–BOE Major Lenders Dec Mortgage Approvals 40,000 v 45,000 Nov –BOE Nov Net Business Lending Flow stg1.3bn vs -stg2.8bn Oct –BOE Dec Mortgage Approvals Lowest Since March 2009 –BOE Dec Net Mortgage Lending stg0.8bn vs stg1.4bn Nov –BOE Dec Net … Continue reading
UK DATA: Dec Retail Sales inc. fuel -0.8% m/m; unch. y/y –Dec retail sales ex fuel -0.3% m/m; +1.0% y/y ———————————————————————— Retail sales inc fuel fell 0.8% m/m in Dec and were unchanged on the year, below the median for … Continue reading
Uncertainty regarding scale of Spanish bank problems Larger than expected Spanish bank recapitalization costs seen as ratings trigger My mate calls them “veiled threats” I’d add “thinly” Regarding Portugal: Loss of market access seen as rating trigger for Portugal
Manufacturing upbeat on foreign business prospects, want to hire new staff Euro crisis not really having an impact on companies Oil price risk should not be ignored, does not see any widespread inflation at present
BERLIN (MNI) – The six main contributing countries to the European Financial Stability Facility (EFSF) want to see a stronger engagement of those states which don’t have an ‘AAA’ credit rating, the German business daily Financial Times Deutschland (FTD) reported … Continue reading
Stronger than median forecast of 109.9. Well the rumour seems to have been borne out. Not that euro has benefited overly. Quick move to 1.3566 before slip back to 1.3545. Guess those who bought on the rumour happy to book … Continue reading
FRANKFURT (MNI) – The German federal government is seeking bids for a E3 billion sale of new 12-month bubills, the Bundesbank confirmed Friday. Bids are due by 1000 GMT on Monday, January 24. The announcement of the auction results will … Continue reading
USD/JPY down at 82.75 from around 82.90 when I arrived. French car company notable seller this morning.
Quite a battle going on in EUR/USD this morning, the euro bulls holding sway so far, supported by assorted sovereign buying. There are also rumours of a strong Ifo report. And the Spanish news regarding Cajas is being seen as … Continue reading
Middle Eastern sovereign buying has been noted in recent trade and we’re back up at 1.3545.