The Day Today

Free daily news bulletins with the most recent and relevant articles on politics, economics and finance, to help you stay up to date with the current climate and movements of the markets. 

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The Day Today (Friday edition)

And so, it feels like we’re back to where we started. $/ZAR touched 9.55 yesterday, back to May 22nd levels before tapering chat began. While currencies are confused, stock mkts are still performing relatively well, though pausing while we digest whether no taper now means more taper later. Commentary all fairly negative on Bernanke (see…

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The (What taper?) Day Today 19 Sept

And so the world’s most important central bank blinks. They teed up the market for tapering and then claimed that ‘tightening financial conditions’ meant they have to wait and see. Stock markets duly rallied as the punchbowl remains and the party really is back in full swing. We thought the Greenspan put was strong, but…

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The (Taper?) Day Today 18 Sept 2013

5 years after Lehman collapsed and the most important central bank in the world is about to signal that easy money really is over. Whether the so-called taper is $5bn, $10bn, $20bn, however its split between Tsys and MBS, this marks a significant turning point for the global economy. It’s time for the world to…

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The Day Today 17 Sept

FED * WSJ:  Yellen “emerged as the front runner”.. “The process for selecting a nominee isn’t starting over…no new candidates have been added to the mix.. An announcement won’t happen this week”  http://on.wsj.com/15zu6hM * RTRS concurs about no further additions to list  http://reut.rs/1eZ3Qkk * NYT also calling for Yellen http://nyti.ms/16aQ4n0 * Hilsenrath: Fed Faces Tough…

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The (Lehman RIP) Day Today 16 Sept

* Summers withdraws from the race to be Fed chairman after key Democrat senators, emboldened by Syria deference to Congress, warn he won’t pass muster {NSN MT7B286JIJUZ <go>} * WSJ: Other candidates aside from Yellen are Kohn, Ferguson, Geithner (who says he doesn’t want it {NSN MT797C0YHQ0X <go>}) or even ex-Bank of Israel Stanley Fischer…

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