Most investors probably never expected that it would never come to this. With only days remaining until the day the government coffers supposedly go dry, a deal to avoid a default remains elusive (one would suspect the August 2 date is at least 72 hours or so in advance of a hard deadline). The back and forth negotiations in an increasingly tense debt ceiling standoff have captured the attention of Wall Street and investors around the globe, and the negotiations in Washington figure to be a primary driver of global financial markets in coming days. [click to continue…]
Inflation has been a particularly frustrating topic in recent months. Despite widespread predictions for a surge in CPI in the wake of unprecedented injections of liquidity into global financial markets, upward pressure on prices has not yet materialized–at least not in many developed markets. The prospect of what seems to be an inevitable outcome has [...]
Deutsche Bank rolled out the latest additions to an ETP lineup that is rapidly approaching 1,300 on Thursday, debuting five ETFs that offer exposure to international equity markets while stripping out the impact of fluctuations in value of the U.S. dollar and non-U.S. currencies. Each of the new products are linked to MSCI indexes, offering [...]
PowerShares and Deutsche Bank have rolled out two exchange-traded notes that give investors additional options for expressing their outlook on the performance of the U.S. dollar against its major developed market rivals. The two new ETNs are linked to an index that consists of U.S. Dollar Index Futures, which reflect the performance of the greenback [...]
Though the recent tax agreement between the Obama administration and Congressional Republicans was hailed as an historic compromise, there is no shortage of politicians and organizations–from both the left and the right–expressing frustrations with the accord. In addition to extending the Bush-era tax cuts for an additional two years, the deal signed into law last [...]
As the economy continues to flat-line, many investors have forsaken investments in the United States for higher growing economies in emerging nations around the world. Growth levels in many of these countries continue to impress–in excess of 8% in some instances–and are attracting significant amounts of capital away from developed markets which have struggled to [...]
The global economic recovery that began in March 2009 has, at times, seemed too good to be true. Despite continually-rising unemployment rates, government balance sheets pointing towards insolvency, and a lack of truly convincing earnings reports, equity markets climbed continually higher. After last week, it seems that those fears weren’t baseless after all, as crumbling [...]
For a nation that is home to just over 11 million people and the world’s 33rd largest economy, Greece sure has had a significant impact on global equity markets over the last year. Mounting government debt and declining tax revenues have forced Greek officials to take drastic measures to avoid defaulting on obligations, and sparked [...]
by Eric Dutram on December 10, 2009 | Updated June 9, 2010
The steady decline of the U.S. dollar has been one of the major stories of the second half of 2009, with a “perfect storm” of economic conditions sending the greenback to new lows against many of its major rivals. While a declining dollar isn’t nearly the problem that some make it out to be – [...]
Last week, Deutsche Bank announced that it will increase the fees of seven PowerShares exchange-traded funds, citing “increased costs of managing the Funds due to changing regulatory requirements.” The changes will be effective beginning January 4, and will affect five commodity funds and two currency products.
Over the last several months, a perfect storm has been brewing over the U.S. dollar, with record low interest rates, a still unstable financial system, and uncertainty over reserve currency status all contributing to a prolonged slide in the greenback against its major rivals. But those who subscribe to the Warren Buffett investment philosophy of [...]
