Notes You Need for February 14: VZ, T-Mobile, EuroZone growth revised, Obamacare repeal, U.S. mobility, small caps, Acadia, oil and natural gas inventories
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...No magic in this morning’s news from the European Central Bank
The longer the financial markets thought about the actions announced by the European Central Bank today, the less impressed markets were. The STOXX 600 Europe Index had climbed as much as 2.5% during the day, but after peaking around 1 p.m., the index finished down 1.7% for the day.
European bond markets finally start to worry about the Greek debt crisis
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...More growth worries today from China and the EuroZone
Industrial output falls short in China for November and European banks decide that they don’t want cheap money from the European Central Bank
European Central Bank puts off buying government bonds until 2015
Wait ‘til next year for a big expansion of asset buying that is likely to include big purchases of sovereign debt. That was the message from European Central Bank President Mario Draghi today. Financial markets might have been hoping for more, but this is about as fast as Draghi can move while pulling reluctant members of the bank along with him.
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
EuroZone growth crisis extends to another quarter–no pressure on U.S. interest rates from this quarter
In the second quarter the EuroZone showed exactly zero growth. That follows on a anemic 0.2% growth rate in the first quarter. The biggest problem was Germany, not unexpected for the export-driven economy during the Ukraine/Russia crisis.