LOOK AHEAD: UK Timeline of Key Events (Times BST)

Sep-19 05:23
Date UK Period Event
20-Sep 0001 Aug XpertHR pay deals for whole economy
20-Sep 0700 Aug Consumer inflation report / Producer Prices
21-Sep 0700 Aug Public Sector Finances
21-Sep 1200 Sep Bank Of England Interest Rate
22-Sep 0001 Sep Gfk Monthly Consumer Confidence
22-Sep 0700 Aug Retail Sales
22-Sep 0930 Sep S&P Global Manufacturing/Services/Composite PMI flash
22-Sep 1100 Sep CBI Industrial Trends
25-Sep 1100 Sep CBI Distributive Trades
28-Sep 1030 - BoE's Hauser Speaks at MNI
29-Sep 0700 Q2 GDP Second Estimate / Quarterly current account balance
29-Sep 0930 Aug BOE M4 / Lending to Individuals
29-Sep - - Publication of the Treasury bill calendar for October-December 2023.
30-Sep 1500 - BoE's Cunliffe Speaks in Leeds
03-Oct 0001 Sep BRC Monthly Shop Price Index
05-Oct 0700 Sep BOE DMP Survey / IHS Markit/CIPS Construction PMI
10-Oct 0930 Sep BRC-KPMG Shop Sales Monitor

Historical bullets

US TSYS: Markets Roundup: Rates Off Week Lows, Focus on Eco-Summit Next Week

Aug-18 19:28
  • US Rates are holding moderately firmer levels after the bell late Friday, inside a relatively narrow range following Thursday's sell-off to new contract lows. A quiet end to the week with no economic data Friday, or next Monday for that matter, or Fed speakers until next week.
  • Chicago Fed President Goolsbee returns with opening remarks at a Fed listens event on youth employment at 1430ET Tuesday, followed by a fireside chat with Gov Bowman at 1530ET Tuesday.
  • Markets eager for details on next week's KC Fed Economic Policy Symposium in Jackson Hole: ‘Structural Shifts in the Global Economy,’ from August 24 to August 26 (schedule/attendees list likely announced the evening of the 24th).
  • Treasury futures bounced off early session lows to new session highs in midmorning trade, shy of overnight highs with obvious headline or block/cross driver. Cross-market/asset: Bunds inched higher after the cash open in stocks, Gilts off session lows; West Texas crude climbed .88 to 81.27 while Gold recede -1.45 to 1887.99..
  • USD index held marginal negative territory. The Japanese Yen is the strongest performer in G10, with USDJPY slowly gravitating back towards session lows and the important pivotal support around 145.10.

US: Japan-ROK: Biden-Kishida-Yoon Joint Press Conference Underway Shortly

Aug-18 18:58

President Biden, South Korean President Yoon Suk Yeol, and Japanese Prime Minister Fumio Kishida are shortly due to conduct a joint press conference following the conclusion of their historic trilateral summit at Camp David, Maryland.

  • Livestream: Link
  • The Camp David summit is the first-ever tripartite meeting solely involving the three nations' leaders outside of the constraints of an international gathering and appears set to deliver President Biden one of his most significant foreign policy wins of his first term in the White House.
  • More information in today's edition of our US Daily Brief.
  • Summary of White House National Security Advisor Jake Sullivan's press preview of the summit: Link

STIR: BLOCK, Late SFRF'4/SFRM'5 SOFR Call Spread Spread

Aug-18 18:56
  • 20,000 SFRF4 95.12/95.62 call spds vs. SFRM5 96.75/97.25 call spds, 9.5 net SFRM5 over at 1432:35ET