Posted on Monday, September 3rd, 2012 at 10:34 am.
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... Read More...
Posted on Friday, August 31st, 2012 at 9:59 am.
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... Read More...
Posted on Thursday, August 30th, 2012 at 9:58 am.
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... Read More...
Posted on Wednesday, August 29th, 2012 at 10:32 am.
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... Read More...
Posted on Tuesday, August 28th, 2012 at 10:55 am.
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... Read More...
Posted on Friday, August 24th, 2012 at 9:52 am.
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... Read More...
Posted on Thursday, August 23rd, 2012 at 11:01 am.
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... Read More...
Posted on Wednesday, August 22nd, 2012 at 12:05 pm.
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... Read More...
Posted on Tuesday, August 21st, 2012 at 10:15 am.
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... Read More...
Posted on Monday, August 20th, 2012 at 9:53 am.
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... Read More...