It’s Monday Again! : How we were just saved from another Russian crisis, some residual Buffetology and Pfizer
The flight to safety has brought US 10 y bond yields to a low 2.58% with Mortgages on the 30 Y ear end probably dipping below 4% before the yield … Continue reading
The Mid-Week Trading Update: Five days falling, S&P survives the 1700 mark , Banks survive Stress Tests ($GS $JPM $JCP $TWO $FNM)
Jobless claims have indeed been carrying the torch in all QE Taper affected weeks since the home sales growth of 12% on year was deemed unworthy by the market and … Continue reading
Global Mid-Day Report: Not much calm Before the Storm
To set the morning in context, PMIs at Spain and Italy dropped as PMIs at UK, France and Germany hit a new low at near 45 in all three Continental … Continue reading
Global Moves: Brazilian lending crosses 50% of GDP, Korean manufacturing up
Samsung and Kia/Hyundai are going strong as US Imports have held up and thence production Korea sustained at 83 levels. Meanwhile in Brazil Bank credit always in short supply because … Continue reading
JP Morgan’s New Derivatives for Trade Finance | Banking Insight
Trade Finance could be a new money spinner for banks as the business volumes of traditional products keep growing at more than 30%. For example China’s import bill alone is … Continue reading
China inflation hits target 3%. now a dull PPI shutdown scare | Asia Review & Insight
The Inflation ticked down -0.1% M/M at retail to hit a Y/Y 3% comparison, Propducer Prices weak at the same level as last year linking to the production scare in … Continue reading
Moving China's governance models – Investments, Splits and higher FDI
Even as China’s Huijin invested more in September in China’s big four banks to bring them to add back their LGFV exposure (Local LSFs) to the balance sheet, FDI growth … Continue reading
Santander completes RBS acquisition in UK and shows the way to RBS and Lloyds
RBS had sold 318 of its UK branches after repurposing them in 2009 as Williams and Glyn. Banco Santander had used the opportunity to further its footprint in the UK … Continue reading
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