JP Morgan - Latest News [Page 3]
FX Daily Planet: Sydney/Asia Open
Tuesday, 4 May 2010, 9:58 am | JP Morgan
Strong economic data, in the absence of negative news from Washington, was able to propel risk markets higher in the US session, with equities up 1.3% and yields rising across the Treasury curve. The JPY was the clear loser against this backdrop, down ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 3 May 2010, 1:41 pm | JP Morgan
• We expect the RBA to pull the official interest rate trigger again on Tuesday, which will be the sixth hike from the last seven opportunities. Last week’s upside surprises on the quarterly inflation prints—producer and consumer, headline and ... More >>
Global Data Watch: Strong Growth, Slow Healing
Saturday, 1 May 2010, 1:20 pm | JP Morgan
Economic recovery gaining power even as mounting fiscal stress raises anxiety in developed world; Multi-year package for Greece will relieve pressure but still leave on table worries about solvency and contagion. More >>
Nikkei’s Impact On Japanese Investment
Saturday, 1 May 2010, 11:22 am | JP Morgan
Japanese retail investors’ growing risk appetites on the back of rising Nikkei leads to increased foreign securities investments; this is one of the factors causing the negative correlation between the Nikkei and JPY. More >>
FX Markets Weekly
Saturday, 1 May 2010, 11:01 am | JP Morgan
FX Outlook: Currencies still face refunding landmines. A €120bn pledge for Greece would staunch the most serious sovereign funding crisis since the Latin debt defaults of the 1980s. More >>
FX Daily Planet: New York Open
Saturday, 1 May 2010, 10:44 am | JP Morgan
It has been a good day for EUR which is higher across the board and versus USD and JPY in particular. JPY has not been helped following the BoJ rate decision where the Board pledged to help banks lend. More >>
FX Daily Planet: London Open
Saturday, 1 May 2010, 10:13 am | JP Morgan
A firm tone in the risk markets which was seen in the overnight session on Thursday due to an improvement in the market sentiment to the Greek issue was carried over into the Friday Asian session. More >>
NZ trade balance surging further into surplus
Thursday, 29 April 2010, 1:39 pm | JP Morgan
New Zealand: trade balance surging further into surplus New Zealand’s trade balance improved further in March, rising from an upwardly revised surplus of NZ$335 million to a surplus of NZ$567 million (J.P. Morgan: NZ$400 million; consensus: NZ$354 ... More >>
RBNZ to remove policy stimulus over coming months
Thursday, 29 April 2010, 11:12 am | JP Morgan
The RBNZ left the official cash rate (OCR) at a record low 2.5% this morning, as expected. While market economists were unanimous in their anticipation that the RBNZ would leave policy on hold today, the accompanying statement did offer some new verbiage ... More >>
NZ: Business confidence bounces back to highs
Thursday, 29 April 2010, 9:09 am | JP Morgan
The headline reading on the NBNZ business confidence index recovered almost all of the previous month’s fall in April, rising to 49.5 from 42.5 in March (J.P. Morgan 44.0). At current levels, the survey indicates that almost 75% of Kiwi firms expect ... More >>
Daily Economic Briefing: April 27, 2010
Wednesday, 28 April 2010, 9:49 am | JP Morgan
Even as some hangovers from the severe recession are gaining in intensity (Euro sovereign stress, US financial reform), the global indicator flow mostly is surprising us on the upside. The leading edge concerns the early April business surveys, which hint ... More >>
FX Daily Planet: Sydney/Asia Open
Wednesday, 28 April 2010, 9:39 am | JP Morgan
What a day. The unexpected decision by S&P to cut Greece's sovereign rating by 3-notches to BB+ (sub-investment grade) and Portugal’s rating to A- sent markets reeling in morning trading, and the S&P plummeted several percent in the hours that followed. ... More >>
Australia and New Zealand - Weekly prospects
Tuesday, 27 April 2010, 1:14 pm | JP Morgan
Recent RBA commentary has implied that RBA Board members want to get the official cash rate back to a “normal” level relatively quickly. We suspect that this near-term “target” is 4.5%, only 25bp above the current level of the cash rate. Indeed, ... More >>
Daily Economic Briefing: April 26, 2010
Tuesday, 27 April 2010, 10:07 am | JP Morgan
Cyclical recovery dynamics continue to strengthen in an impressive way, putting upside risk to our forecast that global GDP will grow 3.5% this year (4q/4q), or about a point above trend. These dynamics are based on the interaction between policy, financial ... More >>
FX Daily Planet: Sydney/Asia Open
Tuesday, 27 April 2010, 9:45 am | JP Morgan
Markets remain caught in the cross currents of impending financial regulation and sovereign debt concerns, balanced by strong earnings and economic data. German Chancellor Merkel held a press announcement on Greece this morning in which she stated that ... More >>
Global Capital Spending Is Starting To Boom
Sunday, 25 April 2010, 11:37 am | JP Morgan
Global capital spending likely to rise this year at its fastest pace in a quarter century; Even as the fiscal picture in Greece worsens, the Euro area is on track for a growth bounce into midyear. More >>
FX Markets Weekly: After Greece
Saturday, 24 April 2010, 11:30 am | JP Morgan
Now that Greece has activated the EU/IMF facility, the best case scenario is rapid approval and rejection of debt restructuring. But that script seems too hopeful for a funding program which has stumbled at every turn. More >>
FX Daily Planet: New York Open
Saturday, 24 April 2010, 10:33 am | JP Morgan
The European session has continued to be dominated by Greece as PM Papandreou formally asks for EU/IMF aid. EUR has been in the ascendancy for much of the morning as Greek-German 10yr bond spreads tightened amid speculation of such an announcement. More >>
European Duration Survey, 22 Apr 2010
Saturday, 24 April 2010, 10:25 am | JP Morgan
Investor exposure to peripherals vs. core in an EMU portfolio is broadly balanced, in line with the last time we ran the peripherals survey with 46% of investors currently underweight peripherals, 38% overweight and 13% neutral. More >>
FX Daily Planet: London Open
Saturday, 24 April 2010, 10:12 am | JP Morgan
Despite the strong US earnings announced after NY trading hours, Asian equity markets traded with a weak tone, though the decline for the most countries was relatively modest. More >>