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JP Morgan - Latest News [Page 8]
FX Daily Planet: New York Open
Saturday, 20 March 2010, 10:46 am | JP Morgan
Despite European equities posting solid increases during the session, high beta currencies are in the red versus USD. Sentiment towards USD is being helped following speculation of another rise in the Fed discount rate in an attempt to normalize monetary policy ... More >>
European Duration Survey, 18 Mar 2010
Saturday, 20 March 2010, 10:42 am | JP Morgan
Investor exposure is broadly unchanged since our last update. The largest changes were Euro area investors who cut back on their shorts and UK investors that added to short duration exposure. More >>
FX Daily Planet: London Open
Saturday, 20 March 2010, 10:23 am | JP Morgan
Asian stock markets traded firmly following the overnight rally in the Dow to the highest level in one and a half year; both the Nikkei and KOSPI traded higher on the day and Shanghai rebounded after falling in the morning session. More >>
World Financial Markets: Second-quarter 2010
Friday, 19 March 2010, 2:13 pm | JP Morgan
The global recovery will be maintained in 2010, lifting GDP at an above-trend 3.4% pace. The booming recovery in manufacturing will broaden to the service sector. The US will continue to outperform most other developed economies, reflecting more aggressive ... More >>
Daily Economic Briefing: March 17, 2010
Thursday, 18 March 2010, 10:23 am | JP Morgan
• If we are correct, one important takeaway from this week’s reports will be that core inflation is sliding in the advanced economies. This development represents more of a challenge to central banks than is commonly appreciated. The further inflation ... More >>
FX Daily Planet: Sydney/Asia Open
Thursday, 18 March 2010, 10:05 am | JP Morgan
Risk markets are adding to overnight gains in the US session, with equities up 0.5% and the USD down against high beta. NZD is today’s top currency among the majors, up around 1% and rebounding sharply against other commodity currencies which it has ... More >>
Australia: housing starts rapidly catch up
Wednesday, 17 March 2010, 2:30 pm | JP Morgan
Dwelling commencements sky-rocketed a further 15%q/q in 4Q, after bouncing a revised 11%q/q in 3Q (J.P. Morgan +5%). The rise in commencements was led by ‘other’ residential building (up 19%q/q), although new private sector houses were also very ... More >>
FX Daily Planet: Sydney/Asia Open
Wednesday, 17 March 2010, 10:15 am | JP Morgan
Today’s statement left the FOMC’s key policy guidance intact: that economic conditions "are likely to warrant exceptionally low levels of the federal funds rate for an extended period.” Beyond this the economic outlook paragraph was marginally more ... More >>
RBA Board minutes suggest "flexibility"
Tuesday, 16 March 2010, 2:59 pm | JP Morgan
The Reserve Bank today released minutes from the early March Board meeting, during which members elected to restart the tightening cycle they unexpectedly suspended in February. The tone of today’s minutes was upbeat, as one would expect given ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 15 March 2010, 11:39 am | JP Morgan
The week ahead in Australia is quiet, with just the 4Q dwelling starts data due for release on Wednesday. The highlight of the week, therefore, will be the release Tuesday of the minutes from the RBA’s March Board meeting, at which officials chose to ... More >>
Global Data Watch: Spend and Delever
Sunday, 14 March 2010, 10:15 am | JP Morgan
Global consumption on track for solid gains even as fiscal supports fade; China’s rising inflation and slowing growth news likely to be tempered when March data are released More >>
FX Markets Weekly: Euro’s risk premium too high
Saturday, 13 March 2010, 11:18 am | JP Morgan
Despite predictions that sovereign risk would doom the euro even if Greece stabilised, March is proving that the old rules still apply. Stronger data and higher stocks still prompt broad USD weakness, even against the euro. But even as the euro tracks ... More >>
FX Daily Planet: New York Open
Saturday, 13 March 2010, 10:42 am | JP Morgan
The major theme for the European session has been broad based USD weakness as the USD Index breaks through trendline support following the rally since the start of the year. European currencies have been the major beneficiaries with SEK and CHF ... More >>
FX Daily Planet: London Open
Saturday, 13 March 2010, 10:28 am | JP Morgan
In the Asian session, the FX market remained very quiet. JPY extended its overnight decline in early Asian morning and EUR/JPY rose to the highest level in more than two weeks, but the rally of the pair was still just 0.3%. More >>
Strong retail headline masked underlying weakness
Friday, 12 March 2010, 1:03 pm | JP Morgan
Retail sales values spiked in New Zealand in January, but the headline masks a relatively weak picture of consumer spending. Sales values were up 0.8%m/m (J.P. Morgan: 0.2%, consensus: 0.5%), after falling 0.4% in December (revised down from zero), with the ... More >>
Daily Economic Briefing: March 11, 2010
Friday, 12 March 2010, 11:46 am | JP Morgan
China delivered a package of January/February data that hinted at an unpleasant combination of moderating growth and rising inflation. However, interpretation of the data is clouded by multiple factors, including the Lunar New Year holidays, unusually harsh ... More >>
FX Daily Planet: Sydney/Asia Open
Friday, 12 March 2010, 10:04 am | JP Morgan
Today featured another quiet session in New York, with US equities about flat in afternoon trading and the USD slipping slightly against the majors. GBP remains today’s the strongest performer during the session following the Bank of England quarterly ... More >>
RBNZ left rates steady, but commentary more dovish
Thursday, 11 March 2010, 11:40 am | JP Morgan
The RBNZ left the official cash rate (OCR) at a record low 2.5% this morning, as expected. Although the statement was slightly more dovish than the previous statement, Governor Bollard reiterated that the policy stimulus may be removed “around the ... More >>
FX Daily Planet: Sydney/Asia Open
Thursday, 11 March 2010, 11:08 am | JP Morgan
Risk market appear to be enjoying the dearth of economic data in the US session, as equities make an impressive late afternoon bounce, increasing about 0.3% on the day at time of writing. USD and JPY have weakened across the board against that backdrop, ... More >>
Daily Economic Briefing: March 10, 2010
Thursday, 11 March 2010, 9:42 am | JP Morgan
• China trade flows were very strong in February, with exports rising 4.8%m/m and imports rising 4.0%m/m. The increases compensate for unexpected declines in January, leaving underlying growth on a very strong track. It is curious that trade data from ... More >>
