financial news

Dollar firmer across the board amid month end repositioning; US futures suggest modest decline. Markets likely to remain sensitive to DM economic data; Case-Shiller & FOMC minutes are key today. EM continues trade directionless for now…

Joseph Stiglitz: US-Ökonom fordert von EZB billigeres Geld - Konjunktur - Politik - Handelsblatt Der Mittelstand in den USA kommt kaum an Kredite (tags: small-business credit)…

Noahpinion: Japan's low unemployment is easily explained (tags: japan jobs gender wages) Merkel attacked over eurozone crisis stance by ex-mentor Kohl -…

How Chase Ruined Lives of People Who Paid Off Their Mortgages « naked capitalism (tags: banks mortgages) Why is the Fed Hesitant to Do More for the Economy?…

Market action is quiet ahead of today’s Jackson Hole speech; US Q2 GDP likely to confirm slowdown. We do not expect an announcement of next round of asset purchases; yet doubt Fed will limit tools. EM asset prices are likely to continue…

Bernanke must not push QE3 at Jackson Hole - FT.com (tags: pimco federal-reserve ben-bernanke quantitative-easing monetary-policy) FT Alphaville » An…

Global stocks continue to push higher ahead of speech tomorrow; dollar remains soft. Fed unlikely to deliver QE3 tomorrow and therefore markets may be disappointed. Is a potential change in PBOC policy in the pipeline; Hawkish comments from…

Fall in German business confidence stokes recession fears | Business | guardian.co.uk (tags: germany business-confidence) ROUBINI: Gold Is In A Hyperbolic…

Japan likely to have its 7th PM in 5 years by next week - The Globe and Mail Prime Minister Naoto Kan's government has grown deeply unpopular due to its perceived mishandling of the devastating tsunami and…

Safe havens decline against backdrop of improved risk appetite; stocks and oil both up over 1%. EZ PMIs and Norwegian GDP both surprise to the upside; attention shifts to Richmond Fed in NY. EM markets supported by flash China PMI; Russia…