MORNING BID-All I want for Xmas is a Brexit deal
MORNING BID-All I want for Xmas is a Brexit deal
LONDON, Dec 24 (Reuters) - A look at the day ahead from Sujata Rao
Markets are looking past risks of a year-end U.S. government shutdown and focusing squarely on a Brexit deal which apparently is about to be clinched, ending 4-1/2 years of recriminations, market volatility and, of late, chaos at the Anglo-French border. The last may even have lent the talks extra impetus -- find an agreement or face more of the same after Dec. 31.
World shares are up, European bourses (on what will be a shortened trading day) are opening higher. The pound is up half a percent and waiting for concrete news before making a move towards the 2-1/2-year highs hit last week against the dollar.
Elsewhere, news isn't that positive. Alibaba's Hong Kong-listed shares slumped 8.13% after China said it would investigate the tech giant for suspected monopolistic behaviour.
President Donald Trump, with less than a month to go in office, has threatened to veto a $2.3 trillion funding package, which includes a pandemic relief deal.
A government shutdown -- a repeat of one Trump triggered two years ago -- would come at the worst possible time -- pandemic vaccinations are in full swing and this week's data underscored steady economic deterioration, with high unemployment as well as weakening consumer spending, home sales and incomes.
But the risk-on mood, confidence in a 2021 economic rebound and the prospect of more stimulus under a new White House administration are weighing on bonds, with U.S. 10-year yields scaling 0.94% and the 2-year/10-year yield gap to the widest since 2017. UK 10-year yields are poised to go higher too after Wednesday's 10 basis-point jump to 0.31%.
On emerging markets, all eyes on Turkey where the central bank may deliver a 150 basis-point interest rate hike as the new governor attempts to restore credibility.
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Sterling since Brexit
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(Edited by Karin Strohecker
(There will be no Morning Bid on Dec 25 and Dec 28 because of Christmas holidays)
LONDON, Dec 24 (Reuters) - A look at the day ahead from Sujata Rao
Markets are looking past risks of a year-end U.S. government shutdown and focusing squarely on a Brexit deal which apparently is about to be clinched, ending 4-1/2 years of recriminations, market volatility and, of late, chaos at the Anglo-French border. The last may even have lent the talks extra impetus -- find an agreement or face more of the same after Dec. 31.
World shares are up, European bourses (on what will be a shortened trading day) are opening higher. The pound is up half a percent and waiting for concrete news before making a move towards the 2-1/2-year highs hit last week against the dollar.
Elsewhere, news isn't that positive. Alibaba's Hong Kong-listed shares slumped 8.13% after China said it would investigate the tech giant for suspected monopolistic behaviour.
President Donald Trump, with less than a month to go in office, has threatened to veto a $2.3 trillion funding package, which includes a pandemic relief deal.
A government shutdown -- a repeat of one Trump triggered two years ago -- would come at the worst possible time -- pandemic vaccinations are in full swing and this week's data underscored steady economic deterioration, with high unemployment as well as weakening consumer spending, home sales and incomes.
But the risk-on mood, confidence in a 2021 economic rebound and the prospect of more stimulus under a new White House administration are weighing on bonds, with U.S. 10-year yields scaling 0.94% and the 2-year/10-year yield gap to the widest since 2017. UK 10-year yields are poised to go higher too after Wednesday's 10 basis-point jump to 0.31%.
On emerging markets, all eyes on Turkey where the central bank may deliver a 150 basis-point interest rate hike as the new governor attempts to restore credibility.
/><^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Sterling since Brexit
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Edited by Karin Strohecker
(由於聖誕節假期，12月25日和12月28日將不會有上午的競標)路透倫敦12月24日電-Sujata Rao展望未來一天市場正在摒棄美國政府年底關門的風險，直接關注英國退歐協議，該協議顯然即將敲定，結束了長達4年半的相互指責、市場波動以及最近英法邊境的混亂。最後一個問題甚至可能為談判提供了額外的動力--要麼達成協議，要麼在12月31日之後面臨更多同樣的問題。全球股市上漲，歐洲股市(交易日將縮短)開盤走高。英鎊兑美元上漲0.5%，等待具體消息，然後再向上週觸及的兩年半高位邁進.在其他地方，消息並不是那麼積極。阿里巴巴-SW在香港上市的股票暴跌8.13%，此前中國表示將對這家科技巨頭涉嫌壟斷行為進行調查。距離就職還有不到一個月的時間，唐納德·特朗普(Donald Trump)總統威脅要否決一項2.3萬億美元的一攬子資金計劃，其中包括一項大流行救援協議。政府關門--重蹈兩年前特朗普的覆轍--可能出現在最糟糕的時候--大流行疫苗接種正在如火如荼地進行，本週的數據突顯了經濟的穩步惡化，高失業率以及消費者支出、房屋銷售和收入的疲軟。但冒險情緒、對2021年經濟反彈的信心以及白宮新政府出台更多刺激措施的前景正在拖累債券，美國10年期國債收益率攀升0.94%，2年期/10年期國債收益率差升至2017年以來的最大水平。在週三上漲10個基點至0.31%後，英國10年期公債收益率也有望走高。在新興市場，所有人的目光都集中在土耳其，隨着新任行長試圖恢復信譽，土耳其央行可能會加息150個基點。/>英國退歐以來的英鎊 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Karin Stroherker編輯)
譯文內容由第三人軟體翻譯。
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