Chief Markets Correspondent, London
Jamie's Feed
Jul 31, 2015

Investor stampede out of emerging markets, gold continues

LONDON (Reuters) – The stampede out of emerging markets and commodities continued last week as investors dumped yet more billions of dollars worth of assets sensitive to higher U.S. interest rates and worries over China, Bank of America Merrill Lynch said on Friday.

A net $4.5 billion left emerging market equity funds in the week to July 29, bringing the total outflow over the past three weeks to $15 billion, BAML said in its report, which also cited the latest weekly flow figures from data-provider EPFR Global.

Jul 31, 2015

Investor stampede out of emerging markets, gold continues -BAML

LONDON, July 31 (Reuters) – The stampede out of emerging
markets and commodities continued last week as investors dumped
yet more billions of dollars worth of assets sensitive to higher
U.S. interest rates and worries over China, Bank of America
Merrill Lynch said on Friday.

A net $4.5 billion left emerging market equity funds in the
week to July 29, bringing the total outflow over the past three
weeks to $15 billion, BAML said in its report, which also cited
the latest weekly flow figures from data-provider EPFR Global.

Jul 30, 2015

Banks’ ‘FICC’ market trading in second-quarter points to ongoing squeeze

LONDON (Reuters) – Hopes the worst is over for big banks’ financial market trading look premature, with the latest snapshot of earnings and volumes suggesting the pressure on these operations remains intense.

With post-crisis regulatory changes forcing them to hold more capital and liquidity, effectively meaning they are less able to trade, banks’ fixed income, currency and commodity (FICC) trading desks are unlikely to be expanded any time soon.

Jul 30, 2015

Banks’ ‘FICC’ market trading in Q2 points to ongoing squeeze

LONDON, July 30 (Reuters) – Hopes the worst is over for big
banks’ financial market trading look premature, with the latest
snapshot of earnings and volumes suggesting the pressure on
these operations remains intense.

With post-crisis regulatory changes forcing them to hold
more capital and liquidity, effectively meaning they are less
able to trade, banks’ fixed income, currency and commodity
(FICC) trading desks are unlikely to be expanded any time soon.

Jul 28, 2015

Stocks rebound, ignoring decline in Chinese markets

LONDON, July 28 (Reuters) – European stocks snapped a
five-day losing streak on Tuesday, with merger activity and
earnings news lifting major markets by more than 1 percent, as
investors shrugged off another fall in Chinese stocks and Brent
oil’s slide to a six-month low.

The rebound in Europe looked set to extend to the United
States. Futures markets pointed to a rise of more than 0.5
percent on Wall Street.

Jul 28, 2015

Global stocks rebound, shrugging off volatile and weak China

LONDON (Reuters) – Stocks rose on Tuesday, with Europe snapping a five-day losing streak as investors shrugged off further weakness in commodity markets and Chinese shares to focus on more encouraging merger activity and earnings.

Oil languished at four-month lows and China’s benchmark stocks fell for a third straight day, but developed market equities and commodity currencies recovered.

Jul 28, 2015

Stocks rebound, shrugging off volatile and weak China

LONDON (Reuters) – Stocks rose on Tuesday, with Europe snapping a five-day losing streak as investors shrugged off further weakness in commodity markets and Chinese shares to focus on more encouraging merger activity and earnings.

Oil languished at four-month lows and China’s benchmark stocks fell for a third straight day, but developed market equities and commodity currencies recovered.

Jul 27, 2015

Deflation threat returns to stalk investors and policymakers

LONDON, July 27 (Reuters) – Fear of falling prices in a
debt-laden world has returned to unnerve investors and central
banks alike, as the slide on oil and commodity markets that set
off a deflation scare last year has resumed with a vengeance.

This summer’s Shanghai stock market shock is also deepening
anxiety that a cooling of the Chinese economy will lead to
sharply lower global growth, while weak consumer prices are
undermining assumptions that U.S. interest rates will soon rise.

Jul 27, 2015

Sterling slips to two-week low versus resurgent euro

LONDON, July 27 (Reuters) – Sterling continued its 10-day
decline against a resurgent euro on Monday, falling to its
lowest in two weeks, as investors looked ahead to British growth
data later in the week.

With Chinese market turmoil and a slide in commodity prices
throwing doubt over the strength of global growth, some sterling
traders are starting to question whether the Bank of England
will raise interest rates as soon as many had pencilled in.

Jul 23, 2015

Central banks dump up to $260 billion FX reserves in second quarter: Citi

LONDON (Reuters) – Central banks dumped as much as $260 billion of foreign exchange reserves in the second quarter as emerging market central banks tried to mitigate the impact of capital fleeing their own economies, according to Citi.

The decline is the largest drop in global FX reserves in more than a decade, outstripping the depletion in 2008-09 when central banks frantically tried to manage the fallout from the global financial crisis.