Day: January 23, 2019
Recession fears are spreading, but Goldman Sachs says don’t worry
As a growing number of big-money folks around Wall Street are worried about a looming recession, Goldman Sachs’ economists aren’t very concerned at all. While it may be a case of famous last words, the bank’s experts in fact say the U.S. economy is less prone to recession than it has been in the past, …
Recession fears are spreading, but Goldman Sachs says don’t worryRead More
Citi issues its first green bond
Citi issued its first green bond on Tuesday – a €1 billion three-year fixed-rate note. The bond was larger than anticipated, and oversubscribed, pricing at mid-swaps +58 basis points – in from the initial +75bp area. The bond will fund renewable energy, sustainable transportation, water quality and conservation, energy efficiency and green building projects financed …
FX credit management: Keeping up with the bots
Credit is not allocated or managed correctly at trading venues in real time and the person bearing the credit risk is often the last to know. That, at least, is the view of Adrian Patten, co-founder and chairman of Cobalt, an FX-focused fintech company, in a recent market commentary. To make things worse, Patten adds, …
MARKET WRAP: Stocks Changed Direction- Closed Higher
Equity markets traded lower in the morning but changed its direction when the US markets started to trade. Thanks to Davos. Stocks The S&P 500 Index reversed its losses and jumped 0.3 percent as of 15:36 London time, The Stoxx Europe 600 Index increased 0.5 percent. The U.K.’s FTSE 100 Index was under the influence of Brexit and shed 0.4 percent. Germany’s DAX Index followed …
MARKET WRAP: Stocks Changed Direction- Closed HigherRead More
GBPUSD: Extension above 1.30 Barrier Pressures 200SMA Pivot
Cable is comfortable above 1.30 barrier that was eventually taken out today after last week’s double rejection and subsequent corrective dip. Improved sentiment on announced Brexit amendments (which still need to be passed) inflated pound today for advance through psychological 1.30 resistance. Bullish setup of daily techs adds to positive near-term outlook as bulls approach …
GBPUSD: Extension above 1.30 Barrier Pressures 200SMA PivotRead More
Government debt hits record $66 trillion, 80% of global GDP, Fitch says
Governments are continuing to run up huge debt levels, with emerging countries helping push the total global IOU to 80 percent of gross domestic product. The worldwide tab through 2018 is now up to $66 trillion as measured in U.S. currency terms, about double where it was in 2007, just as the financial crisis was …
Government debt hits record $66 trillion, 80% of global GDP, Fitch saysRead More
ECB Meeting and Eurozone PMIs Eyed as Euro/Dollar Flirts with Trendline
The ECB will announce its first policy decision for the year on Thursday, at 1245 GMT. A press conference by President Draghi will follow. Markets will focus primarily on whether the language around growth will be downgraded (euro-negative) in light of weakening data, as well as on Draghi’s tone. The bloc’s latest PMIs, due a …
ECB Meeting and Eurozone PMIs Eyed as Euro/Dollar Flirts with TrendlineRead More
BOJ Cut CPI Forecasts, But Is it Realistic to Expect Tax Hike will Help Inflation?
As widely anticipated, BOJ voted 7-2 to leave left the policy rate unchanged at -0.1% in January. All other policies also remained intact: purchases of JGBs at a pace of 80 trillion yen/ year and maintenance of 10-year JGB yield at 0%, with trading band at +0.2% and – 0.2% (yield curve control). Meanwhile, BOJ …
BOJ Cut CPI Forecasts, But Is it Realistic to Expect Tax Hike will Help Inflation?Read More
Sterling Shines as Campaign to Block No-Deal Brexit Gains Momentum
Sterling is the star performer today as campaign to block no-deal Brexit in the UK gathers momentum. Some upside acceleration is seen after the Pound takes out near term resistance against Dollar, Euro and Yen. New Zealand Dollar is following as the second strongest as boosted by stronger than expected CPI. Though, it handed the …
Sterling Shines as Campaign to Block No-Deal Brexit Gains MomentumRead More
Jamie Dimon’s politics: ‘My heart is Democratic but my brain is kind of Republican’
The CEO of J.P. Morgan Chase rarely reveals his political inclinations but, when he asked on Wednesday if he’s still “barely a Democrat,” Jamie Dimon answered “no” and explained. “My heart is Democratic but my brain is kind of Republican,” Dimon said on CNBC “Squawk Box” at the World Economic Forum in Davos, Switzerland. The …
Jamie Dimon’s politics: ‘My heart is Democratic but my brain is kind of Republican’Read More
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Finance news
 Baidu’s robotaxis don’t need any human staff in these parts of ChinaChinese tech company Baidu announced Monday it can sell some robotaxi rides without any human ... Read More Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point movesFederal Reserve Governor Michelle Bowman said Saturday she supports the central bank's recent big rate ... Read More Danger ahead: The U.S. economy has yet to face its biggest recession challengeYou'd be hard-pressed now to find a recession in the rearview mirror. What's down the ... Read More |
