Posts Tagged ‘concerns’
At first glance, the latest manufacturing growth figures for the Eurozone paints a positive picture but strip away a couple of the layers, and there is reason for concern. First, the good news – manufacturing growth as measured by the Markit Eurozone Manufacturing Purchasing Managers’ Index (PMI) rose to 58 from 57.5 in March. Any [...]
By Greg Holden – The pressure being placed on Ireland to accept a bailout of its financial institutions has been weighing on risk appetite throughout the region. Traders appear weary of taking on too much risk, which has pulled funds away from the higher yielding assets. One result has been a [...]
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Quote of the day: When in doubt, don’t. – Benjamin Franklin
EURUSD
Trading strategy: standing aside
The euro remains under pressure on concern Ireland needs a bailout, after Friday’s failed attempt to break above former support at 1.3750. Near term sentiment is bearish [...]
By Mark Gongloff And Jonathan Cheng
For financial markets, the thrill of fresh Federal Reserve action is apparently gone—for now, anyway.
Stock prices swung wildly Wednesday before the Dow Jones Industrial Average closed down 43.18 points, or 0.4%, to 11126.28. Treasury prices fell, and the dollar rallied, as investors reversed bets they had placed in anticipation [...]
Once again, Euro zone debt concerns have rattled the markets as Moody’s rating service has downgraded its rating on Anglo Irish Bank and speculation is that Spain or Portugal may be next. So yields on Irish debt have risen, which in turn have made the bonds more attractive to European Central Banks who snapped up [...]
After the long weekend here in the US, the markets have started out decidedly in risk aversion mode. On a day that is light of economic data, concerns over European debt have picked up as bond spreads have widened on both Irish and Greek debt. Questions over capital ratios for the some of the European [...]
By Jonathan Cheng
Unsettling data and central-bank messages from the U.S., Asia and Europe pushed global growth fears to the fore on Wednesday, prompting investors around the world to dive into safer assets.
Blue-chip stocks posted their worst daily decline in more than a month, pushing the Dow Jones Industrial Average into negative territory for [...]
Irish central bank governor Honohan says “It is a good idea, laying out the facts for the major banks. I think it will go some way to removing exaggerated concerns about some particular risks.”
Best the authorities get their collective bottoms in gear then.
Key News
The European Central Bank said it will lend banks 131.9 billion euros ($161.5 billion) for three months, less than economists forecast and a sign that the region’s financial industry may be stronger than investors estimated. (Bloomberg)
Chancellor Angela Merkel faces the biggest test of her second term today in a secret ballot to elect Germany’s [...]
Fed governor Warsh says that unsustainable projected sovereign debt loads around the world are raising concerns in debt markets.
Market conditions are quite supportive of economic growth in the US but the underlying strength of the economy over the medium-term is less clear. Significant economic challenges persist, he says.
