Tag Archives: Credit Conditions

Asian stocks rose lifted by commodity names; European equities trade mostly lower but with little in the way of conviction or firm direction while the Italian banking index is at the highest level in a year following domestic earnings; S&P index futures are modestly in the red after the cash market closed at a record high Wednesday and investors prepared for earnings from retailers; we expect the now general vol selling program to promptly lift the S&P into new all time highs minutes...

Banks see QE and negative deposit rates as contributing to lending volumes—but also hurting their net interest income. Released on 18 October, the ECB’s third-quarter Bank Lending Survey– the first one to fully capture the effects of the 23 June Brexit referendum – remained broadly consistent with improving credit conditions. The BLS is of special significance in the current environment where commercial banks remain under a lot of pressure from all sides, whether from regulation,...

With oil losing some of its euphoric oomph overnight, following the API report of a surge in US oil inventories, and a subsequent report that Iran's oil minister would skip the Doha OPEC meeting altogether, the global stock rally needed another catalyst to maintain the levitation. It got that courtesy of the return of USDJPY levitation, which has pushed the pair back above 109, the highest in over a week, as well as a boost in sentiment from the previously reported Chinese trade data where...