Barron’s
February 8, 2016
Fed Chair Janet Yellen’s testimony on the economy before a House committee this Wednesday will be scrutinized for clues on interest rate hikes.
Haver
February 5, 2016
Nonfarm payrolls increased 151,000 during January following gains of 262,000 during December and 280,000 in November. Revisions subtracted a net 2,000 jobs in these two months. Expectations had been for a 198,000 rise in the Action Economic Forecast Survey. The unemployment rate declined to 4.9%, its lowest level since February 2008. Expectations had been for stability at 5.0%.
Haver
February 1, 2016
Activity in the factory sector continued to contract in January for the fourth consecutive month. The ISM Composite Index of factory sector activity of 48.2 compared to 48.0 in December, revised from 48.2. The reading roughly equaled expectations for 48.0 in the Action Economics Forecast Survey.
Bloomberg
February 7, 2016
The successful move to negative interest rates by central banks around the world may lead the Federal Reserve to consider the policy in case of a crisis, analysts at Bank of America and JPMorgan Chase say. About 13% of traders expect the Fed to adopt negative rates by the end of 2017, Bloomberg data indicate.
Bloomberg
February 3, 2016
Falling prices in the eurozone's manufacturing and services industries have increased the likelihood of further stimulus from the European Central Bank in March, according to Markit Economics. "Most worrying of all from a policymaker's perspective is the intensification of deflationary pressures," Markit Chief Economist Chris Williamson said.
Xinhuanet.com (China)
February 7, 2016
Forbes
Sunday, February 7, 2016
February 8, 2016
South China Morning Post (Hong Kong)/Bloomberg
China's foreign exchange reserves fell $99.47 billion in January to $3.23 trillion, the People's Bank of China said. The $107.9 billion drop in December was the biggest one-month drawdown in China's forex reserves ever recorded.
Bloomberg
January 31, 2016
Markets sent Japan's government-bond yields to record lows across all maturities after the Bank of Japan voted to take a key interest rate negative. "Eventually, a subzero yield on 10-year bonds will come into sight," said Shuichi Ohsaki of Bank of America Merrill Lynch.
BBC
February 4, 2016
The Telegraph (London)
Thursday, February 4, 2016
February 4, 2016
The Wall Street Journal
February 4, 2016
The Associated Press
The Bank of England Monetary Policy Committee has voted unanimously to maintain a benchmark interest rate of 0.5% and has shrunk its outlook for 2016 economic growth to 2.2%, from 2.5%. "As one of the most open economies in the world, the UK cannot help but be affected by an unforgiving global environment and sustained financial-market turbulence," BoE Governor Mark Carney said. "However, our prospects for a continued solid expansion are underpinned by the resilience built over the past seven years."
Barron’s
February 8, 2016
The suddenly strained circumstances of oil exporters are making them recycle their petrodollars in reverse, selling stocks and bonds of Western nations that they had accumulated in the past in a kind of vendor financing.
Barron's
February 8, 2016
Oil could fall as low as $20 a barrel in the first half of this year, recovering to $55 by year end. That could help drive stocks, which have closely followed oil prices, much higher.

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