S&P 500 Index hits all time High
The S&P 500 Index hit its all time high of 1963.16 in the cash market and 1956.75 in the futures market. For the year the S&P 500 Index is up almost double digits from January 2014. Friday is the Quadruple Witching day for the S&P Futures and Options. The majority of Options are used to […]
ECB cuts key rates and looks to stimulate European economy
The ECB cut key benchmark rates to 0.15 percent from 0.25 percent and the Euro marginal rates to 0.4 percent. Lastly overnight lending of deposits rate to negative 0.1 percent. Overnight lending is now below zero at negative 0.10 percent rates. As Japan had once done. This will now create a loaning situation where lenders […]
ECB cuts key rates, Market reaction
The ECB cut key benchmark rates to 0.15 percent from 0.25 percent and the Euro marginal rates to 0.4 percent. Lastly, overnight lending of deposits rate to negative 0.1 percent. Market Reaction The Euro reacted initially by dropping versus the dollar and appeared to make a run at an almost full percentage point down to […]
Inflation Rising in the US
The second month in a row saw core inflation rising slightly, however, more than a percentage point on a year over year basis for each of the last two reported months. The Personal Consumption Expenditures price index for April increased year over year by 1.6 percent. Core consumer spending data, excluding food and energy showed […]
Japanese Inflation is rising
Japanese core consumer prices rose 3.4 percent, showing inflation. Japan’s Shinzo Abe co-created the Abenomics effect. It appears to be having its desired impact of ending a mortally fatal dis-inflation that lasted in Japan for almost two decades. Inflation is now in play in Japan. These results came out as inflation is now visible in […]
Canada has a Two percent rise in inflation
The Bank of Canada is set to have to deal with a 2 percent rise in inflation. This, despite, Stephen Poloz, saying that he “will ignore it”. The Governor, favors focusing on larger price movements, as opposed to “transitory” price gains. Food and Energy prices showed increases. Food was up 1.9 percent and energy prices […]
Yellen, Lew and Lagarde on their way to Sydney
Federal Reserve Chairwoman Janet Yellen, Treasury Secretary Jack Lew and International Monetary Fund Christine Lagarde are all scheduled to appear in Sydney for the G-20’s Finance Ministers and Central Bankers meeting. – By Julien David