Tag Archive: Jim Reid

Dollar Surge Continues Ahead Of Jobs Report; Europe Dips As Catalan Fears Return

2017-10-07

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2017-10-07

CBOE VIX Gauge, 1990 - 2019
World stocks eased back from record highs and fell for the first time in eight days, as jitters about Catalonia’s independence push returned while bets on higher U.S. interest rates sent the dollar to its highest since mid August; S&P 500 futures were modestly in the red - as they have been every day this week before levitating to record highs - ahead of hurricane-distorted nonfarm payrolls data (full preview here). U.S. jobs report will also be...

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Risk Off: Global Stocks Slide As “Fire And Fury” Results In “Selling And Fear”

2017-08-10

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2017-08-10

Volatility Pops, August 08 2017
US futures are set for a sharply lower open (at least in recent market terms) following a steep decline in European stocks and a selloff in Asian shares, following yesterday's sharp escalation in the war of words between the U.S. and North Korea. In a broad risk-off move U.S. Treasuries rose, the VIX surged above 12 overnight, while German bund futures climbed to the highest level in six weeks. The Swiss franc gained 1.2 percent to 1.1320 per euro...

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Global Stocks Rise On “Growth Optimism”, Ignore Political Turmoil; Dollar, Oil Creep Higher

2017-07-31

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2017-07-31

Stoxx Europe, Aug 2016 - 2017
S&P futures rose 0.1% on the last trading day of the month, trailing European and Asian markets boosted by China’s July Mfg. PMI, which despite declining from from 51.7 to 51.4, and missing expecations  of 51.5, saw the construction index rise to its highest level since December 13, sending Chinese iron ore futures surging and … Continue reading »

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Key Events In The Coming Busy Week: Fed, BOJ, BOE, SNB, US Inflation And Retail Sales

2017-06-13

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2017-06-13

Known Unknowns
After a tumultous week in the world of politics, with non-stop Trump drama in the US, a disastrous for Theresa May general election in the UK, and pro-establishment results in France and Italy, this is shaping up as another busy week ahead with multiple CB meetings, a full data calendar and even another important Eurogroup meeting for Greece.

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These Are The Most Expensive (And Best) Cities Around The World

2017-05-06

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2017-05-06

Cheap Date Index
Every year Deutsche Bank releases its fascinating index of real-time prices around the world which looks at the cost of goods and services from a purchase-price parity basis, to determine the most expensive - and in this year's edition, best - cities. As have done on several occasions in the past, we traditionally focus on one specific subindex: the cost of & cheap dates in the world's top cities.

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There Is Now A Staggering $11.7 Trillion In Negative Yielding Debt

2016-06-29

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2016-06-29

It was not even a month ago when we last looked at the total amount of negative yielding debt around the globe, and were shocked to find that according to Fitch, for the first time in history (obviously), there was over $10 trillion in negative yielding debt. Fast forward 4 weeks later, and the grand total is now $1.3 trillion higher, or $11.7 trillion.

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Futures Ignore Apple Plunge; Oil Rises Above $45 As Yellen Looms

2016-04-27

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2016-04-27

For those who thought that the world's biggest company losing over $40 billion in market cap in an instant on disappointing Apple earnings, would have been sufficient to put a dent in US equity futures, we have some disappointing news: with just over...

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Futures Jump On Chinese Trade Data; Oil Declines; Global Stocks Turn Green For 2016

2016-04-13

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2016-04-13

With oil losing some of its euphoric oomph overnight, following the API report of a surge in US oil inventories, and a subsequent report that Iran's oil minister would skip the Doha OPEC meeting altogether, the global stock rally needed another catal...

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Another Fed “Policy Error”? Dollar And Yields Tumble, Stocks Slide, Gold Jumps

2016-03-17

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2016-03-17

Yesterday when summarizing the Fed's action we said that in its latest dovish announcement which has sent the USD to a five month low, the Fed clearly sided with China which desperately wants a weaker dollar to which it is pegged (reflected promptly ...

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Global Stocks Soar On Stimulus Hopes After Miserable Chinese, Japanese Data; Short Squeeze

2016-02-15

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2016-02-15

Bad news is once again good news... for stocks that is.  After a month and a half of markets unable to decide if they should buy or sell on ugly data, over the weekend, People’s Bank of China Governor Zhou Xiaochuan expressed faith in the economy, ...

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Global Risk Off: China Reenters Bear Market, Oil Tumbles Under $30; Global Stocks, US Futures Gutted

2016-01-15

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2016-01-15

   "We're gonna need a bigger Bullard"     - overheard on a trading desk this morning. Yesterday, when looking at the market's "Bullard 2.0" moment, which was a carbon copy of the market's kneejerk surge higher response to Bullard's "QE4" comments fr...

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