Australia GDP

Markets Less Fearful

June 7, 2017

The troubled Banco Popular in Spain is being acquired by Banco Santander, easing concerns about the banking system in Euroland’s fourth largest economy. Donald Trump announced the nomination of a former assistant attorney general from the Bush43 administration, Christopher Wray, to be FBI Director. The timing of this revelation one day before the highly awaited […] More

U.S. December Interest Rate Hike Still Expected

December 2, 2015

In spite of yesterday’s weak U.S. purchasing managers survey in which the November index (48.6) fell to its lowest level since mid-2009, market participants by and large anticipate an initial federal funds rate hike later this month. In fresh U.S. developments today, ADP estimates a greater-than-assumed 217K increase in private-sector employment last month and revised […] More

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