Greeks are voting for the second time in six weeks in elections that could lead to the country leaving the euro and the bloc breaking up. As far as the EU elites and investors are concerned, New Democracy and Pasok good, Syriza bad, with the outcome to close to call. A wildfire raging near Athens seems to provide an unfortunate but apposite backdrop, but at least the Greek soccer team progressed to next round of the European Championships. [View news story]
Deep into the middle of the night in Brussels, EU leaders are still at work, but what has emerged doesn't sound good. Reuters reports diplomats saying treaty change for all 27 states isn't happening, but is still alive for the 17 nations that use the euro. A sizable rally in stock futures has reversed, with the S&P down a hair after being up about 0.8%. The euro gives up about a 40 pip gain since the NY close. [View news story]
Why would we trust our retirements to something irrational?
Back from a recent visit to the Far East, Steven Rattner says betting against China as "the world's greatest machine for economic expansion" is a bad idea: "The country pulses with energy and success, a caldron of economic ambition larded with understandable self-confidence." [View news story]
Don't get too excited about the top line jobs number, Kelly Evans reminds, since it's inflated by the 45,000 striking Verizon (VZ) workers who were subtracted from the August number were added back in for September. In other words, underlying job growth is roughly half as strong as today’s headline number suggests. [View news story]
I keep amazed with how people are trying to use the technical analysis. As if there are some higher forces that control market movements. This unability to explain the market should be a reason for the reform.
Greeks are voting for the second time in six weeks in elections that could lead to the country leaving the euro and the bloc breaking up. As far as the EU elites and investors are concerned, New Democracy and Pasok good, Syriza bad, with the outcome to close to call. A wildfire raging near Athens seems to provide an unfortunate but apposite backdrop, but at least the Greek soccer team progressed to next round of the European Championships. [View news story]
Deep into the middle of the night in Brussels, EU leaders are still at work, but what has emerged doesn't sound good. Reuters reports diplomats saying treaty change for all 27 states isn't happening, but is still alive for the 17 nations that use the euro. A sizable rally in stock futures has reversed, with the S&P down a hair after being up about 0.8%. The euro gives up about a 40 pip gain since the NY close. [View news story]
Back from a recent visit to the Far East, Steven Rattner says betting against China as "the world's greatest machine for economic expansion" is a bad idea: "The country pulses with energy and success, a caldron of economic ambition larded with understandable self-confidence." [View news story]
Don't get too excited about the top line jobs number, Kelly Evans reminds, since it's inflated by the 45,000 striking Verizon (VZ) workers who were subtracted from the August number were added back in for September. In other words, underlying job growth is roughly half as strong as today’s headline number suggests. [View news story]
Will Gold Continue to Shine? [View article]
Will Gold Continue to Shine? [View article]