Tuesday, 3 February 2015

A few stories of interest today

A few stories of interest today

 Greece – proposes swapping outstanding debt for new growth-linked bonds…but no real discussions yet with the Eurozone or Troika...

2     Greece #2 – ‘Germany will have to yield in dangerous game of chicken with Greece’ Good read with appraisal of how a Greek/German debt deal might work...

      US – couple of interesting stats via Bespoke: Number of components (4) contracting in this month's ISM Manufacturing report was the highest since July 2013 & bullish sentiment falls lowest since September as per this report

      

3    Australia becomes the 12th central bank this year to reduce interest rates (link here).  Lower for longer! (including the AUD as shown below). 


4    China - China’s capital account posted the widest deficit since at least 1998 in the fourth quarter: investment in China not a one-way street anymore?  Certainly life is getting more complicated...which at a certain level shows progress.  

      Also in Asia I enjoyed this piece on Hong Kong from Bloomberg (link here) which included this fantastic chart...


5   
     Although Lenovo sales were pretty good this morning...more on this name (which responded well in the Hong Kong market) later.  



2 comments:

  1. Currency wars are strange! Time soon for an Oz holiday!

    ReplyDelete
    Replies
    1. Have often thought that it would be rather cool to go on holiday to the place on a list of safe/interesting countries whose currency had fallen the most over the past year versus your own home FX

      Delete