Despite a raft of geopolitical uncertainty, U.S. stocks were moving higher at the end of a volatile week. The Dow Jones industrial average and the S&P 500 were up nearly 1% in afternoon trading. The Nasdaq was up 0.75%. If these gains hold, all three indexes would end the week up. Global tur…
See more here:
What global turmoil? U.S. stocks up 1%
Banks registered in Scotland would likely flee to relocate themselves in the U.K. if the Scottish vote for independence in their referendum on Sept. 18, according to a report from the National Institute of Social and Economic Research. The report discusses what Scotland’s currency and central ban…
See more here:
Banks Will Flee Scotland If It Votes For Independence, Threatening 9% Of GDP
While varying degrees of geopolitical tensions whipsaws investors, a paltry net gain of 200 jobs in Canada in July is pummeling the loonie bulls as their labor market continues to misfire. The street was looking for a healthy reply to June’s disappointing net loss of -10k jobs. They were not even in…
Go here to see the original:
Week in FX America – Loonie under part-time pressure
Just one in 25 Britons have said that they understand the purpose of the Bank of England’s flagship forward guidance policy, more than a year after governor Mark Carney introduced it. Despite the Bank’s efforts to explain the policy, a survey conducted by YouGov and Cebr has revealed that more t…
See the rest here:
Britain baffled by Bank of England’s fuzzy forward guidance on interest rates
Asset managers will agree to pay more for currency “fixing” services when they respond later this month to proposals by global regulators for reforms of foreign exchange benchmarks, industry sources said on Friday. Almost two years after some fund managers raised concern over how banks dealt with…
More here:
Funds ready to pay towards reform of FX-fixing system
It’s a much-discussed element of the jobs market — the precipitous decline in labor-force participation. The percentage of the U.S. population in the workforce has dropped by 3 percentage points since the Great Recession, reversing half of the gains between 1960 and 2000, according to Ravi…
The rest is here:
A third of the labor-participation rate drop is reversible, IMF says
Australia’s central bank Friday lowered its expectations for growth over the next 18 months, reflecting rising uncertainty about the economic outlook as a decade–long mining investment boom ends. The Reserve Bank of Australia expects the resource-rich economy to grow by 2.5% in 2014, down from a …
See the rest here:
Misfiring Australian Economy Brings Rate Cut Closer
TABLE
The rest is here:
U.S. June wholesale inventories rise 0.3 pct
Morgan Stanley is out with a note reiterating its structural bullish USD views reflecting that in a very interesting title for this note, ‘In USD We Trust’. US Economy – From Strength to (More) Strength: “Better-than-expected US data this week following last week’s strong prints reinforce …
Read more from the original source:
‘In USD We Trust’; We Stay Short EUR/USD – Morgan Stanley
Bears, the financial world’s equivalent of severe pessimists, are feasting on scary geopolitical headlines. They think the stock market will continue to go down. The latest AAII sentiment survey shows that the percentage of individual investors who are bearish on stocks has climbed to the highe…
Read more:
Watch out! Bears resurface on Wall Street
The productivity of U.S. workers rose more than projected in the second quarter, rebounding from the biggest drop in more than three decades and helping to restrain labor costs. The measure of employee output per hour increased at a 2.5 percent annualized rate, after a revised 4.5 percent decrea…
See original here:
Productivity Rises More Than Forecast, Limiting U.S. Labor Costs
Nonfarm business sector labor productivity increased at a 2.5 percent annual rate during the second quarter of 2014, the U.S. Bureau of Labor Statistics reported today, as hours increased 2.7 percent and output increased 5.2 percent. (All quarterly percent changes in this release are seasonall…
Excerpt from:
US Productivity and Costs 2nd Quarter 2014, Preliminary
Overall employment was unchanged in July, as gains in part-time work were offset by losses in full time. A decline in the number of people searching for work pushed the unemployment rate down 0.1 percentage points to 7.0%. In the 12 months to July, employment increased by 115,000 or 0.7%, with al…
Here is the original:
Canada Labour Force Survey, July2014
Europe’s government bonds rose, pushing yields to record lows, as U.S. President Barack Obama’s authorization of air strikes in Iraq heightened geopolitical risks and fueled demand for fixed-income securities. German two-year rates slid below zero for a second day as conflict in Iraq coincided w…
Read more here:
European Bond Gains Push Yields to Record Lows on Iraq Conflict
BREAKING
Original post:
Russia seeking to de-escalate Ukraine conflict: RIA
Dozens of computers in the Ukrainian prime minister’s office and at least 10 of Ukraine’s embassies abroad have been infected with a virulent cyber espionage weapon linked to Russia. The cyber attack has also affected embassies in eastern Europe of at least nine countries including Germany, Chin…
Read more:
Russia-linked cyber attack on Ukraine PM’s office
Forex is beginning to buckle, commodities looks like bending, while equities are doing their best not to snap as investors and dealers rebalance their portfolios over global tensions and questionable growth. Only day’s ago, the IMF commented that capital markets have been underpricing geopolitical…
Read more:
De-risking: Will FX Play Equity Catch Up?
German exports and imports rebounded in June, suggesting the West’s standoff with Russia over Ukraine is not seriously hurting Europe’s largest economy but failing to dispel concerns of a contraction in the second quarter. Data from the Federal Statistics Office showed seasonally adjusted import…
Excerpt from:
Trade boost may not save German economy from second quarter contraction
Mario Draghi says Italy can only blame itself for its third recession since 2008. The European Central Bank president singled out his country’s lack of structural reform on the eve of a key vote in the Italian parliament and after data showed the euro-area’s third-biggest economy unexpectedly co…
More here:
Draghi Takes Aim at Italy as Recession Scars Euro Area
