Market Overview

These Great Graphics, composed on Bloomberg, show the US and euro area recent purchasing managers surveys (ISM for the US).The top chart shows the results of the manufacturing survey, with the US in...

On the last day of the first trading week of the month, as always, it was marked with the publication of one of the most important macroeconomic statistical reports of the United States - data on the...

The following is a summary and extension of my post-Employment tweets. You can follow me @inflation_guy (and tell your friends!)175k +25k revisions, nice jobs figure. Oh, but Unemployment up to 6.7%....

The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 133.5, up from 131.8 last week. The WLI annualized growth indicator (WLIg) at one decimal place rose to 1.8 from...

From time to time I'm asked why I don't include Market Cap to GDP among the long-term valuation indicators I routinely follow. The metric gained popularity in recent years thanks to Warren Buffett's...

VIX broke out above its weekly mid-Cycle resistance at 15.57and pulled back, remaining above prior lows. This is the prelude to a probable run to the top of the chart that may occur before...

Note from dshort: I've updated the quiz based on yesterday's Q4 Financial Accounts of the United States (previously referred to as the Flow of Funds Accounts). Hint: The correct answer is the same as...

The U.S. economic data turned out much worse than the preliminary forecasts. The ECB and the Bank of England left interest rates unchanged, making a series of positive statements. The combination of...

Market Movers The main release today is US non-farm payrolls. We look for a rise of 145,000 but the estimate is extra uncertain currently due to the weather effect. Data has generally been soft...

Our inflation forecast suggests that the CPIF-gap to the RB forecasts declines somewhat to -0.2 percentage points in February, so the immediate pressure on the RB abates for now. Then we believe that...

Rouble falls to record lowOn the morning of Monday 3 March 2014, the Russian rouble opened significantly down against RUBBASK (-2.8%), USD (-2.2%) and EUR (-2.0%) on market expectations that Russian...

Today’s calendar is dominated by the US employment report. Possible sovereign credit rating actions, after the markets close, include Belgium (Moody’s, AAA3, outlook negative) and...

Yesterday, we had the 20th record finish on Wall Street and traders are snubbing any kind of rumors which is along the line that the paleness is not only due the weather. It appears that positive news...

Once again the ECB disappointed market expectations and failed to make any changes in its monetary policy. It didn’t even stop the sterilization of its EUR 177bn holdings within its Securities...