Market continues to believe that the Fed will remain on hold, as downside growth risks remain important.
Volatility in interest rate space has increased macro uncertainty….which is likely to exert upward pressure on equity market volatility.
Equities also likely to feel the pain as central banks talk tough and cyclical picture remains weak
Market continues to believe that [...]
Entries Tagged as 'Global Fundamentals'
Key central banks shift tone as inflation expectations rise
June 11th, 2008 · No Comments
Tags: Global Fundamentals
G7 Inflation - Still A Food And Energy Story
June 4th, 2008 · No Comments
In the major economies, the steep rise in headline inflation is still largely a food and energy story. As many rightly point out, this was an important factor behind the 1970s’ inflationary episode as well. That said, the other three ingredients of the ‘great inflation’ period—loose monetary environment, severely unmoored inflation expectations and high labour [...]
Tags: Global Fundamentals
Overnight Market News - 5/8/08
May 8th, 2008 · No Comments
Australia employment surprises on the strong side again. A 25K jump in jobs builds on the 460K jobs created in an uninterrupted sequence of increases since November 2006.
Contrast with weak New Zealand jobs report. Employment fell 1.3% in Q1, the biggest quarterly drop in almost 20 years. Unemployment rate rose from 3.4% to 3.6%, Q4 [...]
Tags: Global Fundamentals