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JP Morgan - Latest News [Page 7]
Euro Area Government Issuance 10Q2 Update
Saturday, 27 March 2010, 10:55 am | JP Morgan
After Q1 issuance came in line with expectations, our 2010 conventional issuance forecasts are largely unchanged since our last update. We expect around €835bn from the largest 11 Euro area countries. More >>
FX Daily Planet: New York Open
Saturday, 27 March 2010, 10:46 am | JP Morgan
USD is under broad based pressure during the session as EU Ministers agree on a rescue package for Greece. Risk FX is in the ascendancy even though European equity markets are broadly mixed. NOK has been the standout performer closely followed by EUR. More >>
FX Daily Planet: London Open
Saturday, 27 March 2010, 10:42 am | JP Morgan
JPY and USD broadly weakened against the majors by 0.3 to 0.6% amid a broad rally in the Asian equity market (the Nikkei up 1.6%, Shanghai up 1.5%). Although Asian FX traded higher against USD with the firmness in the regional equity markets, the ... More >>
RBA Governor highlighted Australia's advantages
Friday, 26 March 2010, 1:15 pm | JP Morgan
Reserve Bank Governor Glenn Stevens today delivered a speech on Recent Financial Developments to the ACI 2010 49th World Congress in Sydney. The Governor’s speech focused principally on developments in financial markets, banking and sovereign debt ... More >>
ACC to close Blenheim and Thames offices
Thursday, 25 March 2010, 2:22 pm | JP Morgan
The Accident Compensation Corporation (ACC) today announced that, after a period of consultation, it has decided to proceed with the closure of its Blenheim and Thames offices. More >>
NZ economy expanded at fastest rate in two years
Thursday, 25 March 2010, 11:49 am | JP Morgan
The New Zealand economy expanded at a healthy clip of 0.8%q/q in 4Q (J.P. Morgan: 0.6%, consensus: 0.8%), nearly three times the increase recorded in 3Q, which was revised up from 0.2% to 0.3%. Annual economic growth printed at 0.4%oya, marking ... More >>
Daily Economic Briefing: March 24, 2010
Thursday, 25 March 2010, 10:18 am | JP Morgan
Our forecast calls for a temporary downshift in global growth this quarter due in part to unusually harsh winter weather in the US, Europe and parts of Asia. Global growth is expected to pick up again in 2Q as the weather normalizes and as latecomer ... More >>
FX Daily Planet: Sydney/Asia Open
Thursday, 25 March 2010, 10:15 am | JP Morgan
Equities, Treasuries, and nearly every global currency save the USD are lower in a wild and somewhat perplexing NY session. The day began with a spectacular sell-off across the US Treasury market with yields ripping higher in morning trading, with ... More >>
4Q CAD more than doubled on investment income
Wednesday, 24 March 2010, 12:22 pm | JP Morgan
New Zealand’s current account balance deteriorated significantly in 4Q, as expected. The deficit rose to NZ$3.57 billion (J.P. Morgan -NZ$2.95 billion, consensus -NZ$1.60 billion) from NZ$1.59 billion in the previous quarter. In the year to December, the ... More >>
FX Daily Planet: Sydney/Asia Open
Wednesday, 24 March 2010, 11:10 am | JP Morgan
US equities continued their slow grind higher early in the session, only to power higher in afternoon trading to finish the day up 0.7%. Following a sharp move lower in EUR/USD overnight, the EUR began to recover lost ground early in the New York ... More >>
Daily Economic Briefing: March 23, 2010
Wednesday, 24 March 2010, 10:49 am | JP Morgan
The first two business surveys to be released by Euro area countries for March were positive. The French INSEE survey and Belgium’s BNB survey posted solid gains that lifted their headline indexes to the highest level since August 2008. Tomorrow brings ... More >>
Daily Economic Briefing: March 22, 2010
Tuesday, 23 March 2010, 10:23 am | JP Morgan
• Last week’s data highlight was the February inflation reports for the US and the Euro area, which strongly suggested that large, negative output gaps are driving down core inflation in these regions. DM core inflation already has fallen a lot, ... More >>
FX Daily Planet: Sydney/Asia Open
Tuesday, 23 March 2010, 10:00 am | JP Morgan
Equities managed to rebound following Friday’s losses and are trading higher by 0.5% at time of writing, helping high beta currencies to take back much of the sharp overnight losses as a result. GBP and JPY are today’s biggest gainers, up around ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 22 March 2010, 12:01 pm | JP Morgan
A quiet week in Australia last week will be followed by another this week. The only economic data of note scheduled for release is today’s motor vehicle sales report for February—we expect a big fall in sales as the impact of the expanded investment ... More >>
Restoring productivity growth key to Australia
Monday, 22 March 2010, 11:11 am | JP Morgan
Australia’s Federal government recently released the findings from the latest Intergenerational Report (IGR)— Australia to 2050: Future Challenges . The IGR showed that the central challenge facing the government is countering the economic impact of the aging population. ... More >>
Global Data Watch
Saturday, 20 March 2010, 12:48 pm | JP Morgan
Historic slide in core inflation in developed economies will reverberate through economy, policy, and markets in 2010; Inflation dynamics are quite different in the EM, where central banks are inching toward policy normalization. More >>
China revaluation wouldn't mean much for G-10
Saturday, 20 March 2010, 12:11 pm | JP Morgan
Renminbi appreciation in 2010 is widely expected and well understood for its EM Asia implications. The impact on G-10 currencies, however, is often exaggerated. CNY appreciation could influence G-10 FX through two channels: stronger trade balances and less reserve ... More >>
FX Markets Weekly: What The IMF Means FThe Euro
Saturday, 20 March 2010, 11:12 am | JP Morgan
Once considered verboten, Europe has raised the possibility of IMF involvement in its sovereign funding crisis. IMF partnership cuts both ways: it would address the lender-of-last resort issue but raise policy options which Europe had hoped to hide ... More >>
More Hedging Less Hiring
Saturday, 20 March 2010, 11:05 am | JP Morgan
There remains a broad consensus among G3 corporates that JPY should depreciate notably in 2010 and 2011: nearly 80% of respondents look for USD/JPY to move higher in coming years. More >>
G10 fair value update: Scandies And Swissie cheap
Saturday, 20 March 2010, 11:03 am | JP Morgan
The fair value exchange rates of the core and high-beta G10 currencies are diverging, with government debt weighing down G-3 and GBP fair values, while high-beta FX fair values are rising. More >>
