Herman Cain on possible Fed nomination: ‘The people who hate me are digging up negative stuff’
Herman Cain addressed President Donald Trump’s recent announcement that he wants the former pizza chain CEO and Kansas City Fed chairman to join the Federal Reserve Board. In video posted on Facebook, Cain said that a background check would be...
Herman Cain and Stephen Moore are the beginning of Trump’s ‘politicization’ of the Fed: Barclays
President Donald Trump’s potential nominations of Stephen Moore and Herman Cain to the Federal Reserve could be the beginning of a politicization of the central bank, according to Barclays’ chief U.S. economist. “When it comes to nominees, most people that...
Fundamentals Improved But Uncertainties Remain, Forex Markets Isolated From Optimism Elsewhere
After a strong Q1, risk appetite extended into the first week of Q2. The most notable improvements were seen in the bond markets, as German 10-year yield turned positive again. US 10-year yield also reclaimed 2.5 handle. However, stocks and...
Deutsche Bank Middle East CEO admits market sentiment is poor for Gulf economies
Market sentiment is not great for Gulf states at the moment, Deutsche Bank’s Middle East and Africa CEO said Wednesday, acknowledging the concerns that investors have held about the region in recent years. “The private sector across the region, frankly,...
The business risk of voting against climate change proposals
In April, Equinor agreed to make strengthened commitments on climate change, following engagement with Climate Action 100+, an initiative created by investor and shareholder groups to work with 100 of the world’s largest emitters. Investor signatories led by UBS Asset Management,...
Sideways: Buffett and Icahn – old dogs stick to old tricks
Icahn – an endlessly litigious activist investor – used his trademark acerbic tone to complain about the deal. He claimed that the terms of the Berkshire Hathaway preferred stock deal highlighted Hollub’s inexperience, saying that a “ninety-minute deal ‘negotiation’ with...
Weekly Economic and Financial Commentary: Stronger PMI Readings Temper Global Growth Fears
U.S. Review Softer First Quarter Coming Into Focus The recent—but temporary—inversion of the yield curve deepened worries that the next recession could be sooner than many forecasters are anticipating. Recent data continue to suggest a softer first quarter, but with...
The Weekly Bottom Line: Labor Market Strength Back on Display in March
U.S. Highlights Progress on U.S.-China trade negotiations helped support risk appetite this week, with equity prices and yields up. February retail sales fell 0.2% month-on-month, but an upgrade to January made it more palatable. On the other hand, the job...
GBP/USD Unimpressed by Brexit “Flextension”
The Brexit merry-go-round continues to turn, with today’s news highlighted by the potential for a “flextension” to Brexit negotiations. PM Theresa May formally requested an extension to June 30th, with the UK fielding candidates for EU elections if no deal...
Dollar Rises on Strong US Jobs Data
The US dollar is higher across the board against major pairs on Friday. The greenback got a boost from the March U.S. non-farm payrolls (NFP) report that showed the economy added 196,000 jobs and an upward revision to the February...