Pound sterling gets pounded as “yes” surges in Scotland independence vote–4 stocks to check out
The pound has dropped to its lowest level in nine months as the financial markets look at the possibility of an independent Scotland that still uses the pound as its currency and the Bank of England as its central bank.
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
ECB delivers a 0.1 percentage point rate cut and a promise
Moves of this magnitude won’t have any effect on EuroZone growth rates or inflation. Instead they’re best seen as a promise that next meeting the ECB will begin a program of asset purchases.
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...War in the Ukraine by another name
Everything is in motion this morning as the conflict in Ukraine moved toward an all-out, but thoroughly denied, invasion of the east of the country by Russian troops, tanks, and artillery.
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.
French government crisis raises pressure on European Central Bank for quantitative easing
The rally in European government bonds continued as a government crisis in France increased odds that the European Central Bank will move to adopt a Federal-Reserve-style program of asset purchases
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…
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