Yesterday, the FTSE 100 was closed in observance of the ‘Late Summer Bank Holiday’. Nothing was missed by the traders in London, as global markets were quiet and trading volumes low. To start off the day, the FTSE is relatively quiet, currently trading near the unchanged line. The UK index (UK100) is in the process…
On Friday, the Dow Jones closed lower as Yellen’s speech at Jackson Hole caused markets to take profit. A lot of the strain on the Dow had to do with the fact that the Fed hinted at a possible rate hike before the end of the year. With this in mind, the risk trade was…
Oil prices enjoyed a bump last week, thanks in part to a weakened dollar and some geopolitical tensions in the Persian Gulf. But a large factor in the recent rally has been the return of a possible OPEC production freeze, a subject that was last tossed around before the organization’s much-publicized, and ultimately unproductive, meeting in Doha…
Flickr I’m not here to drag investors into a spiral of negativity when pertaining to Facebook, Inc. (NASDAQ:FB), but there’s an increasing probability that Facebook’s messenger service will face competition from Apple in the coming months. Since Apple, Inc.’s (NASDAQ:AAPL) messaging service is due for a major upgrade in the next iOS update, the features overlap with the…
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through August 18. The headline number of 101.1 was a solid increase from the final reading of 96.7 for July, a downward revision from 97.3. Today’s number was substantially above the Investing.com consensus of 97.0. This is the highest reading of the past 11…
Greetings, Once again we begin with the United States where consumer spending remains solid, with the July figures beating forecasts. Further reading Personal income also continues to grow. In response to the above data, economists are revising the Q3 GDP forecast higher again. Here is the consensus projection. The latest nowcast model from the Atlanta Fed…
Market Summary Japan unemployment rate falls to a 21 year low Japan Household spending continues to decline Japan retail sales fall 0.20% UK mortgage approvals fell in July Germany headline inflation flat on month over month basis German HICP lower at 0.30% in August Today’s Economic events Japan household spending y/y -0.50% vs. -1.30% Japan…
Why the tough talk out of one side of her mouth and ‘other policy tools’ language out of the other (ref. Yellen Lays Out Tools… )? Oh, I don’t know. Maybe it has something to do with this… The stock market has merrily followed money supply aggregates upward since 2009. When money supply decelerates the…
Why the tough talk out of one side of her mouth and ‘other policy tools’ language out of the other (ref. Yellen Lays Out Tools… )? Oh, I don’t know. Maybe it has something to do with this… The stock market has merrily followed money supply aggregates upward since 2009. When money supply decelerates the…
Dear Fed, We have come to a point in time where you are causing more harm than good. For decades, your role as not only the central bank to the US, but to the entire financial world helped ensure confidence in a fiat economy. Central control of a nation’s monetary system is undoubtedly an incredibly…
