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. In
China one clear growth area is in the
international use of the yuan. This is only going to continue...
'Direct trading between China's RMB and foreign currencies reached1.05 trillion yuan (170 billion U.S. dollars) in 2014, a report from China's central bankshowed.
Daily average direct transactions reached 10.2 billion yuan last year, 8.4 times more thanin 2013, according to the monetary policy report for the fourth quarter released onTuesday by the People's Bank of China.
The RMB now trades directly with eight foreign currencies, including the Euro, Australian dollar and Singapore dollar'
2. The bond market is suggesting non rampant returns over the next few years...no surprises there (the value is with selected equities at an asset allocation level).
3. I write on ShareProphets about my continued faith in Randgold Resources...
4....and also write-up three spin-off opportunities which continue to look interesting:
NN Group...
Indivior...
Voya...
5. Meanwhile 'Greek Official: No Agreement Made, Will Not Extend Current Bailout -- RTRS'. More debate continues...
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