Weekly Global Financial News (Oct 13-Oct 19)

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Getting used to the ‘new mediocre’, Published: Oct 19

http://reut.rs/1okWtMr

With the Fed set to turn off its money taps at the end of this month, Evaporating inflation and slowing growth have put financial markets into such a spin, something International Monetary Fund chief Christine Lagarde has termed a “new mediocre”.

 

ECB eyes extra funding for Greek banks as Athens markets plunge, By Reuters, Published: Oct 16

http://reut.rs/1wqJ0U4

The European Central Bank will loosen its terms for accepting security from Greek banks to allow them to tap more of its funding. This will provide a powerful incentive for Athens to stay under the supervision of international lenders rather than attempt to go it alone.

 

Fed likely to end bond buying, may signal caution on rate hikes, By Reuters, Published: Oct 16

http://reut.rs/1wOEeOk

As mounting signs of weakness overseas have led investors to question the Federal Reserve’s resolve, the central bank is likely to reassure investors that it won’t stand idle if global turbulence threatens the U.S. economy.

 

BOJ bill-buy offer fails to attract sellers, shows limits of easing strategy, By Reuters, Published: Oct 17

http://reut.rs/1FooUxQ

The Bank of Japan’s offer to buy over $28 billion of government bills on Friday fall short of enticing enough sellers, underscoring growing difficulties of force-feeding banks with liquidity.

 

China to inject $33 billion of three-month loans into banks: sources, By Reuters, Published: Oct 17

http://reut.rs/1vSyFSj

China’s central bank is set to inject about 200 billion yuan ($32.66 billion) worth of three-month loans to keep liquidity ample and support the slowing Chinese economy.

 

Volatile markets deepen anxiety over European bank tests, By Reuters, Published: Oct 17

http://reut.rs/1t3PEjm

Violent swings on financial markets have deepened investors; anxiety about What Europe’s review of the health of its banks will reveal from European bank tests.

 

Argentina says to launch new two-year bond issue up to $1 billion, By Reuters, Published: Oct 17

http://reut.rs/1t3PEjm

Argentina will launch a new two-year sovereign bond for up to $1 billion, denominated in U.S. dollars and paid in the local peso currency.

 

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