7 February, 2016 by The TZ Newswire Staff Comments Off on Asia slumps in holiday-thinned trade
Asia slumps in holiday-thinned trade
Asian shares got off to a rocky start on Monday after mixed U.S. jobs data helped sink shares on Wall Street, but trade was thin with many regional markets closed for the Lunar New Year holiday. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, with Australian shares slipping 0.3 percent. Japan’s Nikkei skidded 1.2 percent in early trade.
7 February, 2016 by The TZ Newswire Staff Comments Off on U.S. retail sales and Yellen testimony in focus
U.S. retail sales and Yellen testimony in focus
Global markets have been in turmoil since the start of the year, with stocks and commodities prices reeling, eroding inflation and making central banks increasingly dovish – a trend that could continue with more weak economic data. China, a focus of much of the recent market concern, released foreign reserves data on Sunday which showed the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows. The country’s foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowest level since May 2012, central bank data showed.
7 February, 2016 by The TZ Newswire Staff Comments Off on U.N. agency seeks to end rift on new aircraft emission rules
U.N. agency seeks to end rift on new aircraft emission rules
MONTREAL/WASHINGTON (Reuters) – Europe and the United States tried to bridge differences over emissions standards for aircraft on Sunday as global aviation leaders prepared to adopt new rules that could affect Boeing Co and Airbus Group’s production of the largest jetliners and freighters.
7 February, 2016 by The TZ Newswire Staff Comments Off on Australia – ANZ January Job Advertisements: +1.0% m/m (prior -0.1% m/m)
Australia – ANZ January Job Advertisements: +1.0% m/m (prior -0.1% m/m)
ANZ’s job advertisement data for January
The m/m gains are not spectacular, but most above the zero line during 2015. Employment growth last year was the strongest since 2006.
7 February, 2016 by The TZ Newswire Staff Comments Off on NFL’s Beckham helps Buick grab Super Bowl glory
NFL’s Beckham helps Buick grab Super Bowl glory
Buick is hoping to catch a Super Bowl ad win with its first-ever big game commercial.
7 February, 2016 by The TZ Newswire Staff Comments Off on Even The Fed’s "Owners" Aren’t Buying What Janet Is Selling
Even The Fed’s "Owners" Aren’t Buying What Janet Is Selling
Despite a collapse in yields and implicit plunge in the odds of a rate-hike anytime soon, asset-gathering, commission-taking talking-heads continue to spew unrealities about the economy and where it goes next as excuse after excuse (low oil is good, services trump manufacturing etc) are discarded. What is worse is that none other than The Fed’s “owners” – the primary dealers – refuse to play along with The Fed’s transitory narrative as their Treasury Bond position is the longest since 2013.
7 February, 2016 by The TZ Newswire Staff Comments Off on BOJ’s Kuroda and Iwata to appear in Japanese parliament today
BOJ’s Kuroda and Iwata to appear in Japanese parliament today
Bank of Japan (BOJ) Governor Kuroda and Deputy Governor Iwata will be appearing in the Japanese parliament today
They’d be better off appearing in a Superbowl commercial IMHO, they might get more attention