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

Global Mid-Day Report: Oil stocks thumb down any more “recovery talk”

Retail Gasoline stocks shot up by 4.5 M barrels in the week after having given hope with customers starting drawing down on gas money and inventories flowing to the pump for three months on the trot. Crude Oil inventories on

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Posted in Amitonomics, Banking, Private Equity, Retail Lifestyle, US

Bank Results Season: Morgan Stanley in the fire (Q2 2012 Report)

Trading income is down 37% on year for Institutional Clients even as it maintains Q1 revenue watermarks more or less in both Institutional  Clients and Wealth Management but DVA claimed its toll on Q2 revenue as Q1 had reported $1.4B

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Posted in Amitonomics, Banking, 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

US Morning Report: Depressed Prices, Jobless claims makes news again

Import Prices are now down 2.7% on year after they first breached the zero line in May ever so slightly. Export prices are similarly depressed by 2.1% on year. However on the back of higher consumer credit offtake in May the first

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Posted in Amitonomics, Bailout Nation, Constitution Day, Private Equity, US

Global Mid-Day report: FOMC minutes, London close downward trigger

Equities and Commodities are likely to continue reacting sharply in US markets after the minutes from the June 19,20 meeting were released. The FOMC had shorn US growth projections to 2.3-2.5% in the long term at the meeting and though

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Posted in Amitonomics, Bailout Nation, Banking, housing, Retail Lifestyle, 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

Global Mid-Day Report: The Big winners are the Consumers again!

A mid day comeback on Wall Street is only too common this month as Europe scares but small islands of data that disappoint are covered by more qualitative improvements and despite some dud fireorks, the markets are keen to make

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Posted in Amitonomics, Banking, Emerging Markets, Private Equity, Retail Lifestyle, US

US Morning Report: US in rescue act, ADP Payrolls beat expectations

If the Street is sad, it should not be at this time on Friday. Among top losers real time, IBM lost $2 to allow Buffet to buy more of the stock, while JP Morgan is now below $35. The Friday

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

Global Moves: Draghi cuts ECB rate to 0.75%, US gets ready for Jobs report

The Dollar decline follows in Asia tomorrow after ECB cut rates and the Euro promptly breached 1.24 levels at the lower end before resuming tradin ga t 1.24 levels after the US market holiday on Wednesday. ECB had earlier refused

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Posted in Amitonomics, Retail Lifestyle, US