Chief Markets Correspondent, London
Jamie's Feed
Aug 27, 2014

ECB speculation drives down yields, weighs on euro

LONDON, Aug 27 (Reuters) – Euro zone government bond yields
plumbed record lows on Wednesday and the euro fell to its
weakest in a year against the dollar on expectations the
European Central Bank will act soon to counter low growth and
slowing inflation.

The prospect of further stimulus, through an asset-buying
programme known as quantitative easing, also buoyed stock
markets. European shares rose again, building on two days of
strong gains, and Wall Street was expected to open higher.

Aug 27, 2014

ECB speculation weighs on euro, yields; stocks buoyant

LONDON (Reuters) – The euro extended its slide on Wednesday, hitting its lowest level in a year against the dollar as expectation grew that the European Central Bank will act soon to counter low growth and inflation.

Government bond yields around the world remained under pressure and stock markets were buoyant on the prospect of further stimulus in the world’s second largest economic bloc, although European bourses struggled to make any much headway following two days of strong gains.

Aug 26, 2014

The incredible shrinking Bund yield – going, going … gone?

LONDON, Aug 26 (Reuters) – Benchmark 10-year German
government borrowing costs have never been lower, and while the
prospect of them dwindling to zero and even below is highly
unlikely, it is no longer inconceivable.

Slowing economic growth and a seemingly relentless decline
in inflation across the euro zone, including Germany, has
spurred buying of Bunds, meaning Berlin can now borrow for 10
years at less than 1 percent compared with 2 percent at the
start of the year.

Aug 22, 2014

Sterling steadies but chalks up worst run vs dollar in 6 years

LONDON, Aug 22 (Reuters) – Sterling bulls licked their
wounds on Friday and fought back from a mauling that has seen
the currency suffer its longest losing streak against the dollar
in six years.

With investors having pushed expectations of a UK rate hike
back into next year, the British pound chalked up its seventh
weekly loss against the greenback, a run not seen since the
financial crisis of August and September 2008.

Aug 22, 2014

Sterling holds steady after worst run versus dollar in 6 years

LONDON, Aug 22 (Reuters) – Sterling bulls licked their
wounds on Friday and fought back from a mauling that has seen
the currency suffer its longest losing streak against the dollar
in six years.

With investors having pushed expectations of a UK rate hike
back into next year, the British pound is well on track for its
seventh weekly loss against the greenback, a run not seen since
the financial crisis of August and September 2008.

Aug 20, 2014

Banks, funds agree on wider window for FX fix

WARSAW/LONDON (Reuters) – Banks and asset managers are ready to support an extension of the one-minute window used to set currency market benchmarks, documents showed on Wednesday, but most are concerned by the risks involved and divided on how much of an extension.

Responses from more than 30 asset managers, banks and industry associations published by global regulators on Wednesday included a wide range of opinions on the 15 proposals laid out by the Financial Stability Board last month.

Aug 20, 2014

Global stocks halt rally, BoE jolts UK markets

LONDON (Reuters) – World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rates earlier this month.

Sterling jumped after the BoE minutes showed two of the nine policymakers unexpectedly voted to raise rates, while record-low money-market rates in the euro zone took the euro to its weakest against the dollar in almost a year.

Aug 20, 2014

Stocks halt rally, BoE jolts UK markets

LONDON (Reuters) – World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rates earlier this month.

Sterling jumped after the BoE minutes showed two of the nine policymakers unexpectedly voted to raise rates, while record-low money-market rates in the euro zone took the euro to its weakest against the dollar in almost a year.

Aug 20, 2014

Analysis – ‘Good news’ shock could kill the five-year-old bull market

LONDON (Reuters) – If bad economic news continues to translate into good news for investors, any sharp acceleration of the world economy from here could well kill off the long-running equity bull market.

While a mid-summer wobble in global markets was blamed variously on anything from peripheral European bank woes to regional political conflicts from Ukraine to the Middle East, it’s the familiar “bad news is good news” trope that’s won out.

Aug 20, 2014

‘Good news’ shock could kill the five-year-old bull market

LONDON (Reuters) – If bad economic news continues to translate into good news for investors, any sharp acceleration of the world economy from here could well kill off the long-running equity bull market.

While a mid-summer wobble in global markets was blamed variously on anything from peripheral European bank woes to regional political conflicts from Ukraine to the Middle East, it’s the familiar “bad news is good news” trope that’s won out.