Tagged: China

The Day Today 27 Jan 2014

* Greek fallout begins: ECB’s Coeure says “Mr. Tsipras must pay…. if he doesn’t pay, it’s a default and it’s a violation of European rules” * Greece needs EUR 28bn this year, 4.3bn in March, 6.5bn in July and August; the ECB can’t help until July as it’s already close to its self-imposed limit for…

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The ECB Day Today 22 Jan 2015

* After the leak yesterday, ECB expected to announce EUR 50bn per month of QE, totalling EUR 1.2trn * ECB approves Emergency Liquidity Assistance to Greek banks given deposit withdrawal ahead of election * Italy’s PM Renzi says “my dream is parity” in EUR/USD [is he short like everyone else??] * Margin traders short position…

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The Day Today 20 Jan 2015

* China data better than expected – the stock market rallies from the 7% loss of the previous trading day: Q4 GDP 7.3% vs 7.2% exp Dec Retail Sales 11.9% YoY vs 11.7 exp Dec IP 7.9% vs 7.4 exp Dec Fixed Asset Invmt 15.7% vs 15.7 exp * France’s Hollande lets the cat out…

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The Day Today 15 Jan 2015

* India unexpectedly cuts 25bp to 7.75% due to lower inflation, the stock market and the rupee rally * S Korea cuts its GDP and inflation forecasts by 0.5 pct pts * Fed Beige Book shows signs of wages increasing * You know this story by now: Yields on Finland 5yr yield Swiss 7yr turn…

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The Day Today 13 Jan 2014

* ECB Nowotny confirms that the debate is all about whether national central banks should bear the risk of the QE purchases, or should it be¬†shared amongst Eurozone members * ECB Noyer:¬†“In my view, such a program can be launched only if a majority of the debt would continue to be held by private investors”…

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