Economic Data

The dollar is trading on an easier footing as risk improves ahead of payrolls and hope of EZ action. US private payrolls expected to come in at 150k; strong report likely to be supportive of sentiment. Merkel calls for treaty changes in…

ISM - ISM Report - November 2011 Manufacturing ISM Report On Business® "The PMI registered 52.7 percent, an increase of 1.9 percentage points from October's reading of 50.8 percent, indicating expansion in the manufacturing…

There have been several developments and they have imparted conflicting impulses into the market. The S&P downgrade of a number of large banks based on a new methodology that has been unfolding over the past couple of years comes at a…

A French press report warned that S&P could put France on negative credit watch within a couple of weeks. Moody's warned that all 27 EU countries are at risk from the euro zone debt crisis. Moody's also placed subordinated debt,…

The rumour mill is grinding particularly fast at the moment. Germany and France seem to be working on the famous nuclear solution, Spain plays tough on outsiders, the IMF is rumoured to be preparing an aid package for Italy not to mention…

This time it's Steve Keen on the hotseat on HARDtalk. Now, Steve is one of the few economists who actually predicted the global financial crisis. But what about the possibility of another Great Depression? That possibility and how to avoid…

The weak November HSBC PMI for China has added to market bearishness. This is not the official PMI but we do note that while the HSBC measure has been below 50 for 4 of the 5 past months, the official PMI has yet to fall below 50, but it…

What was to be a subdued period in the markets is turning into a rout. There have been a number of poor developments that have sent the US dollar broadly higher and has weighed on the highly correlated risk assets, equities, emerging market…

Bloomberg Television has another great set of interviews to see, this time with Larry Fink of BlackRock and Bill Gross of PIMCO. The two sat down with Bloomberg Television's Erik Schatzker for an exclusive conversation at an alumni event…

Brazil stands out now for being one of the few in EM to be cutting rates. We think most in EM will be cutting rates by Q1 2012 due to the deteriorating global growth outlook, and so BRL will still likely continue to enjoy a big yield…