On Monday 5 October at 11:30 PM, the Reserve Bank of Australia (RBA) will announce its decision regarding interest rates. The Australian interest rate was previously measured at 2%, but in the 25 years between 1990 – 2015 the Australian interest rate averaged 5.04%. In much the same way as the Fed in the U.S., interest…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 +0.64%) are up +0.48% and European stocks are up +2.92%, both at 1-1/2 week highs, after Friday’s weaker-than-expected U.S. Sep non-farm payrolls pushed back expectations of a Fed interest rate increase into Q1 of next year. Basic resource companies and energy producing stocks are higher as crude oil…
Chances for a U.S. interest rate increase have reduced after news that the labour market has not strengthened as expected, and also weighed on the U.S. stock markets. The Nonfarm Payrolls (NFP) data released on Friday by the Department of Labour showed that the world’s strongest economy added 142,000 new jobs during September. While the…
Chances for a U.S. interest rate increase have reduced after news that the labour market has not strengthened as expected, and also weighed on the U.S. stock markets. The Nonfarm Payrolls (NFP) data released on Friday by the Department of Labour showed that the world’s strongest economy added 142,000 new jobs during September. While the…
The US dollar’s recovery gains following the drop in response to the poor jobs data have been pared, except against the yen. There the greenback extended its gains toward JPY120.25, with the help of weak Japanese data, and speculation that the BOJ will revise down inflation forecasts this week, setting the stage for an expansion of…
When “whatever it takes” is not enough… Despite Draghi’s promises and EU leaders’ exuberance,European Investor Confidence tumbled to its lowest since January as the Q€ bounce has now well and truly died. While volatility has picked up over the last month and reassuring tones have been uttered by every central banker in the world, it is…
(Video length 00:02:13) During the session on Monday, the only thing that could move the markets potentially as far as economic announcements are concerned is the ISM Manufacturing PMI announcement. However, we believe that the poor jobs number on Friday will probably overshadow anything like that. With that being the case, we think that there are a…
DoubleLine Capital’s Jeffrey Gundlach says that it’s too early to start buying junk bonds. Although below-investment-grade fixed-income securities have been sliding for more than a year, the negative momentum may not be over yet, he explains. “I’ll think about buying when it stops going down every single day,” he tells Reuters. The trend isn’t looking any better…
The recently slower pace of jobs creation likely takes an interest rate hike off the table when Federal policymakers met in October but a move is still in play for December. In August and September payroll gains averaged only 139,000 but that likely had much to do with a recent surge in worker productivity. Jobs gains…
If you don’t think these definitions apply, please check back in a year. The mainstream is finally waking up to the future of the American Dream: downward mobility for all but the top 10% of households. A recent Atlantic article fleshed out the zeitgeist with survey data that suggests the Great Middle Class/Nouveau Proletariat is also waking up to…
