HALISTER1: U.S. ECO PREVIEW: Leading Indicators Due in 5 Minutes

U.S. ECO PREVIEW: Leading Indicators Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • LEI 0.4% m/m; range 0.1% to 0.7% (34 estimates)
    • The LEI last declined in August 2016
    • "The closely watched coincident-to- lagging ratio has trended lower in recent years, suggesting a softer expansion": Bloomberg Intelligence
To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Topics
First Word Credit US

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UUID: 7947283

HALISTER1: Euro May Approach 1.1714 Level as Traders Look Past Draghi: ABN

Euro May Approach 1.1714 Level as Traders Look Past Draghi: ABN

(Bloomberg) -- EUR/USD could climb toward two-year high set in Aug. 2015 after investors “seem to ignore the dovish comments” from ECB President Mario Draghi, says Georgette Boele, a currency strategist at ABN Amro Bank in Amsterdam.
  • Thursday’s gains, in the face of remarks that should be negative for the currency, are a sign of underlying euro strength and signal further upside
  • “If we are still around current levels at the end of today, EUR/USD will likely move slowly towards 1.1714” before Draghi speaks at Jackson Hole, Wyoming in late August
    • “If that fails, then we could see a large profit-taking wave”
To contact the reporter on this story: Lananh Nguyen in New York at lnguyen35@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Brian Chappatta

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Georgette Boele (ABN AMRO Group NV)
Mario Draghi (European Central Bank)

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UUID: 7947283

HALISTER1: Euro Bulls See Through Draghi’s ‘Ultra-Dovish’ Rhetoric: Allianz

Euro Bulls See Through Draghi’s ‘Ultra-Dovish’ Rhetoric: Allianz

(Bloomberg) -- EUR/USD will probably strengthen further as investors look past ECB President Mario Draghi’s comments, says Charlie Ripley, investment strategist for Allianz Investment Management, which manages more than $700 billion.
  • “Investors are starting to question the continued rhetoric from Draghi about being ultra-dovish” and speculating about when the ECB will announce tapering, Ripley says 
    • “This scenario is going to put continued upward pressure on EUR/USD”
  • Expects EUR/USD to break out of current range with 1.16 as upper bound
  • Sees 10-year Treasury yield target of 2.50%-3% by year-end; continued central bank action around the globe will push rates higher
  • Markets “underestimating the risk” of unwinding QE globally, Ripley says
To contact the reporter on this story: Lananh Nguyen in New York at lnguyen35@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Brian Chappatta

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Charles Ripley (Allianz SE)
Mario Draghi (European Central Bank)

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UUID: 7947283

HALISTER1: DBRS: The Evolving Dynamics of the Danish Housing Market

DBRS: The Evolving Dynamics of the Danish Housing Market

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
1271Z DC (Kingdom of Denmark)

People
Adriana Alvarado (DBRS Inc)

Topics
Fixed Income Research
Prov., Reg. Credit Research
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283