Monday, 26 January 2015

Financial Orbit wrap 26/01/15

Five sentences or graphics which sum up the Financial Orbit output over the last 24 hours across the website, twitter account and anything else thought about...

1. Got to keep an eye on the Chinese yuan especially given one of my macro themes for 2015 is greater currency volatility.

2. The US dollar was a little weaker today post Asian trading notably against the euro (which was very weak on Friday).  This perhaps helps explain why the near reality of a Syriza-led government in Greece really did not faze the markets that much at all...

3.My latest Yahoo Finance Contributors column muses on what yet another US earnings decline is saying to us:
4. I remain comfortable with my RBS spin-out holding in Citizens Financial post their earnings disclosure.  

5. Finally, back to Greece.  Here are some headlines I have picked up during the day.  Spot the inconsistencies!

Germany's Schaeuble: There is no question of a haircut on Greek debt
Dijsselbloem: Greece's enhanced credit line is on hold
Ireland FinMin: Solution for Greece is new arrangement on loan length and interest rates

And whilst the policy-makers fiddle...Eurozone economic growth burns:

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