7 October, 2015 by The TZ Newswire Staff Comments Off on Morgan Stanley: Increasing chatter about the need for additional US stimulus
Morgan Stanley: Increasing chatter about the need for additional US stimulus
A piece in Bloomberg relates that Morgan Stanley says its clients began discussing the possibility the Fed resume bond purchases — or cut interest rates to below zero — after the NFP last week.
7 October, 2015 by The TZ Newswire Staff Comments Off on Do China markets need a billionaire cheerleader?
Do China markets need a billionaire cheerleader?
Wall Street’s high-profile investors have a long history of moving markets. Now, strategists are wondering if the same could ring true for China.
7 October, 2015 by The TZ Newswire Staff Comments Off on Time To End Monetary Central Planning
Time To End Monetary Central Planning
Submitted by Richard Ebeling via EpicTimes.com,
There is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the other members of the Fed’s Board of Governors have no idea what to do. Do they raise certain interest rates over which they have some direct influence? Do they keep them at their current rock bottom levels, as they have for the last six years?
7 October, 2015 by The TZ Newswire Staff Comments Off on China stock market opening indications-Shanghai Composite to open up 3.4%
China stock market opening indications-Shanghai Composite to open up 3.4%
Chinese stockmarkets set to open at 0130GMT after the long break for Golden Week holidays
– Shanghai Composite to open up 3.4%
– CSI300 index to open up 3.8%
7 October, 2015 by The TZ Newswire Staff Comments Off on China Opens Weaker Than Expected After Goldman Downgrade And "Mirage Of A New Dawn" Warnings
China Opens Weaker Than Expected After Goldman Downgrade And "Mirage Of A New Dawn" Warnings
After a “no change” statement from The BoJ, today’s dismal Japanese data was terrible enough to be great news in the new normal as August machine orders drop the most in at least a decade and stocks, USDJPY dipped and ripped.
7 October, 2015 by The TZ Newswire Staff Comments Off on Lending Club Now Offering Joint Loan Applications
Lending Club Now Offering Joint Loan Applications
7 October, 2015 by The TZ Newswire Staff Comments Off on People’s Bank of China (PBOC) sets yuan reference rate at 6.3505
People’s Bank of China (PBOC) sets yuan reference rate at 6.3505
China reopening after the Golden Week holiday.
– Prior close, before the holidays was 6.3571 (and setting on September 30 was 6.3613)
– So, a big rise for the yuan, the biggest rise since September 2
The PBOC to conduct reverse reps today … to inject 120bn yuan via 7-day reverse repos today, to inject 40bn yuan for the week (vs. net drain 10bn yuan last week)