Hints and tips:
...Here are the firms that will represent irate holders of Credit Suisse’s AT1 bonds, which were nuked by the Swiss authorities when they forced Credit Suisse into the arms of UBS: United States — Wollmuth Maher...
...“The unlawful action of Finma has had devastating consequences on thousands of retail and small investors globally,” said Dennis Hranitzky, head of Quinn Emanuel’s sovereign litigation practice....
...The boys are with Bernie,” Ms Steinem told Bill Maher, the TV host. She later apologised for her comment....
...Daragh Maher, currency strategist at HSBC, said: “This is a top-tier week. Everything that builds up towards non-farm payrolls is going to be significant....
...Daragh Maher at HSBC says that probability has fallen from better than even to around one in three....
...the end of tapering and the first rate increase] might only be six months caught the market by surprise, and unless the Fed backtracks, this should provide further support for the dollar,” said Daragh Maher...
...Daragh Maher at HSBC agrees that the dovish monetary policy stance maintained by both the ECB and BoE will limit further gains for the euro and sterling....
...“If the Fed pulls the trigger on QE then the sell-off in the dollar is justified and we are likely to see more of the same to come,” said Daragh Maher at Crédit Agricole....
...“The bullish reaction of the dollar to a more cautious tone from President Obama and his advisers over the weekend suggest the currency remains positively correlated with risk aversion,” said Daragh Maher...
...“The focus has moved from conventional interest rate policy to initiatives such as quantitative easing, fiscal stimulus and initiatives to shore up the banking system,” says Daragh Maher at Calyon....
...Daragh Maher at Calyon said: “A step closer to the end of the year brings us a step closer to parity, the simplistic argument being that UK rates are lower than the eurozone’s and that the UK economy has...
...“The question is whether the slowdown in the US, UK and eurozone will be sufficiently pronounced to encourage an easing in policy later this year,” said Daragh Maher at Calyon....
...Daragh Maher at Calyon said: “This will be a concern for a central bank targeting 2 per cent inflation....
...how the UK consumer is buckling under the combined effects of rising food and energy bills, increasing credit costs, flat wages and negative wealth effects from housing and equity markets,” said Daragh Maher...
...Daragh Maher at Calyon said that if the minutes discuss concerns over inflation, then expectations over additional easing could be tempered as ”normality” in financial markets appears to be returning and...
...“This has got the market wondering whether the monetary policy committee might be tempted into a rate cut in November,” said Daragh Maher, at Calyon....
...Daragh Maher at Calyon said: “The market will quickly look for action at the November meeting.”...
...upside surprise on CPI should ensure that sentiment towards sterling remains bullish and that the market remains fully priced for more action from the Bank of England in the coming months,” said Daragh Maher...
...Daragh Maher at Calyon said that there was nothing in the data that would prompt the Bank to revise its forecasts....
...Daragh Maher, strategist at Calyon, said: “The BoJ is unlikely to follow up the hike with swift action which means the yen will not enjoy some of the rate-related speculative support that has been evident...
...Daragh Maher at Calyon said that rate increases were likely in the first quarter next year, but the BoJ needed to justify the timing....
...The numbers were a surprise, considering that the manufacturing Purchasing Manager’s Index had remained comfortably in expansion territory over the past few months, said Daragh Maher, strategist at Calyon...
...However, Daragh Maher at Calyon sounded a note of caution: “The hawkish shift in interest rate expectations will likely take another small step, but the reaction at the Bank of England, by contrast, is likely...
...“It is questionable whether [the deficit] will be sufficient to shift the market focus away from the dollar positive interest rate dynamic,” said Daragh Maher, at Calyon, an investment bank....
...“This is not to say a move is imminent,” said Daragh Maher at Calyon Corporate and Investment Bank....
International Edition