Thursday, 10 September, 2015
(Bloomberg) — Stock fell in Europe and Asia, ending a two- day rally amid renewed concern over higher U.S. interest rates and China’s economic slowdown. The yen swung to a loss. The Stoxx Europe 600 Index fell and Japan’s Nikkei 225 Stock Average gave back some of Wednesday’s 7.7 percent surge. The Shanghai Composite Index retreated as producer prices plunged by the most since 2009. New Zealand’s dollar tumbled after the central bank cut rates, […] Read More
Monday, 07 September, 2015
(Bloomberg) — China’s foreign-exchange reserves fell by a record last month as the central bank sold dollars to support the yuan after the biggest devaluation in two decades spurred bets on continued weakness. The currency hoard declined by $93.9 billion to $3.56 trillion at the end of August, from $3.65 trillion a month earlier. Economists surveyed by Bloomberg had forecast a median $3.58 trillion. The yuan weakened in offshore trading and 10- year Treasury futures […] Read More
Wednesday, 02 September, 2015
Ambrose Evans-Pritchard Sept. 1 (Telegraph) — All five of the bank’s key timing indicators are flashing a green light for the first time since early 2009, suggesting the worst may be over for global equities Morgan Stanley has issued a "full house" buy alert on international stock markets for the first time since early 2009, effectively calling the bottom of this summer’s equity slump. The US investment bank said that all five of its market-timing […] Read More
Sunday, 30 August, 2015
— But Must Assess Impact of Recent Market Turmoil Before Making Sept Rate Decision By Steven K. Beckner and Karen Mracek JACKSON HOLE, Wyoming (MNI) – Cleveland Federal Reserve Bank President Loretta Mester said Saturday the U.S. economy is strong enough to bear a modest increase in the federal funds rate, but nevertheless said she needs to assess the impact of recent financial market turmoil before deciding whether to support a rate hike in September. […] Read More
Wednesday, 19 August, 2015
Raising Rates Now Would Be a Mistake With inflation so low, higher rates will push the economy away from the Fed’s price and employment goals. By NARAYANA KOCHERLAKOTA Aug. 18, 2015 7:11 p.m. ET {http://www.wsj.com/articles/raising-rates-now-would-be-a-mistake-1439939500} I participate in the meetings of the Federal Open Market Committee, the monetary policy-making arm of the Federal Reserve. In that capacity, I’m often asked by members of the public about the biggest danger facing the economy. My answer is […] Read More
Monday, 17 August, 2015
(Bloomberg) — The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil led a gauge of commodities to a 13-year low, while European equities rebounded from a weekly loss. The dollar was stronger against most peers by 8:12 a.m. in London. The ringgit weakened 1 percent, dragging the Bloomberg JPMorgan Asia Dollar Index to a fifth straight loss, the longest […] Read More
Monday, 17 August, 2015
Telegraph- Doomsday clock for global market crash strikes one minute to midnight as central banks lose control – 4 – Dominoes begin to fall ..The great props to the world economy are now beginning to fall. China is going into reverse. And the emerging markets that consumed so many of our products are crippled by currency devaluation. The famed Brics of Brazil, Russia, India, China and South Africa, to whom the West was supposed to […] Read More
Tuesday, 11 August, 2015
Begin forwarded message: From: Alan Taylor <Alan.Taylor@Archr.com> Date: 11 August 2015 06:35:45 CEST To: bbg <ataylor79@bloomberg.net> Subject: (BN) Yuan Devaluation Ripples Across Asia as Currencies, Metals Drop Yuan Devaluation Ripples Across Asia as Currencies, Metals Drop Yuan Devaluation Ripples Across Asia as Currencies, Metals Drop Tuesday, August 11, 2015 04:36 am by Nick Gentle and Adam Haigh (Bloomberg) — The yuan dropped the most in two decades, sparking a tumble in Asian currencies after China […] Read More
Monday, 10 August, 2015
BOE’s Miles Saw ‘Reasonable Case’ for Rate Increase Last Week 2015-08-10 17:57:51.33 GMT By Scott Hamilton and Jennifer Ryan (Bloomberg) — David Miles said there was a “reasonable” argument for the Bank of England to raise interest rates last week in order to avoid faster tightening in future. “I thought there was a case for beginning the journey now,” the BOE policy maker said in an interview in London on Monday as he explained how […] Read More
Monday, 10 August, 2015
Don’t Look Now, But Market Inflation Expectations Are Falling Market expectations for U.S. inflation appear to be sagging again. This could complicate the Federal Reserve’s deliberations about raising short-term interest rates as soon as September, though the central bank’s earlier reactions to similar movements suggest that by itself it won’t derail a move. Yields on 10-year Treasury notes have dropped from near 2.5% in mid-June to 2.16% on Friday, a sign investors demand less compensation […] Read More
