Archive for November, 2014
Monday, November 17th, 2014
Via the good folks at Bloomberg:
HAT TO WATCH:
* (All times New York)
Economic Data
* 8:30am: Empire Manufacturing, Nov., est. 12.00 (prior 6.17)
* 9:15am: Industrial Production, Oct., est. 0.2% (prior 1%)
* Capacity Utilization, Oct., est. 79.3% (prior 79.3%)
* Manufacturing (SIC) Production, Oct., est. 0.3% (prior
0.5%)
* Manufacturing (SIC) Production, Oct., est. 0.3% (prior
0.5%)</li></ul>
Central ...
Posted in Uncategorized | Comments Off on What to Watch For Today
Monday, November 17th, 2014
Via Business Insider:
German Bundesbank President Goes Against Europe's Plans To Stimulate Its Floundering Economy
Bundesbank boss Jens Weidmann, the man most closely associated with Germany's opposition to easier monetary policy, is slamming the brakes on expectations that the European Central Bank will finally go for quantitative easing (QE).
He was speaking to ...
Posted in Uncategorized | Comments Off on Weidmann On ECB QE: Nein
Monday, November 17th, 2014
Via Bloomberg:
China Bad Loans Jump Most Since 2005 as Economy Cools
By Bloomberg News Nov 16, 2014 9:42 PM ET
China’s bad loans jumped by the most since 2005 in the third quarter, fueling concern that a cooling economy will be further weakened as banks limit lending to avoid credit risks.
Nonperforming loans ...
Posted in Uncategorized | Comments Off on Credit Issues in China
Monday, November 17th, 2014
Via Marc Chandler at brown Brothers Harriman:
Market Drivers in the Week Ahead
- The investment climate rests on three legs: the de-synchronized business cycle, the decline in commodity prices and a slowing of China
- With a shockingly weak Q3 GDP, Japan’s PM Abe is ...
Posted in Uncategorized | Comments Off on FX
Monday, November 17th, 2014
UK Prime Minister David Cameron has warned today that "the red warning lights are flashing on the dashboard of the global economy". He wrote a post G 20 piece for the UKs Guardian newspaper and issued a very cautionary assessment of the UK economy and the global economy.
Via the Guardian:
Patrick ...
Posted in Uncategorized | Comments Off on UK Prime Minister’s Jeremiad
Monday, November 17th, 2014
Via Bloomberg:
IG CREDIT: Spreads at 2014 Wides; WSTP, AXSBIN to Price
2014-11-17 10:54:46.719 GMT
By Robert Elson
Nov. 17 (Bloomberg) -- The final Trace count for secondary
trading was $14.5b vs $15.5b Thursday and $13.4b the previous
Friday. 10-DMA at $14.3b; 10-DMA of only Friday sessions $12.8b,
its high for 2014.
* 144a trading added another $1.6b ...
Posted in Uncategorized | Comments Off on Corporate Bond Trading Friday
Monday, November 17th, 2014
Prices of Treasury coupon securities have registered modest gains in overseas trading. The catalyst for the gains was the unexpected decline in GDP in Japan which is the second consecutive quarter of shrinking GDP for that country which some pundits deem a recession. The economy has weakened significantly since imposition ...
Posted in Uncategorized | Comments Off on November 17 2014 Opening
Monday, November 17th, 2014
Via a fully paid up subscriber:
UK VIEW: Barclays have amended their forecast for first rate hike in the UK to Q3 2015 from Q1 2015. In Barclays Global Economics Weekly, released late Friday, the bank says that due to the dovish inflation report and press conference it decided to push ...
Posted in Uncategorized | Comments Off on Forecast Change
Sunday, November 16th, 2014
Via the WSJ:
Japan Falls Into Recession
Gross Domestic Product Falls 1.6%, Setting Stage for Delay in Sales Tax Increase
By
Eleanor Warnock And
Mitsuru Obe
TOKYO—A sales tax increase pushed Japan’s economy into a recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to postpone a second increase in the ...
Posted in Uncategorized | Comments Off on Japan Sinks into Recession
Sunday, November 16th, 2014
Albert Edwards at SocGen thinks dollar yen is on its way to 145. Here is his reasoning on the topic.
Posted in Uncategorized | Comments Off on 145 to the $