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Market Pulse: Investors' plea to Bernanke: Be gentle Ben

Tuesday, May 21, 2013 - 04:09

May 21 - European stocks, bonds and gold ease while the dollar firms. Call it investors' insurance policy ahead of Ben Bernanke's keenly-awaited testimony on Wednesday. Will he stick to the QE script? Or not?

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The telephone gold soft and -- shift holding your five year highs -- coming off slightly today. As investors await testimony from Fed Chairman Ben Bernanke tomorrow. This is today's market pulse and enjoying my -- it's -- public. Right some of the -- of global markets report. That's about them bonds and stocks coming off slightly thought up the -- suggests investors think. But ninety -- -- -- -- hole I -- who would -- of image and stuff that transformation and to be slightly more hawkish talk. Think there's this is Jason around like that but I think more it's likely that divides us pricing themselves a little bit in case something unexpected happens I don't think. Too many people really expect the that they tend to come out with a new policy -- to make very strong statement. About tightening tomorrow. I think it's more likely people being very cautious very nervous but with things is at such high levels and some they just. Taking a bit of money at the time if that's the case and it's invest is not just -- taking some chips off the table and the ninety sticks to the same script tomorrow. Is that a case of Abu Abbas and tossing off then off then bases again. Well -- there may be a bit strong I mean but it is the case that we go back to think the situation where both of the Fed and the Bank of Japan. Pumping money into the system as a Bank of Japan meeting that tomorrow as well and there's no change expected dead. Yes you come -- the central banks at the minute -- and that the focus is beyond equities and credit and you know we see any is shifted maybe of the treasury market that that's that's been become very sensitive to everything that says the central banks then. We've been talking for weeks now and would almost at the end of me you know selling may go away -- -- from the Shia. From the people you speak to did you get a sense that there's not gonna happen on its going to be -- back -- -- I guess that there is talk around about a second half retracement in equities as in particular. 1015%. Kind of retracement of some of the numbers that -- only -- hunting -- bit. That that's to be expected if you see you the rises that we've had such this year. But you know if the central banks doesn't change that you why why what else can you -- him. Palestine is on gold I'm told by the salt bomb to get a sense that -- it's -- -- credit continues to it to rally. Gold might struggle a bit more than these two -- -- That's true that does seem to have lost that -- quite a bit I mean that had a look at -- under today. Recovering from Monday's selloff couldn't manage it and has gone back down that does seem to be -- longer to. Shift away from buckled and so but. Hotly -- supply effect is partly because equities are doing so well partly because inflation is is looking 79. And they had the economic picture is not disastrous. So who yes it it's that thing -- it's done OK that's it thank you very much. But legal pot to -- carnival shares today they're the worst performer on the -- to unify us 300 done more than 11%. The world's largest cruise operates a slashing its food and earnings outlook for the second time in less than three months. Cutting ticket prices touched -- passengers following a string of high profile disasters is bringing in less revenues. Rival royal kind of intrusive reported strong results just uncomfortable as passengers spent more on tickets and onboard entertainment. Finally info on exchange spelling hitting lows not seen for seven weeks against the -- -- -- the UK inflation on the shot forecast. More petrol price he's fishing CPI to 2.4 percent. But what expectations of two point 6%. Could get. The buying coming that more school for policy easing in the coming months the -- has lost six point 7% of its value against the ball up so far this year. Today's market pulse in -- That brought.

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Market Pulse: Investors' plea to Bernanke: Be gentle Ben

Tuesday, May 21, 2013 - 04:09