Eagle Eye Opener
Good and Bad News Affects Fixed Income; China Looks Worse; Swiss Uncovering New Ways to Fence Sit
Fixed income investors awoke to good news and bad news this morning — unfortunately both came from the same economic data.
Japan’s Nikkei Index Falls 7.3% for Several Reasons; Europe and U.S. Indexes Dip after Japanese Nosedive; JPMorgan Voters Keep CEO Dimon
The Japanese stock market’s single-largest, one-day loss since the 2011 tsunami featured a 7.3 percent plunge yesterday that was blamed on lower-than-expected Chinese manufacturing figures for April, the Federal Reserve’s lack of a clear message on continuing quantitative easing and spiking Japanese bond prices.
Fannie Mae and Freddie Mac Become Cash Cows; Government Execs up for Millions in Bonuses; Samsung and LG Dump Millions into Faulty Tech
Fannie and Freddie Mac likely will post combined 2013 net income of more than $100 billion — more than both Exxon (XOM) and Apple (AAPL).
Is China Pushing away from Diet of U.S. Treasuries?; Meet the New Old-Boy Network; Banks Finally Draw a Line?
If China begins to unwind from U.S. debt at the same time the Federal Reserve scales back its quantitative easing, that combination could pose trouble for America.
Europe Offers Remarkable Investment Opportunities; Big Data Means Big Offerings; Enron II: Electric Boogaloo in Oil Pricing?
One of the key indicators for a renewed time to buy in Europe has been the pace of net downgrades for earnings reports.
Americans Eating their Way Back to Fiscal Health?; Chinese Investor Behaves Oddly; Green Wave Lifts Markets
Americans spent some $45.9 billion on dining out in April of this year, according to the U.S. Census Bureau. That total is a $200-million increase from the previous monthly high set in December of last year.