Impressive early turnaround for stocks despite the news from IBM and with Rosengren and Fisher downplaying the chance of extending QE. The S&P 500 is up 2 points to 1890 despite futures pointing to about a 5 point loss at … Continue reading
Schaeuble says German economic outlook is clouding over France’s Sapin says economic situation in eurozone much weaker than expected, must react to this Each state must spell out by year end how it plans to boost investment The euro has … Continue reading
A poll from CNT/MDA shows Rouseff at 50.5% and Neves at 49.5% ahead of the Oct 26 vote.
Two trends are accelerating in bonds at the moment and both indicate rising worries in broader markets. Spanish yields are rising despite rumors of the ECB buying Spanish covered bonds. Meanwhile, the long end of the Treasury curve is beginning … Continue reading
It’s a leading indicator of the mood of European consumers. No surprise that it edged lower.
Shares of IBM were down by as much as 8% in the pre-market while software giant SAP is down 4.6% in Germany. Those are the two biggest reasons for that European stocks are down and S&P futures are 2 points … Continue reading
The Irish Times reports: A woman living in west Dublin, who recently returned from Africa, has been taken to the national isolation unit in Mater Hospital with a suspected case of Ebola. Tests take about 24 hours to confirm. Once … Continue reading
Prior revised to -0.2% vs -0.3% originally It’s a laggy, low-tier report but it’s a good sign for Q3 GDP.
Dallas Fed President Fisher on CNBC: Recent market volatility has not changed my outlook ‘out iota’ No slide to downside on inflation, no pressure on upside either Biggest concern on ebola is media overreaction European economic issues very different from … Continue reading
Whatever froth you think is in eurozone markets, credit is still falling We need to extend the scope of macro-prudential instruments we have been given