MORNING BID-One down, two to go
MORNING BID-One down, two to go
LONDON, Dec 17 (Reuters) - A look at the day ahead from Dhara Ranasinghe and Danilo Masoni.
A day after the Federal Reserve ended its final meeting of the year with a vow to keep funnelling cash into markets until the U.S. economic recovery is secure, focus on Thursday turns to central bank meetings in the UK, Switzerland and Norway.
The Bank of England will likely refrain from yet more stimulus as it waits to see if a possible no-deal Brexit in two weeks' time can be averted.
Switzerland's central bank meanwhile may be pressed further on its currency management policy after Wednesday's move by the Trump administration to label the country a currency manipulator alongside Vietnam.
Hopes of fiscal stimulus in the United States meanwhile has lifted stock markets to record highs and helped boost oil prices to their strongest since March.
U.S. lawmakers appear to be edging closer to agreement on a $900 billion virus-relief spending package, with top Democrats and Republicans sounding more positive than before.
The dollar, however, is refusing to share in the Christmas cheer, languishing at 2-1/2 year lows as investors ditch safe assets for riskier ones.
On the corporate front, pressure is building on Big Tech after a group of U.S. states accused Google of working with Facebook to unlawfully boost its dominant online advertising business. The news, however, doesn't appear to halt Nasdaq's record breaking run.
Some signs of cooling in the IPO frenzy emerged with shares in e-commerce firm Wish down 16% in its market debut.
In Europe, there was some more bolt-on dealmaking in the biotech sector with Novartis agreeing to buy neuroscience company Cadent for up to $770 million. Credit Agricole said it had no plan to increase its Creval bid.
Key developments that should provide more direction to markets on Thursday:
* 0830 GMT SNB monetary policy announcement
* 0900 GMT Norway's central bank policy decision
* 1200 GMT Bank of England rate decision
* 1330 GMT Philadelphia Fed business outlook
* 1600 GMT ECB's Schnabel Speaks
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No Christmas cheer for the dollar
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(Reporting by Dhara Ranasinghe; Editing by Saikat Chatterjee)
((Dhara.Ranasinghe@thomsonreuters.com; +442075422684;)
路透倫敦12月17日電-達拉·拉納辛哈(Dhara Ranasinghe)和達尼洛·梅索尼(Danilo Masoni)展望了未來一天。在美聯儲(Federal Reserve)結束今年最後一次會議的前一天，美聯儲誓言將繼續向市場注入資金，直到美國經濟復甦站穩腳跟。週四的焦點轉向英國、瑞士和挪威的央行會議。英國央行(Bank Of England)可能會避免出台更多刺激措施，因為它正在等待兩週後可能無法達成協議的英國退歐能否避免。與此同時，在特朗普政府週三將瑞士列為與越南一樣的匯率操縱國之後，瑞士央行可能會在其貨幣管理政策上受到進一步壓力。與此同時，美國財政刺激的希望將股市推高至創紀錄高位，並幫助將油價推高至3月份以來的最高水平。美國國會議員似乎正在接近就9000億美元的病毒救援支出方案達成一致，民主黨人和共和黨人的高層聽起來比以前更積極。然而，美元拒絕分享聖誕節的歡呼，跌至兩年半低點，因投資者拋棄安全資產，轉投風險較高的資產。在企業方面，在美國幾個州指責谷歌與Facebook合作非法提升其占主導地位的在線廣告業務後，Big Tech面臨越來越大的壓力。然而，這一消息似乎並沒有阻止納斯達克打破紀錄的漲勢。隨着電商公司Wish的股價在上市首日下跌16%，IPO狂潮出現了一些降温的跡象。在歐洲，隨着諾華同意以高達7.7億美元的價格收購神經科學公司Cadent，生物技術領域出現了更多的補充性交易。法國農業信貸銀行(Credit Agricole)表示，沒有提高Creval出價的計劃。週四應該會為市場提供更多方向的關鍵事態發展：*格林威治時間0830瑞士央行貨幣政策聲明*0900GMT挪威央行政策決定*格林威治時間1200GMT，英國央行利率決定*格林威治時間1330費城聯儲業務展望*格林威治時間1600時，歐洲央行的施納貝爾發表講話/>沒有為美元歡呼的聖誕節 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Dhara Ranasinghe報道；Saikat Chatterjee編輯)(Dhara.Ranasinghe@thomsonreurs.com；+442075422684；)
譯文內容由第三人軟體翻譯。