HALISTER1: INSIDE G-10: Dollar Gains Across the Board Ahead of FOMC Minutes

INSIDE G-10: Dollar Gains Across the Board Ahead of FOMC Minutes

(Bloomberg) -- USD gains vs most currencies as hawkish comments from FOMC officials spur speculation of U.S. rate increase as soon as next quarter, with focus turning to minutes of FOMC meeting today.
  • Oil holds near 7-mo. high as U.S. industry data shows crude stockpiles declined, trimming a glut
  • EUR/USD drops as much as 0.5% to 1.1256, lowest since April 26
    • EUR/USD 1-wk 25d risk reversal drops to -0.42 vol, the most bearish sentiment since March 10
    • April FOMC minutes may open door to a hike before the end of the summer, but not point to June explicitly, Citigroup says
    • SEB Investment Management is avoiding U.S. stock markets and dramatically cutting its risk allocation as prospect of Fed rate increases; tactically slightly long USD
  • GBP/USD drops as much as -0.41% to 1.4404
  • Supports at 1.4398, May 17 low, 1.4342-33, 100-DMA, May 16 low
    • U.K. jobs market showed signs of cooling in 1Q with employment growth slowing, jobless rate remaining at 5.1%
    • Haldane speaks at 8pm BST at the New City Agenda Annual Dinner in London
  • EUR/GBP little changed at 0.7824, breaking below Ichimoku cloud today for 1st time this year; resistance 0.7842/46, support 0.7801
  • BBDXY +0.48% at 1,192.23
  • USD/JPY +0.22% to 109.38 vs range 108.72-109.61
    • 1Q GDP rose 1.7% annualized SA q/q vs median est. of +0.3%
    • Japan 1Q GDP may be cut after surprising most in 3 yrs, analysis shows
    • Elephant in the room at this week’s G-7 is sure to be the yen
  • AUD among worst performers within G10 basket
    • Australian wage growth slowed in 1Q, with wage price index at record low +0.4% q/q vs +0.5% in 4Q
  • EMFX lower against USD; ZAR worst performer as Finance Minister Pravin Gordhan’s statement on arrest rumors heightens political risk
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Pravin Gordhan (Republic of South Africa)

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UUID: 7947283

HALISTER: Qatar Airways Lifts Stake in IAG, Looks at Further Increase

Qatar Airways Lifts Stake in IAG, Looks at Further Increase

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
IAG LN (International Consolidated Airlines Group SA)
105701Z QD (Qatar Airways Ltd)

People
Akbar Baker (Qatar Airways Ltd)
William Walsh (International Consolidated Airlines Group SA)

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UUID: 7947283

HALISTER: Pay Rule May Give BlackRock a Big Recruiting Boost Over JPMorgan

Pay Rule May Give BlackRock a Big Recruiting Boost Over JPMorgan

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JPM US (JPMorgan Chase & Co)
BLK US (BlackRock Inc)
BAC US (Bank of America Corp)
5079Z US (FMR LLC)
MS US (Morgan Stanley)

People
Marc Trevino (Sullivan & Cromwell LLP)
Oliver Ireland (Morrison & Foerster LLP)

Topics
BGOV Finance

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UUID: 7947283

HALISTER: Whole Foods Seeks to Shed ‘Whole Paycheck’ Rap With New Format

Whole Foods Seeks to Shed ‘Whole Paycheck’ Rap With New Format

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
WFM US (Whole Foods Market Inc)

People
Arthur Sulzberger (New York Times Co/The)
Jeffrey Turnas (Whole Foods Market Inc)
Jim Hertel (Willard Bishop Consulting)
John MacKey (Whole Foods Market Inc)
Scott Mushkin (Wolfe Research LLC)

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UUID: 7947283

HALISTER1: U.K. March Weekly Earnings Due in 5 Mins; Est. 1.7% vs Prev 1.8%

U.K. March Weekly Earnings Due in 5 Mins; Est. 1.7% vs Prev 1.8%

(Bloomberg) -- U.K. March 3-Mo ILO unemployment rate est. 5.1% vs prev 5.1%.
  • U.K. April jobless claims change est. 5.0K vs prev 6.7K
  • U.K. April claimant count rate est. 2.1% vs prev 2.1%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283