Posts from Thursday Feb 21 2013

The Closer

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

Learn more

| Subscribe to Joseph's posts
| Feb 21 22:41 | Comment |

ROUND-UP

US stocks down for the second day in a row. The S&P 500 fell 0.6 per cent, closing at 1,502.42, after poor data from both Europe and the US, where initial claims and the Philly Fed survey both cast a pall (Reuters). Read more

A Bumi rush

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

Learn more

| Subscribe to Joseph's posts
| Feb 21 17:24 | Comment |

Good news for Sir Richard Gozney (KCMG, CVO, KStJ), who will be joining the board of Bumi after Thursday’s shareholder vote.

Not so good news for Nat Rothschild. Read more

A blinking red light

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.

Learn more

| Subscribe to David's posts
| Feb 21 15:52 | Comment |

That’s Citi’s risk-warning signals beginning to spike over the past couple of weeks and especially over the last day or two. From Citi’s Steven Englander: Read more

ECB transparency, €100bn of Italian bonds edition

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

Learn more

| Subscribe to Joseph's posts
| Feb 21 15:00 | Comment |

Click to enlarge — details (finally) of the sovereign bonds held by the European Central Bank’s inactive Securities Markets Programme, released on Thursday: Read more

Simplified finance by the ONS

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.

Learn more

| Subscribe to David's posts
| Feb 21 12:21 | Comment |

We tried to explain the QE surplus ‘raid’ before but never approached the crystal clear clarity of Thursday’s ONS release on the treatment of cash transfers from the BoE to the Treasury (the release of which accompanies the news that public finances improved in January although they were flattered by such transfers): Read more

Markets Live: Thursday, 21st February, 2013

Paul Murphy is the founding editor of FT Alphaville.

Learn more

Subscribe to Paul's posts
| Feb 21 11:01 | Comment |
This is a Markets Live transcript. Read more

Live markets commentary from FT.com 

The (early) Lunch Wrap

Masa joined the FT in 2009 and has worked on a number of desks across the paper, including Companies, Markets and Comment. She spent much of 2010 in New York covering the US equity markets. But earlier this year she finally saw the light and moved to Alphaville.

She started her career in the investment banking division at Lehman Brothers in the summer of 2007, timing it perfectly with the beginning of the credit crunch.

She studied philosophy, politics and economics at Oxford University.

Learn more

Subscribe to Masa's posts
| Feb 21 10:47 | Comment |

Fed doubtful on open-ended QE3 policy || January public finances in surplus after tax receipts || US moves to fight corporate cybercrime || China and economy to direct Abe US talks || Google to debut Chrome for touchscreens || 800,000 Pentagon staff face unpaid leave || Russia’s missing billions revealed || Markets: Growth-focused asset prices are stumbling on Thursday morning Read more

Tax avoidance: it’s close to home

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.

Learn more

| Subscribe to Lisa's posts
| Feb 21 10:44 | Comment |

FT Alphaville, by means of thorough research conducted long through the night on reddit, has discovered a most cunning and convoluted attempt to avoid taxes… Read more

From bubbles to wobbles

Paul Murphy is the founding editor of FT Alphaville.

Learn more

Subscribe to Paul's posts
| Feb 21 10:25 | Comment |

Western markets were all a-jitter on Thursday. Obviously we can blame the Fed. Bickering between central bankers just doesn’t look good, whether they are American, British or continental Europeans.

An immediate question is raised: are we witnessing the end of ‘fast and loose’ policy? The quick answer is probably ‘not yet,’ although yes, it will end, and maybe sooner than some had come to assume. This presents a fresh challenge for policy markets, as noted by Lloyds’ Charles Diebel: Read more

Unstable commodities

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.

Learn more

| Subscribe to Izzy's posts
| Feb 21 09:07 | Comment |

Nymex WTI futures trade experienced somewhat of a wobble on Wednesday.

As Stephen Schork highlights in his chart of the day: Read more

Further reading

| Feb 21 08:10 | Comment |

Elsewhere on Thursday,

- A gift of the gab?

- Banks on borrowed money.

- Russia’s “well organised” capital flight. 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.

Learn more

| Subscribe to Kate's posts
| Feb 21 05:49 | Comment |

Asian markets fall after FOMC minutes || China talks of more property curbs || US Congress to target Target2 Iran-linked transfers || RSA investors unhappy at dividend cut || FSA’s Libor report coming soonish || Foxconn hiring freeze hurts Apple shares || Questions after Sony PS4 announcement || Fed wants to expand beyond primary dealers  Read more