Google Analytics

Friday, August 8

8th Aug - German bunds hit record-lows

Previously on MoreLiver’s:

Follow ‘MoreLiver’ on Twitter

German Bonds on Track for New RecordWSJ
Already, yields on the country’s outstanding 10-year government debt have plumbed record lows, edging close to 1%.

The Old Continent’s Road to Ruin (Through Moscow)Wolf Street
Who will fold first? That's the question in the escalating trade war that has already hit European and Russian companies and their economies.

ECB publishes Comprehensive Assessment Stress Test ManualECB

Italy’s triple-dip recession has wiped out all its growth since 2000WaPo

Italy approves economic package amid scepticism, recessionReuters
Italy has pushed through a package of support measures for the economy that offers some help to businesses, but pressure is rising on Prime Minister Matteo Renzi to take more significant steps to pull the country out of recession.

Draghi Takes Aim at Italy as Recession Scars Euro AreaBB
Mario Draghi says Italy can only blame itself for its third recession since 2008.

Trade boost may not save German economy from second-quarter contraction – Reuters
UK trade deficit widens in June, but construction recovers – Reuters
U.K. House Prices Rise to Record as Sales Surge – BB


Q2 US Labor Costs Miss After Massive "One-Off" Spike Revision In Q1 – ZH
U.S. productivity rebounds in second quarter, wage inflation muted – Reuters

Misfiring Australian Economy Brings Rate Cut Closer – WSJ
RBA Lowers Growth, Inflation Forecasts; Says Rates on Hold – BB

China posts record trade surplus, but domestic economy may lag – Reuters
China Reports Record Trade Surplus – BB
What the Latest Economic Data Say About China’s Changing Growth Model – WSJ

BOJ offers bleaker exports view, but Kuroda stays upbeat – Reuters
BOJ Holds Stimulus as Weaker Economy Challenges Kuroda – BB


Daily MacroWSJ
Stocks markets around the world have slumped even further, and safe-haven plays such as German bunds and the yen have gained again, as news of U.S. air strikes in Iraq added to overall concerns about global conflict and signs of soft growth in Europe and China.

Daily Central BanksWSJ
Blackstone’s Take: Without QE, the ECB Can Only Hope for a Weak Euro * ECB’s Draghi Gives Nod to Weaker Euro * Economists Still Betting on Mid-2015 Fed Rate Rise, WSJ Survey Shows * Two Fed Officials Stake Out Different Positions on Market Levels * BOJ Sees Weakness in Exports, Industrial Production

Short Squeeze Lifts Euro, while Falling Yields Weigh on DollarMarc to Market

Your recent flight to safety and the pain of carry trades in the face of Ukraine and the FOMC, charted and worded by Hartnett and BofAML:

Hot Air Hisses out of Junk Bonds, ‘Prisoner Dilemma’ EnsuesWolf Street
On the Recent Anxiety in High Yield BondsThe Aleph Blog

Viikon talouspäivitykset – Roger Wessman

Teollisuustuotanto kesäkuussa -1,4% YoY – Tilastokeskus
Teollisuuden uudet tilaukset kesäkuussa -4,6% YoY – Tilastokeskus