U.S. jobs numbers disappoint in August; no growth in EuroZone GDP in the second quarter
Think of it as a reminder that the Federal Reserve isn’t going to rush to start raising interest rates in 2015. Today the Labor Department reported that the U.S. economy had added just 142,000 jobs in August
The ECB will do “something” tomorrow but will that something matter?
In the long run the EuroZone’s central bank has a problem: It’s not clear that even any of the radical and controversial (inside the bank anyway) measures the bank seems to be contemplating would actually do anything
U.S. dollar looks like best currency in town for rest of 2014
A weekend of bad economic news has put pressure on central banks in the EuroZone, China, and Japan to do something to stimulate economic growth just as U.S. economic growth looks stronger
Four ETFs for an uncertain market courtesy of BMO’s Jack Ablin
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...U.S. dollar takes a breather
The U.S. dollar fell and the euro climbed for the first time in four days as named—German finance minister Wolfgang Schaeuble—and unnamed sources—said that the currency markets have overreacted to comments by Mario Draghi.
S&P breaks 2,000 on momentum, M&A, and euro stimulus forecasts
Disappointing new home sales weren’t enough to stem momentum in U.S. stocks or to offset enthusiasm at signs the European Central Bank is moving toward a new round of stimulus. The early move was supported by more mergers and acquisitions news
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...World’s central banks start to shift portfolios in anticipation of end of Fed bond purchases
The world’s central bankers are getting their portfolios in order to prepare for the end of the Federal Reserve’s bond purchases later this year. A May survey of 69 central bank reserve managers by Central Banking Publications and HSBC suggests that many have started to move away from longer-dated U.S. Treasuries and from the U.S. dollar
New world financial order: China’s renminbi continues to gain market share
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...
Treasuries continue their rally–mostly on euro weakness
The rally in U.S. Treasuries keeps on keepin’ on. But all indications are that the Treasury rally is built on the relative attractiveness of Treasuries rather than on a forecast of falling U.S. economic growth. At least that’s what the mix of stronger Treasury prices plus a steady market for stocks argues to me.
Shift from declining to rising dollar extends for another day
The drivers seem to be better than expected U.S. retail sales for November; a report that industrial production in the EuroZone contracted in October; and a sense that a possible decision to begin tapering off the current $85 billion in asset purchases at the Federal Reserve’s December 18 meeting might not be especially scary. That last would reduce demand for the safe-haven Japanese currency.
Jim’s Stock Alerts
Download Jim’s eBook for Free
