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Meanwhile, the risk-sensitive Australian dollar rallied against a backdrop of gains for U.S. equity futures and a more hawkish Reserve Bank. Investors will closely watch consumer price inflation data on Tuesday for additional clues on the policy outlook. Market pricing anticipates the Fed funds rate peaking just above 5.1% by July then falling by the end of the year to 4.8%. "From where I stand today we need further, significant rate hikes," German central bank chief Joachim Nagel told the newspaper Boersen-Zeitung on Tuesday. His colleague Isabel Schnabel said it is not yet clear that the ECB rate hikes so far would bring inflation back to 2%.

☆ ECB must act decisively to anchor inflation expectations, Nagel says
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Feb 9 (Reuters) - The European Central Bank must act decisively to prevent inflation expectations from rising far above its 2% target, ECB policymaker Joachim Nagel said on Thursday, reaffirming his call for more interest rate increases. "Decisive monetary policy action is necessary to reduce the risk of an unanchoring of long-term inflation expectations," Nagel, the Bundesbank's president, said in a slide accompanying a speech. Economists' and investors' expectations for inflation in the euro area from 2025 onwards are at or just above 2% but the ECB has said it will monitor the situation in case there is any further rise. The central bank for the euro zone raised interest rates by half a percentage point last week and pencilled in a move of the same magnitude for next month. Reporting By Francesco Canepa; Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ Watch CNBC's full interview with Oppenheimer's Brian Nagel
▼ + stars: | 2023-02-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Oppenheimer's Brian NagelBrian Nagel, senior analyst at Oppenheimer, joins 'Power Lunch' to discuss beaten-down stock names making upward moves, near and long-term investment strategies for Carvana and Peloton, and more.

☆ Carvana stock surge: What investors need to know
▼ + stars: | 2023-02-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarvana stock surge: What investors need to knowBrian Nagel, senior analyst at Oppenheimer, joins 'Power Lunch' to discuss beaten-down stock names making upward moves, near and long-term investment strategies for Carvana and Peloton, and more.

☆ ECB's Nagel, Makhlouf flag interest rate rises beyond March
▼ + stars: | 2023-01-25 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

DUBLIN, Jan 25 (Reuters) - European Central Bank policymakers Joachim Nagel and Gabriel Makhlouf said on Wednesday they would not be surprised if interest rate increases continue into the second quarter after two expected moves in February and March. Nagel said the ECB had already committed to raising rates sharply again over the next two months. Nagel, the president of Germany's Bundesbank, told Spiegel magazine that he "wouldn't be surprised if we have to keep raising rates even after the two announced steps." While euro zone inflation eased to an annualised 9.2% in December from 10.1% a month earlier, Ireland's Makhlouf said it remains "far too high." Reporting by Padraic Halpin; Editing by Frank Jack Daniel, Kirsten Donovan and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Bank earnings are under way. Here are the biggest storylines everyone on Wall Street is focused on.
▼ + stars: | 2023-01-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Starting today, the six big US banks (Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo) report their Q4 and year-end earnings. But instead of a boring preview on what to expect, I figured I'd have some fun by setting gambling lines on some of the biggest storylines heading into earnings. OK, let's get into the biggest storylines and their odds:David Solomon discusses the recent headcount reduction at Goldman Sachs. What'll be interesting is if he teases even more cuts coming down the line as the bank looks to cut costs. (-150)Background: The bank got ahead of this one by announcing its plans to step back from mortgages earlier this week.

☆ $1.7 billion Sift just tapped a new CEO who's focused on helping the fraud-prevention startup build up its base of finance and fintech clients
▼ + stars: | 2023-01-12 | by ( Paige Hagy | ) www.businessinsider.com time to read: +3 min

Sift is a startup that provides fraud-prevention tech to e-commerce and fintech companies. The startup named Kris Nagel, former COO at Ping Identity, as its new CEO on Thursday. Sift has a new CEO, and one of his top priorities will be building up the startup's finance-focused clientele. Nagel, former COO at Ping Identity, an identity-security company, assumed the position in early December 2022. Nagel brings his experience helping lead Ping Identity through an IPO in September 2019 to Sift.

☆ Watch CNBC's full interview with Brian Nagel
▼ + stars: | 2023-01-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Brian NagelBrian Nagel, senior analyst at Oppenheimer, joins 'Squawk on the Street' to discuss his buy rating on Lululemon.

☆ German inflation slows in December on one-off energy payment
▼ + stars: | 2023-01-03 | by ( Miranda Murray | ) www.reuters.com time to read: +3 min

A one-off payment for household energy bills in December, part of government efforts to shield consumers, had a downward effect on prices, according to the statistics office. Energy prices eased somewhat in December but were still up 24.4% compared with the same period last year, while food prices had increased by 20.7%, according to the office. Germany's full-year harmonized inflation rate jumped to 8.7% in 2022 from 3.2% a year earlier, said the statistics office. "Core inflation remains the number one inflation scourge for the time being," he added, referring to a measure that excludes volatile food and energy costs. Commerzbank chief economist Joerg Kraemer also warned that core inflation had risen further and said the European Central Bank's "hesitant approach" means high inflation will stick around, despite energy relief measures.

