News > Capital Markets

Fed minutes reveal rate hike in December was a 'close call'
Capital Markets
This is about as colorful as it gets for the minutes of the Federal Open Market Committee. The vote may have been unanimous to raise rates, but in fact it was a "close call." And now, you have got to wonder how many of the voting members of the FOMC are regretting that yea vote. Here is the critical paragraph
Video: Former Fed President Dick Fisher says don't blame China for weakness in US
Former Dallas Federal Reserve President Dick Fisher says China isn't to blame for weakness in stocks in the U.S. Rather, blame central bank policy here for front-loading easy money. He should know. Fisher was there when the policy was implemented. Now it's time to pay the piper. Fisher says he expects a "fallow performance this year" after the rally of
Trading scandal hits sovereign desks at top firms in London, says IFR
Capital Markets
Here we go again. The U.S. Department of Justice is investigating four debt traders in London for manipulation in the sovereign, supranational, and agency debt markets, according to an exclusive report by International Financing Review. According to unnamed sources, the band of bond traders set up chat rooms where they shared price information on U.S. dollar bonds. Didn't we just
Daily Scan America: Stocks drop as ISM reports slowdown
Capital Markets
Updated throughout the day January 6, 2016 It's feeling like wipe-out Wednesday. The Dow Jones Industrials lost more than 1.2% Wednesday morning. The S&P 500 wasn't far behind, down 1.1%. The Nasdaq fell 0.85%. Investors are antsy: North Korea announced Tuesday evening that it had successfully tested a hydrogen bomb; China's service sector slowed in December, and Brent oil fell
Daily Scan America: Stocks retreat on North Korea, slowing China growth, plunging oil; ADP jobs jump 257,000 in Dec
Capital Markets
Updated throughout the day January 6, 2016 It's feeling like wipe-out Wednesday, with futures pointing to a triple-digit loss for the Dow Jones Industrials. Stocks are getting hit by a barrage of bad news: North Korea announced Tuesday evening that it had successfully tested a hydrogen bomb; China's service sector slowed in December, and Brent oil fell to an 11-year
Daily Scan Asia: North Korea rattles the equity markets; yuan falls to 5-year low as China PMI slips
Capital Markets
Updated throughout the day January 6, 2016 North Korea’s hydrogen bomb test cast a dark shadow over Asian investors on Wednesday. Hong Kong’s Hang Seng Index finished the session down 0.98%, while Japan’s Nikkei 225 ended the day down 0.99%. Japanese Prime Minister Shinzo Abe seemed particularly concerned by the test, calling the act “a serious threat” to his nation’s
Daily Scan Asia: China to extend stock-sale ban; Caixin services PMI hits 17-month low
Capital Markets
Updated throughout the day January 6, 2016 Asian equities traded mostly lower on Wednesday as Chinese growth fears, a lower yuan, and a nuclear North Korea sent investors scrambling for safe-haven assets. Hong Kong’s Hang Seng Index is down 0.92%, while Japan’s Nikkei 225 is down 1.26%. Bucking the trend meanwhile is China’s Shanghai Composite. Buoyed by the new “national
Oil prices could spike if this happens in the Middle East (and the market's ignoring it)
Capital Markets
Escalating tensions with Iran have led Saudi Arabia to officially cut diplomatic ties with Iran. In a new report, Macquarie analyst Vikas Dwivedi explains why these tensions could have a much larger impact on the oil market than people think. What Happened? The catalyst for the elevated tensions between the two oil producers was Saudi Arabia’s weekend execution of 48
Daily Scan Asia: Dalian Wanda in talks to buy Hollywood film producer; Missing Hong Kong bookseller is a UK citizen
Capital Markets
Updated throughout the day January 6, 2016 Asian stock indices are set for a mixed open on Wednesday with Hang Seng Index and Nikkei 225 futures signaling a roughly unchanged start while CSI 300 contracts point to another sharp, 2.93% drop. It’s been a not-so-sweet ‘16 for Chinese equity gauges, the benchmark Shanghai Composite has so far lost 8%, while
Daily Scan America: Stocks flounder; car sales hit new record
Capital Markets
Updated throughout the day January 5, 2016 The word of 2016 seems to be "volatility." Stocks were up, then they were down. U.S. stocks steadied by the close Tuesday, with the Dow Jones Industrials adding less than 0.1%. The S&P 500 was up 0.2%, and the Nasdaq lost 0.2%. Shares of gun makers rose after President Barack Obama's announcement of