puricassarag

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So far puricassarag has created 183 blog entries.

April 2018

Economic Outlook – 15 April 2018

2018-04-15T18:30:09+00:00

US Those who were hoping for signs of firming inflation were not disappointed. The inflation celebration was kicked off on Tuesday with the release of March’s producer price index (PPI), which rose 0.3% ahead of expectations for a 0.1% gain. Besides the energy component, all major sub-sectors saw prices rise last month. Moreover, this now [...]

U.S. & China Trade Tariffs: An Escalating Situation

2018-04-09T10:51:23+00:00

On Tuesday 3rd April, the U.S. released its initial list of 1,333 Chinese products that would be subject to a 25% tariff of roughly $50 billion. This includes products such as raw materials, construction machinery, agricultural equipment, electronics, medical devices and consumer goods. There will be a 60-day comment period, during which time businesses and [...]

Economic Outlook – 8 April 2018

2018-04-08T21:38:49+00:00

US The March employment report marks another solid month of gains. The shortfall in employment growth was mostly due to swings in construction and retail payrolls. Construction payrolls added 65,000 jobs in February, which was driven by unseasonably mild weather, particularly in California. March saw the return of winter weather in the Northeast and a [...]

March 2018

Economic Outlook – 25 March 2018

2018-03-25T20:11:00+00:00

US The Fed raised the upper bound limit one quarter of a percentage point to 1.75% on Wednesday in a widely expected move, despite less than positive data in Q1. Business fixed investment and household spending moderated from Q4, the policy statement acknowledged, but an upgrade to labor market conditions encouraged the FOMC. The decision [...]

Are Quant Hedge Funds Suffering?

2018-03-20T22:52:01+00:00

In recent years, large segments of hedge funds had been struggling with poor performance, thanks to the low volatility environment we had been seeing in the markets. This was even beginning to lead to a lot of client fund redemptions. However, in February we finally saw volatility make a dramatic shift and move heavily upwards. [...]

Economic Outlook – 18 March 2018

2018-03-19T07:27:41+00:00

US Retail sales edged down 0.1% in February, with broad-based declines in a number of categories. Excluding auto sales, total sales rose 0.2%. The closely watched control group, which feeds into the calculation for GDP, rose a modest 0.1% for the month following a flat reading in January. Much like the business investment sector, a [...]

Economic Outlook – 11 March 2018

2018-03-12T01:06:06+00:00

US Employment growth strengthened in February with businesses adding 313,000 new jobs. That pushed the three-month average up to 242,000 after a net of 54,000 jobs also revised job gains in December and January higher. Strength was widespread across industries, including gains of 50,000 in retail, 28,000 in financial services and 61,000 in construction, which [...]

Economic Outlook – 4 March 2018

2018-03-04T08:50:51+00:00

US US factory sector data released this week showed another divergence between the “hard” and “soft” data. On the hard data front, private equipment spending looks to be cooling after increasing at a double-digit pace in the third and fourth quarters of 2017. Durable goods orders fell 3.7% in January, with much of the decline [...]

February 2018

Last Look

2018-02-27T00:00:25+00:00

Last week the British Investment Association issued guidelines that will address concerns about the transparency of forex trading, particularly with the use of ‘Last Look’. This is something that asset managers had been complaining about, since it potentially means banks can misuse trade information to gain an unfair advantage. This also means asset managers cannot [...]