☆ Nike is very much in control despite the macro concerns, says Oppenheimer's Brian Nagel
▼ + stars: | 2022-12-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNike is very much in control despite the macro concerns, says Oppenheimer's Brian NagelBrian Nagel, senior analyst at Oppenheimer, joins 'Squawk on the Street' to discuss Nike as the company's share surged following Tuesday's quarterly results that easily topped Wall Street's expectations.

☆ ECB's Nagel pleads with Germans for patience in combating inflation
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Dec 19 (Reuters) - Bundesbank President Joachim Nagel asked the German public for patience in bringing down inflation, warning in an interview with broadcaster N-TV on Thursday that the impact of rate rises could take up to two years to take effect. Nagel, among the ECB hawks who generally favour higher rates, pointed to the bank's four successive hikes this year as evidence it was taking action against inflation but said he did not expect it to fall significantly until 2024. "I need to ask for some patience," Nagel said in the interview. Nagel said the Bundesbank expected lower inflation rates in Germany in December because of a gas price brake, but that they would remain at around 7% in 2023 before going back significantly in 2024. Reporting by Victoria Waldersee, Francesco Canepa, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Sales are tracking well for the holiday shopping season, says Oppenheimer's Brian Nagel
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSales are tracking well for the holiday shopping season, says Oppenheimer's Brian NagelBrian Nagel, Senior Equity Research Analyst at Oppenheimer & Co., joins Worldwide Exchange to discuss the state of retail.

[1/2] Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. Economists polled by Reuters expected the ECB to raise the rate it pays on bank deposits to 2% on Thursday before pushing it to 2.5% by March and 2.75% by June. The ECB was also due to lay out plans to stop replacing maturing bonds in its 5 trillion-euro portfolio, reversing years of debt purchases that have turned the central bank into the biggest creditor of many euro zone governments. The ECB will announce its policy decisions at 1315 GMT, followed by a news conference of President Christine Lagarde at 1345 GMT. "The counterpart of slower rate hikes will be hawkish guidance on the terminal rate ... accompanied by earlier or faster 'passive' QT."

The new projections will put inflation comfortably above 2% in 2024 and just above it in 2025, said the source, who spoke on condition of anonymity because the forecasts are not yet public. Some ECB policymakers, particularly among "hawks" who favour higher rates, have recently voiced scepticism about its forecasts and called for a greater focus on current readings. Economists polled by Reuters foresaw inflation at 6.0% in 2023, 2.3% in 2024 and 1.9% in 2025. The ECB is due to sketch out its QT plan on Thursday. ($1 = 0.9408 euros)Reporting By Francesco Canepa; Editing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.

☆ ECB will have to stay laggard in bond-buying exit
▼ + stars: | 2022-12-13 | by ( Francesco Guerrera | ) www.reuters.com time to read: +4 min

Rising yields and a still frail euro zone mean that Europe’s so-called quantitative tightening (QT) should be slow. If it stopped reinvesting all maturing debt from March, its bond portfolio would shrink by 287 billion euros next year. If bond yields do spike, the ECB can step in with an emergency bond-buying programme, called the Transmission Protection Instrument. The real dangers of a disorderly exit mean the ECB has little choice but to remove the punchbowl slowly. The shift is a reversal of nearly a decade of monetary stimulus by the ECB as the euro zone went through several crises.

EARLY WARNING SIGNSAfter years of tame inflation, Fed officials and other central bankers say they have faced a chain of disruptive events beyond their control ranging from the COVID-19 pandemic to the Ukraine war. The central bank has made conservative estimates on inflation despite Russia cutting gas supplies to Europe in response to Western sanctions over its invasion of Ukraine. Even as some economists say an inflation peak could now be in sight, central bankers remain far from taming inflation. The concern among some central bankers is that politicians will respond by raising public spending and so aggravate the inflation pressure that their rate-hike cure is intended to heal. If that were to happen, central bankers “would have to reverse course to prevent the debt market from becoming more disorderly," Goodhart told Reuters.

☆ The very last 747 jumbo jet is about to roll off Boeing’s assembly line
▼ + stars: | 2022-12-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN Business —After 53 years and more than 1,570 planes, the last Boeing 747 is set to roll off the assembly line in Washington state Tuesday, on its way to serve as a cargo plane. The once-groundbreaking jumbo jet, with the distinctive second-floor bulge, is perhaps the most notable and popular plane Boeing has ever built. The Boeing 747 in 1969. Other than that use, the 747’s days as a passenger plane are now almost completely behind it. But there are still 314 747 freighters in use, according to Cirium, many of which were initially used as passenger jets before being renovated into freighters.

