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JP Morgan - Latest News [Page 11]
FX Daily Planet: Sydney/Asia Open
Thursday, 25 February 2010, 10:16 am | JP Morgan
Fed Chairman Bernanke’s testimony before the House Financial Services offered few new details concerning the outlook for monetary policy, but markets appear to be responding positively nonetheless. Not surprisingly, Bernanke is sticking to the ... More >>
Daily Economic Briefing: February 24, 2010
Thursday, 25 February 2010, 9:43 am | JP Morgan
Bernanke’s prepared testimony reaffirmed that an expected backdrop of low rates of resource utilization, subdued inflation, and stable inflation expectations is consistent with a low for long stance on policy interest rates. More >>
Australia: wage growth subdued, but not for long
Wednesday, 24 February 2010, 2:43 pm | JP Morgan
Australia’s labour price index grew just 0.6%q/q in 4Q (J.P. Morgan and consensus: 0.8%), marking the slowest growth rate since early 2000, or just 2.9% from a year earlier. The main drag on total wage growth stemmed from the private sector, where ... More >>
Daily Economic Briefing: February 23, 2010
Wednesday, 24 February 2010, 11:15 am | JP Morgan
The Conference Board’s measure of US consumer confidence tumbled 10.5 pts in February. This may be related to the stumble in the stock market and the political turmoil that contributed to it. The S&P500 is on course to fall over 3% this month, breaking ... More >>
FX Daily Planet: Sydney/Asia Open
Wednesday, 24 February 2010, 9:50 am | JP Morgan
The somber tone has extended in the US session, and risk markets are down across the board including equities, commodities and FX. US equities opened lower, and weak confidence numbers are helping to reinforce this as major indices are down around ... More >>
Daily Economic Briefing: February 22, 2010
Tuesday, 23 February 2010, 11:31 am | JP Morgan
Today’s GDP reports from EM Asia remind that although regional growth moderated in 4Q09 it remained impressive. Taiwan and Thailand recorded 18.0%q/q, saar and 15.3% increases in real GDP; not surprisingly, gains of this magnitude were fueled by impressive ... More >>
FX Daily Planet: Sydney/Asia Open
Tuesday, 23 February 2010, 9:30 am | JP Morgan
With little economic data of note, it’s been an uneventful day for in the US session, and markets are generally trading within fairly tight ranges. US equities are flat in afternoon trading and there are few notable moves to speak of in FX as G-10 currencies ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 22 February 2010, 12:23 pm | JP Morgan
Last week’s Aussie calendar was littered with RBA commentary, the highlight being the Governor’s marathon session in front of federal MPs on Friday. The bottom line from all this official noise? The RBA paused in February mainly because the Aussie ... More >>
RBNZ probably will hold to midyear tightening
Monday, 22 February 2010, 11:07 am | JP Morgan
In a change of forecast, we now expect that the RBNZ will kick off the next tightening cycle in July with a 50bp hike Previously, we had expected a 25bp move in April, arguing that the deteriorating medium-term inflation outlook would prompt the RBNZ ... More >>
Global Data Watch: Fast Growth, Slow Healing
Sunday, 21 February 2010, 12:07 pm | JP Morgan
Core inflation on track to make historic lows in developed world this year. US economy recovering relatively well despite being at the center of global financial crisis. Japan also surprising with solid growth yet remains mired in deflation More >>
FX Markets Weekly: Exits Lead to a Higher Dollar
Saturday, 20 February 2010, 12:50 pm | JP Morgan
Over the past six weeks several major central banks have surprised with the timing and course of their exit strategies. The net result has been dollar positive, and while it is premature to conclude that the dollar is transforming from a funding ... More >>
Exiting EMU: the Legal, the Likely & the Ludicrous
Saturday, 20 February 2010, 12:49 pm | JP Morgan
Budgetary strains in peripheral Europe have invited speculation that a country could withdraw or be expelled from the Euro area.Withdrawal from the EU appears possible under the Lisbon Treaty. The treaty does not address explicitly withdrawal from EMU ... More >>
European Duration Survey, 18 Feb 2010
Saturday, 20 February 2010, 11:27 am | JP Morgan
Investors continued to add bearish positions, with exposure now net short across all markets. Euro area investors underwent the largest adjustment, followed by the US.Euro area domestic investors have now reached their most bearish level since Apr06. More >>
FX Daily Planet: New York Open
Saturday, 20 February 2010, 11:10 am | JP Morgan
The impact of the surprise (at least as far as its timing was concerned) hike in the Fed’s discount rate continued to reverberate through financial markets in Asia and Europe. Asian stocks fell by 2% or so; European markets by less than half of ... More >>
FX Daily Planet: London Open
Saturday, 20 February 2010, 11:06 am | JP Morgan
In the early Asia session, the Fed announced a 25bp hike in the discount rate. FF futures and S&P500 futures were sold off after the announcement. Given this development, USD rallied sharply against the G-10 currencies; USD/JPY rose to 92s, which is the ... More >>
RBA Governor's Testimony Highlights Uncertainty
Friday, 19 February 2010, 2:52 pm | JP Morgan
Reserve Bank Governor Glenn Stevens today testified before a Federal Parliamentary committee in Canberra and answered questions from Members of Parliament. The discussion meandered from the Governor’s thoughts on the reasons behind the Bank’s decision ... More >>
Daily Economic Briefing: February 18, 2010
Friday, 19 February 2010, 1:31 pm | JP Morgan
The Fed raised the discount rate from 1/2% to 3/4%. The move was advertised in advance and the accompanying statement took pains to say that the action did not signal any change in the outlook for the economy or monetary policy. More >>
FX Daily Planet: Sydney/Asia Open
Friday, 19 February 2010, 9:55 am | JP Morgan
Risk markets managed to shrug off mixed economic news and are moving higher in afternoon trading. US equities are currently up by about 0.7% and the USD has retreated against the majors for the most part. NOK remains today’s main underperformer, stopped ... More >>
Daily Economic Briefing: February 17, 2010
Thursday, 18 February 2010, 11:50 am | JP Morgan
The FOMC minutes added color to Bernanke's exit-strategy testimony but did not break new ground. There was no material change to the economic forecast by the staff or the committee. Generally conditions had evolved in line with expectations, which ... More >>
FX Daily Planet: Sydney/Asia Open
Thursday, 18 February 2010, 9:46 am | JP Morgan
US equities managed to post smallish gains in US trading, up 0.4% on the day. FX markets continue to lose momentum however, with most high beta pairs down against the USD. The EUR has almost fully revered its gains yesterday and now trades at levels ... More >>
