Add another 19.2K people to the rolls of jobseekers in France in September. That’s worse than the 5.9K expected and brings the total number of jobseekers to a record 3432.5K.
Ebola ain’t what it used to be. The S&P 500 fell by about 12 points late yesterday as the story about ebola in New York City broke but all the decline (and more) has now been wiped out. Like we … Continue reading
S&P sees asset quality in Russia’s financial system deteriorating Sees Russian economy expanding by 1% yearly from 2014-2017
Maria Fekter talking about domestic banks, I believe, but from what we know there will be no big surprises anywhere. She said there are no surprises and that only Volksbanken is “stress burdened”, according to APA.
Closing changes for the main European bourses: UK FTSE -0.5% German DAX -0.6% French CAC -0.6% Italy MIB +0.4% On the week: UK FTSE +1.23% German DAX +1.67% French CAC +2.54% Italy MIB +4.35% It’s been a wild year in … Continue reading
Reuters now citing sources, confirming an earlier report. 25 failing is the headline but it only really means that 10 have failed and that’s good news for the euro unless you believe the tests were far too easy, which is … Continue reading
The action is slow today. We got the squeeze higher that took the price above the broken trend line. That failed. The price is back lower toward the midpoint of the day’s range at 1.2664. The close yesterday was at … Continue reading
A spokesman from the ECB who is speaking for Draghi and repeating his comments to EU leaders in Brussels: Draghi did not speak of deflation Draghi says EU budget rules must be credibly upheld as policy anchor Countries with fiscal … Continue reading
The NZDUSD marched lower yesterday and got a Trade Balance number that was much worse than expectations – or was it? The Trade Balance came in with a deficit of -1350 for the month. This was a record deficit. NZDUSD … Continue reading
1.2700 and 1.6100 have held so far on a run up while the dollar had a little flip out to 107.79 That’s recovered back to 107.94 and a push back above 108 will probably mark the end of a break … Continue reading