further insight into the U.S. economic picture. While generally bullish in its observation of measured economic growth, the FOMC highlighted a bright spot for the economy that may have been overlooked: banks are loosening credit standards. As reported in
1:44pm on "The Verge", and that broadly coincides with Apple stock seeing increased volume and taking a hit. We had the FOMC minutes at 2:00pm but that's clearly later than the movement, as pictured below (source: Yahoo Finance ). (click to
* ECB shuns some Greek banks, intensifying jitters * Big Greek banks said to get capital next week * Minutes suggest U.S. Fed open to more stimulus * Low yields keep lid on U.S., German...
* ECB shuns some Greek banks, intensifies jitters * Minutes suggest U.S. Fed open to more stimulus * Low yields keep lid on U.S., German bond rallies * U.S. 10-year yield creeps closer to...
NEW YORK, May 16 (Reuters) - Prices on longer-dated U.S. government debt turned higher on Wednesday afternoon, erasing earlier losses as the minutes from the Federal Reserve's April policy meeting...
eurozone, and using words like stimulus and not just austerity. The S&P benchmark is +0.5% . J.C. Penney ( -15% ) is taking an absolute shellacking following its miserable FQ1 report . Later : Fed's Bullard, FOMC minutes 2 comments!
series 17 iTraxx index has pulled in 1bp on the back of stabilizing European equity markets and on short covering ahead of the FOMC today, the bloodbath atmosphere remains in the air. The series 17 is closing out at 196bp/198bp, or 11bp wider on the day
Wednesday's economic calendar: 7:00 MBA Mortgage Applications 8:30 Housing Starts 9:15 Industrial Production 10:30 EIA Petroleum Inventories 2:00 PM FOMC minutes Post your comment!
click to enlarge) Gold prices and the gold ETF products that track them have been on a descent since late February when FOMC comments stymied hopes of a QE3. Since then gold has stair stepped lower, almost erasing its year to date gains. Here's
end. U.S. nonfarm payrolls rose a tepid 120,000, breaking a quarter-long run of 200,000 or more jobs per month. The FOMC statement did not hint at a possibility of an imminent QE3, which disappointed some market participants. This modest economic