An independent Scotland could lay claim to a part of the United Kingdom’s 310-tonne gold reserves if votes go in favour of the “Yes” campaign this month, with ownership of Britain’s bullion hoard up for negotiation along with other assets. “The distribution of the UK’s assets in the event of Sc…
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Ownership of UK gold up for negotiation if Scotland votes "Yes"
There’s a moderate array of economic news to digest on Tuesday, but the lion’s share of attention will zero in on the UK, and on assessing the economic consequences of a Scottish vote in favour of independence. Accordingly, today’s report on industrial production for Britain will be a key release,…
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3 Numbers: weak UK industry growth, US small business mood, US retail
There’s a moderate array of economic news to digest on Tuesday, but the lion’s share of attention will zero in on the UK, and on assessing the economic consequences of a Scottish vote in favour of independence. Accordingly, today’s report on industrial production for Britain will be a key release,…
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3 Numbers: weak UK industry growth, US small business mood, US retail
Consumer confidence in Japan decreased unexpectedly in August, data from the Cabinet Office showed Tuesday. The consumer confidence index fell to 41.2 in August from 41.5 in July. Economists had expected the index to rise to 42.3. Three of the four major sub-indices decreased in August. The i…
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Japan Consumer Confidence Falls Unexpectedly In Aug
Consumer confidence in Japan decreased unexpectedly in August, data from the Cabinet Office showed Tuesday. The consumer confidence index fell to 41.2 in August from 41.5 in July. Economists had expected the index to rise to 42.3. Three of the four major sub-indices decreased in August. The i…
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Japan Consumer Confidence Falls Unexpectedly In Aug
The PBOC strengthened the CNY fixing by over 0.3% today – its biggest fixing move since June 2010 as the Yuan strengthens to 6-month highs against the USD. This seeming ‘panic’ move comes on the heels of last night’s record trade surplus – which as Goldman notes – was likely dominated by FX inflows…
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China Hits ‘Inflow’ Panic Button- Strengthens Yuan Fixing By Most In 4 Years
The PBOC strengthened the CNY fixing by over 0.3% today – its biggest fixing move since June 2010 as the Yuan strengthens to 6-month highs against the USD. This seeming ‘panic’ move comes on the heels of last night’s record trade surplus – which as Goldman notes – was likely dominated by FX inflows…
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China Hits ‘Inflow’ Panic Button- Strengthens Yuan Fixing By Most In 4 Years
One of the biggest hurdles to building new power plants in Japan is finding a place that’s safe from earthquakes and tsunamis. That place may turn out to be 30 miles at sea. Sevan Marine ASA (SEVAN), a Norwegian builder of offshore oil-drilling vessels, is proposing a $1.5 billion natural gas-fir…
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Power Plants Heading Out to Sea in Post-Fukushima Japan
One of the biggest hurdles to building new power plants in Japan is finding a place that’s safe from earthquakes and tsunamis. That place may turn out to be 30 miles at sea. Sevan Marine ASA (SEVAN), a Norwegian builder of offshore oil-drilling vessels, is proposing a $1.5 billion natural gas-fir…
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Power Plants Heading Out to Sea in Post-Fukushima Japan
While most Federal Reserve watchers are comfortable with the forecast of a first rate hike sometime in the middle of 2015, there are some notable outliers. One of them is Vincent Reinhart, a former top monetary policy expert at the U.S. central bank and now top U.S. economist at Morgan Stanley. …
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Morgan Stanley’s top economist says a market tantrum will delay Fed hikes until 2016
While most Federal Reserve watchers are comfortable with the forecast of a first rate hike sometime in the middle of 2015, there are some notable outliers. One of them is Vincent Reinhart, a former top monetary policy expert at the U.S. central bank and now top U.S. economist at Morgan Stanley. …
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Morgan Stanley’s top economist says a market tantrum will delay Fed hikes until 2016
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Auction Result of 30-Year JGBs on September 9, 2014
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Auction Result of 30-Year JGBs on September 9, 2014
Australia’s biggest companies are giving up on growth. Investment by businesses in the benchmark stock index will probably slip below rising dividend payouts within two years, according to data compiled by Bloomberg. Wesfarmers Ltd., the country’s biggest private-sector employer with operations s…
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Australia Gives Up on Australia as Investment Dwindles
Australia’s biggest companies are giving up on growth. Investment by businesses in the benchmark stock index will probably slip below rising dividend payouts within two years, according to data compiled by Bloomberg. Wesfarmers Ltd., the country’s biggest private-sector employer with operations s…
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Australia Gives Up on Australia as Investment Dwindles
US DOLLAR TECHNICAL ANALYSIS – Prices scored their largest one-day rally in 15 months and rose to set a new 2014 high.A daily close above the 76.4% Fibonacci expansion at 10844 exposes the 100% level at 10914. Alternatively, a turn below the 61.8% Fib at 10800 clears the way for a test of the 10756…
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Gold Drops to Three-Month Low, US Dollar Sets New 2014 High
US DOLLAR TECHNICAL ANALYSIS – Prices scored their largest one-day rally in 15 months and rose to set a new 2014 high.A daily close above the 76.4% Fibonacci expansion at 10844 exposes the 100% level at 10914. Alternatively, a turn below the 61.8% Fib at 10800 clears the way for a test of the 10756…
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Gold Drops to Three-Month Low, US Dollar Sets New 2014 High
How do you make sense of lackluster flows into equity funds amid the longest outperformance for U.S. stocks since the presidency of Richard Nixon? For Chris Hyzy of U.S. Trust Co. in New York, it’s just another sign that shares have more room to rally. Except for in 2013, when $157 billion pou…
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S&P 500 Beating World Most Since 1969 but Doesn’t Spark Flows
How do you make sense of lackluster flows into equity funds amid the longest outperformance for U.S. stocks since the presidency of Richard Nixon? For Chris Hyzy of U.S. Trust Co. in New York, it’s just another sign that shares have more room to rally. Except for in 2013, when $157 billion pou…
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S&P 500 Beating World Most Since 1969 but Doesn’t Spark Flows
Business confidence remains resilient despite easing a little in August, supported by positive forward orders, subdued cost pressures and more stable consumer confidence. Positive business conditions are also helping despite falling back in the month. Confidence varies significantly across…
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NAB Monthly Business Survey – August 2014
