1. Europe – apparently the answer is more integration in comments made after a meeting of EU finance ministers over the weekend at least as per ECB Executive Board member Benoit Coeure:
“The governance framework as it stands today is not fit for the purpose of generating strong and sustainable growth that is required,” Coeure told reporters in Luxembourg on Saturday after a meeting of European Union finance ministers. “We need to further share sovereignty over our economic, fiscal and financial policies.”
Maybe it is just easier to have more QE...as apparently hoped by the majority now:
2. I continue to believe that we are in the exciting early stages of a period of positive stock picking opportunity. Correlation statistics like below just accentuate that thought...
On a busy day with various third party obligations here a few charts of interest to me:
3. Still as @tracyalloway noted so far in 2015 it has been another year of not that range differentiated performance of asset classes:
4. Interesting analysis from this report on offer to date performance of various US IPOs...suitably mixed:
5. Oh dear...European industrial production may have been slightly higher than hoped short-term but medium-term they are way off all time high levels (except Germany of course)