The Day Today 12th April 2019

  • Fed’s Powell, they are independent and interest rates are at about the right level, reports Bloomberg from a Democrat retreat in Leesburg
  • President Trump’s expected nomination of Herman Cain looks in trouble, he’s expected to withdraw through lack of support as a fourth Republican senator voices concern
  • Singapore leaves rates unchanged as expected, but it had tightened the last two times, October and April last year, it will also keep the current rate of appreciation of the SGD’s nominal effective exchange rate
  • Singapore GDP slows y/y to 1.3% Q1, from 1.9% previously
  • No deal Brexit staff stood down by government
  • Asian equities down, following Wall Street’s lead, could be boosted if China trade data shows a rebound in exports
  • IMF chief welcomes Britain not crashing out of the EU but highlights there will be 6 more months of uncertainty for business
  • Julian Assange arrested but Jeremy Corbyn opposes extradition
  • Nigel Farage’s new Brexit party kicks off its European election campaign
  • Israel’s privately funded moon landing saw the spacecraft crash onto the moon’s surface
  • Chinese President Xi congratulates Kim Jong Un on his re-election
  • Uber and Lyft IPO despite Uber announcing it may never make a profit
  • PBoC 6.7220 (6.7088)
  • Options expiries EURUSD 1.1200 (1.4bn) 1.1250 (1bn), USDCAD 1.3300 (1.2bn)

US earnings kicks off today with JPMorgan and Wells Fargo before the open

On this day in 1981 the Space Shuttle first launched, exactly 20 years after the first manned space flight

It is the National Day of Silence

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