Emerging markets are increasingly looking like submerging markets. Overnight, the Indoesian equity market fell 5.5%, making a new low for the year. The Thai equity market fell 3.5% and India fell around 1.5%. Meanwhile, the …
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From the time I first heard the words “current account deficit”, they had an immediate negative connotation in my mind. The word deficit has an obvious negative tone. Compare that to a “current account surplus” country. The latter …
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Today’s jobs report holds less meaning than previous reports this year. The Fed has already instituted the long-rumored QE3. One monthly data point also does not have much meaning for the broader economy. But traders …
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The first thing I noticed when I turned on my market monitor this morning was the movement in emerging market currencies. Given that the whole market has been dormant for the past 3 weeks, it’s …
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Bloomberg The U.S. economy grew more slowly in the first quarter than previously estimated, reflecting smaller gains in inventories and bigger government cutbacks. Gross domestic product climbed at a 1.9 percent annual rate from January …
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The big news yesterday in the world of oil was the announcement by the EIA on Crude oil stockpiles and inventories. First here’s stockpiles: Gasoline inventories last week fell 2.6 million barrels, to their lowest …
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EVENT: CSCO reports it’s fiscal Q3 earnings tonight after the close (see Bloomberg preview/expectations at the bottom of the post). The options market is implying a little less than a 6% move following earnings which is …
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Marketwatch Housing starts for January rose 1.5% to a seasonally adjusted annual rate of 699,000, according to an estimate from the Census Bureau and the Department of Housing and Urban Development. Economists polled by MarketWatch …
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With all the focus in the markets lately on Greece and Spain and Portugal etc. one can be forgiven for missing some pretty crazy developments in the Middle East and Iran. Obviously Syria is turning …
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SBUX ($47.80) – report their fiscal Q1 after the bell. -Options market is pricing about a 4% move which is rich to the 4 qtr avg move of about 2% and the 8 qtr avg …
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