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Oct 17, 13 •
2289 Views •
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Comments Off on The USA debt ceiling compromise is not enough to rally European markets
In our latest morning roll call we highlighted the fact that, despite the USA avoiding a potentially catastrophic financial meltdown by way of a default, only a temporary solution was reached. We’re left with a totally unsatisfactory situation were...
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Oct 16, 13 •
2895 Views •
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Comments Off on European car sales rally 5.5%, whilst the markets now wait and hope for a debt ceiling resolution
There was good news from the European car sector in this mornings financial news, European sales have improved by 5.5%. However, that news needs tempering with the realisation that the numbers bounced up from an incredibly low point reached during the summer...
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Oct 15, 13 •
2486 Views •
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Comments Off on Morning rally pushes Germany’s DAX to a record high, while France’s CAC is at a five-year high.
Europe’s major stock indices are higher this morning, on hopes that the progress made in Washington last night between the opposing Democrats and Republicans will eventually translate into a debt ceiling and budget deal. Senate majority leader Harry...
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Oct 14, 13 •
2352 Views •
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Comments Off on Three days until ‘D-Day’ in the USA
We’re not alone in expecting this deadlock debt ceiling situation to be resolved any day soon as it dramatically heads right down ‘to the wire’ (as they are fond of saying in the USA). As we’ve stated on several occasions; once...
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Oct 11, 13 •
2258 Views •
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Comments Off on Will the best day of 2013 for the Dow, due to the possible debt deal, extend into Friday’s trading sessions?
The DJIA rose 2.2% yesterday, by far its best day in 2013. However, with president Obama not making any real tangible improvement with his opposite numbers in the Republican Party, the huge boost in market sentiment experienced on Thursday could evaporate...
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Oct 10, 13 •
2910 Views •
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Comments Off on ‘Humbled’ Janet Yellen is determined to help hardest-hit Americans
During yesterday’s White House conference, President Obama praised current Fed chairman Ben Bernanke as he winds down towards his leaving in January 2014 for leading the US through; Describing Yellen’s nomination as “one of the most important...
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Oct 9, 13 •
2234 Views •
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Comments Off on USA consumer confidence evaporates whilst UK manufacturing finds reverse gear
It’s noticeable just how fickle consumer confidence is in the USA when faced with a political and economic crisis. Similar to many analysts and market commentators, in this column we’ve long held the view that the USA economy had topped out and...
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Oct 8, 13 •
2234 Views •
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Comments Off on German exports fall in August 2013, down 5.4% on August 2012…
We start with a title which should remind those investors and traders, who have been seduced by many of the bullish statements from the E.U. and ECB over recent weeks, that the recovery in the Eurozone and as a consequence the wider European region, is far...
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Oct 7, 13 •
2478 Views •
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Comments Off on The USA debt impasse begins to get ‘real’ as European economic sentiment falls…
In our morning roll call publication (printed this morning) we quoted U.S. Treasury secretary Jacob Lew sharing his concerns regarding the USA debt ceiling impasse, for those who missed it the key quotation is worth repeating; So far this morning the noises...
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Oct 4, 13 •
2713 Views •
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Comments Off on As the USA government shutdown enters its fourth day the effects are starting to be felt
Despite the sweeping generalization peddled by the mainstream media (that 800K government workers and civil servants are not getting paid), due to the various anomalies within the USA government, as to how and why certain employees are paid, ensures that not...