What message are Japan’s salary men delivering to the global economy? Many readers will be familiar with the concept of Mrs Watanabe, for those amongst us that aren’t here’s a quick synopsis; Mrs Watanabe is the personification of the Japanese housewife speculators, who are (occasionally) strong enough to affect international markets, especially foreign exchange markets. […]
Between The Lines; Morning Roll Call Read More »
One of the PIIGS is beginning to squeal, Portugal’s bond yields rise past the critical 7% yield to 8%. Bond traders have been selling Portuguese debt this morning, in turn driving down its price and as a consequence pushing up the interest rate (yield) on the bonds. The yield was trading at below 6.5% on
Is the USA experiencing another bubble in housing? It’s generally accepted wisdom that for a failed financial phenomena to return it has to ‘hide’ for a generation or more, quite simply we need to forget the mistakes of the past. However, we may be witnessing a return of housing speculation in America after it’s remained
Between The Lines; Morning Roll Call Read More »
Is it too early to become relieved by Spain’s job numbers? The number of unemployed in Spain at the end of June 2013, according to data from the records of the Public Employment Service, has dropped by 127,248 versus the previous month. The reduction is 2.60%. The fall in trend started in March and has
Mind The Gap, Mid Session London Update Pre The New York Open… Read More »
Is the USA experiencing another bubble in housing? It's generally accepted wisdom that for a failed financial phenomena to return it has to 'hide' for a generation or more, quite simply we need to forget the mistakes of the past. However, we may be witnessing a return of housing speculation in America after it's remained
Between The Lines; Morning Roll Call Read More »
Is it too early to become relieved by Spain's job numbers? The number of unemployed in Spain at the end of June 2013, according to data from the records of the Public Employment Service, has dropped by 127,248 versus the previous month. The reduction is 2.60%. The fall in trend started in March and has
Mind The Gap, Mid Session London Update Pre The New York Open… Read More »
Positive PMIs fuel bullish sentiment in Asia, Europe and the USA… The start of the year’s third quarter trading period was positive; from the Asian session the bullish sentiment continued through to the London session, further extending in the New York session, although risk appetite fell away and the DJIA retraced and gave back some
Between The Lines, Morning Roll Call… Read More »
In the overnight/early morning Asian session the print published regarding Chinese data, (the manufacturing PMI), came in as forecast by the economists polled. The figure was 50.1. The HSBC Markit publication was slightly lower than forecast at 48.2, a nine month low, but not significant as a miss in order to alter the current positive
Mind The Gap; Our Mid Morning Update Per The New York Open… Read More »
Positive PMIs fuel bullish sentiment in Asia, Europe and the USA… The start of the year's third quarter trading period was positive; from the Asian session the bullish sentiment continued through to the London session, further extending in the New York session, although risk appetite fell away and the DJIA retraced and gave back some
Between The Lines, Morning Roll Call… Read More »
In the overnight/early morning Asian session the print published regarding Chinese data, (the manufacturing PMI), came in as forecast by the economists polled. The figure was 50.1. The HSBC Markit publication was slightly lower than forecast at 48.2, a nine month low, but not significant as a miss in order to alter the current positive
Mind The Gap; Our Mid Morning Update Per The New York Open… Read More »
