The list of disconnects between Wall Street and Main Street is long enough to choke a horse. We have uninspiring economic fundamentals and geopolitical turbulence, yet all-time highs in bullish sentiment and a persistent rise in the stock market. Given how the market broke a leg on Thursday, …
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The Sleeping Bear Bites the Complacent Bull
U.S. consumer sentiment finished September at its strongest in more than a year on growing optimism about the economy and more favorable outlook on future income, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s final September reading on the overall index on consu…
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Michigan Consumer Sentiment Index Rises to 84.6 From 82.5
William H. Gross, who built Pimco into one of the largest money managers in the world and has been called “the bond king,” has quit the firm he founded and will join Janus Capital. The surprising departure follows months of questions about his leadership style and his funds’ performance as invest…
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William Gross Leaves Pimco to Join Janus
A new research report from the global metals and mining team at Credit Suisse cites factors most investors in the stocks are painfully aware of.
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Metals and Mining Suffer Worst Stretch Since 1990s: Is a Turnaround Imminent?
A number of top Federal Reserve officials want more convincing evidence that U.S. inflation is on a healthy upswing before embarking on what they expect will be a very gradual course of interest rate increases. Policymakers at the central bank this week began to flesh out their thinking on the li…
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Low inflation fuels caution at Fed over rate rises
Gold mine economics for companies like Goldcorp Inc. (GG), Barrick Gold Corp. (ABX), Newmont Mining Corporation (NEM), and Kinross (KGC) depend on many controllable and uncontrollable factors. We’ll discuss …
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Identifying the major drivers for gold mine economics
The U.S. economy expanded in the second quarter at the fastest rate since the last three months of 2011 as companies stepped up investment and households boosted spending. Gross domestic product grew at a revised 4.6 percent annualized rate, up from a previous estimate of 4.2 percent, Commerce D…
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Economy in U.S. Expanded 4.6% in Second Quarter, Most Since 2011
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 4.6 percent in the second quarter of 2014, according to the “third” estimate released by the Bureau of Economic Analysis. In the first quar…
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US Gross Domestic Product: Second Quarter 2014 (Third Estimate)
Brent crude oil looked poised to post a weekly loss on Friday as it continued to struggle under the weight of oversupply and an ailing global economy. The commodity traded at $96.82 at 8:10 GMT as output …
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Brent Likely To Post Another Weekly Loss
Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained…
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The Secret Goldman Sachs Tapes
Britain’s Financial Conduct Authority held talks this week with six banks over an aggregate settlement of around 2 billion pounds after its investigation into allegations of collusion and manipulation in the global currency market, Sky News reported on Friday. The settlement would see banks pay …
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UK regulator, banks in talks over 2 billion pounds FX probe settlement
The eurozone debt crisis never went away. It merely acquired a misleading veneer of resolution, thanks to grand promises, political chest-thumping and frazzled financial markets that were desperate to believe in happily ever after. Today, there is an accentuated sense of deja vu (all over again, …
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Debt forgiveness could ease eurozone woes
European Central Bank Executive Board member Benoit Coeure said Friday that policymakers expect more vivid interest in the Bank’s targeted liquidity operations going forward as demand for credit improves. “We are now seeing signs that credit demand is picking up, making it imperative tha…
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ECB Coeure Sees More Demand For Upcoming TLTROs
Global stock markets will keep climbing well into 2015 as they shift away from a liquidity driven rally to focus on growth expectations, although many strategists also warned in a worldwide Reuters poll that prices are already very high. Accommodative monetary policy has driven a bull market in s…
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Global stock market rally set to continue into 2015
Selling pressure is taking hold on global equity markets, as Wall Street had its worst session since 31st July. The S&P 500 fell 1.6% leaving it at a 5 week low and at risk of further correction back towards its band of support 1945/1955. The move was driven by a series of shocks which included…
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The implications of key near term support on Cable
Vladimir Putin has demanded a reopening of the EU’s recently-ratified trade pact with Ukraine and has threatened “immediate and appropriate retaliatory measures” if Kiev moves to implement any parts of the deal. The demand, made in a letter to European Commission President José Manuel B…
House prices have fallen in London for the first time in nearly two years after a period of frenetic hikes in value, as demand in the capital finally dissipates. More “modest” price drops in the London market are to be expected to follow, according to the latest Hometrack report, as buyers reject…
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UK House prices have finally started to fall
Diverging monetary policies have fueled the U.S. dollar’s strength this summer, more so against the EUR than any of the other Group of Seven (G-7) currencies. On Thursday, the pressure applied to the single unit managed to push it to its weakest outright level (€1.2697) in almost two years. To date,…
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Week in FX Europe – EUR Run Ragged after Consolidation
The following are the intraday outlooks for USD Index, EUR/USD, EUR/GBP, and S&P500 as provided by the technical strategy team at SEB Group. USD INDEX: Spiked in the target zone. The move up into the next resistance zone, the next target range and the subsequently rejection from it clearly has …
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Intraday Outlooks For USD Index, EUR/USD, EUR/GBP, SP500 – SEB
Three years ago, a tsunami swept crumpled cars and debris across Sendai Airport in northeast Japan, closing it for a month. Now, Macquarie Group Ltd. (MQG) and Mitsubishi Estate Co. want a piece of the business. From airfields and roads to waterworks and sewerage systems, Japan is putting operat…
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Pumping Japan’s Sewage Is Abenomics Recipe to Cut Debt
