During my career, I’ve often felt like Sisyphus: the fellow in Greek mythology doomed to roll a boulder up a hill, only to find that inches…
Rates as of 04:00 GMT Market Recap Yesterday’’ US nonfarm payrolls (NFP) for June massively exceeded expectations, with the US adding 4.8m jobs vs 3.2mn exected.…
Rates as of 04:00 GMT Market Recap Yo-yo markets! Wednesday the S&P 500 was down 2.6% and all the Asian markets were lower, Thursday the S&P…
Rates as of 04:00 GMT Market Recap Amazing day Friday! Nonfarm payrolls rose an astonishing 2500k, the highest on record. To say that “no one saw…
We’ve seen an unprecedented flurry of activity by central banks and governments around the world, too numerous to catalog. The best summary I’ve seen of measures…
Rates as of 05:00 GMT Market Recap Finally, a “risk on” day: stocks are up almost across Asia (except for a few, notably India), in some…
The week started with great promise: a G7 Finance Ministers and central bank governors conference call to deal with the coronavirus menace. But what came out…
Rates as of 05:00 GMT Market Recap Another sea of red when I call up the Bloomberg page of stock market indices, although oddly enough once…
1. US/Iran Tensions Intensify Iran’s government is now facing anti-government protests after the Iranian regime admitted that its armed forces unintentionally shot down the Ukrainian passenger…
1. Canada’s Trudeau Accuses Iran of Downing the Ukrainian Plane Canada’s PM, Justin Trudeau, cited intelligence from Canadian and other sources when he stated yesterday that…
