Chief Markets Correspondent, London
Jamie's Feed
Feb 24, 2015

Shrinking liquidity tops financial market concerns in BoE review

LONDON, Feb 24 (Reuters) – Concern is growing among banks
and investment funds that heavier regulation has led to a number
of key financial markets becoming too thin to soak up sharp
price swings or bouts of volatility, laying the groundwork for
another financial crisis.

That’s the common thread running through the responses of 66
market participants to a consultation led by the Bank of England
on what needs to be done to reinforce confidence in the fairness
and effectiveness of fixed income, currency and commodities
(FICC) markets.

Feb 24, 2015

World on cusp of major demographic shift that will hit stocks, bonds

LONDON (Reuters) – The global “savings glut” that has driven stocks to record highs and bond yields to record lows will soon start to disappear, leading to higher interest rates around the world as populations age, according to a Barclays study.

After three decades when workers saving for retirement have been a major source of financial market funding, younger people entering the workforce are gradually becoming outnumbered by those ready to stop work and tap those savings.

Feb 24, 2015

World on cusp of major demographic shift that will hit stocks, bonds: study

LONDON, Feb 24 (Reuters) – The global “savings glut” that
has driven stocks to record highs and bond yields to record lows
will soon start to disappear, leading to higher interest rates
around the world as populations age, according to a Barclays
study.

After three decades when workers saving for retirement have
been a major source of financial market funding, younger people
entering the workforce are gradually becoming outnumbered by
those ready to stop work and tap those savings.

Feb 23, 2015

Greek bank deposit outflows rose to 3 billion euros last week: JP Morgan

LONDON (Reuters) – Deposit outflows from Greece’s banks rose last week to around 3 billion euros, according to JP Morgan estimates, ahead of Friday’s last-minute aid extension agreement with the country’s euro zone creditors.

The 50 percent increase in the pace of outflows from the prior week’s 2 billion euros meant Greek banks were on track to run out of collateral for new loans in eight weeks as opposed to 14 the week before, JP Morgan said.

Feb 23, 2015

Greek bank deposit outflows rose to 3 bln euros last week-JP Morgan

LONDON, Feb 23 (Reuters) – Deposit outflows from Greece’s
banks rose last week to around 3 billion euros, according to JP
Morgan estimates, ahead of Friday’s last-minute aid extension
agreement with the country’s euro zone creditors.

The 50 percent increase in the pace of outflows from the
prior week’s 2 billion euros meant Greek banks were on track to
run out of collateral for new loans in eight weeks as opposed to
14 the week before, JP Morgan said.

Feb 20, 2015

Time running out for markets to rebuild trust – industry panel

EDINBURGH, Feb 20 (Reuters) – Time is running out for the
financial sector to show it can police itself adequately, root
out market abusers and ultimately prevent recent market-rigging
scandals from being repeated, an industry body said on Friday.

Elizabeth Corley, chair of the cross-industry Market
Practitioner Panel, said this should be done through harmonising
stricter internal codes of conduct and giving banks the powers
to sanction individuals, rather than through tighter regulation.

Feb 18, 2015

World stocks leap to multi-year highs on Greek debt hopes

LONDON (Reuters) – World stocks stormed to multi-year highs on Wednesday as investors shrugged off the uncertainty over Greece’s debt negotiations with its creditors, pinning their hopes that a deal will be reached by the end of the week.

The Greek government said it will request a loan extension for up to six months from its creditors on Thursday morning, although Germany said there will be no such deal unless Greece sticks to the terms of its current bailout.

Feb 18, 2015

Stocks leap to multi-year highs on Greek debt hopes

LONDON, Feb 18 (Reuters) – Stocks stormed to multi-year
highs on Wednesday as investors shrugged off the uncertainty
over Greece’s debt negotiations with its creditors, pinning
their hopes that a deal will be reached by the end of the week.

The Greek government said it will request a loan extension
for up to six months from its creditors on Thursday morning,
although Germany said there will be no such deal unless Greece
sticks to the terms of its current bailout.

Feb 18, 2015

Stocks march on as investors pin hopes on a Greek deal

LONDON (Reuters) – Stocks continued their relentless march higher on Wednesday as investors shrugged off the protracted uncertainty surrounding Greece’s debt negotiations with its creditors, pinning their hopes that a deal will be reached by the end of the week.

The Greek government said it would request a loan extension from its creditors on Wednesday, expected to be for up to six months with conditions yet to be negotiated, and the European Central Bank will announce it won’t cut off emergency funding for Greek banks, a source told Reuters.

Feb 17, 2015

Investor bullishness for euro zone stocks, economy soars -survey

LONDON, Feb 17 (Reuters) – International investors are their
most optimistic on euro zone stocks for several years, confident
that the European Central Bank’s upcoming bond-buying stimulus
will have the desired economic effect, a closely watched survey
said on Tuesday.

Exposure to euro zone equities jumped in February to the
highest since May 2007 and the second-highest on record,
according to the monthly bank of America Merrill Lynch survey of
196 fund managers who run $559 billion of funds.