Get ready for gold miners to write down the value of reserves in July–painful, yes, but necessary before any recovery in the sector
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Wanna talk about this scary and confusing market? Here’s how
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...People’s Bank takes a step back from the brink–but slower growth in China central bank goal
The People’s Bank of China has taken a step back from the brink. But it’s a small step and global investors are clearly still worried that actions by China’s central bank will further slow China’s economy. The Shanghai Stock Exchange closed down 5.9% today and Hong Kong’s Hang Seng Index dropped 2.22%. In Tokyo the Nikkei 225 Index fell 1.26%.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Trick or Trend: What’s the Fed’s real plan?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Spanish and Italian bond yields climb but, so far, short of the danger zone
While the yield on the U.S. 10-year Treasury has moved up to 2.49% from 1.93% a month ago, the yield on the Spanish 10-yer government bond has climbed 0.31 percentage points this week to 4.9%. The yield on the Italian 10-year bond has climbed to 4.6%.
That’s indeed a big move higher in a short time but it leaves bond yields for Spain and Italy a long way below the danger zone of 6% and above
My all-around-the-world, best-guess calendar for when to buy this market drop
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Now China’s central bank worries the markets
Now it’s the turn of the People’s Bank to put ratchet up worry in the global financial markets. The rate that’s causing all the worry is the interbank lending rate, the rate that banks charge each other. The seven-day repo rate, an interbank benchmark for funding costs, reached a record high of 12% on June 19, the highest level since 2006, and then shot up to 25%, intraday, on June 20.
No more SuperBanks? Markets lose faith in power of central banks
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Not the best environment for U.S.banks: Sell U.S. Bancorp as a source for cash
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Bernanke and the Fed can’t make everybody happy today
The Federal Reserve has to reassure markets that it won’t taper its $85 billion in monthly purchases too quickly and at the same time keep the market focused on the inevitability of that tapering later if not sooner
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