European stocks rally on bad news that’s not as bad as expected
As of 11:15 the German DAX Index was up 2.38%, the French CAC Index up 1.34%, and the Spanish IBEX 35 Index up 1.85% on news that the Ifo index of current business climate in Germany fell to 107.5 in September. That was better than the drop to 106.5 that economists had been forecasting.
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...This week the Fed showed that words can move markets–this weekend everybody is talking
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...European Central Bank signals it will move, finally, at its October 6 meeting–speculation is that we’ll see a rate cut
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...It’s developing countries to the rescue–of developing financial markets
For example, China announced today that the national social security fund would invest $1.6 billion in Chinese stocks.
Greece will default–when it’s in the country’s self interest sometime in 2012
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...I can see the news flow turning more positive next week if…
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...New fear on old news is driving today’s drop
The fact that we’ve heard it all before doesn’t mean that this negative news flow won’t be strong enough to push an index like the S&P below one of the technical levels that is likely to trigger the big institutional computers into action one way or the other
The Fed, Greece, and Italy–will the news never stop?
The Fed is set to speak this afternoon about “Operation Twist.” Will the Fed, won’t the Fed, decide to sell short-term bills and notes from its portfolio in order to buy long-term bonds? But the really big news in the wings comes next Thursday, September 29, when Italy could set off a full-scale, domino-tumbling panic in European bond markets if its auction of government bonds fails.
The torture goes on: The Greek debt inspectors still haven’t booked their tickets for Athens–now it’s maybe next week
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...S&P downgrades Italy–as the euro debt crisis refuses to stay confined to Greece
After the U.S. market close yesterday, September 19, Standard & Poor’s cut Italy’s credit rating to A from A+. And the company kept its negative outlook, meaning that Italy faces a one in three chance of another rating downgrade within the next two years, according to Standard & Poor’s.
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