The ISM manufacturing number was really stronger than expected. Obviously we've seen a sell-off in the U.S. bond market. As a result of this, people are calling for one or two more Fed moves.
Firas Askari
Related As a result of this, people are calling for one or two more Fed moves. The dollar is going to be a l... FIRAS ASKARI I think Friday's number will be impossible to analyze. But everyone said all the numbers this week w... GREG VALLIERE The market was looking for a weak number. There was a relief rally when the number came in stronger ... MITUL KOTECHA [But because the bond market -- particularly the U.S. bond market -- was in a state of euphoria befo... ANDREW PYLE The bond sell-off . . . can be attributed to the stock markets rise, but the market was negatively r... ELLIOT PLATT The year-on-year was (up) 2.2 percent. That is a change and that is worrisome for the Fed. You would... KURT KARL Shrugging off statements by the Fed last week, mortgage rates remained relatively more stable than b... AMY CUTTS The headline (number) was clearly disappointing, but it remains to be seen whether weakness in the P... BOB LYNCH The bond market is starting to anticipate a more aggressive Fed. The Fed has two problems. One, empl... BILL LARKIN The dollar's bearish (weaker) trend is expected to continue unless the GDP figures are significantly... YASUHISA ISHIDA If anything, this confirms the Fed's bias towards inflation rather than worrying about a slow down i... GINA MARTIN All in all, a much more bond-friendly, stock market-hostile report than expected. CHRISTOPHER LOW The U.S. manufacturing ISM index should show a decent gain today, reinforcing the market's convictio... RUPERT THOMPSON Bond prices rose because the market was excited at the idea that the number of further rate hikes ne... CARY LEAHEY The market is totally oversold. The panic was evident as a large number of investors rushed to sell.... DHAHEER QURAISH This decline [in the jobless rate] is certainly the largest drop we've seen in recent months, so it ... JARED BERNSTEIN The minutes didn't change the outlook for the interest rate moves priced into the market. The Fed is... MICHAEL DARDA This is much stronger growth than the market expected. HONG LIANG ISM prices paid came a bit higher than expected and that stoked some inflationary concerns. I am bea... MICHAEL MALONE (All the grief she had suffered over her lifetime had moulded her face into a mask of eternal sadnes... JEAN SASSON Excellent cost control was seen in particular in R&D expenditure that came in significantly lower th... BOB POOLER There are some people who would like to see the Fed raise by a half-percentage point when it meets n... BRIAN BENSCH The Fed was more hawkish than expected. JUNYA TANASE I think we're seeing already the start of a relief rally. Investors are fairly confident, or gaining... BOB DICKEY U.S. agro-chemical giants will not sell a bushel more of their GM grain as a result of the WTO rulin... DANIEL MITTLER Weve got a lot more than a lot of people. IAN WILLIAMSON Future growth will be the result of more vehicle manufacturers entering the hybrid-electric market a... ANTHONY PRATT The fluctuations in the bond market are all dollar-related. The dollar was strong when the bond cash... SCOTT GRAHAM Some investors are staying at the sidelines as uncertainties linger over whether the Fed would surpr... HERBERT LAU The whole psychology of the market has changed since the U.S. unemployment figures on Friday. All th... JAMES SO This result is certainly less than we expected and was primarily attributable to a significant numbe... HAMISH BREWER This is one of the more surprising moves the Fed has made in a long time. I'm a little bit puzzled b... HENRY WILLMORE U.S. Corporate Profits: Outlook And Credit Implications. Up until now, this has been subdued by stro... DIANE VAZZA Not a lot of people converted to Windows 95. It happened much more slowly than people expected, and ... LOUIS MAZZUCCHELLI The non-manufacturing ISM was strong across the board. There was only a modest drop in the prices pa... DOUG PORTER Weve had some moral victories this season. Weve had one-goal losses against teams that did a number ... EVA LANG You've got a lot of factors lifting stocks today, ... You've got all the tech upgrades, money flowin... PETER GREEN We think we're probably going to end up in a profit-taking phase. What the Fed did was expected - it... HARRY LAUBSCHER The number looks pretty much in line. Ex-food and energy was better than expected. The focus is on e... BRIAN WILLIAMSON The response is stronger than