Paul Murphy
Latest eurozone downgrade…
That eurozone finance ministers meeting set for Wednesday…
You know, the one that represented the final, final deadline for Greece, dictating a weekend of rioting and a political crunch in Athens…
Markets Live transcript 14 Feb 2012
Markets Live chat transcript for the chat ending at 12:09 on 14 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT neil collins PMhappy Valentines day PMWelcome to Markets Live
Snap news
Breaking pre-market news on Tuesday,
– Cairn Energy return-of-cash update – statement
– Lloyds’s of London puts Thai flood losses at $2.2bn – statement
– Rio Tinto and BHP Billiton step up investment in Chile’s Escondida copper facility – statement
Corporate:
Bored of the eurozone crisis?
So too is the ECB, clearly.
Enjoy, or complain to your Euro MP.
c.c. Daily Mail news desk
Abstract:
At the 2010 FIFA World Cup in South Africa, many soccer matches were played during stock market trading hours,
Markets Live transcript 13 Feb 2012
Markets Live chat transcript for the chat ending at 12:01 on 13 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT
PMMornin’
PMWelcome to Markets Live
PMFT Alphaville’s daily markets kick about
Pink picks
Comment and analysis from the FT on Monday…
Edward Luce: Recovery, but a cold and grey one
Good times are coming back to America. The Dow is flirting with pre-recession levels. US joblessness has fallen by more than 200,000 in each of the last two months,
Editorialising, SEC-style
Maybe we are making too much of this, but when the SEC is on its 30th or so figurative lynching related to the Galleon rat case, does it really need to juice up its press releases in the hope of a tabloid pickup?
From the SEC IMMEDIATE RELEASE
From the actual SEC complain,
Markets Live transcript 10 Feb 2012
Markets Live chat transcript for the chat ending at 11:57 on 10 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT PMMorning PMWelcome to ML PMFriday
Venizelos, uncut
Having been Schäubled late on Thursday, here’s the actual statement issued early on Friday by Greek finance minister Evangelos Venizelos. We’ve emphasised the rousing, emotional stuff…
(Via Google translate;
Further reading
Elsewhere on Friday,
– Alex, the leading indicator.
– Greek horror story du jour — superbug.
– …And the spread of the (peripheral debt) fever.
– Bear spotting.
– Time is money/misery…
Pink picks
Comment and analysis from the FT on Friday…
Philip Stephens: A veto worthy of the Brezhnev era
The other day l heard Sergei Lavrov explain Moscow’s backing for Bashar al-Assad’s murderous repression in Syria.
Snap news
Breaking pre-market news on Friday,
– “Citizenship” from Barclays, along with year-end figures – statement
– De Beers reports, Anglo American updates – statement
– P&G plans to halt Pringles sale to Diamond Food – Bloomberg
– Move to take Alibaba.com private in Hong Kong — Reuters
Corporate:
Markets Live transcript 9 Feb 2012
Markets Live chat transcript for the chat ending at 12:09 on 9 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT PMYo! PMWelcome to Markets Live PMBryce is here
Albert the (financial) Populist
Albert Edwards is with Terry Smith on this one. If Shredded Fred must lose his knighthood, then certain other players in this game of bubble and crunch need to forego an honour or two.
But while Smith has focused on Sir Alan Greenspan,
Another IB “surprises” on the downside…
And so to the harsh news amongst the “key messages” from Credit Suisse, which on Thursday followed both UBS and Deutsche Bank in reporting rather softer Q4 numbers than anyone seemed to be expecting…
Snap news
Breaking pre-market news on Thursday,
– Robust first half from Diageo – statement
– Credit Suisse moves into the red in Q4 – Bloomberg
– Strategy update from BG Group – statement – along with
Markets Live transcript 8 Feb 2012
Markets Live chat transcript for the chat ending at 12:07 on 8 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT neil collins PMMornin PMWelcome to ML on time
Pink picks
Comment, analysis and more from Tuesday’s FT,
Martin Wolf: Crisis must not change India’s course
What do the financial and economic crises of the high-income countries mean for emerging and developing countries? I addressed this in New Delhi last week,
It just dropped in my inbox…Trump Hotel Collection
This is a pilot for an occasional AV series.
Shouting and emphasis not ours…
NEW YORK – Feb. 7, 2012 – TRUMP HOTEL COLLECTION™ has launched a fresh, new lifestyle website and national advertising campaign that promote living without compromise – inviting guests to seize opportunities in travel and life in the Trump family tradition.
Markets Live transcript 7 Feb 2012
Markets Live chat transcript for the chat ending at 12:06 on 7 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT PMMorning PMWelcome to Markets Live
Mangled metaphors from Neelie Kroes
From the European Commission vice-president (Digital Agenda), interviewed in the Dutch paper Volkskrant, via Google translate…
“…But there is absolutely no man overboard when we miss someone from the eurozone…Maybe my word choice was not entirely happy.
Snap news
Breaking pre-market news on Tuesday,
– Glencore offer for Xstrata pitched at a ratio of 2.8 – statement
– Year-end numbers from Xstrata – statement
– UBS reports 76 per cent drop in Q4 profits – Bloomberg and statement
– BP hails a return of operational momentum – statement
– “Resilience”
The currency pair league table
$/€ races ahead of $/£, $/¥ and $/SFr, but $/AUD has made a strong run from behind…
Actually, the thing that jumps out from Table 4 of the most recent FX trading survey from London’s Foreign Exchange Joint Standing Committee is that none of the columns — April 2011 thru October 2011 — are ranked consecutively.
Markets Live transcript 6 Feb 2012
Markets Live chat transcript for the chat ending at 12:07 on 6 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT
PMMORNING
PMMorning
PMsorry for shouting
That statement-in-full from EFG-Hermes…
Unexpurgated:
The company learnt yesterday that Mr. Yasser El Mallawany, the Chief Executive Officer of the company was banned from traveling.
That’s it. Not even a contact number.
EFG-Hermes, of course,
Snap news
Breaking pre-market news on Monday,
– Giants defeat Patriots – story
– Full year figures down 27 per cent at Julius Baer – Bloomberg
– China bans airlines from taking part in a European Union carbon-emissions system designed to curb pollution,
Inflation targeting, back in the frame
We know who’s brought this on. It was Ben Bernanke, last week, with confirmation of the Fed’s 2 per cent inflation target. We suspect it’s one debate that is going to grow in intensity.
First to Bruce Corneil,
Markets Live transcript 3 Feb 2012
Markets Live chat transcript for the chat ending at 12:02 on 3 Feb 2012. Participants in this chat were: Paul Murphy Bryce Elder/FT PMMorning PMWelcome to Markets Live
Pink picks
Comment, analysis, and other offerings from Thursday’s FT,
Philip Stephens: A telling tale of two Mitterrands
Some arguments do not go away. I was in Brussels this week when eurozone leaders signed up to Angela Merkel’s fiscal pact.