Category: Markets
Bundesbank Confirms German Gold Held By FED, BOE and Banque De France
From GoldCore
Bundesbank Confirms German Gold Held By FED, BOE and Banque De France
Gold’s London AM fix this morning was USD 1,559.00, EUR 1,213.61 and GBP 969.95 per ounce.
Yesterday’s AM fix was USD 1,563.00, EUR 1,213.79 and GBP 972.62 per ounce….
Daily US Opening News And Market Re-Cap: May 15
From RanSquawk
German GDP SA (Q1 A) Q/Q 0.5% vs. Exp. 0.1% (Prev. -0.2%)
Eurozone GDP (Q1 A) Q/Q 0.0% vs. Exp. -0.2% (Prev. -0.3%)
Greece are to pay the EUR 435mln bond redemption today, according to government sources; no official confirmation.
Mark…
Previewing Today’s Busy Economic Agenda
Lots of stuff happening today.
Here is a full rundown from GS:
8:30: Consumer Price Index (April): Firm core. CPI inflation likely decelerated in April on a decline in energy prices. We forecast an increase of just +0.05% (month-over-month) for the al…
Frontrunning: May 15
JPMorgan Said to Weigh Bonus Clawbacks After Loss (Bloomberg)
Obama Says JPMorgan Loss Shows Need for Tighter Rules (Bloomberg)
Greeks Try New Tack, Seeking Technocrat Slate (WSJ)
Euro zone finance ministers dismiss Greek exit “propaganda” (Reuters)
R…
How To Make A 135% Annualized Return In 4 Months
Back on January 22, (Subordination 101), we advised readers that the one virtually sure way to make a killing in the bond market is to i) buy up a fulcrum Greek piece of debt, i.e., international/UK-law bond with strong covenant protection ahead of the…
Overnight Sentiment: "No Horrible News Out Of Europe Is Great News"
As already noted, one piece of good news out of Europe – German GDP (ignore the huge ZEW miss) – was enough to make everyone forget the Italian bank downgrade, and that Greece is one election away from unwinding the EMU. Yet perhaps it is good to have …
German GDP Beat Saves The Day
There was little good news out of Europe overnight, when several key countries (Germany, France, Greece and Portugal) reported their Q1 GDP, but what good news did come, namely that Germany avoided a double dip, with Q1 GDP printing at 0.5% on expectat…
UPDATE: The Early Rally Has Vanished, And Europe Is Sinking Into The Red
UPDATE, SEE ORIGINAL POST BELOW:
After early gains, Europe has sunk into the red.
At one point, the big indices were up to the tune of 1%.
But some mediocre GDP data and the fact that, well, it’s Europe, is taking the whole thing d…
A brave new economy – California budget implications for real estate – 4 key metrics highlighting a very weak California economy
Over the weekend it was announced that California’s large $9 billion budget deficit was no longer $9 billion but $16 billion. Whoops. Last week J.P. Morgan Chase, a darling of the Federal Reserve, reported a $2 billion trading loss on “…
