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| | | ... until it didn't. Will this time be different? The VIX index says yes it will. It dropped by 10.6% to a reading of 16.85 overnight. Wall Street says yes it will. The S&P 500 index rallied 1.6% overnight and yield on 10-year US Treasuries increased only ... |
| | | | ... October tete-a-tete. But what was surprising was Wall Street's reaction - the Dow and the S&P 500 index both climbed 1.2% overnight - to headlines upon headlines alluding to a December lift-off. Wall Street's positive reaction is confounding because ... |
| | | | Ho ho ho and ha ha ha. The truth is out. Wall Street dipped overnight and so did the Euro Stoxx 50 - after their strong gains of the past week because, wait for it......because investors suddenly realised that the ECB and the PBOC's early Christmas ... |
| | | | ... the Fed would, if the Fed could. But expanding on his colleague's thoughts, NY Fed president William Dudley commented overnight that, "The recent economic news suggests the economy is slowing and we have these developments in China and emerging market ... |
| | | | ... trouble in big China and it'll come falling down our heads. Just have a look at the fear index - the VIX jumped to 17.67 overnight from 16.17 the day before. Markets are so scared they've forgotten the index's reading of 27.63 just over a forthnight ... |
| | | | ... a lift-off in October at 7% and December at 36% (yup, not even a coin flip). The US dollar's fall to three-week low overnight -- down 5.4% from its March peak - supports this. But with the financial markets getting some sort of stability over the past ... |
| | | | ... and financial market landscape and saw that it wasn't good. Yes folks, financial markets were doing backflips again overnight on concerns over dropping commodity prices on concerns over slowing China. Those concerns grew after Beijing's National Bureau ... |
| | | | ... "Inflation Dynamics and Monetary Policy" at the At the Philip Gamble Memorial Lecture, University of Massachusetts, overnight. Then again, Wall Street didn't miss much for aside from a refresher course on well, inflation dynamics and monetary policy ... |
| | | | Shots fired! Shots fired! Yes Virginia, Super Mario returned overnight and shot down the euro, putting smiles on the faces of holders of Eurozone stocks - Stoxx 600 up 2.4% -- and bonds - 10-year yields fell across the region. The euro dropped to as ... |
| | | | ... And thus, here we are willing the RBA to cut interest rates again - evidenced by the drop in the A$ to below US$0.70 overnight. The A$ has rebounded since and is currently flashing US$0.7043 on my Bloomberg screen. Is this a realisation that the currency ... |
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