Market Overview

Shares of Deutsche Bank (DE:DBKGn) crashed by 10% yesterday following a report from CreditSights Inc. that the German Banking giant could struggle to pay bonds obligations in 2017.The collapse in...

Yen extends broad based rally together with Swiss Franc as the financial markets are in full risk averse mode. DJIA dived to as low as 15803.55 overnight before paring some loss to close at 16027.05,...

There is a limited number of interesting data releases on the calendar today to guide financial markets in the midst of rising turmoil. The market will therefore likely position itself ahead of...

Global stock markets saw sharp losses on Monday and Tuesday as fears about global growth hit investor confidence. US equities reversed earlier heavy losses with the S&P 500 closing 1.4% lower...

During last week synthetic credit indices moved a few basis points higher each session and iTraxx Main (5y) ended 17bp higher w/w. Yesterday was another tough session with a further increase in...

The Asian equity cash market open promises to be a pretty ugly time and those off celebrating Lunar New Year will be happy their markets are closed.For those who have traded the overnight move it...

What a difference 19 months make.It was June, 2014 when Bank of England (BoE) Governor Mark Carney confidently warned financial markets that rate hikes could come earlier than implied at that time by...

The pace of macro updates picks up today, including the monthly report on Germany’s foreign trade numbers for December. Later, two US releases will draw attention as the market looks for more...

Though my recent interview with Rhonda Schaffler begins with a discussion of the case for natural gas, it closes with an easy summary of the basic argument for Japan, and it is the case for Japan that...

In many ways, the world has turned upside down. It is not just central banks that have set policy rates below zero, but the entire German curve out through eight years have negative yields. Japan,...

EM assets for the most part fared well last week, and positive sentiment should carry over into this week. China reported January foreign reserves over the weekend, and they fell less than expected to...

When real household spending fell by 4.6% in April 2014 it was cause for concern. That was the first month after the tax hike hit and the decline in spending was much larger than anticipated (by...

Tremoring Tuesday: Here we were thinking that with China on holidays all week and a relatively light calendar in terms of event risk that could cause a major repricing in the market, that we’d...

There is so much chaos going on that I don’t even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is...