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Markets live transcript 26 Sep 2008

Sep 26 11:01
by Paul Murphy
Comment
(282 comments)

Markets live chat transcript for the chat ending at 12:11 on 26 Sep 2008. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)
PM:
Hi 
 
PM:
Welcome to ML form AV 
  More…

Here come the dollar bills…

Sep 26 07:56
by Paul Murphy
Comment
(3 comments)

From the Fed on Friday:

Central banks have been employing coordinated measures designed to address the pressures in global money markets. Most recently, central banks have acted together to inject dollars into the overnight markets. More…

It’s official: Eurozone falls into recession

Sep 24 08:07
by Gwen Robinson
Comment
(1 comment)

We know it’s an increasingly common way to start reports on anything other than yet-another-takeover or collapse of a US financial institution, but we have to say it. On a “normal” news day, this story might have warranted a front page headline: More…

CDS update: Rally loses steam

Sep 18 19:06
by FT Alphaville
Comment

This CDS report was written by Markit’s Gavan Nolan

The rally in credit spreads lost steam today as the pessimism surrounding the financial sector proved hard to shake off. Investors were encouraged initially by the world’s major central banks taking coordinated action. More…

Markets live transcript 18 Sep 2008

Sep 18 11:01
by Paul Murphy
Comment
(241 comments)

Markets live chat transcript for the chat ending at 12:46 on 18 Sep 2008. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)   PM:Welcome to Markets Live    PM:This is FT Alphaville’s daily market chat  More…

Full Bank of England statement

Sep 18 08:16
by Paul Murphy
Comment
(3 comments)

Today, the Bank of Canada, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan and the Swiss National Bank are announcing coordinated measures designed to address the continued elevated pressures in US dollar short-term funding markets. More…

Markets live transcript 16 Sep 2008

Sep 16 11:01
by Paul Murphy
Comment
(245 comments)

Markets live chat transcript for the chat ending at 12:18 on 16 Sep 2008. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)   PM:Welcome to Markets Live    PM:    More…

Central banks act, all eyes on Fed

Sep 16 05:40
by Gwen Robinson
Comment

The Federal Reserve is likely to hold interest rates at its policy meeting Tuesday, despite speculation it would follow Sunday’s dramatic easing of the terms on which it lends to investment banks with a rate cut, More…

CDS update: another Black Monday?

Sep 15 17:03
by FT Alphaville
Comment
(2 comments)

This CDS report was written by Markit’s Gavan Nolan.
The first weekend of September was one of high drama, with the government bailing out the GSEs Fannie Mae and Freddie Mac. But it was surpassed with ease by yesterday’s events. More…

The Lunch Wrap

Sep 15 12:06
by Tracy Alloway
Comment
(1 comment)

This morning on FT Alphaville,

- At noon (BST): FTSE -5.23%; FTSE Eurofirst -5%; DAX -4.2%; CAC -5.2%

- Full coverage of financial market meltdown at FT Alphaville.

- Lehman Brothers, 26 posts and counting. More…

Markets live transcript 9 Sep 2008

Sep 09 11:02
by Paul Murphy
(58 comments)

Markets live chat transcript for the chat ending at 12:03 on 9 Sep 2008. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)
PM:
Welcome to Markets Live 
 
PM:
This FT Alphaville’s daily markets chat.  More…

Your credit’s no good here - the FSA moves on Mayfair

Sep 08 13:15
by Tracy Alloway
(8 comments)

Dentists and Body Shop staff are not the only ones who need beware the FSA now. Britain’s financial watchdog is setting its sights a little higher — on the credit market, to be exact.

Steven Harrison, More…

Markets live transcript 5 Sep 2008

Sep 05 10:59
by Paul Murphy
(69 comments)

Markets live chat transcript for the chat ending at 12:07 on 5 Sep 2008. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)   PM:Ok – welcome to Markets Live    PM:10.59  More…

How do you value British banks?

Sep 05 10:08
by Paul Murphy
(2 comments)

The market clearly doesn’t know.

As of mid-morning on Friday, Barclays had fallen 14 per cent since the ECB confirmed on Thursday afternoon that it would substantially tighten the collateral terms and haircuts for its various lending operations. More…

Pink Picks

Sep 05 07:15
by Gwen Robinson

Comment, analysis and other offerings from Friday’s FT:

The Short View, video: The smiling dollar
John Authers examines the reasons behind the recent performance of the greenback.

