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Posts by "qiman"
248 Posts Total by "qiman":
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Posts by Anonymous "qiman":
China may start trading its currency against the ruble within weeks, three bankers with knowledge of the matter told Bloomberg, and sent out a document last week allowing lenders to apply for ruble trading licenses, one of them said. Russias Micex Stock Exchange is making preparations to trade the ruble against the yuan in an initiative that has the backing of the countrys central bank, Ruben Aganbegyan, the head of the bourse, told reporters at a conference in Moscow today.
Given the risk to the dollar and U.S. assets from their fiscal position they want to reduce their dependence on the dollar as an invoicing currency,
http://www.businessweek.com/news/2010-09-08/china-russia-push-yuan-ruble-trading-to-diminish-dollar-role.html
Mr Clarke is forecasting a rise of two percentage points overall in 2012, which would take rates up to 2.5pc by the end of that year.
Sir John Gieve, the former Bank of England deputy governor, said last month that he expected interest rates to rise at a quicker pace.
"I am expecting a recovery when that is strongly established I'd expect rates to start rising faster than the market currently expects. I wouldn't be at all surprised to see interest rates at 2.5pc a year from now," he said.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7982303/Warning-of-sharp-interest-rate-rise-in-2012.html
The CBOE Market Volatility Index is up 15.8% for the month through Monday's close, according to FactSet Research
http://www.marketwatch.com/story/vix-notches-biggest-august-rise-in-over-a-decade-2010-08-31
http://www.kitco.com/ind/Kirtley_Sam/aug272010.html
Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year, according to the Investment Company Institute, the mutual fund industry trade group. Now many are choosing investments they deem safer, like bonds.
If that pace continues, more money will be pulled out of these mutual funds in 2010 than in any year since the 1980s, with the exception of 2008, when the global financial crisis peaked.
Small investors are losing their appetite for risk, a Credit Suisse analyst, Doug Cliggott, said in a report to investors on Friday. http://www.msnbc.msn.com/id/38803088/ns/world_news-the_new_york_times/
Copper at $10,000 Says Credit Suisse
We still think that copper will reach $10,000 a ton by 2012 and relatively simple supply-demand analysis supports this.
http://agmetalminer.com/2010/08/19/copper-at-10000-says-credit-suisse/
HSBC's research, which looked at correlation between a range of financial instruments over the last two decades, found that high correlations have tended to accompany high levels of volatility and vice versa. But correlations have remained high in recent months even as volatility declined, suggesting that a structural change is taking place in the markets, they said.
In fact, correlations are the strongest they have been at any time over the past 20 years, according to HSBC. And a "correlation index" put together by the researchers shows a clear upward trend over that period. http://www.marketwatch.com/story/risk-driven-trade-shows-no-signs-of-fading-2010-08-20
The odds of such an outcome -- not seen since in Australia since 1940 -- were increasingly likely, recent surveys show. A Sydney-based poll conducted at the start of the week predicted a hung parliament -- reversing its reading of a comfortable victory for Labor five days earlier.
IG Market's Weston said such an outcome would put the Australian dollar under renewed selling pressure.
http://www.marketwatch.com/story/australia-election-to-impact-miners-aussie-dollar-2010-08-19?dist=beforebell
Crude oil is now influenced more by the stock market than by its own inventory levels or demand patterns. (Something I have said many times) Lately, that lockstep has reached an extreme, with the correlation between crude oil and the Standard & Poor's 500-stock Index hovering around 70%, doubling the average of 34% since 2008.
http://uk.ibtimes.com/articles/20100816/energy-report-monday-august-16.htm