Latest data from China showed CPI had been broadly stable, while industrial production data held its ground and came in stronger than most economists had forecast, suggesting there’s still quite some momentum left in the Chinese economy, said Julian Callow, chief international economist at Barclays Plc. Industrial production was up 9.7 percent year-over-year in July, which is rather encouraging and …
One Man’s Opinion: Is The Federal Reserve Likely To Initiate Tapering In September?
US July nonfarm payrolls data came in at 162,000, well below the 200,000 forecasted by most economists, and showed the labor market continues to improve, but at a frustratingly slow pace, said Mohamed El-Erian, chief executive officer and co-investment officer at PIMCO. Internal factors like earnings, long-term unemployment rate, labor participation rate and youth unemployment rate indicate the situation is …
One Man’s Opinion: Will Draghi Announce Any Stimulus In Next Week’s ECB Meeting?
The bond yields of Spain and Italy have come down drastically and both are well below 5 percent now, a very stable level that can tide those countries over as they continue to try to raise money at reasonable rates, observed Kathleen Brooks of Forex.com. Regarding the euro, Draghi has been incredibly clever with what he has done. They don’t …
One Man’s Opinion: Has Poor Communications And Lack Of Pragmatic Response From The Fed Caused The Present Uncertainty?
In his latest congressional testimony and the following Q&A session, Federal Reserve Chairman Ben Bernanke tried to distinguish between tapering and tightening and underlined the degree of conditionality that really relates to tapering, says Jeremy Stretch, Head of Currency Strategy at the Canadian Imperial Bank of Commerce. Bernanke has managed to outline the difference between tapering and tightening relatively well …
One Man’s Opinion: Will ECB’s Draghi Have To Put His Money Where His Mouth Is?
European leaders have claimed the currency zone has moved out of crisis umpteen times in the past, only to be proven wrong later. The situation can be compared to a volcano that has lied dormant for a while only to become active all of a sudden, says Michael Hewson of CMC Markets. About a year ago European Central Bank President …
Last Week In Review: ETF News And Blog Posts To 6/30/2013
In case you missed it, here’s a summary of the ETF topics and market commentaries I posted to my blog during the week ending on 6/30/2013. The past week started out on very shaky ground as far as bullish momentum was concerned. The reason was the fallout from the Fed’s taper talk that pushed the S&P 500 down to the …