UK 100
Latest price: 7,033 (1.21% Ascending)
52-week high: 7,104
52-week low: 6,183
UK 100 - 1 year chart
UK 100 - 1 week chart
Crude Oil
Latest price: 63 (-2.02% Descending)
52-week high: 115
52-week low: 46
Latest price: 1,186 (0.04% Ascending)
52-week high: 1,340
52-week low: 1,142

Sick of being the last to know what is moving the market? The team at RANsquawk speaks to analysts, journalists, brokers and traders worldwide, while constantly monitoring 30+ screens of independent feeds for potential market moving information.

Sign up for your free market squawk feed here

EUROPEAN OPENING NEWS INCLUDING: WTI crude futures continued to decline overnight

January 17 2013, 8:20am
column image



Japanese Economy Minister Amari said the JPY is still in the process of correcting from excessive strength and hopes the BoJ will understand PM Abe's strong hopes it will adopt a 2% inflation target. (Newswires) He also added that he regrets that his JPY remark on Tuesday was misinterpreted.

10yr JGBs opened lower after yesterday’s rally amid several regional banks seen selling sporadically to take profits. However, a decent bounce has been seen after Japanese participants came back from their morning break (closed up 14 ticks at 144.45). This movement coincided with the Nikkei 225 giving up early gains and plunging into negative territory. However, the index bounced back to minor positive territory (+0.1%) during the last 5 minutes of trade after Japanese economy minister Amari's comments. (RANsquawk)

Societe Generale raised China 2013 GDP growth forecast to 7.9%. (Newswires)


Spanish Treasury chief said that Spain doesn't need a bailout now; market sentiment has improved. (Newswires) The Treasury chief added that Spain will deliver on its deficit targets. 


Overnight, the JPY has weakened following Japanese economy minister Amari's comments ahead of the Bank of Japan’s policy meeting next week. Elsewhere, AUD/USD trended lower throughout the session after the release of the disappointing Australian employment change data, which came at -5.5K vs. Exp. 4.0K (Prev. 13.9K). Meanwhile, safe haven flows have also benefited the USD with EUR/USD giving up its early gains and currently trades in minor negative territory heading into the EU open. (RANsquawk)


Heading into the European open, WTI crude futures continued to decline overnight on the back of USD strength and some profit taking. WTI futures trades USD 94.01, down USD 0.23. Last price taken at 0620GMT. (RANsquawk) 


T-notes traded range-bound for the most part yesterday's session, with the 10s yield oscillating around 1.82% and the 30yr yield marginally above 3.00% following the latest long-end Fed POMO operation in this maturity range. The 30yr yield did fall below the 3.0% level at the pit open however moved higher as treasuries fell in combination with equity strength and risk-on sentiment. 10s BE finished down 2.4bps in reaction to the US CPI data points in early trade despite the flat and in-line reading at 0.0%. At the pit close T-notes settled at 132.09+, up 1 tick. T-notes drifted higher overnight, heading into the European open up 2 ticks at 132.11+. Last price taken at 0620GMT. (RANsquawk)

Fed's Kocherlakota said unclear if Fed openness deferring borrowing and 5.5% unemployment would signal return to normal. (Newswires) 

Fed's Fisher said monetary policy impact of Fed bond purchases is declining over time and asset buying becoming less effective. (Newswires) He also added that the debt ceiling is a source of major uncertainty for business. 

You can now follow real-time news headlines on the move with the new RANsquawk app available to download for free at for Apple iPhone, Blackberry and Android users. Please note the headlines can be viewed on the app between 0630GMT/0030CST to 2200GMT/1600CST Monday to Friday but does not include Asian-Pacific news.




The information within this website has been prepared and issued by Real-time Analysis & News Limited on the basis of publicly available information and other sources believed to be reliable. Whilst all reasonable care is taken to ensure that the facts stated are accurate, neither Real-time Analysis & News Limited nor any director, officer or employee shall in any way be responsible for its contents. This document is intended to provide clients with information and should not be construed as an offer or solicitation to buy or sell securities. No investment advice The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.