Mario Draghi surprised the markets saying that the ECB is done on lowering borrowing costs for now. Initially the reaction on the announced plan of lower rates and to increase the bond purchases making corporate bonds eligible was negative to the Euro, but after Draghi’s speech the currency reversed and had a strong rally of […]
China will to eventually run bigger budget deficits giving not to let GDP growth fall much more and to keep its objective to reach higher per capita income – shadowing Moody’s lower credit outlook of the country’s debt. A more benign macro environment encouraged investors to buy risky assets expecting further help from Central Bankers […]
Central Banks of the G20 met last week to discuss their efforts to shore up the economies re-enforcing their will to keep stimulus measures although not being more specific about which ones and their timing. In China the PBoC today cut the reserve-ratio rates of the banks helping stock markets to recover in Europe while […]
China signaled it does not have interest to make the Yuan weaker and the FED on its minutes from the last meeting acknowledged that the recently turmoil of the financial markets will be taken in consideration on its decision of further interest rate hikes. Saudi Arabia, Russia, Venezuela and Qatar shared their thoughts of keeping […]
US job creation in January was below expected but still above the 150K mark that most economists say to be enough to keep the unemployment rate low. The increase on average hourly gains was read as a signal that the FOMC might eventually consider tightening on its March meeting as inflation shall not ease. At […]
FUNDS SHORTENING AND MACRO SHAKY On Davos last week central banks’ presidents did their job in talking about further “support” for the markets (China) and a potential new wave of liquidity easing (ECB and BoJ). The rhetoric was enough to halt the selling mode that investors were on and provoked a capitulation that drove equities […]
CHICAGO and SAO PAULO, Feb. 6 /PRNewswire-FirstCall/ — CME Group, the world’s largest and most diverse derivatives exchange, and BM&FBOVESPA, the largest exchange in Latin America, have announced that the order routing of CME Group products through BM&FBOVESPA’s GTS electronic trading platform is scheduled to begin Monday, February 9. (more…)
The Brazilian Mercantile & Futures Exchange-BM&F SA ended its Initial Public Offering (IPO) process with the participation of 260,946 investors. All of the 299,184,846 common shares offered to the market were sold. This figure includes 39.02 million common shares to cover over-allotments. The IPO generated BRL5.983 billion, absorbed in its totality by the selling shareholders. […]
The Brazilian Mercantile & Futures Exchange (BM&F) traded a record-breaking 8.817 million mini futures contracts in 2006. In 2005, this total amounted to 1.013 million. For 2007, BM&F plans to launch a new mini futures contract for gold. Currently, the Exchange has a portfolio of four mini futures contracts available to its investors: Live Cattle, […]
