Markets News Regulators 

Bonds rally, euro weakens amid ECB taper talk: What’s going on?

“This is why bond yields are falling in the euro area this morning (by 2-3bps) across the board for [European government bonds]” writes Sunny Oh for marketwatch.com. In previous instances where the ECB has hinted at tapering its purchases, market participants saw a strong surge in the euro and a selloff in European bonds.The euro, meanwhile, faced selling pressure, although that was alleviated later by the dollar’s knee-jerk depreciation in response to weaker-than-expected U.S. inflation data.Read: Here’s why the rising euro is defying Mario Draghi and the ECB The plan,…

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Inflation rises to 2.2 percent in September, as hurricanes push up gas prices

“Rising inflation is welcome from the perspective of the Federal Reserve, which has been surprised by inflation running below its target for most of the year” writes Joseph Lawler for washingtonexaminer.com. Gas prices rose 13 percent in the month and accounted for three-fourths of the total monthly increase in inflation, according to the agency.On the year, energy prices are up roughly 20 percent.Core inflation, which strips out food and energy prices, held at just 1.7 percent for the fifth month in a row. Source: washingtonexaminer.com Share This:

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Policy Daily Review October 13, 2017

Policy Daily Review for October 13, 2017 Czech CB Likely To Hike Policy Rate Amid Strong Inflation The Czech central bank is likely to raise its interest rate by 25 basis points at its next meeting in early November, as inflation accelerated to a five-year high in September, Liam Carson, an economist at Capital Economics, said.   Crude Oil Prices Brace for Trump Speech on US Iran Policy Crude oil prices may rise if US President Trump signals a move away from an Obama-era deal with Iran exchanging sanctions relief…

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A ‘ridiculous mistake’ gave North Korea access to the US and South Korea’s secret war plans

“North Korean personnel reportedly attacked a South Korean cybersecurity firm and embedded themselves in the software” writes Alex Lockie for businessinsider.my. As a result, North Korea reportedly got ahold of Operation Plan 5015, the US and South Korea’s secret war plan to kill the North Korean leader Kim Jong Un.A South Korea lawmaker recently disclosed that hackers suspected to be North Korean gained access to Seoul’s highly secured military intranet in September 2016 and made off with the US and South Korea’s secret war plans.South Korea’s military used the software…

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Markets News Regulators 

Fed’s Powell: Emerging markets likely to cope with normalizing global economy

“The corporate debt situation in (emerging markets) has been worsening, particularly in China, and market reactions to even small surprises can be unpredictable and outsized,” Powell said” writes Andrew Harrer for cnbc.com. However, he cautioned that while the reaction to interest rate rises in the United States had so far been benign in emerging markets, significant risks remained.The influential Fed governor noted that while vulnerabilities in emerging markets have been rising, they remain well below crisis-prone periods in decades past, and that capital flows have been moving in line with…

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Crypto News Regulators 

Government Officials in Sweden Settle a Debt With Bitcoin

“In Sweden, two Enforcement Authority officials settled a debt by using Bitcoin” writes Jp Buntinx for livebitcoinnews.com. Now that members of the local Enforcement Authority settled a debt with cryptocurrency, things will get a lot more interesting in the country.That is a good sign for the future of Bitcoin, although nothing has been officially confirmed at this point.This is a rather surprising turn of events, even though Sweden keeps an open mind toward cryptocurrency in general. Source: livebitcoinnews.com Share This:

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Gold rises, inches closer to the key $1,300 level

“December gold GCZ7, +0.54% tacked on $5.20, or 0.4%, to trade at $1,294.10 an ounce, after trading as high as $1,299.80” writes Markets Commodities Reporter for marketwatch.com. A measured rate of interest-rate increases can be supportive for gold, which doesn’t offer a yield.Gold prices are on track to climb for four of the past five sessions, as the dollar has weakened 0.7% over the week.Gold futures rose Thursday to touch highs near $1,300 an ounce as investors read minutes from the Federal Reserve’s September policy meetings as slightly dovish, offering…

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Policy Daily Review October 12, 2017

Policy Daily Review for October 12, 2017 British Pound May Rise as BOE Credit Survey Boosts Rate Hike Bets The British Pound may rise as quarterly BOE surveys on UK credit conditions and bank liabilities point to easing funding conditions, opening the door for   COLOMBIA: Colcap Falls 0.16% After Lower IMF Projection For Country’s GDP Colcap, the main index of the Colombian Stock Exchange, fell 0.16% Wednesday, closing at 1,483.70 points due to the low performance of Bancolombia and the lower projections for the country’s Gross Domestic Product (GDP)…

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Steven Mnuchin: Trump hopes to pick Fed chairman in the next month

“Trump’s economic adviser, former Goldman Sachs president Gary Cohn, is also thought to be in the running, as are former Fed governor Kevin Warsh and current Fed governor Jerome Powell” writes Joseph Lawler for washingtonexaminer.com. President Trump is hoping to make a decision on a nominee for Federal Reserve chairman in the coming weeks, his Treasury Secretary said Thursday.Trump has reportedly narrowed down the possible nominees for the top economic policy-making spot in the world to a handful of candidates. Source: washingtonexaminer.com Share This:

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Dollar wobbles in mixed trade ahead of inflation snapshot

“The WSJ Dollar index BUXX, +0.04% which measures the buck against a wider range of currencies, was just in positive territory, at 86.44” writes Rachel Koning Beals for marketwatch.com. The U.S. dollar traded mixed against major rivals on Thursday, with the leading index a touch higher, ahead of inflation data that could bolster market expectations for a gradual tightening of U.S. interest rates.The dollar slipped against its Japanese counterpart USDJPY, -0.21%  with the dollar buying ¥112.26, compared with ¥112.49 late Wednesday.They showed consensus gelling around one more rate increase this…

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