German Business Confidence Outpaces in Nov. - Ifo Institute Nov 24, 2014 08:17AM

The Ifo Business Climate Index for industry and trade in Germany rose in November to 104.7 points from 103.2 points in October. (Consensus estimates were looking for a reading of 103.) The business climate previously deteriorated six times in a row. Assessments of the current business situation are slightly more favourable than last month. Expectations with regard to the months ahead are also brighter. The downturn in the German economy has ground to a halt for the... (continue reading...)


China Cuts Benchmark Rate Amid Weaknening Growth Prospects; Markets React (FXI) Nov 21, 2014 06:48AM

Markets are active early Friday following news that China has cut its lending rate for the first time in two years, signalling that recent efforts to bolster its ebbing growth trajectory have failed to take hold.

The People's Bank of China (PBOC) said it cut its benchmark one-year loan rate by 0.4 points to 5.6 percent. The last cut was n July 2012.

The PBOC also trimmed its one-year deposit rate by 0.25 points to 2.75 percent. Banks were also given more flexibility in... (continue reading...)


Don't Bet Against the Swiss National Bank, Says Natixis (GLD) Nov 20, 2014 03:44PM

Natixis analysts Bernard Dahdah and Johannes Gareis warned investors not to be bet against the Swiss National Bank. Comments related to a November 30 referendum that would have the SNB raise gold assets to 20% (8% currently). The initiative would also require gold to be stored on Swiss soil. Yesterday a poll showed the initiative is unlikely to be successful.

"In our view, the likelihood of a 'yes' vote seems to be low," said Dahdah. ". . . . even a positive outcome of... (continue reading...)


UPDATE: Fed Officials Saw Need to Watch for Inflation Expectations to Drop - FOMC Minutes Nov 19, 2014 02:02PM

(Updated - November 19, 2014 2:02 PM EST)

Fed officials saw need to watch for inflation expectations to drop. Many saw limited impact from global slowdown.

UPDATE - The FOMC Minutes are below:

A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, October 28, 2014, at 1:00 p.m. and continued on Wednesday, October 29, 2014, at 9:00 a.m.

PRESENT:Janet L. Yellen,... (continue reading...)


UPDATE: Fed Officials Saw Need to Watch for Inflation Expectations to Drop - FOMC Minutes Nov 19, 2014 02:02PM

(Updated - November 19, 2014 2:02 PM EST)

Fed officials saw need to watch for inflation expectations to drop. Many saw limited impact from global slowdown.

UPDATE - The FOMC Minutes are below:

A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, October 28, 2014, at 1:00 p.m. and continued on Wednesday, October 29, 2014, at 9:00 a.m.

PRESENT:Janet L. Yellen,... (continue reading...)


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