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
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