Nov 28 (Reuters) - Euro zone government bond yields were higher on Monday after rare protests in China over the country's strict zero-COVID policies clouded the outlook for global growth and inflation. "The market is more concerned about the impact on inflation than the impact on growth," he added. Germany's 10-year government bond yield was up 4 basis points (bps) at 2.008%, after rising 12 bps on Friday. The gap between the 2-year and 10-year government bond yields rose to -20 bps. Italy's 10-year yield rose 8 bps to 3.94% pushing the closely watched spread between Italian and German 10-year yields wider by 5 bps to 191 bps.

☆ Warehouse Packing Help Wanted, Excellent Penmanship Required
▼ + stars: | 2022-11-25 | by ( Paul Berger | ) www.wsj.com time to read: +5 min

At a warehouse in northern New Jersey one recent weekday, a trainee wearing a pair of blue gloves hesitantly tied a ribbon around one luxury brand’s box as a supervisor looked on. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. Workers also personalize items with engraving and hot-stamping, compile individual items into gift sets and add handwritten notes. Luxury brands, however, are willing to pay a premium for the extra workers needed to provide additional services, Mr. Scattergood said. Workers at its Munich warehouse fold clothes in tissue paper, close the paper with a sticker and tie a ribbon into a bow.

☆ ECB's Schnabel pushes back on smaller rate hikes
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +3 min

However Schnabel, the most influential voice in the hawkish camp, said this was premature and could even prove counter-productive. "Incoming data so far suggest that the room for slowing down the pace of interest rate adjustments remains limited, even as we are approaching estimates of the 'neutral' rate," she told an event in London. "The extraordinarily large degree of uncertainty surrounding such estimates implies that they cannot serve as a yardstick to inform the appropriate pace of interest rate adjustments. Dutch governor Knot expressed doubts over market expectations for the ECB's deposit rate, currently at 1.5%, to peak at 3%. In all honesty, I'm not sure about that," Knot told a hearing at the Dutch parliament.

☆ ECB's Nagel opens door to smaller hikes but sees long way to go
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Nov 22 (Reuters) - Bundesbank President Joachim Nagel opened the door on Tuesday to smaller interest rate increases by the European Central Bank but said there was still a long way to go in raising borrowing costs. With euro zone inflation running in double digits, the ECB has been raising rates in record 75 basis-point steps but a number of policymakers have called for smaller hikes from December. "Even 50 basis points is a strong rate move," Nagel said. "I didn't participate in this 75-or-50 discussion because I didn't think that was really helpful." "Regardless of how the numbers come in, I think the inflation picture will continue to be strong for 2023, Nagel said in his conversation with reporters in Frankfurt.

☆ ECB must raise rates decisively; let bonds expire from start of 2023, Nagel says
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Nov 18 (Reuters) - The European Central Bank must continue to raise interest rates decisively and should start letting its oversized holding of government debt expire from the start of 2023, Bundesbank President Joachim Nagel said on Friday. "We must resolutely raise our key rates further and adopt a restrictive stance," Nagel, a powerful conservative, or policy hawk, said in a speech. Complementing rate hikes, the ECB needs to start running down the trillion of euros worth of government debt it hoovered up over the past decade, when inflation was still too low. "We should start reducing the size of our bond holdings at the beginning of next year by no longer fully reinvesting all maturing bonds," Nagel said. The ECB holds around 5 trillion euros worth of bonds and said it would start talks in December on how and when to run down the 3.3 trillion euros in its Asset Purchase Programme.

☆ Lowe's reports Q3 earnings, tops Wall Street's estimates
▼ + stars: | 2022-11-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLowe's reports Q3 earnings, tops Wall Street's estimatesBrian Nagel, research analyst at Oppenheimer, joins CNBC's 'Squawk Box' to break down Lowe’s third-quarter earnings report, which beat analysts' estimates.

☆ Oppenheimer downgrades Carvana as risks mount for the used car platform
▼ + stars: | 2022-11-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Brian Nagel downgraded the used car platform to perform from outperform. Nagel expects an adjusted EBITDA loss of $998 million in 2022, which is a greater drop than the prior forecast of a $912 million loss. The used car platform's third-quarter earnings showed EBITDA came in below expectations. Used car sales down were down 8% as consumers moved away from big-ticket goods as inflation pinched pocket books. He said the stock should be helped by a moderation of used car prices that should in turn aid consumer demand and sentiment among core buyers.

☆ Home Depot reports better-than-expected Q3 earnings
▼ + stars: | 2022-11-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome Depot reports better-than-expected Q3 earningsBrian Nagel, research analyst at Oppenheimer, joins CNBC's 'Squawk Box' to break down Home Depot's third-quarter earnings report, which beat Wall Street's estimates ahead of the market open.

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