from Morning Bid with David Gaffen:

Sovereign sensitivity

April 17, 2015

The markets come in to the day's trading with futures down dramatically, with people worrying less about earnings and more about what's happening overseas.

from Breakingviews:

Europe’s credit boom locks in mediocre returns

April 16, 2015

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from MacroScope:

Greek drama shifts to Washington

By Mike Peacock
April 16, 2015

German Finance Minister Schaeuble attends news conference in Berlin

Much of the action switches to Washington where G20 finance ministers and central bankers are gathering for the IMF’s spring conference.

from MacroScope:

Will manifestos move the UK election dial?

By Mike Peacock
April 13, 2015

Labour leader Miliband speaks at a joint news conference in Edinburgh

Britain’s main political parties will publish their election manifestos this week after what seems likes weeks of campaigning already, none of which has significantly shifted the polls putting the ruling Conservatives and opposition Labour party neck-and-neck.
Labour will launch its manifesto today with the Conservatives following on Tuesday.

from Morning Bid with David Gaffen:

Living in a Kocherlakota world

April 8, 2015

The Federal Reserve will release the minutes from its March 17-18 monetary policy meeting, when it dropped the word “patient” from its statement. But it also added another half-step before it moves on raising rates by talking up worries about the labor market and generally making it seem like rate hikes will happen sometime never.

from Morning Bid with David Gaffen:

Waiting for Mr. Dudley

April 7, 2015

Earnings do not really get under way until next week, and the few early birds coming through in the next few days, like the usual Alcoa, et al, are not bellwethers of much other than global demand for aluminum.

from Morning Bid with David Gaffen:

Moving averages, moving targets

March 26, 2015

It's starting to get difficult to keep track of the reasons for big selloffs, especially when the bond market and stock market engage in an all-out barf-fest simultaneously. The markets remain in a vacuum. Major earnings don't start for a few more weeks, and the key employment data isn't out for another week as well. That has left a bit of a void, which investors are filling with concerns about the dollar (if it's strengthening, it hurts earnings; if it's weakening, it's because of worries about the economy) and worries about the economy.

from Morning Bid with David Gaffen:

Moderation in Atlanta

March 20, 2015

The Federal Reserve certainly confused investors on Wednesday. What with the "patience" brouhaha and the dot matrix of where the Fed expects rates to go, which takes into account the labor market, it will be a welcome relief to see a few Fed speakers come out and hopefully clarify what the central bank is thinking right now.

from Morning Bid with David Gaffen:

Better Fed than dead

March 18, 2015

Headed into the Federal Reserve decision this afternoon, there’s been a decided shift in positioning in the fixed-income markets and conviction in terms of investor positioning.

from Morning Bid with David Gaffen:

Ups and downs

March 17, 2015

Monday’s activity in equities was likely the last major bit of volatility that investors will see before the conclusion of the Federal Reserve’s two-day meeting on Wednesday, so we’re entering into a bit of a quieter period for the next day-plus.