Euro zone bond yields fell sharply on Monday after European Central Bank President Mario Draghi boosted speculation that the monetary authority will eventually loosen its policy by printing money. In stronger language than he has used in the past, Draghi said on Friday at an annual meeting of cen…
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Euro zone bond yields fall as ECB’s Draghi boosts QE speculation
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Germany sells 12-mth Bubills, Avg Yield -0.031 Pct (pvs 0.007 Pct)
In France it was 2006. In Ireland and Spain it was 2003. In Greece it was 2001. In Portugal and Cyprus 2000, in Italy 1997. That’s how far back you have to go to find a year when living standards peaked for these countries. Note that the worst performance has not been in a country bailed out since…
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The eurozone needs an alternative solution to its economic woes
The Ifo Business Climate Index for industry and trade in Germany fell in August to 106.3 points from 108.0 in the previous month. The firms were again less satisfied with their current business situation. Also with regard to the further course of business, they are more sceptical than in the…
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German Ifo Business Climate Index in Further Decline
France has been thrown into fresh crisis today after President Francois Hollande asked his prime minister to form a new government. The president ordered Prime Minister Manuel Valls to form a new cabinet “consistent with the direction he has set for the country,” the presidency said in a statemen…
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French government collapses after row over economic policy
German business confidence declined for a fourth month, reflecting a faltering euro-area economy that European Central Bank President Mario Draghi says might need more stimulus. The Ifo institute’s business climate index, based on a survey of 7,000 executives, fell to 106.3 in August from 108 in…
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German Business Confidence Drops for Fourth Month as Risks Build
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French Prime Minister Valls announces the resignation of the government
The recent weakness in the largest economy in western Europe will dominate economic news in Europe today with the release of new business sentiment data from the Ifo Institute. The numbers will be closely watched for any signs that the European Central Bank will be forced to roll out yet another…
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3 Numbers: Weak Ifo hits Germany, US activity index, US new home sales
A global watchdog has sounded the alarm about the growing danger of cyber attacks, on financial markets, warning that firms and regulators around the world need to address the “uneven” response to the threat of online assaults. Greg Medcraft, chairman of the board of the International Organisa…
New Zealand’s booming economy is at risk of a hard landing once temporary factors ramping up growth wear off, economists say. Our economy is the envy of the world with an annual GDP growth rate of 3.3 per cent and unemployment of 5.6 per cent, both near the top in the OECD. But the current rat…
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NZ economy could hit the rocks – economists
Once again, a growing chorus of private economists and investors are doubting the adequacy of Bank of Japan policy to end Japan’s long slump, and calling for still more stimulus. And once again, BOJ Gov. Haruhiko Kuroda seems to be moving to douse such expectations, insisting that, despite a rec…
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Kuroda Douses Japan Stimulus Expectations
The time has come for France to resist Germany’s “obsession” with austerity and promote alternative policies across the euro zone that support household consumption, firebrand French Economy Minister Arnaud Montebourg said on Sunday. Deficit-reduction measures carried out since the 2008 financial…
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French economy minister urges alternative to German austerity
Investors are exiting the gold market on speculation that signs of sustained U.S. economic growth will push the Federal Reserve closer to raising interest rates, cutting demand for bullion as an inflation hedge. Hedge funds reduced their bullish gold bets for the third time in four weeks, and ope…
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Speculators Lower Gold Bull Wagers on U.S. Rate Outlook
Speculators are the least bullish on U.S. crude oil prices in 16 months as refinery maintenance weakens demand at a time when Libya and Iraq are swelling global supplies. Futures dropped a fifth consecutive week after money managers reduced net-long positions in West Texas Intermediate, the U.S. …
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Hedge Fund Crude Bets Tumble Amid Surging Global Supply
With inflation likely to fall further and wages weak, the vote for higher rates by Martin Weale and Ian McCafferty looks doomed. There was a time when central bankers could show up at the annual shindig in the Rockies organised by the Federal Reserve Bank of Kansas and think they had it cracked. …
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Bank of England’s dissenters face tough task winning an interest rate rise
Mario Draghi just pushed the European Central Bank closer to quantitative easing. With euro-area data this week poised to show the weakest inflation since 2009, the ECB president used the high-profile central banking conference in Jackson Hole, Wyoming, to warn that investor bets on prices have “…
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Draghi Pushes ECB Closer to QE as Deflation Risks Rise
The dollar marched higher against the euro and yen on Monday as investors wagered that interest rates were set on a diverging course in the United States, Europe and Japan, giving a lift to Tokyo stocks in the process. Pledges of policy stimulus from the heads of the European Central Bank and the…
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Dollar steals march on euro, yen on stimulus talk
The Chicago Mercantile Exchange halted electronic futures trading due to technical issues, affecting contracts from U.S. stock-indexes to gold and copper traded on CME Group Inc. (CME)’s Globex platform. CME Group, the world’s largest futures market, suspended the start of trading on all of its G…
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CME Halts Electronic Trading for All Markets Bar Malaysia
The aviation risk level attached to the Bardarbunga volcano in Iceland is lowed from red to orange but experts warn that any major eruption this week could still cause disruption. …
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Iceland volcano: aviation risk lowered despite earthquakes
The USDJPY made some good progress higher last week as the pair trended. The catalyst was the break above the topside trend line, The 50% of the years trading range at 103.08 , the 61.8% of the same range and topside trend line resistance were also broken. The price action on Friday was back and…
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USDJPY extends to new 7 month highs. Above 104.12/103.94 support.