expected, given the number of disasters in the world happening simulta... ERIC BLOCK The result is as expected, ... This shows the strong liquidity in the market and the scarcity of sup... OMAR CRUZ The dollar is stronger because of higher rates. Look at the bond market: it's been selling off with ... JOE FRANCOMANO The two-year auction didn't go well. People are using that as a reason to sell. ... We're in a bear ... CHARLES REINHARD That number showed the market the U.S. may not be able to lower interest rates as soon as people exp... FRANCISCO ANDRADE As far as number of people at one time, it was a significant incident, obviously. LT. RAHN FARDER It seems the stock market is more tuned to the bond market now than it has been in the past several ... CHARLES BLOOD Market share gain in the U.S. drove the better-than-expected results. LAURA CHAMPINE No one believes we have seen the last of the wild moves in U.S. stocks. KAZUYUKI NAITO The bond market took this report as a sign that core inflation may be bottoming and the Fed may stil... CARY LEAHEY The bond market took this report as a sign that core inflation may be bottoming and the Fed may stil... CARY LEAHEY We've had a little bit of a relief rally because the ISM was softer than expected, but the prices pa... SCOTT GEWIRTZ The wording underlines that the Fed is obviously worried about a sharper economic slowdown than the ... DAVID BROWN Taken together, the jump in non-manufacturing activity and the earlier report from ISM of robust man... JOHN LONSKI Obviously we can't speak for McAfee, but we haven't seen a significant increase in the number of peo... ANDREW WEINSTEIN It's negative for the bond market because you have a stronger (economic) growth rate. CAREY LEAHEY Given the current sentiment in the market, there's probably a greater chance of the dollar rallying ... JUNYA TANASE It certainly looks as if the U.S. dollar may succumb to sell side flows this week. This should imply... PRASHANT NEWNAHA This is one more in a very long list of indications that have shown in the past month that this econ... DAVID KELLY This is the first time the U.S. bond market has not been leading other bond markets. ADNAN AKANT What will make you a star is in you SOTONYE ANGA There was a lot of pessimism going into the quarter for these companies. These companies hit their n... ANDREW GALLIGAN Mexican stocks were hammered on the back of the sharp sell-off in U.S. markets. There was no two way... FABIO GHEILERMAN The number of young people in the theater was more than we expected. In fact, the audience had an un... SARA SCHULTZ Weaker openings are expected across Europe this morning, Friday's sell-off in the U.S. happened in e... ROBERT WALLIS I think the market is expecting a slight increase and so if they don't do anything, I think you'll s... MARIO DEROSE It's been interesting, in a little bit less than nine months weve gone from trying to convince peopl... JOHN HOGAN You must save what you can of your life; you musn't lose it all simply because you've lost a part. HENRY JAMES This is a starkly different episode. We've seen considerable off-farm investors interested in farmla... MARK DRABENSTOTT There's a division in the market between whether to sell the yen and buy the dollar on the Nikkei's ... KOTARO KUNIMOCHI We've seen a sharp sell-off, bond markets have risen strongly, equity markets have basically collaps... DAVID THWAITES There's no question that Japan is one of the fastest-growing Linux markets. As the number of Linux s... DAVE ROSENBERG He brings the greatest conflict into the history of mankind. He will come soon to our world just lik... TOBA BETA People break down into two groups when the experience something lucky. Group number one sees it as m... M. NIGHT SHYAMALAN Although the tanker market recently has seen lower levels than what was anticipated, the rates are e... FRONTLINE LTD Never give up on you. In order to make a difference you would have to somehow be different. JOHNNIE DENT JR. Revenue was higher than expected but a number of charges distort the picture. Still, if you exclude ... ERIC DE GRAAF In the four decades after World War II, manufacturing jobs paid more than other jobs for given skill... CHRISTINA ROMER Bond is stronger than blood. The family grows stronger by bond. ITOHAN EGHIDE In any given month, a large number of workers are being hired or are leaving their current jobs, ill... BEN BERNANKE The stock market has obviously expected these pre-announcements. We're in a weak market. DAN SCOVEL The auction result was worse than I expected and that is why people are selling