Going through the movers and shakers in the financial word and everyone is casting their verdict on the numbers. CIBC markets say the numbers weren’t a miracle reversal of everything that happened in Q1 but beating expectations and the revision … Continue reading
At this stage the ECB must leave some options open At the moment the ECB plan (not that there is one ) to lower the level of the euro is going swimmingly. The Maltese central bank head Josef Bonnici on … Continue reading
The FOMC members are back around the big table. I’m picturing Dallas Fed hawk Richard Fisher chugging a thermos of coffee, arriving late, kicking open the door, jumping on the table and hollering about asset bubbles with Plosser interjecting with … Continue reading
Former Fed Chair Greenspan is on Bloomberg TV: Sees near-term US economic momentum continuing Says it’s an ‘open question’ whether inflation will surprise to the upside Sees ‘a lot of uncertainty’ on the economy ‘We have a lot of uncertainty … Continue reading
PCE prices 2.3% vs 2.0% exp. Prior 1.4% Roll up, roll up. Get your inflation right here folks. Along with the GDP that’s going to get the market buzzing about interest rates and it’s possible not even a dovish aunty … Continue reading
The ECB’s emergency liquidity assistance program rose to €74.2bn last week to 25th July, from €68.3bn in the prior week. Although they don’t give the details of who took advantage of the ELA it’s something that is worth monitoring now … Continue reading
Finally the BOE has lept into action to shut the door on executives and their excessive bonus culture. No, of course they haven’t. Yesterday we were primed for the details of how the BOE’s PRA and FCA would tackle financial … Continue reading
banks eased credit standard for loans to households credit standards still relatively tight net demand for loans to companies increased ECB’s latest quarterly bank-lending survey here Easing credit standards doesn’t augur well
RBNZ FX ‘intervention’ stats out now … they sold a net NZ$2 million in June (i.e they didn’t intervene): Those looking for RBNZ intervention in the currency now have a month’s wait to see if they intervened in July.
European Central Bank governing council member Jens Weidmann told Frankfurter Allgemeine Zeitung, according to a release of an interview to be published in Wednesday’s edition: A stronger wage rise in Germany is positive amid virtually full employment in some sectors … Continue reading
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