from Morning Bid with David Gaffen:

Lower, No Longer

February 23, 2015

This week brings a lot for investors to chew on, including several retailer earnings that should illuminate the path of consumer spending - and from companies that of late have been doing well, including Home Depot and Lowe's, as well as Target, Gap Stores, Kohl's and Dollar Tree. This group will close out the earnings season as they're the laggards in the S&P 500.

from Morning Bid with David Gaffen:

Internationally speaking

February 18, 2015

The release of the Federal Reserve's minutes from its January meeting headlines the day's economic events, and one where we might see some clarity from the cryptic "international developments" line that was inserted in the most recent Fed statement.

from MacroScope:

G20 treads familiar ground

By Mike Peacock
February 10, 2015

OECD Secretary General Gurria casts his shadow on the podium as he speaks during a news conference in the G20 finance ministers and central bank governors meeting in Istanbul

G20 finance ministers and central bankers meeting in Istanbul will pledge to act decisively on monetary and fiscal policy if needed to combat the risk of  stagnation, according to a draft communique obtained by Reuters last night. As has been customary at these summits, a lot of the discussion implicitly centres on Germany.

from MacroScope:

Is a one-way bet on the dollar rising still such a safe bet?

February 4, 2015

Traders work on the floor of the New York Stock Exchange

Borrowing in dollars is like playing "Russian roulette", India's central bank chief Raghuran Rajan said on Bloomberg TV this week.

from Breakingviews:

Review: What the Great Depression taught the Fed

By Guest Contributor
January 30, 2015

By Edward Chancellor

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

from Morning Bid with David Gaffen:

Better Fed than dead

January 29, 2015

The Federal Reserve's policy announcement on Wednesday pretty much reinforced the status quo, which is that the Fed is the immovable object when it comes to markets.

from MacroScope:

EU ponders another round of Russia sanctions

By Mike Peacock
January 29, 2015

Ukrainian servicemen sit atop an armored personnel carrier as they patrol Orekhovo village in Luhansk

EU foreign ministers hold an extraordinary meeting today after their leaders have asked them to consider possible new sanctions on Russia. A final decision to impose them is likely to be left to their bosses who meet in next month and again in March.

from Morning Bid with David Gaffen:

The Fed and the damage done

January 28, 2015

The general sense from financial strategists and the commentators around them is to look at earnings reports like what was put out there from Caterpillar, Microsoft and a number of other big-name companies, see their disappointments (in part the result of the dollar’s strength, which seems to have surprised the hell out of a lot of people, judging by the Tuesday selloff) and wonder why the Fed might consider holding the line with its “coming soon!” approach to raising rates before long. Add to that all the recent moves by the various other worldwide central banks to lower rates – the Danes, the euro zone, the Canadians – and the Fed looks even more out on an island with the harder line that it is taking at this point.

from MacroScope:

Russia invites new sanctions

By Mike Peacock
January 28, 2015

Ukrainian servicemen stand guard on a street near the burning building after a shelling by pro-Russian rebels of a residential sector in Mariupol, eastern Ukraine

Ukrainian separatists said they had pushed government troops out of two districts on the outskirts of their main stronghold Donetsk and their aim was to expand control to the entire eastern region.

from Morning Bid with David Gaffen:

The Fed disconnect

January 6, 2015

There's something of a disconnect right now when it comes to the expectations the Fed will raise rates before long - the markets still see it as happening in late-2015, the most recent poll of primary dealers puts it in the mid-2015 area - and the way in which inflation expectations overall have dropped in the last few weeks, given the plunge in oil prices.