Recent content by Ransquawk

Energy futures are trading mostly lower today following comments by Fed Chairman Bernanke last night on a dimmer U.S. economic outlook due to a resurgence of financial strain and following news late yesterday that Canada’s Enbridge had restarted 3 of 4 key pipelines from Canada to the U.S...

ASIA Nikkei-225 - The Nikkei-225 rose 1.1% to 15,680, the highest closing level in 3 weeks, as shipping and steel stocks gained. There was also an added boost from the comments from Fed Chairman Bernanke, who suggested that the FOMC was close to lowering interest rates again. (RTRS) U.S...

Threat of inflation remains, says King (FT)** The paper notes that BoE's King warned that inflation poses a serious threat to the U.K., despite weak housing market data yesterday. Many U.K. newspapers this morning are putting a lot of attention on the housing market following yesterday's...

ASIA JGBs - The benchmark 10-year futures contract was up 7 ticks to 137.03 by 0625, after more comments from Fed officials and recent weak data prompted further speculation that the FOMC would cut interest rates at its next meeting. Some of the gains were offset by a solid rebound in stocks...

Energy futures are rising today after Calgary-based Enbridge closed four pipelines shipping 1.5M b/d of oil supplies from Canada to the U.S. following a leak and explosion at the No. 3 pipeline at the Clearbrook terminal in Minnesota, where the pipelines meet. WTI crude futures rallied more than...

ASIA The Nikkei rose 2.38% to a two-week closing high on a softer yen and a sharp rally on Wall Street inspired by the chances of a US rate cut (RTRS) Oil prices rebounded by over $1 a barrel after an explosion and fire at an oil terminal in Minnesota shut down most of the main pipeline...

Nationwide house prices (Nov) M/M -0.8% vs Exp. 0.1% (Prev. 1.1%), Y/Y 6.9% vs Exp. 8.4% (Prev. 9.7%) (RTRS)** UK house prices fall the most in 12 years this month. Nationwide predicts house prices will stagnate next year after gaining as much as 8% in 2007 as borrowing costs at a six-year high...

ASIA JGB's were lower (-0.14) at 0630, weighed by the rally in the Nikkei (+2.38%) and a fall in UST's overnight. Fan Gang, a member of the PBOC monetary policy committee, said China must continue to pursue a policy of gradual Yuan appreciation (Shanghai Securities News) However, Fan said...