Category Archive: Finance
Treasury Yields Dive To 2017 Lows – Tuesday, August 29
Listen, yields didn’t need another excuse to fall, ok? The flagging dollar was already doing its part by, well, by flagging, and jitters about the debt ceiling combined with lackluster incoming data had already conspired to pretty much extinguish whatever was left of the reflationary euphoria that accompanied Donald Trump’s huge, record-setting, unfathomable, big league, […]
Mr. Draghi, Please Ease Up A Bit
Today we have published the August edition of Global Monetary Condition Monitor our monthly flagship publication, which covers monetary policy in 26 countries around the world and gives an overview of global monetary matters and market implications of global monetary trends. In this edition of the Monitor we focus on the monetary impact of the recent fairly […]
Gold Surges 2.6% After Jackson Hole And N. Korean Missile
– Gold surges as N. Korea fires ballistic missile over Japan – Safe haven buying sees gold break out to 10-month high after Jackson Hole and rising North Korea risk of attack on Guam – South Korea’s air force dropped eight MK 84 bombs near Seoul; simulating the destruction of North Korea’s leadership – Gold rises from […]
Risk Markets Rocked As North Korea Fires Missile Over Japan
Geopolitical Tensions Rise Global risk appetite was shaken over the European morning in response to reports that North Korea fired a missile which passed over Japan. This marks the latest in a series of missile launches and marks an escalation in tension. NHK, a Japanese broadcaster, reported a government warning that a missile was headed […]
Will Hurricane Harvey Pinch Upbeat US GDP Forecasts For Q3?
Hurricane Harvey has dealt a devastating blow to the Houston region, which was recently on track to account for 2.4% of the nation’s economy this year. The blowback for the US overall, however, is expected to be mild, more or less leaving the latest estimates for a pickup in economic activity for the third quarter intact, at […]
E Hurricane Harvey Hits Texas Insurers
Harvey is the worst storm to hit the U.S. coastline in over a decade, causing insurance stocks to sell off and creating better buying opportunities. Damage will be extensive due to wind and even more so due to flooding, with over 50 inches of rain expected in some locations. Oil facilities are clearly vulnerable and […]
Morning Call For Tuesday, August 29
OVERNIGHT MARKETS AND NEWS Sep E-mini S&Ps (ESU17 -0.55%) this morning are down -0.62% at a 1-week low and European stocks are down -1.32% at a 5-3/4 month low as global stocks plunge after North Korea fired a ballistic missile over Japan. The VIX volatility index jumped to a 1-week high and Dec COMEX gold (GCZ17 +0.90%) soared +0.81% to a […]
Pfizer Presents Encouraging Eliquis Results In NVAF Patients
Pfizer Inc (PFE – Free Report) and partner Bristol-Myers Squibb Company (BMY – Free Report) presented findings from a phase IV study on Eliquis, which demonstrated the oral anticoagulation’s potential in achieving and maintaining normal heart rhythm (cardioversion). The study, EMANATE, compared Eliquis with standard-of-care, Heparin, for reducing the occurrence of acute stroke, systemic embolism, major bleeding, clinically relevant non-major […]
Germany & France Send Concerning Message To The States
Could weakness in Europe send a concerning message to stock bulls in the states? Yes they could! Before getting started let me make this clear, stock markets in Germany, France and London remain in long-term up trends. Below looks price patterns that Germany and France are creating since the lows in 2011- Did a major fake […]
‘I’m Worried About Donald Trump’- Global Markets, Analysts React To North Korea
While there’s no way to know, ahead of time, if “this time is different” in terms of whether risk assets will ultimately remain resilient in the face of another serious provocation by the child-king in Pyongyang, it’s safe to say that the commentary feels a bit more alarmist than usual. And that makes sense, because after […]
