US DATA: AHE Beat Clouded By Lower Hours, Doesn’t Trouble Productivity Strength
Jan-09 14:26
* Average hourly earnings were close to expectations in December at 0.325% M/M (cons 0.3) although...
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EQUITIES: US Cash Opening calls
Dec-10 14:26
SPX: 6,839.2 (-0.0%); $DJIA: 47,532 (-0.1%/-28pts); NDX: 25,636.6 (-0.1%).
BOC: Analysts Unanimous On Dec Hold, Diverge On Whether Next Move Is A Hike
Dec-10 14:20
Analysts are unanimous on a December rate hold by the BOC. See table below for current views.
- Almost all analysts have removed any further rate cuts from their outlook since the October meeting and, latterly, the November labour market report.
- Some have started to see rate hikes by early 2027 enter their base case (Scotiabank already had hikes as part of their outlook).
- No Canadian analysts see further cuts. Some non-Canadian institutions see the BOC's easing cycle as not-quite-over: BofA expects two 25bp cuts early next year, with ING eyeing a final 25bp cut.
EGB OPTIONS: Schatz outright Call buyer
Dec-10 14:16
DUH7 107c, bought for 5.75 in 5k.
