Marc Chandler | TalkMarkets | Page 284
Political Economist
Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks. Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. ...more

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Great Graphic: The Euro And Commodity Prices
This Great Graphic, constructed on Bloomberg, shows the CRB Index (white line) and the euro (yellow line) over the past six month. It is not meant to imply a causal relationship; as in weaker commodity prices cause the euro to fall.
Month-end Consolidation Featured Ahead Of Next Week's Key Events
Month-end and quarter-end hedge and portfolio adjustments are notoriously difficult to predict. There is also large option expires today. Given the EU Summit this weekend, a holiday in the US on Monday, and no fewer than five central bank meetings among the high-income countries next week ...
Europe Drives Capital Markets
There is one overriding driving force in the capital markets today, and it is Europe. The data, preliminary inflation, M3, and sentiment surveys are all read with an eye toward next week's ECB meeting
Great Graphic: Where European Banks Are Lending
The ECB reports money supply and new lending figures tomorrow. The central bank has acknowledged that there are preliminary signs that credit extension to households and businesses have begun improving.
Great Graphic: Underemployment
A larger share of the population is working and five day work weeks and less than eight hours a day is the norm. Many of our parents, grandparents and great-grandparents were engaged a fight to reduce the work week.
Dollar Slips, While Bond Market Rally Continues
The dollar is trading a little below levels seen in late North American session yesterday, but that is after it initially extended its gains in Asia.
Today Is About Politics And US Durable Goods Orders
The US dollar is little changed. The consolidative tone, however, does not hide the fact that, despite the stretched technical conditions, participants are still buying the slightest dollar pullback.
Great Graphic: Currency Volatility Firming
he low volatility in the currency markets has frustrated speculative investors, and dampened activity. However, as this Bloomberg-generated Great Graphic shows, implied volatility has begun firming.
Great Graphic: Intl Comparison Labor Costs Per Employee
The major central banks seem to agree that wages need to rise. Usually, to the extent central banks address the issue, they traditionally have cautioned against large pay increases.
The Week Ahead
Three drivers are evident: the initial conditions of the markets, the data and geopolitics. By initial conditions, we refer to the recent price action in the capital markets. Stock and bond markets remain firm.
Dollar Pares Initial Gains, French Government Implodes
The US dollar is narrowly mixed. It opened Asia broadly higher in sloppy start of the session, which may have been linked to a technical glitch that led to a four-hour delay of the electronic futures trading.
Short Note Ahead Of The Double Feature From Jackson Hole
There is one focus today, and it is Yellen and Draghi's speeches at Jackson Hole. Ahead of it, the markets lack fresh inspiration. The US dollar has been confined to about a third of a big figure against the major currencies.
Great Graphic: Relative Performance Real And Anticipated
This Great Graphic was created on Bloomberg. It shows three major equity indices indexed to a year ago.
Greenback May Lose Some Momentum Ahead Of Yellen Tomorrow
The US dollar remains firm, but the upside momentum may slow ahead of Yellen's speech at Jackson Hole tomorrow.
Great Graphic: Mutual Fund Flows According To ICI
A snap shot of flows into long-term mutual funds (which excludes money market funds). It also does not include exchange traded funds or mutual funds that invest primarily in other mutual funds.
EMU External Account Reviewed
The euro area reported its current and financial accounts for the month of June. Combined they make up the balance of payments.
4529 to 4544 of 4592 Posts