Financial Times (December 16)
“European bonds rallied on Friday, pushing yields to nine-month lows as investors focused on the latest signs of a slowing economy and shrugged off the European Central Bank’s insistence that it was not considering interest rate cuts.” Given the Fed’s pivot, markets appear skeptical of “ECB president Christine Lagarde’s insistence on Thursday that it was too soon to talk about the timing of rate cuts and that the bank had ‘more work to be done’ in its battle to tame inflation.”
Tags: Bonds, ECB, European, Inflation, Insistence, Interest, Investors, Lagarde, Lows, Rallied, Rate cuts, Slowing Economy, Timing, Yields
New York Times (January 25)
“So far, 2022 is off to a rocky start for the stock market. Yesterday, after an initial plunge in which stocks dropped as much as 4 percent — the biggest one-day drop in nearly a year — the market rallied and ended the day with a slight gain.” There was no particularly market-moving news, but “the foundations supporting the market during the pandemic are looking less stable.”
Tags: 2022, Foundations, Gain, News, Pandemic, Plunge, Rallied, Rocky start, Stock market, Support
Financial Times (November 16)
“The US economy is facing an accelerating surge in coronavirus cases and harsh new restrictions on business activity without the cushion of meaningful fiscal support, raising fears of a blow to the recovery.” The market has rallied on vaccine advances, but “the deteriorating health situation across the country presents an imminent threat to the US economy as the winter months approach.”
Tags: Accelerating, Advances, Coronavirus, Deteriorating, Economy, Fears, Fiscal, Rallied, Recovery, Restrictions, Support, Surge, US, Vaccine
Bloomberg (October 1)
“Stocks of the so-called sogo shosha, the groups that drove Japan’s postwar export success—the likes of Itochu Corp., Marubeni Corp. and Mitsubishi Corp.—have rallied as much as 36 percent over the last year, outpacing the race to a three-decade high by the broad Topix Index. The trading companies’ free cash-flow levels are above those reached in their heyday, and their leverage much lower.”
Tags: Export, FCF, Itochu, Japan, Leverage, Marubeni, Mitsubishi, Outpacing, Postwar, Rallied, Sogo shosha, Success, Topix
