European Central Bank President Mario Draghi surprised markets by announcing cuts in all the three main interest rates after inflation weakened further to a 0.3 percent annual rate in the euro area. A full-fledged quantitative easing might be unveiled after starting off with asset-backed securities – what Draghi calls “simple transparent ones,” said Kit Juckes, Global Strategist at Societe Generale. …
ETF/No Load Fund Tracker Newsletter For September 5, 2014
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2014/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09042014/ ———————————————————— Market Commentary Friday, September 5, 2014 MARKETS END THE WEEK SOMEWHAT FLAT DESPITE FAVORABLE ECONOMIC DATA [Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks teetered sideways for most of the week, finishing slightly higher by Friday. Despite slower job growth than expected, …
Coming Off The Highs
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After making a new intra-day all-time high, the S&P 500 pulled back, as the early rally, propelled by the ECB’s new stimulus efforts, ran out of steam powered by a decline in the energy sector. The major indexes retreated modestly, as the chart above shows. Contributing to the pullback was overall nervousness …
One Man’s Opinion: Will the European Central Banks Initiate QE?
Latest data from he European Union showed annual inflation rate in the euro-zone slowed further to 0.3 percent in July from 0.4 percent in the prior month. A combination of two factors –low import prices, which is a legacy of a stronger euro, and low food prices are pushing the euro-area into the low inflation regime, said Paul Donovan, Managing …
One Man’s Opinion: Will The European Central Bank Bail Out France?
Russian equities have witnessed heightened volatility in recent times, shedding 20 percent and then recouping losses to trade 20 percent higher than recent lows. Even after three rounds of sanctions, the Russian market has been surprisingly resilient, said Stephen Isaacs, Chairman of Investment Committee at Alvine Capital Ltd, London. Also, the time to generally buy in emerging markets is when …
One Man’s Opinion: Will The European Central Bank Be Forced Into QE Next Year?
The European Central Bank is likely to include in their Stress Test the money that commercial banks have raised and the fines they have incurred, said Erik Britton, director at Fathom Consulting. The eurozone final inflation reading for June came in at 0.5 percent, matching an initial estimate. Asked if investors should take heart since price levels are not falling, …