Credit Writedowns

More news links for 1 Jul 2013

Updates of most important data flow in the week ahead for 1 Jul 2013

I am still off for a few days for personal reasons but here are some links I have been tracking over the past few days. These are by no means comprehensive but I think they are newsworthy. Edward BBC News - Gold price falls below $1,200…

US equity markets are continuing to price in higher premiums for bank shares relative to the overall market. The increased steepness of the yield curve will mean higher net interest income, as banks borrow at historically low rates from…

Still contracting but at a reduced pace. Germany a bit worse and other up a bit may show the squeeze has caused a bit of a shift from Germany to other members as the pie continues to shrink?In any case, a reduced pace of deterioration does…

The “lesson” is over in China. Brazil is in flux and there is some room to be optimistic. Indonesia is finally increasing subsidized fuel prices. The Turkish central bank is stepping up even more. The Czech National Bank is moving closer…

In the last few days the USD/INR exchange rate exceeded the psychologically important level of 60 for the first time in history. Foreign investors are panicking, as capital leaves emerging markets.

I have been fairly sanguine about some of the market turbulence in 2013. From the fiscal cliff to the sequester to the Japan rate rise to the Fed tapering, I haven't seen a trigger for wholesale risk repricing. I want to flag student loans…

Czech voters are deeply dissatisfied and in a highly skeptical mood, since following seven quarters without growth the country’s economy is evidently stuck in the doldrums. The worst part is things look highly unlikely to improve anytime…

News links and commentary for 27 Jun 2013