2 September, 2015 by The TZ Newswire Staff Comments Off on BOJ’s Kiuchi says it’s unlikely a financial crisis will come from China
BOJ’s Kiuchi says it’s unlikely a financial crisis will come from China
BOJ board member Takahide Kiuchi via BBG & Reuters
– Global financial markets suddenly became unstable
– China and global economies haven’t suddenly deteriorated
That last comment has knocked nearly 15 pips off of USDJPY
2 September, 2015 by The TZ Newswire Staff Comments Off on August 2015 Ireland Investec services PMI 62.1 vs 63.4 prior
August 2015 Ireland Investec services PMI 62.1 vs 63.4 prior
The August 2015 Ireland Investec services PMI data report 3 September 2015
Ireland gets the services PMI party started
– New orders 64.3 vs 66.2 prior
– Export orders 61.0 vs 58.1 prior
Softer numbers but still at a very strong expansion level
2 September, 2015 by The TZ Newswire Staff Comments Off on Sentiment rebounds as investors eye ECB decision
Sentiment rebounds as investors eye ECB decision
Squawk Box Live in Europe will keep you updated with the latest market moves as volatile Chinese markets remain closed for a public holiday.
2 September, 2015 by The TZ Newswire Staff Comments Off on Asia shares stage patchy recovery but volatility seen staying high
Asia shares stage patchy recovery but volatility seen staying high
Asian shares struggled to recover on Thursday with volatility remaining high, while emerging economy and commodity-linked currencies softened as investors worried about the global repercussions of slower growth in China. Japan’s Nikkei rose for the first time in four days, gaining 0.7 percent. Many Asian bourses also advanced but weakness in Australia and falls in Asian currencies drove MSCI’s dollar-denominated broadest index of Asia-Pacific shares outside Japan down 0.2 percent.
2 September, 2015 by The TZ Newswire Staff Comments Off on Bill Gross: Fed tightening now could create self-inflicted instability
Bill Gross: Fed tightening now could create self-inflicted instability
Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and doing so now could create “self-inflicted” instability. The Fed seems intent on raising the federal funds rate at its policy meeting this month if only to prove that it can begin the journey to normalization, said Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund (JUCAX.O).
2 September, 2015 by The TZ Newswire Staff Comments Off on Tight U.S. labor markets fuel wage gains; China impact looms: Fed
Tight U.S. labor markets fuel wage gains; China impact looms: Fed
U.S. labor markets were tight enough to fuel small wage gains in some professions in recent weeks, though some companies already were feeling a chill from an economic slowdown in China, the Federal Reserve said on Wednesday. Overall, U.S. economic activity continued to expand across most regions and sectors from July to mid-August, the Fed said in its Beige Book report of anecdotal information on business activity collected from contacts nationwide. The combination of a healing labor market and worries about Chinese economic growth underscored the challenge faced by the U.S.
2 September, 2015 by The TZ Newswire Staff Comments Off on Japan August PMI survey shows services expand at fastest pace in almost two years
Japan August PMI survey shows services expand at fastest pace in almost two years
Activity in Japan’s services sector expanded at the fastest pace in almost two years in August, a survey showed on Thursday, as companies turned more optimistic on business conditions in a sign the economy may be bouncing back. The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) rose to a seasonally adjusted 53.7 from 51.2 in July to reach the highest since October 2013. The reading on the services sector could ease concern about the economy after disappointing industrial production and household spending data for July.