Friday, 08 July, 2016
Rates will rise if AAA rating falls by Christopher Joye, Updated Jul 8 2016 at 1:05 PM {www.afr.com/markets/market-data/bonds/rates-will-rise-if-aaa-rating-falls-20160705-gpz68x} Australia will likely lose its prized AAA rating and, contrary to the characteristically meaningless rhetoric of the politicians responsible for this outcome, interest rates will rise up to 0.13 per cent annually. But ironically not the rates the government pays – just those used by business, personal and residential borrowers. None of this will surprise this column’s […] Read More
Monday, 16 May, 2016
· OPINION · May 13 2016 at 11:45 AM RBA has lost the plot The RBA’s mistake is buying into the global central-banking mantra that governments can do a better job of setting asset prices than markets. Michele Mossop · Share on twitter by Christopher Joye Here’s the scary thing about the Reserve Bank of Australia’s decision to cut the cash rate to just 1.75 per cent. At a time of trend or better economic growth, […] Read More
Wednesday, 27 April, 2016
FED: Unch policy with no explicit hints about June–sort of a dove lite result. Does not add nearly balanced/balanced and removes statement on int’l risks, perhaps suggesting risks have lessened. Describes labor mkt as better but "econ activity appears to have slowed." No change in rates/reinvestment/no limit RRP, says infl remains low but will monitor infl and int’l developments. Keeps ‘gradual’ to refer to possible future hikes & says FF to remain low for some […] Read More
Wednesday, 27 April, 2016
ECB Update:Inflation Expectations Stuck Amid Sluggish Recovery By Johanna Treeck FRANKFURT (MNI) – The European Central Bank’s liquidity flush is slowly dripping through to the real economy, euro area bank lending data showed Wednesday, adding to evidence that the region continues its gradual recovery. Yet as neither ongoing growth, nor the announcement of more easing measures flanked by rising oil prices have managed to lift inflation expectations, concerns about the Bank’s credibility have resurfaced. The […] Read More
Wednesday, 06 April, 2016
NEW YORK (MNI) – After a welcome pause, the words "risk-off" returned to the markets Tuesday and the list of items is growing. The Treasury market was sounding alarm bells from the very start of the day. The longer-end of the market led and the curve continued in flattening mode. The yield on the 10-year note fell to 1.718% in overseas trade and retouched that level again in New York hours. The note had settled […] Read More
Thursday, 25 February, 2016
Sydney property: Don’t believe the Aussie big short Steve Keen said Aussie house prices would fall 40 per cent during the global financial crisis. They corrected 6 per cent. Demetrius Freeman by Christopher Joye Short the big short. First we had Dr Steve Keen telling us Aussie house prices would fall 40 per cent during the global financial crisis (they corrected 6 per cent and Dr Keen was forced by Westpac’s Rory Robertson to hike from Canberra to Mt […] Read More
Wednesday, 17 February, 2016
Amid signs of trouble, Abe rules out stimulus for now TOKYO — Despite signals that the Japanese economy is flagging, Prime Minister Shinzo Abe intends to keep pump-priming measures off the table for the time being to focus on swift passage of the fiscal 2016 budget. That strategy was confirmed when Abe met with Natsuo Yamaguchi, head of junior coalition partner Komeito, at the prime minister’s office on Wednesday. "Let’s focus on […] Read More
Wednesday, 17 February, 2016
—–Original Message—– From: Alan Taylor s&p putting in great performance ahead of the FED mins, i think though after seeing this sort of lead given up on the last rally from 1804 (this time we traded to 1802) id look to book some profit around here, levels to watch are 1940/45/47 Archr LLP is Authorised and regulated by the Financial Conduct Authority (FCA reference 617163). Archr LLP is not covered by the Financial Services Compensation […] Read More
Tuesday, 16 February, 2016
By Javier Blas and Wael Mahdi (Bloomberg) — For more than a year, oil diplomats have been busy behind the scenes trying to forge a deal between OPEC and nations outside the cartel to revive prices by curbing output. The maneuvering, led first by Algeria and now Qatar, started to bear fruit Tuesday, when Russia and Saudi Arabia, at odds over the war in Syria, agreed to freeze production at January levels. The first public one-on-one […] Read More
Tuesday, 16 February, 2016
BOJ INSIGHT: Negative Rates Show More in Toolbox for Infl Goal By Hiroshi Inoue TOKYO (MNI) – With negative interest rates taking effect Tuesday, Bank of Japan officials wish to keep expectations for 2% inflation alive by showing they have room to ease policy using more than just the asset buying program they began three years ago, but they also want to avoid volatility in the markets affected by their new tool. The aggressive monetary […] Read More
