29 ordspråk av Ken Wattret
Ken Wattret
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This is going to be more of a newspaper headline budget rather than one for any macro economic changes,
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It takes the pressure off the euro, and it is maybe the first time when a couple of [consecutive] numbers have come out positive for it,
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The U.S.-Europe story is getting played out and is fully discounted in the euro and bond markets,
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The obvious focus for the market will be the core PPI, and given what we've seen for consumer prices, we should see a relatively modest increase there,
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The euro remains competitive, well below levels witnessed at the start of European monetary union when there was little complaint from manufacturers,
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The consensus PMI forecast was for a small decline and that's what we got, so it was a neutral outcome in the end,
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There's a feeling that high oil prices combined with damage from Hurricane Katrina will hurt the U.S. economy, bringing the Fed's tightening cycle to a swift end. This is boosting demand for bonds.
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The obvious focus for the market will be the core PPI, and given what we've seen for consumer prices, we should see a relatively modest increase there.
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This is going to be more of a newspaper headline budget rather than one for any macro economic changes.
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It takes the pressure off the euro, and it is maybe the first time when a couple of [consecutive] numbers have come out positive for it.
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The U.S.-Europe story is getting played out and is fully discounted in the euro and bond markets.
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Whatever happens the euro will fall. Even an aggressive move - half a percentage point - wouldn't help, and then they'll have used all their ammunition up.
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For the ECB to be hiking rates, they needed to see some clear signs of growth. And they are getting it now in abundance.
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This economic cycle is different from others. It's been great news for the corporate sector but not for the household sector.
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The market's negative reaction to today's press conference is entirely justified.
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