Economy

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

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…

Czech voters are deeply dissatisfied and in a highly skeptical mood, since following seven quarters without growth the country’s economy is evidently stuck in the doldrums. The worst part is things look highly unlikely to improve anytime…

In the wake of the selloff in stocks and bonds after the Fed laid out its timetable for tapering, markets are looking to see whether they have misread the Fed. Fed Presidents Bullard and Kocherlakota have spoken and both were pretty dovish.…

There are perhaps more myths about QE than almost any other monetary policy instrument. Here are five of the most pernicious QE myths.

The treasury curve has steepened materially over the past few weeks, driven by Bernanke's seemingly hawkish statements. One group of companies that will benefit from this adjustment is the banking sector.

By Marc Chandler  The dollar is the king of castle, extending yesterday's post-Fed rally across the board. Emerging market currencies have been particularly hard hit and we note that the Turkish lira is at new record lows.  Asset markets…

One of the key risks of course is the size and health of the shadow banking system. Fitch in particular has been ringing some alarm bells with respect to China's private credit growth.

The real challenges for China, if you believe in the social capital constraint, are not about maintaining high rates of growth in the short term but rather of raising the levels of social capital in China. This is much more difficult and…