bonds. AKITO FUKUNAGA The underlying Mercedes margin excluding one-off items and provision releases was significantly weak... ADAM JONAS Those who expect further rate hikes can note that the real Fed Funds rate has yet to reach at least ... ASHRAF LAIDI A lot of the gains are due to the earnings story. I think the market can deal with one or two more i... BARRY HYMAN The market is obviously buying the higher-than-expected headline but for me its still looks expensiv... NEIL MANSER [While calling the ISM report] categorically bond-negative, ... Ten-year notes do not look like they... ALAN RUSKIN Someone starts a bank in Dallas knowing that there are a number of buyers in the market. Most people... SCOTT ALANIZ The increase in U.S. exports came as a surprise and it's good news. Export demand for U.S. cotton is... JOHN FLANAGAN The equipment market decline in 2005 was the result of a number of factors, which worked together to... KLAUS RINNEN The market took on some new positions ahead of the Fed. After they raised, as expected, gold came of... FREDERIC PANIZZUTTI The market is worried that the Fed might continue to raise rates for longer than what was previously... RICARDO AMORIM Earnings growth is strong, interest rates are low, and the environment is positive for stocks. The m... BOB STRAUS It definitely is a weak number and is symptomatic of how weak this economy really is. I think this t... BOB MCINTOSH What we're seeing right now is the market take a bit of a breather. One thing we've seen in the past... ADARSH SINHA When the techs in the States went, the Canadians backed off as well. The whole falloff late in the d... JOSEF SCHACHTER You're full of contradictions, Ms. Wallace." I looked up at him and arched a brow. "I'm a girl... TAMMARA WEBBER If your house has been on the market for more than four months, take it off the market and re-list i... BARBARA CORCORAN Everything about the quarter was either in line or soft, and nothing came in stronger than expected. DAVID BLEUSTEIN The only way he could have her was to shatter this stubborn faith of hers. In doing so, would he sha... FRANCINE RIVERS The Fed Chairman would be very happy if the bond market did some of the tightening for him, ALAN RUSKIN
More Firas Askari
People are falling out of love with the dollar. The U.S. data was on the disappointing side. That do... FIRAS ASKARI As a result of this, people are calling for one or two more Fed moves. The dollar is going to be a l... FIRAS ASKARI That is obviously a direct driver of inflation. FIRAS ASKARI I'm still looking for places to sell the dollar. We're assuming that the Fed is nearing the end of i... FIRAS ASKARI Obviously, a little more tepid than what markets were expecting. FIRAS ASKARI I don't think this is a bearish report because average hourly earnings are ticking up significantly, FIRAS ASKARI I don't think this is a bearish report because average hourly earnings are ticking up significantly.... FIRAS ASKARI I don't think this is a bearish report because average hourly earnings are ticking up significantly,... FIRAS ASKARI We are seeing a lot of new buying of the Canadian dollar. The central bank continues to tighten and ... FIRAS ASKARI It's hard to like the euro, FIRAS ASKARI A conservative government tends to have a lower tax, less spending and small government. Financial m... FIRAS ASKARI The stock market declines are a little bit scary. People want to take the dollar weaker. FIRAS ASKARI Any weakening of the Canadian dollar represents a chance to buy more of the currency. FIRAS ASKARI The humanitarian issues have provided an opportunity to the two governments to rise above their hist... HASAN ASKARI The influential Jewish groups will now be sensitive to Pakistan's problems particularly with India, HASAN ASKARI It has opened a new diplomatic channel for Pakistan and the pro-Israeli groups in the US will not op... HASAN ASKARI This breakthrough is a diplomatic plus for Pakistan. HASAN ASKARI We don't want this guy to go walking. We really want justice to take place. FIRAS ABOUZEKI Whether it's a hate crime, that's not the main issue. Somebody shot him to kill him. FIRAS ABOUZEKI He never, never worried about it. He seemed comfortable about it. FIRAS ABOUZEKI He was shot for no reason. It's just like anyone walking up to anyone and saying, 'I don't like how ... FIRAS ABOUZEKI Like the pioneering Muslim scientists, Al Bukhari insisted on an empirical, organized method in the ... FIRAS ALKHATEEB Whoever does good deeds for the sake of the Hereafter, Allah will amend for him his affairs in this ... IMAM HASSAN AL-ASKARI