The failure of the government to produce a credible fiscal package to fight the country’s mounting debt burden only adds to the reasons why gilts yields will rise in 2010.
(less)
Now that deficits are bad and the euro and sterling should suffer from budget concerns in Greece, Spain and the U.K., budget surpluses should be good news from the Australian and New Zealand dollars as well as the Norwegian krone and Swedish krona.
(less)
Morgan Stanley has suggested the U.K. could be the first big economy to have a debt crisis, especially if there’s a hung parliament next year. But, chances are, there won't be.
(less)
Neste Oil’s CEO says refining markets continue to look gloomy. Margins have declined since the company released its 3Q report. But he was hopeful that signs of economic upturn will drive a margin recovery in the third or fourth quarters of 2010.
(less)
Calls for Japan to intervene to stop the JPY’s advance are more acute. However, the U.S. and the euro zone could have a problem given their pressure on China to do just the opposite. BOJ may have to resort to QE instead.
(less)
Gold prices extended gains above $1,200 a troy ounce Wednesday as investors continued to seek a hedge for a weakening dollar and inflation fears. The low interest rate environment globally and quantitative easing programs also assists the rise
(less)
Dubai’s debt problem may be small in the greater scale of things but it could still have ramifications for how other sovereign-related debt is treated and cap any recovery in global risk appetite.
(less)
September has historically been a tough month for equity markets but this year things could well be different. With a recovery story gaining traction and plenty of cash itching for something exciting to do, it looks as though stocks' run higher can beat a this month’s gloomy reputation.
(less)
Safe Search Filter is ON. Truveo understands that some content may not be appropriate for all users. We provide a Safe Search Filter so that you can choose the content best suited to your personal interest. Turning OFF the Safe Search Filter may display content that is only suitable for viewers over 18 years of age. Click the button below if you are over 18 and would like to turn OFF the Safe Search Filter.