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 25 Sept

* Lew Says Investors May Be Too Hopeful on Debt-Limit Debate  {NSN MTNIT30D9L35 <GO>} “People have to take seriously the fact that Congress has a lot of work to do in a short period of time,” the Treasury Secretary said. * Old school filibuster from new Republican senator Ted Cruz who has pledged to fight…

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The Day Today 24 Sept

* Fed’s Fisher (non-voter) says it all: “Here is a direct quote from the summation of my intervention at the table during the policy “go round” when Chairman [Ben] Bernanke called on me to speak on whether or not to taper: “Doing nothing at this meeting would increase uncertainty about the future conduct of policy…

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The Day Today 23 Sept

* Merkel wins with the highest share of votes for the CDU since 1990, but the question is what coalition will she form * 12 Fed speakers this week (!) but will we learn anything new. Key will be Dudley speech at 2.30pm LDN today * Fed’s George (sole dissenter) warns Fed credibility at risk…

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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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