Ford Motor Company (F) reported a profit of $13.62 billion, or $3.40 per share in the fourth quarter, representing the eleventh straight quarter of...
Earnings Roundup: F, PG
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Dollar comes under renewed pressure as short end of US Yield curve sheds gains
The short end of the US Yield curve is shedding some of the gains seen since the Payroll report, with Dec Eurodollar futures rising by around 14 basis points so far this morning as the market moves away from expecting early US rate hikes. Some quite horrible weekly Redbook sales data, down 4.4% y/y...
Rick Santelli calls out Geithner
Some refreshing skepticism from Rick Santelli on CNBC; he calls out Treasury Secretary Geithner for saying that the US is not monetizing its debt. He falls back on the idea that the Fed is strong and independent, so the government is not calling the shots, instructing the Fed to buy the debt. But...
WHO raises pandemic level to Six: Swedish health min
The World Health Organization has raised its pandemic warning level to six on a scale of 1-6, according to the Swedish health ministry Reuters reports. This could lead to some risk aversion if it leads to travel cut backs, etc. Risk aversion is the farthest thing from the markets mind as stocks,...
Indonesia cbank end-Oct forex reserves above $64 bln
JAKARTA, Nov 3 (Reuters) - Indonesia's central bank deputy governor Hartadi Sarwono said on Tuesday the country's foreign exchange reserves were estimated at more than $64 billion at the end of October, up from $62.3 billion at the end of September. 'The factors which pushed up forex reserves were...
Central Bank of Russia Cuts Rate 25bps to 8.00%
The Central Bank of Russia dropped its benchmark refinancing rate by 25 basis points to 8.00%. The Bank said: “The...