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 (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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The Day Today (Friday edition) 13 Sept

* Nikkei: Obama To Name Summers As Next Fed Chief: Sources -> This story a rehash of what is already known, but mkt excitement hinges on Nikkei using the phrase “set to name” Summers  http://reut.rs/18YEFrZ -> Yellen’s chances could be scuppered by appointment of Lael Brainard as Vice-Chair (guarding Obama from accusations of being anti-women)…

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The Day Today 12 Sept

* RBNZ become first G10 central bank to signal rate hikes: “OCR increases will likely be required next year…We expect to keep the OCR unchanged in 2013” http://bit.ly/13PPgqO * But Governor Wheeler tries to talk down the ccy: “Overvalued NZD is a problem…would like to see a weaker NZD”  {NSN MSZQ0R6K50YQ <go>} * Putin writes…

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