Market Analysis

MARKET OVERVIEW   2013-01-08 03:00 GMT Japan to buy ESM bonds to stabilize the yen The big story in the Asian session is the announcement by Japan of its commitment to purchase ESM bonds to help stabilize Europe, Japan Finance Minister Taro Aso told reporters. The decision-maker added that Japan will buy European ESM bonds […]

MARKET OVERVIEW   2013-01-07 06:06 GMT ECB, BOE in Prime Focus this Week With the Fiscal Cliff behind us and the impending debt ceiling debate at least another month away, market focus will return to plain economic fundamentals next week. The sentiment is being bolstered by two central bank announcements – the ECB (January 10th,

MARKET OVERVIEW   2013-01-04 05:03 GMT Two largest rating agencies consider US fiscal cliff deal insufficient Moody’s and Standard and Poor’s credit rating agencies urged US lawmakers on Thursday to increase their efforts to tackle the country’s budget deficit, as they consider the last-minute fiscal cliff measures insufficient. The deal which was struck on Tuesday

MARKET OVERVIEW   2013-01-03 05:55 GMT Congress Passes Fiscal Cliff Deal – The Breakdown In a final hour maneuver, Congressional leaders brokered a deal that will allow the US economy to avert the Fiscal Cliff and alleviate pressure on the financial markets. The passage is being considered by some to be a victory for US

MARKET OVERVIEW   2013-01-02 04:07 GMT US House passes fiscal cliff bill After weeks of talks and negotiations, the House of Representatives has finally passed the fiscal cliff bill, with the ‘yea’ votes obtained surpassing the 217 threshold needed to approve the fiscal deal. The final vote count stood at 257-167 in favour of the

MARKET OVERVIEW   2012-12-31 07:14 GMT Time running short for ‘fiscal cliff’ deal Well, it looks like negotiations on Capitol Hill are still ongoing and far apart to avoid January’s “fiscal cliff”, as the House and Senate are to reconvene later today, the final day for Congress to craft a resolution prior to the deadline.

MARKET OVERVIEW   2012-12-27 14:17 GMT Fiscal cliff looms as US lawmakers play game of brinkmanship The “fiscal cliff” steadfastly approaches and it is a fair assumption that no one will come up with a deal in time to stop the country from careening off the edge. Nearly everyone involved claims they want to avoid

MARKET OVERVIEW   2012-12-24 09:54 GMT Fiscal Cliff talks remain deadlocked Negotiations between the Democrats and Republicans on deficit-cutting measures aimed at avoiding the so-called fiscal cliff fell apart last Friday, after House Speaker John Boehner failed to bring his ‘Plan B’ bill to a vote. US lawmakers have now just one week left to

MARKET OVERVIEW   2012-12-26 07:10 GMT Year In Preview: What Will 2013 Bring for the Euro? Another year has gone by and a lot has happened in the last twelve months, even as the European financial crisis continues to persist. But, taking a look at the next twelve months, and it’s easy to see that

MARKET OVERVIEW   2012-12-24 07:15 GMT Boehner’s ‘Plan B’ bill vote canceled News has hit the newswires that there will be no vote on ‘Plan B’ this evening due to lack of Republican support. Speaker John Boehner has pulled his own bill, and his office has just released a statement that says, in part: “The