Tuesday, 16 June, 2015
(Bloomberg) — Chinese stocks led global shares and U.S. equity-index futures lower before the Federal Reserve meets and euro-area finance ministers discuss Greece’s debt crisis. The euro advanced, while bond yields rose from Italy to Spain. The Shanghai Composite Index plunged 3.5 percent, while a gauge of China stocks in Hong Kong took losses since a May 26 high beyond 10 percent. Standard & Poor’s 500 Index futures dropped 0.4 percent by 8:22 a.m. in […] Read More
Monday, 15 June, 2015
(Bloomberg) — European stocks fell a second day and the euro declined with Spanish bonds after talks between Greece and its creditors broke down without a deal on bailout aid. Treasuries and bunds advanced, while copper fell. The Stoxx Europe 600 Index fell 0.7 percent by 8:01 a.m. in London. The euro weakened at least 0.3 percent against the dollar and the yen, while the additional yield investors demand to hold Spain’s 10-year securities over […] Read More
Friday, 12 June, 2015
(Bloomberg) — The euro fell with European stocks on concern Greece’s efforts to renegotiate its debt and stay in the single currency are failing. German bunds, U.S. Treasuries and Asian stocks climbed. The euro weakened 0.2 percent at 8:04 a.m. in London as the Bild newspaper reported the German government is preparing for a Greek default. The Stoxx Europe 600 Index slid 0.2 percent as Standard & Poor’s 500 index futures dropped 0.2 percent. The […] Read More
Friday, 12 June, 2015
AFR: RBA Stevens wrong on “low rates for long” From AFR Contributing Editor Christopher Joye In The Australian Financial Review this weekend I hammer my buddy the RBA governor, Glenn Stevens, for getting his logic twisted when forecasting that rates will remain low for long (click twice on that link or AFR subscribers can access the direct link here). Never one to pull my punches, I also slam the Guv’ for suggesting that the “crazy” […] Read More
Thursday, 11 June, 2015
(Bloomberg) — European stock futures slid while equities in Asia climbed a second day. Australian bonds fell after stronger jobs data, while New Zealand’s dollar slid to an almost five-year low after an unexpected interest-rate cut. Euro Stoxx 50 Index futures fell 0.2 percent while the MSCI Asia Pacific Index added 0.6 percent by 7:19 a.m. in London. Standard & Poor’s 500 Index futures lost 0.1 percent, following a surge in the U.S. gauge. Yields […] Read More
Wednesday, 10 June, 2015
(Bloomberg) — The yen surged after Bank of Japan Governor Haruhiko Kuroda said it was hard to see his nation’s currency falling further. Bunds fell and oil rose, while emerging-market stocks ended their longest losing streak since 1990. Japan’s currency jumped 1.2 percent, the most this year, to 122.81 per dollar as of 9:32 a.m. London time. Germany’s 10-year bund yield surpassed 1 percent for the first time since September and oil in New York […] Read More
Tuesday, 09 June, 2015
(Bloomberg) — European stocks dropped for a sixth day, with miners among the biggest losers, and Asian equities retreated on signs of slowing Chinese growth. Oil gained on forecasts for less U.S. shale production. The Stoxx Europe 600 Index declined 0.7 percent at 7:17 a.m. in New York, extending its longest losing streak of the year. The MSCI Asia Pacific Index dropped 0.8 percent, led by slides in technology shares, and Standard & Poor’s 500 […] Read More
Friday, 05 June, 2015
(Bloomberg) — Payrolls climbed in May by the most in five months and worker pay accelerated, showing companies were upbeat about the U.S. economy’s prospects after an early-year slump. The 280,000 advance exceeded the median forecast in a Bloomberg survey and followed a revised 221,000 April increase, figures from the Labor Department showed Friday in Washington. The median forecast called for a 226,000 May gain. The unemployment rate crept up to 5.5 percent as more […] Read More
Friday, 05 June, 2015
(Bloomberg) — Prime Minister Alexis Tsipras raised the stakes in Greece’s showdown with creditors, rejecting demands for more austerity to receive bailout funds and opting for an unconventional deferral of International Monetary Fund payments. Tsipras told German Chancellor Angela Merkel and French President Francois Hollande during a midnight call Thursday that a list of demands needed to unlock bailout funds hammered out earlier this week by officials from the IMF and the euro area can’t […] Read More
Friday, 05 June, 2015
CRT’s Survey results are less bullish than the last month, but the bias was one of neutrality more than anything actionable. Specifically, when asked what they would do if the market moved higher in price post-NFP, only 13% said they’d buy — least since January. 33% want to sell which is just under the 34% average with the balance, 55%, sitting on their hands vs. the average of 50%. When pressed as to what they […] Read More
