Nikkei Up 5%: The Eurocrisis is Over!

You have got to hand it to them, haven’t you? Past masters these politicians at bull. Call it what you will: baloney, rubbish, pulling the wool over our eyes, lying through their teeth and still smiling. Can we believe it? Do they actually think we’re that naïve? Come on guys, we weren’t born yesterday. Just…

News That Matters Euro Morning

HEADLINES German court case could force euro exit, warns key judge IMF Pushes for More Debt Relief for Greece ECB says bond-buying programme is unlimited ECB's Asmussen: See Low Inflation; MonPol Tools Have Changed U.K. Economic Recovery Taking Hold Japan PM Abe unveils plan for tax cuts to boost capex Japan Q1 GDP Revised Up,…

Osborne: Privatization Program for TSB (Lloyds Group)

Privatization is back on the political stroke economic agenda this morning after a report commissioned by Chancellor of the Exchequer George Osborne in the UK looks like he will be set to return bailed out banks to the private sector. Lloyds Bank Group got a whacking £46 billion to shore up its dire financial situation…

LVMH and Hermès: Handbagging Each Other!

Louis Vuitton Moët Hennessy (LVMH) and Hermès are like two old French grannies hand-bagging each other in some secluded (but, of course, exclusive) Parisian street and they have been fighting it out until the bitter end, gritting their false teeth until they lose the dentures and end up gumless. The feud has been raging for…

Chinese Export Fall and Strong Yuan: Bad Times Ahead

Looks like the sun has gone behind the clouds in China for a bit! Not only are the solar panels creating friction between China and the EU, but now it turns out that last month saw Chinese export growth unexpectedly decrease. Imports into China were also in for a decrease as the dropped last month…

News That Matters Next Week

US The uncertainty about when the Fed will begin tapering its programme of asset purchases has increased volatility, both pushing and pulling on global financial markets. “at this juncture, the markets are more concerned about tapering than about weak [US and global] growth,” says MIG Bank’s Chief Economist, Luciano Jannelli. And Kit Juckes, an economist…