Author: Adam Button

Q&A time: Watch Draghi live in European parliament

Live stream of Draghi May 29, 2017 Come for the monetary policy, stay for the long-winded political grandstanding. . Watch it here It's scheduled for two hours, followed by an additional hour where Draghi will put on his hat as Chairman of the European Systemic Risk Board.

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Author: Adam Button
5

Draghi: Downside risks to growth are further diminishing

Draghi upbeat - Eurozone upswing is increasingly solid - Some of the tail risks have receded measurably - We remain firmly convinced that an extraordinary amount of mon pol support, including further guidance, is still necessary Draghi has moved the needle a tad further but it's in the same pattern and tone as before. He's said before that the economy was improving; now it's further improving.

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Author: Mike Paterson
5

Can Draghi produce a spark of life today?

ECB president Mario Draghi is due to speak at 13.00 GMT 29 May Yes folks, it's a ray of hope amidst a session of apathy but we do have the Draghster scheduled to speak at 13.00 GMT and 15.00 GMT

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Author: Mike Paterson
2

More from Nowotny: Shouldn't speculate on outcome of June ECB meeting

Austrian central bank governor now speaking to reporters in Vienna 29 May - seeing positive news on growth - expects more wage dynamics once upswing is consolidated Nowotny trying to play down expectations of those second-guessing the ECB ahead of next month's meeting.

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Author: Mike Paterson
2

Eurozone April M3 money supply yy +4.9% vs +5.2% expected

Eurozone April lending data 29 May - +5.3% prev - adj household lending growth +2.4% yy vs prelim 2.4% in March - non-financial corp lending +2.4% vs 2.3% prev, Cheap money from the ECB still making its way into the economy even if not all as fast as they would have liked perhaps. Annual growth rates slowing.

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Author: Mike Paterson

SNB total sight deposits w-e 26 May CHF 575.973 bln vs 575.09 bln prev

Swiss National Bank  sight deposits w-e 26 May - domestic CHF 489.295 bln vs 487.48 bln prev SNB still keeping a hand on the tiller. Total sight depos inc other depos on sight in CHF. Sight depos are the accounts of commercial banks with the SNB and make up a large part of the banking system's liquidity. The SNB increase sight deposits by FX swaps and repos of its own debt.

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Author: Mike Paterson
3

BOJ's Kuroda says non-traditional policy to stabilize markets is effective

BOJ governor Kuroda speaking at a conference in Tokyo earlier today 27 May - non-traditional policies are very effective in supporting the economy - very important to maintain, improve market functions Crikey, I can't shake the jaw-boning one off even at the week-end.

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Author: Adam Button

China signals tighter peg to US dollar

PBOC bills the move as a countercyclical tweak, market watchers not convinced Chinese leaders revealed a 'countercyclical' measure to its currency-management model in something that it said will prevent big swings.

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Author: Mike Paterson

Japan's Lower House approves two new members of BOJ board

Bloomberg with the headline 26 May - Hitoshi Suzuki and Goshi Katoaka confirmed by Lower House The two were nominated in April to replace two dissenting members, Kiuchi and Sato, who were opposed to Kuroda's policies but whose terms were up in July anyway so not a coup as such.

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Author: Eamonn Sheridan
1

PBOC 'is effectively anchoring the yuan to the dollar'

The Wall Street Journal overnight on People's Bank of China efforts to stabilise the CNY - China's central bank is effectively anchoring the yuan to the dollar The Journal piece is here, may be gated:

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Author: Eamonn Sheridan

PBOC sets USD/CNY central rate at 6.8698 (vs. yesterday at 6.8695)

The reference rate is barely  changed for the USD/CNY today. Open Market Operations: - To inject 20 bn yuan through 7-day reverse repos - To inject 20 bn yuan through 14-day reverse repos   There are 20bn yuan of maturing reverse repos today ... so a net 20bn yuan injection today.

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