Comment: Martin Wolf: More…

Banks reel as ECB shifts funding rules

Sep 05 05:41
by Gwen Robinson

Bank stocks in Europe and the UK fell sharply and the risk of owning their debt leapt on Thursday after the ECB declared a crackdown on abuses of its bank liquidity operations. Jean-Claude Trichet, ECB president, More…

Bank of England, ECB, hold rates

Sep 05 05:38
by Gwen Robinson

The Bank of England’s Monetary Policy Committee voted on Thursday to hold interest rates steady at 5.0%, helping sterling recover some of its recent losses against the euro and the dollar. The move to hold rates for the fifth month in a row had been widely expected, More…

Bank run

Sep 04 16:40
by Sam Jones
(21 comments)

HBOS - 7.5%
BARC - 5.8%
LLOYDS - 5.5%
RBS - 4.5%
STAN - 4.5%

The ECB has boosted the haircut on its emergency funding facility. The rumour that it would was doing the rounds yesterday.

It’s perhaps the first big signal that the central bank cash-flow spigot is being turned off. More…

Markets live transcript 4 Sep 2008

Sep 04 11:02
by Paul Murphy
(92 comments)

Markets live chat transcript for the chat ending at 12:06 on 4 Sep 2008. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)   PM:Ok – welcome to Markets Live    PM:This is FT Alphaville stock knock about.  More…

Further reading

Sep 04 07:45
by Sam Jones

Elsewhere on Thursday,

- What is the US economy based on?

- Last pillar of US economy - exports - set to fall?

- “Real interest rates are high.”

- ECB may keep rates at seven-year high to fight inflation. More…

Markets live transcript 3 Sep 2008

Sep 03 11:02
by Paul Murphy
(92 comments)

Markets live chat transcript for the chat ending at 12:05 on 3 Sep 2008. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)   PM:Welcome to Markets Live, FT Alphaville’s daily markets discussion.  More…

Coming soon - principled SWFs

Sep 03 09:28
by Tracy Alloway
(1 comment)

Not GAAP but GAPP for the world’s sovereign wealth funds.

The International Working Group of Sovereign Wealth Funds said yesterday it had reached an agreement with members on “Generally Accepted Principles and Practices” More…

Markets live transcript 2 Sep 2008

Sep 02 11:02
by Paul Murphy
(112 comments)

Markets live chat transcript for the chat ending at 12:05 on 2 Sep 2008. Participants in this chat were: Paul Murphy (PM) Neil Hume (NH)   PM:Welcome to Markets Live    PM:This FT Alphaville’s daily markets chat.  More…

Pink Picks

Sep 01 07:40
by Gwen Robinson

Comment, analysis and other offerings from Monday’s FT:

Lex: Private equity subdued
The end of private equity’s Golden Age was not supposed to be this bad, says Lex. Dividend recaps, where private equity firms took money out of an acquired company within days of closing a deal, More…

Beijing: Rmb rise ‘less necessary’

Sep 01 05:21
by Gwen Robinson

China does not need to accelerate the appreciation of the renminbi against the US dollar, according to Cheng Siwei, vice-chairman of the standing committee of National People’s Congress, an influential voice in Chinese economic policy making. More…

Pink Picks

Aug 28 08:04
by Gwen Robinson

Comment, analysis and other offerings from Thursday’s FT:

The Short View: Too soon to call an end to the housing crisis
For a very pleasant change, this week’s US housing data is ground for some relief. More…

Lehman’s CMBS trouble

Aug 27 12:11
by Sam Jones

More information on the putative Lehman commercial MBS sale. From Bloomberg:

Lehman Brothers Holdings Inc. may set up a company funded by outside investors to buy some of its mortgage assets, aiming to dispel concern the firm faces crippling losses, More…

Pink Picks

Aug 27 07:45
by FT Alphaville

Comment, analysis and other offerings from Wednesday’s FT:

Comment: How to shore up America’s crumbling housing market
This is a difficult problem and there are no easy solutions, writes Martin Feldstein. More…

First Reserve in nuclear venture

Aug 26 05:03
by Gwen Robinson

First Reserve, the US private equity group specialising in energy, will this week unveil plans to invest hundreds of millions of dollars in a nuclear fuel venture headed by two uranium industry veterans. More…

Lunch Wrap

Aug 22 12:09
by Sam Jones

On FT Alphaville this morning,

- Return of the short financials/long commodities punt?

- B&B’s stick: no-one wants to buy the bungle-bank. Except other banks.

- Charting stressed banks.

- Markets vs. More…