plunging  (BBG)
  • North Korea says U.S. threats make war unavoidable as China urges calm (Reuters)

Frontrunning: November 16

  • Senate Panel Approves Tax Plan as GOP Leaders Gird for Fight (BBG)
  • U.S. towns, cities fear taxpayer revolt if Republicans kill deduction (Reuters)
  • After House Victory, Tax-Overhaul Fight Now Goes to Senate (WSJ)
  • Analysts flee Wall Street with gallows humor as research changes loom (Reuters)
  • Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig (BBG)

Traders On Hold As "Super Thursday" Looms

Yesterday's brief dip in ES has been promptly bought with US equity futures fractionally lower, Asian shares inching higher on Thursday and Europe unchanged ahead of today's Super Thursday, where we get the Republican tax bill revealed shortly before noon, the BoE's rate hike announcement, and Trump appointing Jay Powell as the next Fed chair, as well as as earnings from companies including Apple and Starbucks.

Meet New Fed Chair Jerome Powell, In His Own Words

The new Fed Chairman, Jerome Powell, has served as Federal Reserve governor for the past five years, giving him ample opportunity to express his views about the policies he will oversee. So meet Janet Yellen's replacement, in his own words...

Dow Futures Over 23,000: Dollar, Global Stocks Jump As China Congress Begins

World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China’s 19th Communist Party Congress opened while focus in Europe turned to speeches from top euro zone central bankers before next week’s key policy meeting, as well as Catalonia's ultimatum due on Thursday.

Meet The Next Fed Chair: The Definitive Cheat Sheet

With the race for the next Fed chair in its final stretch, the three frontrunners to replace Yellen are Kevin Warsh, Jerome Powell, Gary Cohn. But what are their views? Here, courtesy of BofA is the definitive cheat sheet profiling the next Fed chair, whoever that may be.

Spanish Stocks, Bonds, Euro Sink After Catalan Referendum Fiasco; S&P Futures Rise

While S&P futures were modestly higher, rising 0.1% in a quiet session in which China, South Korea, India and Hong Kong were closed for holidays, the Euro, Spanish stocks and bonds were broadly lower as Spain faces its worst constitutional crisis in years following a dramatic, violent crackdown on Sunday's Catalan independence referendum in which 89% of the voters wanted to secede from Spain.