What’s the Story?

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WSJ Automatic Data Processing and consultancy Macroeconomic Advisers reported 163,000 new private-sector jobs added in July, much stronger than expectations for 108,000 new jobs. However, June’s … [Read more...]

What’s the Story?

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Calculated Risk Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported … [Read more...]

What’s the Story? Making it Rain

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Bloomberg The Federal Reserve will probably decide today to expand Operation Twist beyond $400 billion to spur growth and buy protection against a deeper crisis in Europe, according to a Bloomberg … [Read more...]

What’s the Story?

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CNBC U.S. stock index futures pointed to a slightly lower open on Wall Street on Friday as investors took profits on Thursday's gains fueled by mostly positive economic data. Brent crude futures … [Read more...]

ECB Preview and FXE Trade Update

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Mario Draghi, and the governing body of the European Central Bank meet tomorrow. Expectations are low for much news as interest rates are assumed to stand still even as many outsiders desperately urge … [Read more...]

In Between Days

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Bloomberg Asian stocks (MXAP) fell for a third day, the euro weakened to a decade low against the yen and bond risk rose on concern Europe’s debt crisis will slow the global economy. Gold futures … [Read more...]

In Between Days

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CNBC The International Monetary Fund on Wednesday denied a report in Japan's Nikkei newspaper  that the Group of 20 nations were planning to assemble a $600 billion IMF lending facility that could be … [Read more...]

In Between Days

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CNBC What essentially happened is that the Fed cut the interest rate it charges the European Central Bank to borrow dollars. The ECB wants the dollars so it can lend them out to European banks, … [Read more...]

What’s the Story Morning Glory

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WSJ Pre-Market Brief: Market tone: Stocks called higher following China’s rate cut, which boosts the euro against the dollar; Treasurys higher; Nymex crude up at $100.09; gold up 0.6% at … [Read more...]

In Between Days

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NYT PARIS — Quashing recent speculation of a softening in Germany’s hard-line stance on the euro, Chancellor Angela Merkel repeated on Thursday her firm opposition either to bonds issued jointly by … [Read more...]

In Between Days

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WaPo It’s not just Italy anymore. Spain’s borrowing costs are rising. French bond yields keep ticking ominously upward. The market conflagration is threatening to spread to all of Europe. Yet … [Read more...]