Sunday, March 15, 2015


  • European stock funds attract $5.2 billion in ninth straight week of inflows 

  •  (Reuters) - Investors in U.S.-based funds pulled $1.8 billion out of taxable bond funds in the week ended March 11 on increased expectations that the Federal Reserve will hike interest rates... 

  •  More than 5 million renters say they're likely to buy a home in the next year, according to the Zillow (US)Housing Confidence Index (Zillow) 

  • US access to mortgage credit has improved significantly, and is roughly two thirds of the way back to 2002 pre-crisis levels. 

  • South Korea's central bank cut its benchmark interest rate by 25 basis points to an all-time low of 1.75% 

  •  The U.S. Fed rejected the capital plans of two large banks, the American units of the Deutsche Bank and Banco Santander, due to their "qualitative" deficiencies including ability to model losses and identify risks. 
  •  All U.S. major banks passed the Fed stress test 

  •  The British economy grew by 0.6 percent in the three months to the end of February 

  •  U.S. wholesale inventories unexpectedly rose 0.3 % in January as sales recorded their biggest decline since 2009, lifting the number of months it would take to clear warehouses to its highest level in more than 5-1/2 years. 

  •  The U.S. added 295,000 jobs in Feb. as the unemployment rate fell to 5.5 %, lowest since 08, but youth unemployment is rising.For those aged 20-24 years old it was 10% in February – up from 9.8% in January 
  •  Unfilled job openings at small businesses reach 9-year peak. Around 29% of small-business owners say they have at least one job opening that they could not fill, Bloomberg reports. That is the highest that number has been since March 2006, and one of the highest numbers seen in 40 years. 

  •  Germany's annual inflation got out of its negative territory and stood at 0.1 % in February 

  • According to the second estimate from the U.S. Commerce Department the economy expanded at a 2.2 % annual rate in Q4 of 2014, revised down from the previous estimate of 2.6% 

  •  Japan's CPI rose 2.2 % YoY in January, marking the 20th consecutive monthly growth. 

  •  Iron Ore at the lowest price since 2009 as China tackles overcapacity and pollution 

  •  China’s premier Li Keqiang cut the nation’s growth target to “around” 7% , reiterating the need to pursue reform as development slows and the likelihood of tougher times ahead for the world’s second largest economy. 

  •  The Warming World: Is Capitalism Destroying Our Planet? Since 1880, when global temperatures began to be systematically collected, no year has been warmer than 2014. The 15 warmest years, with one single exception, have come during the first 15 years of the new millennium. Indeed, it has become an open question as to whether global warming can be stopped anymore -- or at least limited as policymakers have called for. Is capitalism ultimately responsible for the problem, or could it actually help to solve it?