Fed Passes Baton to ECB

The Fed Chairman, Ben Bernanke's much awaited speech at the Jackson Hole annual symposium provided little in terms of specifics to boost the economy. Although he fell short of explicitly hinting at QE3, he reiterated that unemployment is “a grave con...

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Which Way Will Bernanke Go?

Perhaps unlike previous instances, markets seem to be in the dark over whether the Fed Chairman, in his annual address today, will resort to additional monetary easing measures to revive the US economy. However, market whispers do suggest that Bernanke...

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Mario takes on Bundesbank

Italy is expected to clear the bond auction hurdle today, as news flow from the Eurozone suggested that the ECB would undertake measures to support the peripheral bond markets. The ECB Chief’s determined effort to tackle the region’s debt crisis wa...

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Spain Totters at the Cliff’s Edge

The positive response to yesterday’s Spanish and Italian bond auctions offered some respite to high yield currencies. However, Spain is still in a precarious position, as reports emerged that the Catalonia region may seek assistance from the governme...

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Central Bankers in a Hole

The week ahead is likely to be dominated by the meeting of central bankers in Jackson Hole, wherein the Fed Chairman and the ECB Chief are widely expected to shed some light on the prospects of further easing measures. Today’s consumer confidence and...

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UK Breathes Out a Little

Data today highlighted that the contraction in Britain’s second quarter GDP was not as severe as earlier feared. However, disappointing results from CBI’s survey yesterday have led to questions surrounding the sustainability of recent strength in t...

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Doves in Fed Take Charge

The dovish minutes of the Fed’s last policy meeting has once again sparked hopes that the central bank may not shy away from QE3, triggering a wave of optimism in the broader market sentiment. However, speculation of an ECB intervention has ebbed fol...

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UK Manufacturing Grinds to a Halt

The CBI’s latest industrial trend survey, released yesterday, further vindicated the feeling that weakness in the UK manufacturing sector was no longer a temporary phenomenon. Moreover, a surprise spurt in the government’s borrowing, excluding inte...

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Will ECB Clear the Mist?

The ECB yesterday shrugged off reports of setting threshold limits on yields in peripheral bond markets. The clarification however had minimal impact, with the Spanish bond yields slipping to the lowest level in more than a month and elevating hopes of...

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Retail Data Raises Hopes of UK GDP Revision‎

Key meetings of European leaders lined up during the week remain a determinant for market risk appetite. Recent reports have indicated that the ECB is planning to limit borrowing costs in peripheral nations up to a pre-determined level. The Greek Prime...

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