28 August, 2015 by The TZ Newswire Staff Comments Off on Fed’s Mester: Volatility has raised downside risks to forecast but not enough to change basic view
Fed’s Mester: Volatility has raised downside risks to forecast but not enough to change basic view
Fed’s Mester spoke at the start of European trading:
with the WSJ
– “There is probably more downside risk to my forecast now given the volatility, but my baseline forecast probably hasn’t moved enough to change my view on policy.”
Mester is a hawk and a non-voter. The comments aren’t a surprise.
28 August, 2015 by The TZ Newswire Staff Comments Off on Treasury Yields Are Tumbling
Treasury Yields Are Tumbling
After 3 days of carnage and a day of stability, it appears the death of the bond bull market has once again been greatly exagerated. Whether it is China’s absence after a strengthenig in the Yuan overnight or month-end rebalancing amid equity vol, Treasury yields are notably lower this morning…
28 August, 2015 by The TZ Newswire Staff Comments Off on Wall Street seen lower after rock-and-roll week
Wall Street seen lower after rock-and-roll week
U.S. stock index futures fell early on Friday, as the rocky ride in global markets continued.
28 August, 2015 by The TZ Newswire Staff Comments Off on Need to Know: Never mind the market hiccup, here’s the case for QE4 and Dow 25,000
Need to Know: Never mind the market hiccup, here’s the case for QE4 and Dow 25,000
This isn’t your typical lazy summer Friday. Good luck to traders with the huevos to hold long positions over the weekend.
28 August, 2015 by The TZ Newswire Staff Comments Off on Oil steadies after strong gains as equities rally
Oil steadies after strong gains as equities rally
Oil saw its biggest one-day bounce since 2009 on Thursday, with North Sea Brent and U.S. light crude rising more than 10 percent. Global oil markets have fallen by a third since May and are still well under half their value a year ago thanks to a huge oversupply of fuel and sluggish demand. A stock market rise, strong U.S. growth data and a pipeline outage in Nigeria provided an excuse for a recovery on Thursday, they added.
28 August, 2015 by The TZ Newswire Staff Comments Off on Investors pull record $29.5 bln from equity funds in China-driven rout: BAML
Investors pull record $29.5 bln from equity funds in China-driven rout: BAML
Investors pulled a record amount of money out of global equity funds in the week to Aug. 26, according to Bank of America Merrill Lynch, a measure of the alarm that China’s markets and economy have aroused around the world. The $29.5 billion outflow, including $19 billion in just one day, was the largest since the series began in 2002, surpassing any weekly outflow engendered by the collapse of Lehman Brothers in 2008. The $19 billion outflow on Aug.
28 August, 2015 by The TZ Newswire Staff Comments Off on Uber China closes $1 billion fundraising round: sources
Uber China closes $1 billion fundraising round: sources
BEIJING/SHANGHAI (Reuters) – Uber Technologies Inc’s China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber’s Chinese unit include Internet giant Baidu Inc, China CITIC Bank Corp Ltd and China Life Insurance Co Ltd, among others, said one of the people, requesting anonymity because they were not authorized to discuss the matter publicly.