Blog Archives

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 majors. Manufacturing PMI rolls like moss going up the hill,

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Posted in Amitonomics, Banking, Brazil, China, Emerging Markets, European Sovereign Debt crisis, Global, housing, Retail Lifestyle, US

US Morning Report: It’s just the Citi, Retail sales don’t disappoint..China may

Retail sales are down 0.5% for June 12, the most disappointing but probably putting faith back in the multiple reports of retail same store sales that dot the landscape after the ingratuitous jump in sales data in May. However for

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Posted in Amitonomics, Banking, Emerging Markets, Financial Markets, US

Global Mid-Day Report: It took the banks to revive the Dow!

As it happens 2 times out of 3 , the sharp finish by JP Morgan to its climactic loss announcements of June 2012 was  a resounding success in moving the Dow 150 points on its closing day of the week,

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Posted in Amitonomics, Banking, US

US Morning Report: Chinese want to buy Hawker Beechcraft, Bob Diamond does not want Barclays pay

Italy added 0.8% in Production on Month though still 6.9% down on year while France revised its may data downward to sho a net 3% degrowth on year and the British 1.2% growth in production on month could not stop

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Posted in Bailout Nation, Banking, European Sovereign Debt crisis, Global, US

Monte De Paschi state aid not Basel III, Lloyd close to selling 600 branches | Banking insight

Monte De Paschi de Siena is getting new state aid from Mario Monti’s government of upto EUR 3.5 B to make a pitstop as it was marked by EBA in the recent stress tests for a EUR 3.27 B shortfall.

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Posted in Amitonomics, Banking, Europe, US

US Economy: The more things change..(European inflation data)

Though Italian one year BOT on auction landed a cut off yield closer to 4% than the last 2.3% yield, the inflation thru the Eurozone more or less remained unchanged with a 1.9% for Germany and 3.2% for Italy overshadowing

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Posted in Amitonomics, housing, Retail Lifestyle, Social Media, US

US Week Ahead – July 01, 2012 – July 07, 2012 – A Big Bang 4th of July indeed!

Ofcourse there will be much lower trading in Global markets as this is the 4th of July week bang in the midweek crowding out business events from the calendar. A raft of PMI manufacturing Data, ISM manufacturing data and Factory

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Posted in Amitonomics, Retail Lifestyle

US Economy: Another global day of ruins and Greece may yet leave the Euro

IT looks likely that Euro will break down from the 1.32 levels of earlier this weak when it continues from $1.297 levels as US Economic data remains wishy washy about the recovery but the Aussie and the Euro have finally

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Posted in Amitonomics, Banking, US

European Sovereign Debt Crisis: Huh! what Spanish downgrades! – Rinse. Lather. Repeat.

The Global Economy should have roiled hen Monday began with saddening aannouncements from S&P and moodys’ in Spain. as many as 16 Spanish banks were downgraded following the contraction in the Spanish economy ( of 0.3% – no less! )

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Posted in Amitonomics, Banking, Elections, Europe, European Sovereign Debt crisis, Financial Services, Global, US

European Debt Crisis: Lesser Non European customers, Italian 3-yr yields jump to under 4%

The morning stream of data knocked the winds out of the Europe watchers but sentiment still improved on basis of yesterday’s scare turning out to be a non starter. UK, the most promising Common market, unfettered by the Euro also

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Posted in Amitonomics, Banking, Europe, European Sovereign Debt crisis, Global