1. Reserve Bank of Australia cuts rates to a record low of 2% “so as to reinforce recent encouraging trends in household demand." Hmm. Lower for longer in another country…
Also note the 'interesting' initial response to the rate cut. Not just a lot priced in but also that in a currency war world a lot of strange things can happen.
2. I write about HSBC (link here) and observe that there was more than a hint that the decision later this year is likely to be pro-switching the domicile/HQ location to Hong Kong as regulatory costs continue to bite.
3. In another chart cited on Fast FT China has a big old tumble...
...and it is all the fault of the stock trading banana seller (2015's equivalent of the shoeshine boy giving stock tips):
4. Greek facing assets remain volatile as I make an observation about the German finance minister
"he's not holding his breath. More likely to swap the 'k' for a 'c' in "skeptical" than roll over with a big writeoff "
(in response to):
5. Lots of interesting company data out today. The lack of Kellogg's cereal growth (again) in the US caught my eye. I remain short the stock.