Russian CBank cuts rates by 25bp to +7.75%
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Bond Market Troubles Could Signal Bursting of China Property Bubble
A widening of spreads on dollar bonds issued by developers could signal the imminent bursting of Chi...
Hurricane Fears Push Oil Prices Higher
Oil prices continued the gains made last week, reaching $74.51 cents a barrel in electronic trading ...
China Warns Euro Debt Crisis Could Trigger Second Recession
Suggesting that the European debt crisis could trigger a second “double-dip” recession, ...
Can IPPI m/m +0.3% vs. +0.4%
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Can RMPI m/m +1.7% vs. +0.8%
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CAN GDP m/m +0.6% vs. +0.5%
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EURO going nowhere fast
With the US and UK holiday weekend, illiquid trading and month end-rebalancing has dominated this ja...
Fitch downgrades Spain to AA+ from AAA
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Chicago PMI 59.2 vs. 62.1
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US Consumer Spending Down as Savings Increase
The US Commerce Department released the latest consumer spending results this morning which showed t...
Oil Prices Move Higher
Yesterday’s vote of confidence in the euro by China which triggered a return of optimism in th...
US personal Income m/m +0.4% vs. +0.5%
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US personal income m/m +0.0% vs. +0.6%
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Canadian Current a/c -7.8b vs. -8.5b
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EURO month end requirements are early
What else do you expect China to say? Nah, we don’t like Europe letâ€â„...
China’s Vote of Confidence in the EU Boosts Global Markets
For those requiring further proof that the balance of power within the global economy has shifted to...
US Jobless Claimants Fall to 460,000
The US Labor Department reported that the number of new jobless claimants fell last week to 460,000....
Rising Auto Sales Helps Lift Japanese Exports by 40%
The total value of Japan’s exports for the month of April climbed just over 40 percent to 5.9 ...
Spain to Implement 15 Billion Euro in Spending Cuts
Spain’s government passed by a margin of a single vote, a plan that would shave 15 billion eur...