-
Oct 4, 13 •
3488 Views •
Morning Roll Call •
admin
Comments Off on Default could be worse than the 08 crisis, USA unemployment claims fall, IMF warns over shutdown as does one of the biggest hedge funds…
Shares in New York fell sharply on Thursday afternoon after the US Treasury warned that the budget impasse between the Republicans and Democrats in Washington risked plunging the world’s biggest economy into its worst slump since the Great Depression;...
-
Oct 3, 13 •
2399 Views •
Morning Roll Call •
admin
Comments Off on The ECB keeps rates at 0.5%, USA jobs numbers disappoint, whilst the govt. shutdown enters its second day…
On Tuesday market investors appeared to brush off the partial shut down of the USA government; equities rallied in Europe and the USA, whilst the Nikkei and the ASX 200 rose. However, Wednesday was an entirely different scenario; the USA markets fell sharply...
-
Oct 2, 13 •
2492 Views •
Morning Roll Call •
admin
Comments Off on Global markets remain calm and make positive gains despite the USA government shutdown
The trading day on Tuesday began with investors fearing the worst due to the USA partial government shutdown, however, once the New York open began to approach it had become obvious, through European markets early performance and the USA equity future index...
-
Oct 1, 13 •
2889 Views •
Morning Roll Call •
admin
Comments Off on S&P to hold fire on a USA credit downgrade as the unbelievable may just happen; a USA government shutdown…
It would appear that the USA government is inching towards a shut-down, the ‘saving grace’ is that the leading credit agency, Standard & Poor’s, is signaling that it isn’t concerned enough to downgrade the USA government...
-
Sep 27, 13 •
3806 Views •
Morning Roll Call •
admin
1 Comment
The USA weekly unemployment claims came in at 309K on Thursday, an improvement on the predicted 319K from the analysts polled, however, rather disappointedly these figures still cannot be trusted as certain states’ data still appears to be in a mess....
-
Sep 26, 13 •
2994 Views •
Morning Roll Call •
admin
Comments Off on The US Treasury begins to warn Congress of the October deadline on raising the debt ceiling as govt only has $30 billion in reserves
Treasury secretary Jacob Lew stated on Wednesday evening that the USA government will have finally exhausted its borrowing authority by 17 October, leaving the United States just $30bn cash on hand to pay its bills. The government officially reached its...
-
Sep 25, 13 •
2819 Views •
Morning Roll Call •
admin
Comments Off on USA manufacturing appears to have run out of steam, whilst consumer confidence stalls
We highlighted the high impact news events for Tuesday in our ‘Mind The Gap’ section, that could affect sentiment in the afternoon session. The Richmond Fed Manufacturing survey came in below economists expectations; the Fifth District...
-
Sep 24, 13 •
3027 Views •
Morning Roll Call •
admin
Comments Off on US PMI published by Markit Economics slumps to a three-month low as new order growth slows sharply
In our weekly trends publication, published on Monday morning every trading week in our Trader’s Corner blog, we mentioned the importance of the rash of PMIs that were published this Monday. The European PMIs for manufacturing and services were, for the...
-
Sep 20, 13 •
2839 Views •
Morning Roll Call •
admin
Comments Off on UK retail sales fall suggesting that the recovery is more fragile than many analysts suggest
We’re not sure if our readers have noticed but there’s always an excuse prepared for failing economic information. The weather is the favourite excuse, particularly were retail data is concerned. If retail sales figures are up it’ll be the...
-
Sep 19, 13 •
49107 Views •
Morning Roll Call •
admin
Comments Off on The Tale Of The Tepid Taper That Never Was, Another Meme Pulled Of By The Mainstream Media
The word “meme” was coined by Richard Dawkins in his 1976 book The Selfish Gene, as an attempt to explain the way cultural information spreads. Internet memes are a subset of this general meme concept specific to the culture and environment of the...