After last week's flood of potential event risk tape-bombs were a storm in a teacup, it would be entirely consistent with how this year has gone, for this week - notably quiet - to be the one where we get rocking.
Italian bond prices rose on Monday after the Italian Treasury announced that it had intervened in the market with yet another debt buyback operation following a steep price decline on Friday.
The shale industry is set to enjoy its best year, arguably in its history, but some drillers are not benefitting as much as expected because they locked themselves into hedges at lower prices.
After a "stormy" week of non-stop economic news, political drama and corporate earnings, the calendar takes a break this week with a lull in market sensitive data and events.
It was supposed to be a typical subdued session to start the week, however there was already much excitement as a furious buying program push Europe into the green just before 6am EDT which also sent US index futures into the green
i) intervene in currency markets risking a new wave of reserve depletion; ii) raise interest rates to defend the currency risking economic weakness; or iii) let the currency depreciate risking capital outflows.
If half of what I have come to understand about the Curious Case of Bill Browder is true, then the “Magnitsky Trio” of Senators John McCain, Lindsay Graham and Ben Cardin are guilty of espionage, at a minimum...
China unveiled a new set of tariffs on 5,207 goods imported from the United States, with the extra levies ranging from 5 to 25 percent. Here is the breakdown.
"The PBOC’s action today won’t have solved all of the world’s problems, but it will certainly affect short-term price action. And then we’ll see where things stand next week."
The PBOC has just nuked Yuan shorts by raising the reserve requirement on FX forwards from 0% to 20%, reversing the move from last September and de facto easing US financial conditions, while tightening those in China...
