2013

News links for 7 Jul 2013

The sharp jump in China's short-term rates has been nearly reversed. Repo rates are approaching their longer-term averages, with the PBoC coming to its senses and addressing the liquidity squeeze.

Fundamental and technical considerations are aligned in favor of the US dollar. The latest string of economic data, including the June employment report, is strengthening the market's conviction that the Federal Reserve will begin tapering…

News links for 6 Jul 2013

By Marc Chandler The ECB took an unprecedented step today. Part of its mantra has been that it does not pre-commit. Today it did. It indicated interest rates will be the same or lower for an extended period of time. Draghi, when pressed,…

More news links for 1 Jul 2013

Updates of most important data flow in the week ahead for 1 Jul 2013

I am still off for a few days for personal reasons but here are some links I have been tracking over the past few days. These are by no means comprehensive but I think they are newsworthy. Edward BBC News - Gold price falls below $1,200…

US equity markets are continuing to price in higher premiums for bank shares relative to the overall market. The increased steepness of the yield curve will mean higher net interest income, as banks borrow at historically low rates from…

Still contracting but at a reduced pace. Germany a bit worse and other up a bit may show the squeeze has caused a bit of a shift from Germany to other members as the pie continues to shrink?In any case, a reduced pace of deterioration does…