Posts from Friday Oct 5 2012

September payrolls 114,000, unemployment rate drops to 7.8%

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Oct 05 2012 13:34 | Comment |

FINAL UPDATE:

Today’s jobs report was mostly consistent with other recent economic indicators that suggest a steadily, if not impressively, growing US economy. Read more

Markets Live transcript 5 Oct 2012

Bryce is the FT's UK equities reporter.

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| Oct 05 2012 11:00 | Comment |
This is a Markets Live transcript. Read more

Live markets commentary from FT.com 

Join Andy Haldane on October 29th

| Oct 05 2012 10:48 | Comment |

Here’s a talking point: “Socially useful banking.”

As luck would have it, Lisa Pollack has been invited to chair a discussion on this very topic, featuring none other than FT Alphaville favourite, Andy Haldane. (Mr Haldane is the Bank of England’s executive director for financial stability but you knew that.) Read more

The (early) Lunch Wrap

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Oct 05 2012 10:40 | Comment |

Morgan Stanley chief warns on Wall St pay: Morgan Stanley is preparing to wield its axe again with more job cuts and smaller bonuses planned for next year as the investment bank attempts to boost shareholder returns. James Gorman, chief executive, has said that staff and remuneration would have to be sacrificed as banks cope with lower profits.  Read more

An Indian flash crash

David joined the FT in 2011 as a Marjorie Deane fellow. He covered emerging markets, equities and currencies before making the jump over to FT Alphaville in May 2012.

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| Oct 05 2012 09:55 | Comment |

See if you can spot it (chart of the Nifty from Google Finance):

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Investing in credit markets, with matrices

Lisa joined FT Alphaville in September 2011 after a tour of duty through the guts of the financial industry, having worked as an analyst at a bank and for a financial data company.

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| Oct 05 2012 08:57 | Comment |

Where’s an investor to start when it comes to assessing the credit market? Hard-nosed analysis from the top down and/or bottom up? Relying on quantitative factors or more subjective factors?

The credit strategy team at Citi start with four areas of examination that they arrange in a convenient 2×2 matrix when required to explain what they are up to by the outside world: Read more

Further reading

Paul Murphy is the founding editor of FT Alphaville.

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| Oct 05 2012 08:02 | Comment |

Elsewhere on Friday,

- The high rent version of subprime.

- No, not just more Bernanke bashing.

- The B Team (where “B” is for Branson). Read more

The 6am Cut London

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Oct 05 2012 05:22 | Comment |

Asian stocks gained overall on Friday, but Japanese markets were lower and the yen rallied after the Bank of Japan held off from adding to stimulus. (Bloomberg)

Samsung profits rose 85%, beating estimates: Samsung Electronics reported a record quarterly operating profit of $7.3bn, nearly double last year’s figure, as strong sales of high-end TVs and Galaxy smartphones more than offset reduced orders for chips and screens from Apple. Read more