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JP Morgan - Latest News [Page 2]
FX Daily Planet: Sydney/Asia Open
Friday, 21 May 2010, 9:18 am | JP Morgan
The day began with high beta FX down sharply against the USD and JPY, but the sell-off gathered momentum as commodities and global equities collapsed over the course of the NY morning. Adding to the widespread risk asset liquidation, the initial jobless ... More >>
FX Daily Planet: Sydney/Asia Open
Wednesday, 19 May 2010, 9:39 am | JP Morgan
Risk markets were off to a firm start in the European session, with equities, high-beta FX and commodities rallying. However, sentiment started to unravel with disappointing US housing data showing that the homebuyers’ tax credit (which ended at the end ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 17 May 2010, 12:06 pm | JP Morgan
In Australia last week, the Federal budget was an anticlimax; the Treasurer delivered what he promised—a “beige” budget. The economic data was more revealing, with employment booming (again), but home loans cratering (again). It seems the threshold ... More >>
From Liquidity Crisis To Existential Angst
Saturday, 15 May 2010, 1:30 pm | JP Morgan
Dramatic policy actions in Europe are expected to contain sovereign crisis and limit spillover to European and global economies. Revised Euro area forecast anticipates moderately slower growth and no ECB tightening through 2011. More >>
Negative Interest Rates In Switzerland
Saturday, 15 May 2010, 11:35 am | JP Morgan
The inexorable decline in EUR/CHF is fostering market discussion of alternative policy measures to address CHF strength; Negative interest rates naturally attract attention given Switzerland’s use of these between 1972-1978. More >>
FX Markets Weekly: ECB Seals Euro's Fate
Saturday, 15 May 2010, 11:14 am | JP Morgan
FX Outlook: ECB seals euro's fate as a funding currency The EU’s unprecedented measures to avert a broader sovereign credit crisis should be good for cyclical currencies medium-term. More >>
The European Stabilization Mechanism
Saturday, 15 May 2010, 11:10 am | JP Morgan
The EU/ECB introduced various facilities to help stabilize sovereign debt markets. These include: €60bn extended balance-of-payments facility; €440bn SPV guaranteed by 16 EMU states. More >>
FX Daily Planet: New York Open
Saturday, 15 May 2010, 10:54 am | JP Morgan
EUR/USD has marked a new multi-month low during the European session, falling to its lowest levels since the Lehman crisis as the sovereign crisis in the Euro area continues to weigh on sentiment. More >>
Consumers finding their feet, but slowly
Friday, 14 May 2010, 12:44 pm | JP Morgan
Retail sales in New Zealand bounced back in March, rising 0.5%m/m (J.P. Morgan: 0.9%, consensus: 1.1%), after a disappointing drop of 0.6%m/m in the previous month. Two thirds of retail industries recorded an improvement in sales over the month. The ... More >>
FX Daily Planet: Sydney/Asia Open
Friday, 14 May 2010, 10:02 am | JP Morgan
With hardly any data releases hitting the tape, and Fed Chairman Bernanke steering clear of monetary policy, markets retreated from risk in the US session. US equities fell broadly in afternoon trading, commodities slipped across the board and GBP led ... More >>
FX Daily Planet: Sydney/Asia Open
Wednesday, 12 May 2010, 9:48 am | JP Morgan
Resignation by Prime Minister Gordon Brown confirmed the end to Labour party rule and speculation is now focused on the prospect of Con-Dem collation as David Cameron pledged to form a coalition government. This news helped GBP to rise against the ... More >>
Daily Economic Briefing: May 11, 2010
Wednesday, 12 May 2010, 9:19 am | JP Morgan
We are seeing a modest pullback in most financial markets following yesterday’s impressive gains. Today’s economic data from China and Europe were solid. More >>
FX Daily Planet: Sydney/Asia Open
Tuesday, 11 May 2010, 9:23 am | JP Morgan
View for the day The weekend’s events in Europe completely overshadowed a threadbare slate of data releases and the unanimously expected BoE announcement of an unchanged bank rate and stock of asset purchases. Financial markets were buoyant in the aftermath ... More >>
Global Data Watch: Frankfurt, We Have A Problem
Saturday, 8 May 2010, 12:16 pm | JP Morgan
The Euro area sovereign crisis leaves the ECB with difficult choices; Although global growth is accelerating and resilient, an effective policy response is needed to limit macroeconomic damage from the crisis. More >>
FX Markets Weekly: FX targets for the endgame
Saturday, 8 May 2010, 11:36 am | JP Morgan
The ECB’s refusal to extend liquidity has put markets in endgame mode, where a local funding issue morphs into a global leverage crisis due to a succession of policy missteps. More >>
FX Daily Planet: New York Open
Saturday, 8 May 2010, 11:30 am | JP Morgan
Sterling has been the main story during the European session as the market digests the UK election results. At the time of writing, the Conservative Party have 291 seats with the Labour Party on 251 seats and Liberal Party on 52 seats. More >>
European Duration Survey, 6 May 2010
Saturday, 8 May 2010, 10:56 am | JP Morgan
Both multi-currency and single-currency investors increased their longs signficantly vs. benchmark, particularly international Euro area and US investors. More >>
New Zealand’s recovery ‘less fragile’
Thursday, 6 May 2010, 11:57 am | JP Morgan
Reserve Bank Governor Alan Bollard this morning spoke on the outlook for the New Zealand economy in Dunedin. Financial markets interpreted the speech as being a little hawkish, with market pricing shortly after the speech suggesting a 72% chance ... More >>
Wages in New Zealand grew slowest in years
Tuesday, 4 May 2010, 12:56 pm | JP Morgan
Private sector wage growth remained subdued in New Zealand in the March quarter. The private sector labour cost index (LCI), which of the various wage measures receives most attention from the RBNZ, rose 0.3%q/q in 1Q (J.P. Morgan: 0.3%, consensus: 0.4%), ... More >>
Daily Economic Briefing: May 3, 2010
Tuesday, 4 May 2010, 10:49 am | JP Morgan
The US ISM manufacturing survey surged to an expansion high of 60.4, with the orders, output, and inventory indexes collectively pointing to very rapid production gains both in April and in the next few months. The ISM employment index vaulted to 58.5; ... More >>
