Equity

On Wednesday, the U.S. Court of Appeals upheld an earlier decision that allows Argentina to issue bonds and payoff its creditors it has owed since the country defaulted in 2001.
The ruling is a major victory for Argentina, which slugged through a legal debt battle with American hedge funds known as "vultures" in Latin America.
This week, Argentina’s brass is on a "road show" in London, New York and elsewhere in the U.S. to pitch investors on $15 billion in governments bonds, amount second only to Mexico, which holds the record with a $16 billion debt offering in 1996.

Fed policy makers signalled an interest-rate hike in April is unlikely, minutes of the March policy meeting showed, confirming market’s growing anticipation that the US central bank will act cautiously […]

Both equity markets and the euro are lower on Tuesday after what appears to be a coordinated terrorist attack in Brussels. Belgium is now on its highest terror alert after […]

The credit quality of euro area sovereigns will likely remain stable in 2016-17, supported by moderate economic growth and stabilizing debt-to-GDP ratios. But there are some factors that create longer-term risks. It’s what has emerged from the Moody’s report, entitled "Outlook Stable Overall, But Reform Efforts Are Fading And Political Risks Are Rising".

"The economy’s engines are not going into reverse … but at the moment, it is hard to see GDP with a 2 percent handle. Based on today’s lackluster sales report, policymakers will be in no hurry to raise interest rates"

London Stock Exchange and Deutsche Boerse agree this morning 30 bln $ merger, creating Europe’s biggest securities-markets operator

The concerns dominating investor attention to start the year – especially about monetary policy, China, and global growth more broadly – have not dissipated, but investors seem to be coming to terms with them, and valuations now account for that uncertainty.

The ultra-low policy that a growing number of Central banks is pursuing is damaging the entire economic system. In his monthly Investment outlook Bill Gross warns investors about it and points out the way Janus Capital unconstrained portfolios deal with it.