The Day Today

"The Day Today" - 20 August 2014

The US dollar is breaking out to higher levels since the stronger housing data yesterday, but it looks like an outsize move given rates markets remain rangebound and US equities aren’t significantly outperforming European ones.

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"The Day Today" - 18 August 2014

* Carney reminds us that he can do what he likes, telling the Sunday Times that even though wage growth is the focus, they can move ahead of it: “we have to have the confidence that real wages are going to be growing sustainably.

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"The Day Today" - 14 August 2014

European contraction…but we know what the ECB will do in response…
* Germany 10yr falls below 1% for the first time ever, as Q2 GDP came in worse than expected,

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"The Day Today" - 13 August 2014

* China credit data plummets (see chart) but Asian stocks largely shrug it off. The PBOC unusually released a statement to say ‘The drop in July’s financial data was caused by a high base effect and seasonal fluctuation’

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