Thursday, 25 June, 2015
(Bloomberg) — Household spending climbed in May by the most in almost six years, buoyed by gains in incomes as the U.S. job market strengthened. Purchases increased 0.9 percent, the biggest gain since August 2009, after rising 0.1 percent in April, Commerce Department figures showed Thursday in Washington. The median forecast of 75 economists in a Bloomberg survey called for a 0.7 percent advance. Incomes rose 0.5 percent for a second month. Consumers may finally […] Read More
Thursday, 25 June, 2015
(Bloomberg) — French President Francois Hollande held out hope of a deal for Greece even as German Chancellor Angela Merkel said negotiations looked to be going backward. The differing tones from the heads of Europe’s two biggest economies reflected the frustration among leaders and finance ministers after days of talks in Brussels that have failed to yield a breakthrough. With finance chiefs meeting for their fourth session on Greece in a week, “we don’t […] Read More
Tuesday, 23 June, 2015
(Bloomberg) — The dollar strengthened and Treasuries fell as a Federal Reserve official suggested interest rates may rise as soon as September amid data showing a gain in orders for business equipment. European stocks rallied on optimism a deal on Greece is near. The Bloomberg Dollar Spot Index jumped 0.9 percent at 9:31 a.m. in New York. The yield on 10-year Treasury notes climbed five basis points to 2.43 percent. The Standard & Poor’s 500 […] Read More
Tuesday, 23 June, 2015
(Bloomberg) — An index of euro-area factory and services unexpectedly rose to the highest in more than four years this month as growth gained momentum in Germany and France, the bloc’s two largest economies. Markit Economics said on Tuesday that its composite index increased to 54.1 from 53.6 in May. That’s above the 50 mark that divides expansion from contraction and exceeds the median estimate of economists, who forecast it would slip to 53.5. France’s […] Read More
Monday, 22 June, 2015
(Bloomberg) — U.S. stocks followed European equities higher, while Treasuries fell with German bunds on speculation officials will break an impasse over a Greek bailout. The Standard & Poor’s 500 Index rose 0.7 percent at 10:02 a.m. in New York, 0.3 percent below a closing record. The Stoxx Europe 600 Index jumped 2 percent, while a guage of emerging-market stocks added 1.3 percent. Yields on 10-year Treasury notes rose seven basis points to 2.33 percent […] Read More
Thursday, 18 June, 2015
Goldman Sachs Pushes Back Fed Funds Rate Lift-Off to Dec. 2015 Thursday, June 18, 2015 06:10 am by Joshua Robinson (Bloomberg) — Goldman Sachs previously expected an increase in September of this year, Chief Economist Jan Hatzius and Senior Economist Zach Pandl comment in a client note dated June 17. · Seven FOMC participants are now predicting zero or one rate hike this year, expect that to include Fed Chair Janet Yellen · FOMC did […] Read More
Wednesday, 17 June, 2015
(Bloomberg) — U.S. stocks fluctuated after erasing earlier gains, while Treasures slid before the Federal Reserve’s decision on interest rates. European stocks fell amid signs the impasse in Greek aid talks was deepening. The Standard & Poor’s 500 Index rose less than 0.1 percent at 11:32 a.m. in New York, erasing a climb of 0.4 percent. Treasuries fell, sending 10-year yields five basis points higher to 2.36 percent. The Stoxx Europe 600 Index lost 0.4 […] Read More
Wednesday, 17 June, 2015
EU Juncker Proposal Still On Table For Greece -Sources –Adds Commission Decision To Abolish Task Force After Ninth Paragraph By Angelika Papamiltiadou ATHENS (MNI) – European Commission President Jean-Claude Juncker’s proposal to the Greek government is still on the table if Athens is willing to table the necessary counter measures, to offset those they reject, a top commission source told MNI Tuesday. Despite Juncker’s outburst earlier Tuesday flatly accusing the Greek Prime Minister Alexis Tsipras […] Read More
Wednesday, 17 June, 2015
DeutscheWirtschafts- Crash in government bonds: investors have lost $ 640 billion …BlackRock cautions against the ongoing unrest in the bond market. It was time to abandon the tried and tested models for risk assessment of Bonds, as the world’s biggest asset managers. Especially the German Bunds, which were an eternity as a safe haven, are a good example: “The market for German Bunds is unpredictable volatile”, quoted format Scott Thiel, deputy chief investment officer at […] Read More
Wednesday, 17 June, 2015
WSJ- Fund Managers Pile Into Cash Amid Market Volatility…Fund managers globally hold more cash now than they have at any other time during the past six months, according to a survey released Tuesday by Bank of America Merrill Lynch. In Europe, fund managers are holding more than they have since the depths of the financial crisis in March 2009…The Bank of America Merrill Lynch survey, conducted between June 5-11, showed that global investors were holding […] Read More
