Business conditions have soared to a four-year high in July on the back of a surge in construction activity, while business confidence has also strengthened, according to the National Australia Bank monthly business survey. The survey found conditions jumped to eight points in the month, compare…
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Australian business conditions hit four-year high: NAB
Robin Williams, the comic and actor known for his fast delivery and improvisational humor, has died at age 63 of an apparent suicide. Williams was pronounced dead today at his home in Tiburon, California, according to a statement from the Marin County Sheriff’s Office, which listed the cause of d…
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Actor Robin Williams Found Dead in Suspected Suicide
Asian shares edged higher on Tuesday tracking rallies in the United States and Europe as investors seemed to put aside geopolitical concerns, at least for the moment. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.3 percent after jumping 1.5 percent on Monday. Ja…
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Asia shares extend bounce, oil pinned near lows
The stock market has been under pressure for the first time in months. The Eurozone is faltering. China’s credit issues never really went away. American airplanes are once more pounding bombs into the Iraqi desert. Russia and Ukraine. Gaza. There’s a lot to worry about. Amid the geopolitical un…
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World May Be in Flames, but U.S. Economy Finally Catching Fire
The Australian dollar is trading in a very small trading range right on top of the support level at 0.9260 after dropping so sharply in to finish out last week from above 0.9350 down to a two week low at 0.9240. In the middle of last week the Australian dollar surged higher to a one week high near 0…
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AUD/USD – Steadies Below Key 0.93 Level
Right so we can all relax – stocks rallied and all is good in the world again. Woo Hoo, slam dunk – it’s all good. Not so fast – even though stocks ripped higher in Asia and Europe and the positive feedback loop feed back into a positive mood on Wall Street the lack of follow through on either bon…
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Stocks bounce but currency and bond markets quiet – what gives?
UK retail sales were down 0.3% on a like-for-like basis from July 2013, when they had increased 2.2% on the preceding year. On a total basis, sales were up 1.3%, against a 3.9% rise in July 2013. The three-month average total sales growth, 1.3%, is below the twelve-month average of 2.3%. Furnitu…
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BRC-KPMG Retail Sales Monitor: Home Categories bounce back in July
Sluggish Asian demand and a shift in Japanese production overseas will continue to weigh on exports, the Bank of Japan said, underscoring its waning conviction that overseas shipments will soon pick up and support a fragile economic recovery. The central bank also warned that while factory output…
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BOJ warns of sluggish export recovery
Many critics argue that the sanctions imposed on Russia for its actions in Ukraine are ineffective, because they are too limited in scale and scope. Moreover, sanctions are seen as allowing President Vladimir Putin to blame the West for Russia’s internal problems. Indeed, some of Putin’s supporters…
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Putin’s Dilemma
GAIN Capital Holdings, Inc. (“GAIN”) (NYSE: GCAP), a leading global provider of online trading services, announced financial results for the second quarter ended June 30, 2014. Second Quarter Results (Comparisons below are referenced to the second quarter of 2013) Net revenue of $69.7 million…
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GAIN Capital Reports Second Quarter and First Half 2014 Results
It was the most popular counterfeit $100 bill in circulation, and for more than a decade its makers were a mystery to the U.S. Secret Service. Agents collected and analyzed the fake greenbacks, which first popped up in Israel in the late 1990s. They were so good that they were often discovered on…
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Fake $100 Bills Eluded Detection With Rare Quality
The Italian economy is reported to have slipped back into recession in the first part of 2014. This characterisation is based on a criterion for a recession standard in Europe – two successive quarters of negative growth. However, there are other criteria to define a recession. US standards would…
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Italian growth: New recession or six-year decline?
After reaching its highest level since September 2013, has the dollar turned a corner, and can we expect further upside? Below we point out three things that could get in the way of further gains for the buck: Firstly, the yield effect. 2-year yields started to follow 10-year yields lower last…
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Three things that dollar bulls need to watch out for
The latest mortgage lending data has added to the Bank of England’s dilemma over interest rates after a sharp rise in borrowing showed the property market had regained its previous momentum. The number of mortgages increased in June by 4% on the previous month, suggesting that tighter borrowing c…
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UK Interest rate rise becomes more likely as property market takes off again
Bitcoin is in the cross hairs of another federal agency. On Monday, the Consumer Financial Protection Bureau issued its first consumer advisory on virtual currencies, including Bitcoin, and said it would begin accepting complaints about such issues or companies. The agency warns consumers to be a…
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Consumer Protection Bureau Warns on Bitcoins
Workers working part time for economic reasons (PTER)1 have been examined as a measure of labor underutilization. One of the recent concerns is that while the number of unemployed individuals and marginally attached individuals2 has been decreasing since 2009, the number of individuals who are…
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Part-Time Worker Levels Remain a Concern
The euro slid against the dollar on Monday, giving up Friday’s gains, hampered by looming monetary easing from the European Central Bank and worries about the impact of the Russia-Ukraine conflict on Germany, the euro zone’s largest economy. Europe’s common currency had climbed above $1.34 on Fri…
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Euro retreats as outlook stays dim on ECB, Russia worries
Anyone who follows the stock market today knows we are doomed. Sure, the S&P 500 is up 180% from the March 2009 lows. And, yes, unemployment is the lowest since late 2008. But those statistics matter only if you’re looking at the facts and worried about being “objective.” I mean, who’s interes…
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Here’s my obligatory column that says stocks will crash
A jobless rate in Australia that surpasses the U.S. level may not seem like a problem for Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi. But it may be a sign of the overconfidence that affects central bankers everywhere. Folks in “The Lucky Country” have long…
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Australia’s Jobless Rate Should Worry Fed
Worries that the Federal Reserve’s attempt to unwind extraordinary monetary support for the U.S. economy will go awry — because the central bank is in uncharted territory — are excessively alarmist, Standard & Poor’s chief global economist Paul Sheard says in a new report. The Fed has kept offici…
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Fed Exit Fears Overstated, S&P Economist Says
