Archive for March, 2016
Thursday, March 3rd, 2016
Via Bloomberg:
Fed’s Kaplan Calls for Patient FOMC Ahead of March 15-16 Mtg
2016-03-03 15:45:00.15 GMT
By Vivien Lou Chen
(Bloomberg) -- Dallas Fed Pres. Rob Kaplan reiterates his
call for a patient FOMC ahead of next mtg and cites slower
growth worldwide, tightening financial conditions and global
secular trends.
* Tighter global financial conditions have likely restrained
U.S. ...
Posted in Uncategorized | Comments Off on Musings of the Dallas Fed President
Thursday, March 3rd, 2016
Via Stephen Stanley at Amherst Pierpont Securities:
The February ISM non-manufacturing report signals a stabilization in conditions after January’s substantial moderation. The headline index was essentially unchanged at 53.4, while the key components were quite mixed. The production measure jumped by about 4 points to 57.8, a robust reading (though still ...
Posted in Uncategorized | Comments Off on Data Analysis
Thursday, March 3rd, 2016
Via the WSJ:
Some traders go short. Others go long. Paul Singer went really, really long.
His trade, which is transfixing Wall Street this week, has been one of the most drawn-out and contentious bond-market sagas ever. But thanks to a settlement this week, Mr. Singer’s nearly 15-year-old wager on Argentinian government ...
Posted in Uncategorized | Comments Off on Perseverance Triumphs
Thursday, March 3rd, 2016
Via Marc Chandler at Brown Brothers Harriman:
Markets Calm; Waiting For...?
- The global capital markets are quiet today, as investors await fresh impetus
- PMI surveys warn that the UK economy may be losing some momentum prior to whatever disruptions the Brexit uncertainty generates
- In contrast, the eurozone service PMI was better ...
Posted in Uncategorized | Comments Off on Morning FX
Wednesday, March 2nd, 2016
Martin Wolf a commentator at the FThas penned a scathing indictment of Donald Trump and the dangers which would ensue if vox populi placed Trump in the White House.
Via martin Wolf at the FT:
Donald Trump embodies how great republics meet their end
The Americans will have to decide what sort of ...
Posted in Uncategorized | 7 Comments »
Wednesday, March 2nd, 2016
Via the FT:
US life insurers shaken by rock-bottom rates
Industry titans hit almost as hard as banks amid macroeconomic concerns
February 10, 2016
by: Alistair Gray in New York
Life insurers are supposed to be bedrocks of financial stability, dependable institutions whose long-term business models set them apart from scandal-hit banks.
Yet shares in the ...
Posted in Uncategorized | 1 Comment »
Wednesday, March 2nd, 2016
Via Robert Sinche at Amherst Pierpont Securities:
AUSTRALIA: The February Services PMI will follow 4 readings below 50, and 48.4 in January, surprising given the acceleration of Real GDP growth reported for late 2015.
CHINA: the February Composite PMI from Markit will follow a modest rebound to 50.1 in January as service ...
Posted in Uncategorized | Comments Off on Overnight Data Preview
Wednesday, March 2nd, 2016
Via The Hill.com
Google says the search “How can I move to Canada?” spiked 350 percent as results came in late Tuesday showing wins for GOP presidential front-runner Donald Trump.
“Searches for ‘how can I move to Canada’ on Google have spiked +350% in the past hours,” tweeted Simon Rogers, the search ...
Posted in Uncategorized | Comments Off on From the Oh Canada Department and I Hate the Donald Department
Wednesday, March 2nd, 2016
Via the WSJ:
By
PAUL HANNON
March 2, 2016 6:12 a.m. ET
0 COMMENTS
Global inflation rates picked up for a fourth straight month in January, although that revival is likely to prove short-lived following sharp falls in commodity prices since the start of the year.
The Organization for Economic Cooperation and Development Wednesday said the ...
Posted in Uncategorized | Comments Off on Inflation Murmurings
Wednesday, March 2nd, 2016
Via Marc Chandler at Brown Brothers Harriman:
Markets Take Another Step Away from the Edge
- The angst that characterized the first several weeks of the year continues to dissipate
- Moody's cut its outlook for China's credit rating to negative from stable, and this did not cause much of a ripple ...
Posted in Uncategorized | Comments Off on FX