Ezone money growth

Concern over Chinese Growth and U.S. Fiscal Cliff Threat

November 28, 2012

Mounting risk aversion has sent the euro lower and the yen higher.  Commodities, stocks, and sovereign debt yields are lower. The Shanghai Composite index fell another 0.9% and further below the key 2000 level to 1974. The 10-year Japanese JGB yield dipped a basis point to a 9-year low of 0.72%. At $1.2900 per euro, […] More

A Mixed Bag of Overnight News

August 28, 2012

ECB President Draghi will not be attending the Jackson Hole Symposium.  He was previously scheduled to speak on Saturday.  The announcement creates more uncertainty about what the Governing Council will decide regarding support for Italian and Spanish bonds.  Investors will have to wait until the next meeting on September 6, still ten days away. Japan’s […] More