Tag Archive
The Euro Strikes Back – US-FOREX.US
The euro-zone has hit back at the dollar’s recent gains with the out-of-left-field announcement that its economy barely contracted between April and June.On Thursday the 16-member euro zone reported its gross domestic product fell by only 0.1% during the second quarter, a significant improvement from the 2.5% drop it recorded in the first. The… »
Euro Losing Friends – US-FOREX.US
The Euro is losing its friends, said Andrew Wilkinson, a senior market analyst at Interactive Brokers Group, and could fall as low as 1.33 by the end of the summer.The argument for the euro has centered on the Eurozone’s tempered measures in stimulating its economy, at least compared Britain and the United States. Many on… »
Sara Lee Sees Meaty Growth – US-FOREX.US
Commodity costs have been a huge boon to packaged food companies, along with favorable dining trends as consumers prepare more meals at home to conserve cash. Sales of cheap, quick and satisfying meal options are heating up in the current environment, leading Sara Lee to focus on packaged meat product lines like Hillshire Farm and… »
Beige Book Shows Signs Of Hope – US-FOREX.US
The view from the Federal Reserve’s art deco columns has brightened, if only a little, as the week brought a more self-assured attitude from its officials and a less-dour tone from its Beige Book.The week began with news that Fed chairman Ben Bernanke will speak before a general audience in a “town-hall” style discussion over… »
Exxon Chevron Next Up – US-FOREX.US
Steep second-quarter profit declines aren’t over yet for the oil sector as Exxon Mobil reports second-quarter results on Thursday and Chevron releases its second-quarter report on Friday. By now the market is well-versed in the difficult year-over-year comparisons plaguing oil companies so far. During 2008’s second quarter crude oil traded at 125 a barrel, about… »
Deutsche Bank Loves Bonds – US-FOREX.US
Because of fear or prudence Americans are stashing more of their money away, spurring fears that the new habit will drag on economic growth and make it harder to emerge from the recession. Philip Condon, head of municipal bonds at Deutsche Bank’s DWS Investments, looks at the trend differently. “Where’s it all going to go?”… »
Europe Starts Deflating – US-FOREX.US
While inflation in the United States and Britain is slipping, it’s seriously sliding in Europe, to the point where economists can add the “negative” sign to the region’s latest inflation numbers and label the situation as “deflationary.” Eurostat confirmed on Wednesday that consumer prices in the euro zone had moved into deflation territory in June,… »
Deflation Vs. Disinflation – US-FOREX.US
A big slide in the rate of British inflation might have looked worrisome on Tuesday if signs of deflation are what’s spooking you-but there may be little need to fret. U.K. consumer prices fell to 1.8% in June, below the Bank of England’s target rate of 2% for the first time in nearly two years…. »
Bonds Aim For The Middle- US-FOREX.US
With the Federal Reserve keeping interest rates at record lows, inflation is bound to be a problem, says Paul Lefurgey, Madison Investment Advisor’s lead fixed-income manager. But it’s not an immediate one: Bond markets currently project prices to rise 1.5%.Taking a nuanced view leads Lefurgey to walk a middle ground. Madison manages 8 billion for… »
Dour Fed Chatter – US-FOREX.US
Recent talk from Federal Reserve officials goes to show that you really get to know a person once they leave the office.Over the past week a handful of speeches have, in many ways, offered more insight into the thinking of the central bank than last week’s statement following Federal Open Market Committee’s meeting. Earlier this… »