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...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.
Dollar sinks against euro and yen–but looks like it may be stabilizing
The dollar is down agains the yen and the euro, but it looks to be stabilizing on worries that Japan’s economy is weak enough to bring the Bank of Japan back into action and on uncertainty about economic news from the EuroZone set for release tomorrow
Between this morning’s two surprises, the rate cut by the ECB is a bigger deal than stronger U.S. GDP
Surprise. Actually two of them. First, the U.S. economy grew at a faster than expected 2.8% year over year pace in the third quarter. That’s up from the 2.5% rate for the second quarter. Second, the European Central Bank cut its benchmark interest rate to 0.25% this morning from 0.5%. That takes the benchmark rate to a new historic low.
EuroZone growth projections fall; European Central Bank still unlikely to cut rates on Thursday
The European Commission today cut its forecast for 2014 growth in the EuroZone, but still no one is expecting that the European Central Bank will cut interest rates to stimulate the economy at its Thursday meeting. That depressed European stock markets today.
Merkel scores big victory but still faces need for coalition: how long will the honeymoon last?
Merkel almost wins a majority in German elections. From the point of view of the financial markets, this result is about as good as it gets. Markets are assured of continuity—no surprises—with the possibility that Merkel will be pushed slightly toward more growth in Germany’s domestic economy
Will Sunday’s German elections market a peak for the euro?
Post-election Greece looks like it’s going to need either a small bridge loan or a big bridge loan and debt reduction in late 2013 or early 2014. Portugal looms as an even bigger problem with the country needing to raise $15.8 billion euros ($21.4 billion)–meaning that Portugal will almost certainty need a second full bailout program at the end of 2013 or in early 2014.
Strong dollar, strong U.S. stock market–how long does this trend run?
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...Remember the euro crisis? Italian and Spanish bond yields are up this 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...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...Why markets aren’t worried about inflation even as central banks flood the world with money
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...Jim’s Stock Alerts
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