EM LATAM CREDIT: Geopark Rating Outlook to Stable From Neg
Nov-18 21:22
"Geopark Outlook to Stable by S&P; L-T Rating Affirmed" - Bbg
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
AUD: A$ Outperforms As Trump Moderates US Trade Threat & Equities Rally
Oct-19 21:20
Commodity currencies outperformed on Friday as risk appetite improved following comments from US President Trump that is was “not sustainable” to add 100% tariffs on the ones that China already faces. This drove US equities higher but also a stronger Aussie. AUDUSD fell to 0.6444 early in European trading and then trended higher reaching 0.6502 but was unable to hold the break above 65c. It is currently around 0.6496. The USD index was flat.
- AUDUSD traded below initial resistance at 0.6551, 50-day EMA, and held above initial support at 0.6440, 14 October low. A break below 0.6440 would cancel the reversal signal and reinstate a bear threat. During the recent bear leg, moving average studies have continued to highlight a dominant medium-term uptrend.
- AUDNZD fell to 1.1278 but then picked up reaching 1.1345. It is currently around 1.1323. Q3 NZ CPI is released today which has a high correlation with Australian quarterly CPI which prints 29 October.
- AUDJPY rose 0.3% to 97.847, close to the intraday high, and has started today slightly lower at 97.67. AUDEUR was up 0.5% to 0.5574 after a low of 0.5507 and is currently around 0.5566. AUDGBP was 0.2% higher at 0.4838 and is at 0.4834.
- Equities were mixed with the Euro stoxx down 0.8% but S&P up 0.5%. Oil prices were higher with Brent +0.5% to $61.34/bbl. Copper was flat and iron ore around $104/t.
- There are no data or events in Australia today.
ASIA: Coming Up In Asia Pac Markets On Monday
Oct-19 21:05
| 2245BST | 0545HKT | 0845AEDT | New Zealand Q3 CPI |
| 0001BST | 0701HKT | 1001AEDT | UK Oct Rightmove House Prices |
| 0200BST | 0900HKT | 1200AEDT | China Oct LPRs |
| 0230BST | 0930HKT | 1230AEDT | China Sep New Home Prices |
| 0300BST | 1000HKT | 1300AEDT | China Q3 GDP |
| 0300BST | 1000HKT | 1300AEDT | China Sep Acivity Figures |
| 0300BST | 1000HKT | 1300AEDT | China Sep Unemployment Rate |
| 0450BST | 1150HKT | 1450AEDT | Japan BoJ Board Member Takata Speech |
Source: Bloomberg Finance L.P./MNI
LOOK AHEAD: US Week Ahead Headlined By Delayed CPI Report On Friday
Oct-17 20:51
- The September US CPI report will be released on Friday, delayed amidst the government shutdown but with the BLS making a special exception on social security payment considerations.
- Bloomberg consensus looks for headline CPI inflation at a rounded 0.4% M/M after 0.38% back in August and for Y/Y inflation to firm two tenths to 3.1% for what would be its highest since May 2024.
- Core inflation is seen at a rounded 0.3% M/M after 0.35% in August (exceeding the median unrounded estimate of 0.31%) and 0.32% in July. It’s expected to see core CPI inflation hold at 3.1% Y/Y having in August increased to its highest since February.
- Core details should see focus on both goods and services angles: underlying goods inflation has clearly firmed in recent months on tariff pressures although the median increase has currently seen a peak back in June, whilst services will be watched for any spillover after some strong recent non-housing readings.
- The report will come within the FOMC blackout period ahead of the Oct 28-29 decision, with a 25bp cut fully priced and likely needing a large surprise to alter this.
- As for broader inflation details, Fed Chair Powell this week confusingly suggested that we will have the September PPI report but the BLS had previously said “No other releases will be rescheduled or produced until the resumption of regular government services”.
