Category: Markets
Daily US Opening News And Market Re-Cap: May 18
From RanSquawk
Market talk of asset-reallocation from fixed-income and into equities has helped lift sentiment from the open.
Reports that Spanish banks are pressing market regulators to reinstate a short-selling ban on domestic financials has helped …
De La Rue Warming Up The ‘New Drachma’ Printer
Now that the consensus seemingly is one that a Greek exit is inevitable, there was only one missing step: an actual New Drachma currency, not in When Issued, electronic 1s and 0s format, but real, based on cotton and linen. It appears UK banknote print…
Bloomberg Interview GoldCore on Chinese and Global Gold Demand
From GoldCore
Bloomberg Interview GoldCore on Chinese and Global Gold Demand
Gold’s London AM fix this morning was USD 1,588.00, EUR 1,251.08, and GBP 1,005.13 per ounce. Yesterday’s AM fix was USD 1,547.00, EUR 1,217.44and GBP 974.00 per ounc…
Frontrunning: May 18
Inside J.P. Morgan’s Blunder (WSJ) – Where we learn that Jamie Dimon did not inform his regulator, the Fed, where he is a board member of the massive JPM loss even as he was fully aware of the possible unlimited downside
Euro Attempted Recovery Count…
Overnight Sentiment: Face(Book)ing The Selloff
And so the unthinkable has happened: the FaceBook IPO has priced (at $38 as noted yesterday) into the ugliest possible tape imaginable, combining continuing bad news for JPM, ongoing deterioration for European risk markets (nothing new here), the need …
The Market Is Starting To Recognize Reality
As we have long expected, the economy is tracing out a trajectory typical of the weak recoveries that follow balance-sheet induced recessions and credit crises caused by highly excessive debt. This is significantly differ…
Asia Gets Clobbered, And Europe Falls Only Slightly
A rare occurrence. Markets aren’t going down much yet.
After several days of bloodshed, Europe is not falling too much by which we mean, Italy is slipping 0.15% and Spain is down 0.05%, and Germany is down 0.6%. Greece is actua…
Rest-Of-World Equities Rapidly Going Red Year-To-Date
Asia is deteriorating rapidly this evening – extending losses from the US day session. S&P 500 futures just touched 1300 once again and credit markets are bleeding wider. Only the DAX remains positive for the year so far in Europe; today’s price ac…
Geithner Comes Clean: "I Don’t Understand It"
Tim Geithner outdoes himself this evening with three hypocritical, self-defecating-deceiving, and typically ignominious clips courtesy of his interview with Jeffrey Brown of PBS NewsHour. While we knew TurboTax was beyond him, the Treasury debacle-in-c…
