Nothing but blue skies in November, BofA-ML fund managers survey finds
All it took was another rate cut: Economic growth expectations surged and risk-taking took off in November, according to the Bofa-ML fund managers survey.
Federal Reserve
Why interest rates are heading toward zero (even in the US)
The ECB’s decision to cut rates is a “game changer,” set to force the hand of the Fed, Markus Schomer, chief economist at PineBridge, said Monday.
DBS: This is how much a Fed rate cut could hit earnings
The U.S. Federal Reserve may be set to cut rates ahead, but DBS CEO Gupta was sanguine on the earnings impact for the bank.
DBS: Time to add more gold to portfolios
Markets may have recovered from their fourth quarter ructions, but DBS is advising adding more gold to portfolios to stave off the effects of continued volatility.
Fed’s Rosengren: Inverted yield curve is different this time
The yield curve inversion in the U.S. may have set off a fresh round of market jitters, but Eric Rosengren, president of the U.S. Federal Reserve Bank of Boston, said on Tuesday that it’s no longer a reliable recession signal.
UPDATE: Evans and Yellen agree, inverted yield curve is a damp squib
The inversion of the U.S. yield curve may have convinced many market participants that the sky is falling, or at least, a recession is looming, but at least two central bankers are unimpressed.
Yellen: This is the root cause of disruptions facing central bankers
The disruptions and uncertainty central bankers have been dealing with over the past few years have one root cause, said Yellen on Monday.
Yellen: Central bankers don’t have enough bullets in their policy guns
Former Federal Reserve chief Janet Yellen said on Monday that global central banks don’t have enough bullets in their policy guns to deal with a crisis.
PineBridge: This is markets’ single most important driver right now
The foremost fundamental change in the markets this year, and the single biggest driver of market moves, is tighter financial conditions, Omar Slim, portfolio manager…
US dollar inches lower as midterm election results trickle in
For all the political heat from the U.S. midterm elections, which were voters’ first big referendum on Donald Trump’s presidency, the U.S. dollar’s reaction during…
SocGen: Expecting US dollar to rise on Fed rate hikes is a ‘fairy tale’
Expecting the U.S. dollar to rise as the Federal Reserve hikes interest rates is a “canard,” that’s unlikely to materialize, said Alvin Tan, foreign exchange…
Singapore Pre-Market Thursday: Singtel, rising Treasury yields, Malaysia concerns
Singapore’s shares will start trade on Thursday with positive signals from Wall Street and regional markets, but Singtel shares will be closely watched and geopolitical…
Why the US dollar is rallying for ‘bad’ reasons
This article was originally published on Wednesday, April 25, 2018 at 4:55 A.M. SGT. The U.S. dollar has climbed against the euro and the yen…
SocGen: This will be key to how the US dollar performs ahead
How the dollar performs ahead will probably depend on how markets react to the U.S. 10-year Treasury yield potentially breaking above 3 percent, Kit Juckes,…
Societe Generale’s perma-bear Albert Edwards: Bursting credit bubble to spur US recession soon
A U.S. recession is on the cards soon as a credit bubble is bursting, Societe Generale strategist and perma-bear Albert Edwards said in a colorfully…
Why is the dollar weak despite higher US interest rates? Nomura examines the paradox
A weaker dollar, a stronger yen and higher U.S. interest rates. Why they’re happening at the same time is a puzzle. Nomura pointed to three…
Is the US dollar selloff nearing an end?
The dollar index, which measures the greenback against a basket of currencies, was up at 89.993 as of 3:17 P.M. SGT, off its day’s low…