1. German/Greece – temperature rising again: German FinMin Schaeuble: Not in interests of Greece to question the IMF's involvement in its aid programme. Greece gov't spox hits back & says Fund's stance is "unacceptably harsh".
Meanwhile thinking about global QE…recall that the ECB is at the margin very important. My view: ECB QE still being used as a prop in lieu of proper coordinated regional structural reform...
2. Global FX and markets - high volatility in mining and energy shares but a later recovery as the euro pushes up above 1.10. A week to the Fed and the dollar is perhaps starting to arrive rather than travel.
Volatile markets but ultimately the weaker dollar/stronger euro combo is a better one for global balance. Maybe from this lower base we will get our second half of December Santa rally after all!
3. I write up the latest Smith & Wesson numbers and conclude that I am still 'keeping some bullets in the chamber' even though at above the US$20 level I let some more stock go.
4. I also write up the latest Ashtead numbers and conclude that the UK listed but largely US centred plant hire company is still worth a look despite a decent share price move today:
5. What else? I write on Twitter after listening to the Yahoo reversal presentation on unbundling their Alibaba stake:
Putting the $YHOO and $BABA share prices on top of one another nice way to show waxing/waning of spin-out/sale hopes
As I noted here at the time of the Q3 results season I still like Alibaba stock on its own.
Elsewhere I am quoted (thanks @firstadopter) here on the Dow Chemical - DuPont potential deal which - as this chart from Fast FT - shows at nicely over US$100bn in size would be the biggest chemicals/related deal in history if anything happens:
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