HALISTER: Google Faces U.K. Lawmakers as Osborne’s Tax ‘Victory’ Sours

Google Faces U.K. Lawmakers as Osborne’s Tax ‘Victory’ Sours

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
GOOG US (Alphabet Inc)

People
George Osborne (United Kingdom of Great Britain and Northern Ireland)
Boris Johnson (Greater London Authority)
Caroline Flint (United Kingdom of Great Britain and Northern Ireland)
David Cameron (United Kingdom of Great Britain and Northern Ireland)
John McDonnell (United Kingdom of Great Britain and Northern Ireland)

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UUID: 7947283

HALISTER: Tesla’s Elon Musk Sets March Unveiling of BMW-Fighting Model 3

Tesla’s Elon Musk Sets March Unveiling of BMW-Fighting Model 3

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
TSLA US (Tesla Motors Inc)
BMW GR (Bayerische Motoren Werke AG)

People
Elon Musk (Tesla Motors Inc)
Ben Kallo (Robert W Baird & Co Inc)
Michelle Krebs (AutoTrader.com Inc)

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UUID: 7947283

HALISTER1: Senate Passes Bill to Hit North Korea With Harsher Sanctions

Senate Passes Bill to Hit North Korea With Harsher Sanctions

Alert: HALISTER1
Source: APW (Associated Press)

Tickers
32663Z US (United States Senate)
1025708D US (Senate Committee on Foreign Relations)

People
Bernard Sanders (United States Senate)
Cory Gardner (United States Senate)
Daniel Sullivan (United States Senate)
James Clapper (Office of the Director of National Intelligence)
Kim Jong-Il (Democratic People's Republic of Korea)

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UUID: 7947283

HALISTER1: PHILIPPINE RATE PREVIEW: BSP on Hold, to Eye Global Developments

PHILIPPINE RATE PREVIEW: BSP on Hold, to Eye Global Developments

(Bloomberg) -- Philippines’ central bank is likely to leave its monetary policy unchanged, given strong GDP growth and expected quickening in inflation, while it monitors global developments, Bloomberg strategist David Finnerty writes.
  • Gov. Tetangco said on Feb. 5 that BSP will continue monitoring developments, including slower global growth and volatility in financial and commodity markets, “to see if the balance of risks is tilting such that there is need for adjustment in policy stance”
  • 4Q GDP grew 6.3% y/y, fastest pace since 4Q 2014, suggesting monetary policy is still supporting economic growth
  • While inflation slowed to 1.3% y/y in Jan. from 1.5% in Dec., Gov. Tetangco said last week that inflation is expected to “slowly rise” to within 2%-4% target in 2016, 2017, indicating BSP sees no immediate need to cut rates to spur a rise in CPI
  • BSP will keep its overnight borrowing rate unchanged at 4.00%, according to all 14 economists in Bloomberg survey; decision due at 4:00pm local time today
  • NOTE: David Finnerty is an FX strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: INSIDE ASIA: Rupiah Rises; NZ Home Sales, Manufacturing Advance

INSIDE ASIA: Rupiah Rises; NZ Home Sales, Manufacturing Advance

(Bloomberg) -- Indonesia’s rupiah and South Korea’s won lead most Asian currencies higher, while markets in Japan, China and Taiwan are closed; sovereign bonds advance in Singapore and interest-rate swaps decline in Thailand.
  • Kiwi steady versus dollar; Moody’s says it’s comfortable with New Zealand’s Aaa rating, stable outlook
    • Home sales rose 4.3% in January from year earlier
    • Manufacturing index advanced to 15-month high of 57.9 in January
    • One-year ahead inflation expectations fell to 1.4% in January from 2% in October, according to Aon Hewitt quarterly economist survey
  • U.S. Treasury futures rise to 131-27 from 131-16 yesterday; Fed’s Yellen says interest-rate increases might be delayed by recent financial market turmoil
  • Aussie gains against dollar; Australian Prudential Regulation Authority Chairman Wayne Byres says credit spread increases are “manageable”
  • Rupiah climbs for fifth day; job cuts in Indonesia’s banking industry may continue this year, though less severe than in 2015, Jakarta Post reports; Foreign Minister Retno Marsudi will meet Thai Foreign Minister Don Pramudwinai today in Jakarta to discuss cooperation in areas such as the economy, terrorism and transnational organized crime
  • Ringgit strengthens; Malaysian industrial production probably increased 1.0% in December from a year ago after 1.8% advance prior month, according to Bloomberg survey before data today; Prime Minister Najib says he reminded ministers at first cabinet meeting of the year to spend prudently, according to official blog posting
  • Peso rises; Philippine central bank will keep policy rate unchanged at 4% today, according to all 14 economists in Bloomberg survey
  • Onshore markets in Japan are closed for public holiday; yen rises for a fourth day and hits strongest level since November 2014
  • Markets are still shut in China and Taiwan for public holidays
CURRENCY TECHNICALS:
  • Click here to see pivot point and multiple support as well as resistance points for majors/Asian currencies
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Don Pramudwinai (Kingdom of Thailand)
Retno Marsudi (Republic of Indonesia)
Wayne Byres (Australian Prudential Regulation Authority)

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UUID: 7947283