Monthly Archives: May 2012

Many data out today and tomorrow. RCUBE on European Yields, MS on Commos and Spain.

Bonjour, No clear direction on the Futures today and we should have another volatile session. There some iportant economics data (some are already out) such as German unemployment, EU CPI, US GDP (revised for Q1) ADP employment, etc… ENI to sell a 30% stake in SNAM for 3.5bn (€3.47/share). I like ENI… CURRENT THEMES On […]

On Spain (and it’s bad), China (not great) and Greece (as usual) and GS US equity Strategy.

Bonjour, Europe set for lower start as Spanish fears continue. Asia weaker as Xinhua dampened hopes of major Chinese stimulus. ECB said would oppose injection of govt bonds into Bankia so Spain may likely issue new debt to finance any recapitalisation. Greek polls show pro-bailout party New Democracy still holds a narrow lead over Syriza […]

On China and Spain. JPM’ View and MS’ European Strategy.

Bonjour, Markets expected to open upwards this morning despite the pressure on the Spanish bonds and Bankia, as there is increased optimism for China to take growth oriented measures. Macro eyes on German regional CPIs, US S&P Case Shiller and Consumer confidence. CURRENT THEMES On China There is a good summary of the evolution of […]

On Greece (Polls), Europe. MS piece on Grexit and contagion. UBS?

Bonjour, Markets futures are slightly down this morning despite Mario Monti’s comments yesterday. We should hear about Spain changing its deficit targets and the Greek polls (see below) will be taken negatively… CURRENT THEMES The EURUSD is at 1.2528 On Greece A new Greek poll shows that Syriza is stil in the lead with 30% […]

On Europe and China. Citi sees first cuts in Credit allocations, GS cuts China Metals & Mining.

Bonjour, Europe set for slightly higher start. US closed slight higher amid rumours EU would consider guaranteeing bank deposits across the eurozone. Asia under pressure after China PMI worse. Macro eyes on UK + German GDP, German IFO + Flash manufacturing and services PMIs for May. CURRENT THEMES On Europe As expected, the summit brought […]

Bloomberg on Greece, ZeroHedge on JPM, GS likes autos…

Bonjour Europe set for lower start. Wall St pared gains in last hour after former Greek PM Lucas Papademos said Greece might leave the euro (corrected later). Asian markets trade lower this morning and commods weaker as BoJ refrained from deploying further stimulus. Eyes on the Brussels EU summit today. Maacro eyes on BoE mins+UK […]

On Greece, JPMorgan, Facebook (…).

Bonjour, Europe set for lower start after Moody’s cut 16 Spanish banks + Fitch cut Greek credit rating to CCC. Latest polls have parties supporting austerity measures ahead for now. However, Times reports De La Rue is preparing for poss drachma reintroduction. Asia lower after US data missed and eurozone fears persist. G8 summit begins […]