From the monthly archives:
Key News
* Britain facing biggest deficit in Western world, warns OECD (Telegraph)
*Roth Signals New Swiss ‘Aggressiveness’ in Franc Intervention (Bloomberg)
*BOE King: Pound Weakness To Help Mitigate Poor Global Outlook (Bloomberg)
*Ship orders set to add to capacity glut (FT)
The Event Agenda
The Morning Run-Down
The 2-day Fed meeting resulted in a fairly lackluster event with one exception. The [...]
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Key News
* Bank of England Voted 9-0 to Continue Money-Printing Program (Bloomberg)
*UK Unemployment Rises Less Than Economists Forecast (Bloomberg)
*U.S. Consumer Prices Rose Less Than Forecast in May (Bloomberg)
The Event Agenda
The Morning Run-Down
After some whipsaw action in currencies yesterday, the currency markets, stocks, commodities and interest rates are back on path, showing more confirmation this morning [...]
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Key News
*Big increases in Fed bond purchases unlikely (Reuters)
* Bank Rescue Costs EU States $5.3 Trillion, More Than German GDP (Bloomberg)
*Treasuries Gain After Japan Says It’s Confident About U.S. Debt (Bloomberg)
*Setback for eurozone recovery hopes (FT.com)
The Event Agenda
The Morning Run-Down
There has been a lot of noise driving currencies back and forth over the past four [...]
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Key News
*Stress-Tested banks raise $75 billion in capital (Washington Post)
* UK Housing Market Shows Signs of ‘Stabilizing,’ RICS Says (Bloomberg)
*Euro-Zone Banks Need Recovery Plan, IMF Says (WSJ)
*Blanchflower Says BOE May Expand U.K. Money-Printing (Bloomberg)
The Event Agenda
The Morning Run-Down
After four days of strength, the dollar is giving back a little ground this morning. There are a [...]
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Key News
*Australia Shares End Up 1.6% On Strong GDP Data (WSJ)
* European Spending, Exports Decline Most in 14 Years (Bloomberg)
*Euro zone Q1 GDP shrinks on inventories, investment (Reuters)
The Event Agenda
The Morning Run-Down
This morning the dollar is stronger, stocks lower, Treasuries higher and commodities slightly lower. The dollar is getting relief on weaker than expected data [...]
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