Germany’s weakening economy is in the spotlight again today with revised numbers on consumer price inflation for September. We’ll also see the latest monthly data on Britain’s labour market, followed by the main event for the US today: retail sales for September. Germany: Consumer Price Inflation…
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3 Numbers: German inflation fears, UK jobs, US retail sales
Asian stocks were cautiously up on Wednesday as benign inflation data in China and more gloom in the euro zone economy lent credence to fears of a faltering global economic recovery. The dollar steadied after disappointing data out of Germany and Britain checked the euro’s recent bounce. “News…
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Asia edgy on lingering growth anxiety, China inflation slows
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Auction Result of 30-Year JGBs on October 15, 2014
Credit Suisse Group AG is among those convinced the dollar has only just begun to strengthen. How convinced? Enough to spend more than 40 pages coming up with the many potential implications on the prices of everything from iron ore to U.S. regional banks. First a few words on why Andrew Garth…
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Get Used to Strong Dollar and Many Ways It’ll Affect Investments
Investors are showing less faith in the global economy, sending the appetite for riskier assets such as emerging-markets and European equities lower, according to a survey of fund managers released Tuesday. The Bank of America Merrill Lynch Fund Manager Survey for October found only a net 32% of …
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Growth fears pushing fund managers from risky positions, survey finds
Berkshire’s Ted Weschler and Todd Combs are delivering, according to Fortune’s analysis. A year ago Ted Weschler, one half of the duo likely to someday take over the massive Berkshire Hathaway stock portfolio and the even more titanic investing legacy of Warren Buffett, was in a footrace with the…
For signs of just how much inflation concerns have been erased by the global economic slowdown, look no further than oil. West Texas Intermediate crude, the U.S. benchmark, has plunged 22 percent since June 20 to $83.65 a barrel, the lowest in more than two years. A year ago, WTI crude for delive…
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Oil Knows Smart Money Sees No Inflation With Futures Drop
China’s consumer inflation eased further in September while producer prices continued to fall, data on Wednesday showed. Consumer prices rose 1.6 percent from the year-ago period, compared with the 1.7 percent gain forecast by Reuters and after climbing 2 percent in August. Wholesale prices, mea…
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China September CPI +1.6% on year; PPI -1.8%
CLS Group Holdings AG, operator of the world’s largest currency-trading settlement system, handled a record $5.94 trillion a day in September as volumes recovered from a slump in price swings that crimped activity. The average value of transactions settled by CLS each day rose 21 percent from Aug…
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Currency Comeback Seen in Record $5.9 Trillion a Day at CLS
Australian new vehicle sales rose in September with all vehicle types including sports utility higher, bouncing back from two straight months of decline. Wednesday’s data from the Australian Bureau of Statistics showed 94,285 new vehicles were sold in September, seasonally adjusted, up 2.9 percen…
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Australia new vehicle sales rise in Sep -ABS
Technical Sentiment: Bearish Key Takeaways •Price hit a major support cluster at 94.87 – 95.00; •Price bouncing off 200-Day Moving Average is a bullish signal; •Long-term uptrend has a chance to recover if price stays above 95. Short-term bears face long-term bullish structure, as CAD/JPY tumbl…
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CAD/JPY Sellers Face 200 Day Moving Average
Westpac / Melbourne Institute Consumer Confidence Index (s.a.) for October +0.9% m/m to 94.8 prior was -4.6% to 94.0 At 94.8 the reading is -12.5% y/y and is now below 100 (pessimists outnumbering optimists) for 8 consecutive months A look at some of the detail (the survey questions …
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Westpac Consumer Confidence Index for October: +0.9% m/m
Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and…
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Americans face post-foreclosure hell as wages garnished, assets seized
The last month has not been an enjoyable time for the Australian dollar as it endured a strong decline moving from close to 0.94 down to below 0.8650 and an eight month low in the process. For the last couple of weeks it has taken a breather mainly between 0.87 and 0.88. Even though it has met…
Don’t be fooled by what looks like fairly benign closes on European and US stock markets last night because it was actually a wild and crazy night with both regions bourses trading through large ranges. While the US surge around midday rescued Europe from its lows the late afternoon swoon in the …
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Stocks fall heavily into the close again, GBP and Euro lower
For the past three years the rapid growth of China’s service sector has been one of the most positive indicators that internal rebalancing – while slow – is moving in a positive direction. In nominal terms the tertiary industry (i.e. services) exceeded secondary industry (i.e. industry and…
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China’s New GDP Measurement: Impact on Growth, Income, and Productivity
In its Short-Term Energy Outlook (or STEO) report, the U.S. Energy Information Administration (or EIA) forecasted higher natural gas prices this winter.
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Must-know: Crucial months unfold for natural gas prices
Aluminum today is used to make wheels, engines, and hoods. The average aluminum content in vehicles has grown steadily since the 1980s.
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Why steel companies are jittery about aluminum
The U.S. dollar recovered against a basket of major currencies on Tuesday after worrying economic data out of the euro zone and Britain underscored the relative health of the U.S. economy. The dollar reversed Monday’s losses against the euro after euro zone industrial output and the ZEW indicator…
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Dollar recovers broadly on weak euro zone, UK data
Fitch Ratings has placed France’s ‘AA+’ Long-term foreign and local currency Issuer Default Ratings (IDR) on Rating Watch Negative (RWN). The issue ratings on France’s unsecured foreign and local currency bonds have also been placed on RWN. At the same time, Fitch has affirmed the Short-term foreign…
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Fitch Places France’s ‘AA+’ IDR on Rating Watch Negative
