The euro recovered lost ground in limited trade on Monday, boosted by weaker-than-expected U.S. housing data that softened a blow to the currency from news that German business morale fell. FOREX-Euro up on U.S. data but stymied by German business sentiment Mon Oct 27, 2014 4:02pm EDT 0 Commen…
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Euro up on U.S. data but stymied by German business sentiment
In a commentary for Marketwatch just over two months ago, I predicted that the U.S. stock faced at least a 20% correction. The signals now point to a 30% downturn. This recent market volatility VIX, +5.52% is just the beginning. The declines that corrected prices more than 10% in both the Russe…
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3 reasons why you should expect a 30% market meltdown
Moves to boost the U.S. housing market could fuel the next credit bubble, warned Alan Schwartz, the former head of Bear Stearns, which collapsed during the 2008 subprime mortgage crisis. Earlier this month, the U.S. Federal Housing Finance Agency announced plans to return to allowing Americans to…
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Cheap mortgages could fuel credit bubble: Ex-Bear Stearns CEO
Ray Dalio’s $160 billion hedge fund behemoth Bridgewater Associates is suing two former employees for allegedly “lying to the market about their former roles” while marketing their new hedge fund to investors, according to a complaint filed last week in US District Court for the Southern District of…
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Bridgewater Is Suing 2 Ex-Employees For Allegedly Lying About Their Roles While Marketing Their New Hedge Fund
The U.S. Energy Information Administration (or EIA) reports natural gas inventory figures every week. Natural gas is an important fuel worldwide. Its uses span from power generation to plastics.
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Natural gas inventories: Crucial data for energy investors
Europe’s banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 firms would have failed if new capital rules were fully applied. The euro zone is lagging behind countries outside the bloc in implementing the Basel III capital …
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Under full capital rules, 36 EU banks would have flunked test
TALLINN, Estonia (AP) — A giant floating natural gas terminal arrived Monday in the Lithuanian port of Klaipeda as the Baltic country tries to further reduce its reliance on energy supplies from Russia.
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Floating gas terminal anchored in Lithuania
It is a real pleasure to be giving my first speech as Deputy Governor of the Bank of England at the London School of Economics (LSE). It resonates on so many fronts. The LSE has produced many members of the Monetary Policy Committee, Deputy Governors and indeed Governors of the Bank of England…
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Shafik: Making markets fair and effective
Is £1.7 billion ($2.7 billion) a lot of money for the British government to fork out? It is when it is a European Union budget demand that comes out of the blue. But the impact of the EU’s unexpected budget invoice is not just financial, for it has arrived at a time when the anti-EU, United Kingdom…
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Britain’s Last EU Straw?
France and the European Commission are moving closer to a compromise ahead of a Wednesday deadline for the Commission to determine if Paris is in “serious non-compliance” with budget rules. While President Francois Hollande told journalists at the EU summit on Friday that “we have done what we ha…
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France Moving Closer To Compromise With Brussels on Budget
Foreign-exchange traders’ messages on Facebook Inc. (FB) are being sought by European Union antitrust regulators as they expand a probe into alleged collusion between banks beyond work e-mails and instant messages, two people with knowledge of the case said. Banks have been asked to supply all co…
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FX Traders’ Facebook Chats Said to Be Sought in EU Probe
The outcome of the elections in Brazil are tamping down commodity prices in a serious way.
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Brazil Elections a Mixed Bag for Commodities
In recent weeks, I’ve expressed very pointed concerns about market risk, emphasizing that the most negative market return/risk profiles we identify are associated with a severely overvalued, overbought, overbullish syndrome of conditions that is then followed by a clear deterioration in market…
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Fast, Furious and Prone to Failure
Federal Reserve officials approach the Oct. 28-29 Federal Open Market Committee meeting amid unsettled financial markets, weak inflation around the globe, and slowing economies outside the U.S. Most officials favor holding off on interest rate increases until next year and ending the central bank’s…
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Fedspeak Cheatsheet: What Are Fed Policy Makers Saying?
The European Central Bank’s plan to buy private sector assets may fall short of its goal and pressure is likely to build for bolder action early next year, with government bond purchases an option, ECB sources said. The euro zone’s central bank started buying covered bonds last week and plans to …
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ECB stimulus may lack desired scale, QE an option – sources
The European Central Bank said it settled 1.704 billion euros ($2.2 billion) of covered-bond purchases last week as it started its latest effort to revive the euro-area economy. The Frankfurt-based institution began purchases on Oct. 20, returning to the market for a third time in six years as pa…
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ECB Starts Buying Spree With 1.7 Billion Euros of Covered Bonds
BREAKING
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ECB: Settled 1.704 Bln Euros In Purchases Under New Covered Bond Programme As Of Oct. 24
Confrontation is in the air as Europe’s policy-making preoccupations fluctuate between banking soundness and budget deficits. The results of Sunday’s banking assessments by the European Banking Authority and the European Central Bank provide both good and bad news about the health of European banks….
Contracts to purchase previously owned homes rose less than forecast in September, showing housing will take time to gain momentum. The pending home sales index increased 0.3 percent after dropping 1 percent in August, the National Association of Realtors said today in Washington. The median proj…
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Pending Sales of U.S. Existing Homes Rise Less Than Projected
Pending home sales rose slightly in September and are now above year-over-year levels for the first time in 11 months, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inched 0.3 percent to 105.0 in Septemb…
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Pending Home Sales Hold Steady in September
