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- Number of millionaires up 17% in 2009; Gerry Davies still not among them
- Euro zone June consumer confidence -17.3 in June from -17.8 in May
- Richmond Fed holds up better than Philly
- EMU Consumer Morale Sees Modest Recovery in June: EU Comm
- Geithner: Treasury will return billions of unused TARP funds
- US existing home sales fall 2.2% in May
- Cable bid to the boots; guess they like the budget
- EUR/USD: Moving averages cross again
- Germany Merkel: Budget Consolidation To Stimulate Consumption
- Energy ThinkTank: US Re-Emerging As Major Oil Price Influence
- US Redbook: Jun Store Sales -0.4% vs May Through Jun 19 Wk
- Andy Xie: Pampered Chinese youth won’t work for peanuts
- Tired of USD/JPY not moving? Buy a DNT!
- Germany, France and UK all on board bank levy
- Cable bouncing back after budget
- Interesting look at why China consumes so little
- EUR/USD consolidating losses
- Text: US ICSC-GS Wkly Store Sales -0.5% in June 19 Week
- G20 Preview: Host Canada & U.S. Differ on G20 Approaches
- EUR/GBP trading near session low as budget gets underway
| Number of millionaires up 17% in 2009; Gerry Davies still not among them Posted: He was close at the peak of the internet bubble, but now... Do you think he'd be working for me if he were? The data comes from a Merrill Lynch survey which also shows wealth in 2009 neared its 2007 peak after a BIIIIGGG dip in 2008... Another interesting tidbit is that there ... |
| Euro zone June consumer confidence -17.3 in June from -17.8 in May Posted: |
| Richmond Fed holds up better than Philly Posted: The composite index fell to 23 in June from 26 in May. Philly, you'll recall, fell to 8 from 21.4 last Thursday. |
| EMU Consumer Morale Sees Modest Recovery in June: EU Comm Posted: FRANKFURT (MNI) - Consumer confidence in the Eurozone surprised to the upside in June, rebounding a half point to -17.3 and falling short of only the most optimistic forecasts, according to preliminary estimates published Tuesday by the European Commission. The ... |
| Geithner: Treasury will return billions of unused TARP funds Posted: Geithner will testify before the TARP oversight panel today and say that TARP is costing less than expected and unused funds will be returned to the Treasury. Banks have not cost the Treasury much, the original target of the TARP. AIG and the auto companies have been the big drag... |
| US existing home sales fall 2.2% in May Posted: Median home prices rose 2.7% to $179,600. Inventories of homes for sale fell 3.4%, an 8.3 months supply at the present sales rate. |
| Cable bid to the boots; guess they like the budget Posted: I'm not even gonna begin to try and guess what cable is all about. Down to the lows as the budget speech began, up to the highs after its over. I'm afraid I don't know enough about the vagaries of UK budget to know if there were any surprises. Seems ... |
| EUR/USD: Moving averages cross again Posted: The 10 and 21-day moving averages have crossed bullishly once again in EUR/USD today with the move more decisive than yesterday's nudge... In theory, a trend follower would buy EUR/USD when the 10-day moving average crosses above the 21-day moving average and only sell when the 10-day average moves back below ... |
| Germany Merkel: Budget Consolidation To Stimulate Consumption Posted: BERLIN (MNI) - German Chancellor Angela Merkel Tuesday defended her budget consolidation program, arguing that it will stimulate economic growth rather than hinder it. Bringing down elevated public deficits will create confidence amongst citizens, thereby boosting private consumption, Merkel argued ... |
| Energy ThinkTank: US Re-Emerging As Major Oil Price Influence Posted: By Brai Odion-Esene WASHINGTON (MNI) - As oil demand growth returns, the U.S. is once again starting to emerge as a major influence on oil prices, the London-based Centre for Global Energy Studies said Tuesday in its oil report for June. ... |
| US Redbook: Jun Store Sales -0.4% vs May Through Jun 19 Wk Posted: WASHINGTON (MNI) - The following is the text of the weekly retail sales report released by Johnson Redbook Tuesday, for the month-to-date through the week ended June 19: The Johnson Redbook Retail Sales Index was up 3.2% in the third ... |
| Andy Xie: Pampered Chinese youth won’t work for peanuts Posted: China's existing manufacturing system cannot be sustained says the esteemed Any Xie. If his view proves true, (and all recent evidence suggests it is), China's competitive advantage will erode, helping balance global imbalances, eventually. |
| Tired of USD/JPY not moving? Buy a DNT! Posted: That's what Nomura, the big Japanese investment bank, is telling clients. They recommend a 1-year 88/98 double-no-touch to take advantage of the lack of movement in this pair, based upon the idea that Japan.US interest rate differentials are unlikely to change very much over the next year. Hard to argue ... |
| Germany, France and UK all on board bank levy Posted: Looks like a clash of the Titans at this weekend's G-20 as the US and Canada balk... The three nations have issued a joint statement on the tax, saying banks must make a fair contribution to reflect risks they pose to the financial system. Separately, Merkel says she plans to look at ... |
| Cable bouncing back after budget Posted: Taxes, taxes and more taxes plus some spending cuts have allowed the UK Treasury to forecast a cut in gilt-edged bond sales by GBP 20 bln. The UK budget includes a controversial bank levy, a rise in the VAT and a hike in the capital gains tax. It also includes very ... |
| Interesting look at why China consumes so little Posted: It's all about the lack of girls... |
| Posted: Despite upbeat Ifo data from Germany, showing sentiment remains reasonably upbeat despite the sovereign debt crisis, the euro has had a rough morning. Comments from SNB's Jordan that there is no longer a need to intervene in EUR/CHF, the most explicit statement from the SNB to date that they have abandoned ... |
| Text: US ICSC-GS Wkly Store Sales -0.5% in June 19 Week Posted: WASHINGTON (MNI) - The following is the commentary from the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot released Tuesday: Despite the Father's Day sales catalyst over the latest week, consumers were more cautious in their spending over this past week. ... |
| G20 Preview: Host Canada & U.S. Differ on G20 Approaches Posted: --Different Emphases On Pace Of Cutting Gov't Spending --Canada To Seek Clearer, More Urgent, Targets --Differences Seen in Obama, Harper, G20 Letters By Courtney Tower OTTAWA (MNI) - Unusual differences between the United States and Canada, about the best paths toward world financial recovery, are seen in a tale ... |
| EUR/GBP trading near session low as budget gets underway Posted: EUR/GBP down at .8319 having been as low as .8315 today. Hearing talk of stops below .8300. |
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