Global Developments With Obama back from the European trip the focus shifts to the domestic front where data remain weak: initial jobless claims fell by 20k for the first week of April, but this only... Read MoreRead More
Global Developments The G20 meeting in London was a rare moment of international cohesion on the measures to tackle the crisis among which 1) trebling of IMF resources to $750 bn, additional funds for $250... Read MoreRead More
Global Developments The US government has unveiled another bank bailout plan. Market participants have lost count of how many plans have been already presented, but essentially they all look similar to the one presented in... Read MoreRead More
Global Developments The US Fed took additional quantitative easing measure (promising to buy $300 billion of US Treasuries, $750bn of mortgage backed securities and $100bn agencies’ debt). For the first time in living memory the... Read MoreRead More
Global Developments A relatively strong retail sales report for February from the US last week – total sales were down by 0.1%, but ex autos sales increased by 0.7%. However initial jobless claims rebounded and... Read MoreRead More
Global Developments US Unemployment rate soared to 8.1% in Feb, the highest in 25 years, with 651000 jobs lost last month. Initial claims dipped back down to 639k from 670k last week. Despite the decline,... Read MoreRead More
Global Developments Fourth quarter US GDP was revised downward to a contraction of 6.2%. The surprise factor was consumption, down to a 4.3% decline from a 3.5% decline (from nondurable goods) while revisions to net... Read MoreRead More
Global Developments The stimulus package proposed by the US government is still being mulled over with skepticism by Market Intelligence on the UAE: The Dubai government issued bond for USD 20 bn of which USD10bn ... Read MoreRead More
Global Developments The stimulus package proposed by the US government triggered a resounding negative reaction on the markets: Wall Street displayed the worst weekly decline since November. The plan addresses unconvincingly two of the three... Read MoreRead More
Global Developments The IIF warns that after one of the most disastrous quarter for the world economy in the next few months other areas of strain will emerge extending the contagion from the financial sector... Read MoreRead More
