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A Look At The Legacy Of Fed's Janet Yellen During What May Be Her Final Jackson Hole Meeting
Sunday, August 27, 2017 - 8:46pm | 1513Read More...All roads led to Jackson Hole, Wyoming, this weekend, as central bankers, chief executives of banks, finance ministers, U.S. government representatives and academics all converged at this scenic location to air their views, both formally and informally, on various economic issues. This two-day...
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Trump May Not Be All Gravy For Bank ETFs
Monday, November 14, 2016 - 1:37pm | 546Read More...Broadly speaking, political donors on Wall Street backed Democrat Hillary Clinton in this year's presidential election. Judging by the reaction to Republican Donald Trump's stunning upset, financial services stocks and the corresponding exchange-traded funds are comfortable with the idea of...
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El-Erian: Central Banks Have 'Distorted' The Public Market
Thursday, October 20, 2016 - 8:24am | 466Read More...Mohamed El-Erian, a well-respected economist and chief economic adviser at Allianz, isn't a fan of owning stocks. In an interview with Bloomberg, El-Erian said he isn't avoiding stocks because of the perceived risks. In fact, his portfolio composition contains assets generally considered to be...
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Drop A Dime On Dollar ETFs
Wednesday, October 12, 2016 - 12:24pm | 521Read More...It was not long ago that the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP) was the king of currency exchange-traded funds. This year, thanks in large part to the Federal Reserve's refusal to raise interest rates, the dollar and UUP have almost been reduced to court jester status. What...
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Bank Of England Maintains Current Interest Rates But Hints Of Another Rate Cut This Year
Thursday, September 15, 2016 - 10:44am | 313Read More...The Bank of England on Thursday voted to maintain its 0.25 percent interest rate but hinted a further cut could occur before the end of the year. The Bank of England lowered its key interest rate on August 4 to 0.25 percent from 0.50 percent. The central bank noted at that time that economic...
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Bank Of England Slashes Interest Rate To 0.25%, Notes 'Indicators Have All Fallen Sharply'
Thursday, August 4, 2016 - 8:54am | 352Read More...The Bank of England met on Thursday, and, as expected, the central bank lowered its key interest rate for the first time in seven years to 0.25 percent from 0.5 percent. The vote to lower rates was unanimous across all nine officials, and the majority of officials expect to implement another rate...
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Thailand ETF Prevails Despite Shaky Bank Loan Issues
Friday, July 29, 2016 - 1:08pm | 600Read More...As was the case in previous periods of emerging markets strength, Thai stocks and the iShares MSCI Thailand Inv Mrkt Index Fd (NYSE: THD) are excelling this year as broader developing markets benchmarks rebound. The lone dedicated Thailand ETF trading in New York is up 27.7 percent year-to-date,...
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Post-Brexit, Banks Could Be Problems For U.K. ETFs
Tuesday, July 26, 2016 - 8:47am | 632Read More...Underscoring the vulnerability of U.K. assets in the post-Brexit world, the Guggenheim CurrencyShares British (NYSE: FXB) is lower by nearly 12 percent over the past month. Remembering that when an investor opts for international stocks or funds he or she not only incurs equity risk, but currency...
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Fed Facts: Explaining Quantitative Easing
Friday, July 22, 2016 - 6:45am | 254Read More...The Central Bank of the United States has several arrows in its quiver when it comes to monetary policy, or the method by which the Federal Reserve manages money for the country. One of the most often used is quantitative easing (nicknamed "QE"). Often spoken of as “printing...
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HSBC Gets An Upgrade From JPMorgan Despite Brexit-Led Onslaught Of Bank Rating Cuts
Monday, June 27, 2016 - 9:10am | 509Read More...JPMorgan has upgraded HSBC Holdings plc (ADR) (NYSE: HSBC) to Neutral from Underweight due to its "defensive" nature post Brexit. The brokerage also downgraded many U.K. and European banks. Analyst Kian Abouhossein said following the U.K.'s decision to leave the EU, "We see spillover effect to the...
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What Analysts Think Central Banks Will Do Following Brexit
Friday, June 24, 2016 - 11:35am | 398Read More...Now that Britain has officially voted to leave the eurozone, central banks are left to decide what (if anything) they will need to do to stabilize global markets. Several Wall Street analysts have already given their takes on the issue. Capital Economics believes the rhetoric about the dangers of a...
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'We Expect A Recession': Credit Suisse On UK Economy
Friday, June 24, 2016 - 10:04am | 410Read More...Ric Deverell of Credit Suisse said in a research note Friday the United Kingdom's voting outcome to leave the European Union represents "the most significant pull back to-date from the post WWII consensus of closer integration and open trade." However, the actual path forward is "not yet clear,"...
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Test The Eurozone Recovery With This ETF
Thursday, May 19, 2016 - 4:39pm | 536Read More...The eurozone economic recovery is ongoing. That is a statement some investors may be tired of hearing because they've been hearing it for four or five years now, but data indicate even peripheral eurozone economies are farming though lingering pockets of concern. Although the euro is...
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Don't Sleep On Eurozone ETFs
Tuesday, May 17, 2016 - 10:22am | 563Read More...With the euro stronger against the dollar and the European Central Bank (ECB) dispatching a series of disappointing monetary easing efforts to global investors this year, it is not surprising that eurozone stocks and the corresponding U.S.-listed exchange-traded funds are scuffling. What's Going On...
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Can Bitcoin Resolve Central Bank Woes?
Tuesday, May 10, 2016 - 2:44pm | 476Read More...Would the adoption of digital currency, such as Bitcoin, solve central banks' problems? Probably not, said Bloomberg View columnist Leonid Bershidsky. Central banks are mulling to get paper currency out of people's hands due to money laundering issues and negative rates. Bershidsky recalled that in...
