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  • Editor’s Picks / 1 hour ago

    No vote means bank failures, more poor leadership

    Business Spectator
    At least one, if not all, of the major Greek banks are likely to fail early this week. When this happens, the Greek economy will essentially come to a halt. Nobody knows what will happen, but it surely won’t be good. The other depressing consequence is that finance minister Yanis Varoufakis won't have to carry out his promise to resign. Syriza representatives have been miles out of their depth from the time they took office. Everyone with real knowledge and experience of financial markets and liquidity crises told the Greek government to stop playing chicken with the IMF and ECB. They should start listening immediately.
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  • Squawk / 1 hour ago
    China markets :The same pattern as 2007-2008......
    hanghai shares closed down nearly six percent Friday, lost almost 30 percent from the pick on June 15,200 points
    china's government relaxing rules on margin trading have failed to arrest the declines, margin loans have increased more than fivefold in a year to 2.2 trillion yuan ($350 billion)." china's securities regulator has pledged to crack down on market manipulation after rumors that foreign short-sellers were behind recent share price plunges.
    We see all the time that china markets has no natural behavior like other markets, the government constant attempts to intervene and prop up the bubble. ,meanwhile is not for the "good side"

    From the technical view: the support area stay on 3400 points , 3850 points are important level (high vol) ,resistance level at 4200 points - break above will lead the index higher, if it’s the same situation as 2007-8 so I'm expect for more Soaring before the collapse.
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  • Editor’s Picks / 2 hours ago

    Rice prices to soar as drought deepens

    Nikkei Asian Review
    Heat waves and drought have gripped South and Southeast Asia as El Nino has taken hold for the first time since 2009. It has brought heavier rainfall to the Americas and a hotter, drier summer to Asia. That is bleak news for rice production and exports as the three nations suffering from the drought – India, Vietnam and Thailand – are also the world's top exporters. The grain is the world's third-biggest crop after sugar cane and corn. Agriculture is feeling the impact of hotter summers. Global rice production fell 0.5% to 741.3 million tonnes in 2014 due to warmer weather, says the UN Food and Agriculture Organization.
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  • Article / 2 hours ago

    3 Numbers: High hopes for EZ retail, US labour conditions, US services

    editor/analyst /
    United States
    3 Numbers: High hopes for EZ retail, US labour conditions, US services
    Today’s release of the Eurozone's retail PMI for June will provide additional guidance on how the region is faring – with the main challenge likely to be holding on to May's advance. Across the Atlantic, a soft number for the Fed's Labour Market Conditions Index will likely be read as a hint that a September rate hike may not happen, while the ISM for services numbers are expected to show a relatively stable growth rate.
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  • Editor’s Picks / 2 hours ago

    Multinationals choose India as key R&D destination

    Nikkei Asian Review
    India has long been on the radar not only as a huge market, but also as a manufacturing and export base for multinational corporations, writes Go Yamada. With its large pool of talented workers with technical backgrounds, India also has great potential to grow into a global research and development centre. A number of multinationals have shown interest in India as an attractive R&D destination but recently a string of companies across a variety of industries have begun to set up their R&D centres or enhance existing facilities in India. The trend is putting sharp upward pressure on wages paid by foreign companies to Indian employees in managerial positions.
    Read article on Nikkei Asian Review
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  • Editor’s Picks / 3 hours ago

    Greek turmoil sends AUD to six-year lows

    Sydney Morning Herald
    The Australian dollar dropped to new six-year lows on Monday after a decisive "no" vote in the Greek referendum threw the country's future into doubt. Mark Mulligan writes in early Asia-Pacific trade, the local unit was buying 74.78¢, down 2% on the same time on Friday, and its lowest level since May 2009. The sell-off is part of a fresh flight to safe haven assets by investors, who fear Greeks' rejection of fiscal and structural reforms in return for European Union bailout funds could lead to financial chaos and ultimately undermine the Eurozone project.
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  • Article / 6 hours ago

    How to play Greece: Go long on EURUSD dips

    Blogger / MoreLiver's Daily
    Greece's referendum and an imminent threat of a "Grexit" sounds dangerous. It spooks markets. But after the initial panic, the institutions will have to come in to stop any contagion to other crisis countries. This could provide an excellent buying opportunity.
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  • Article / Yesterday at 23:37 GMT

    KVP's Macro Take: Greece heads for the exit gates

    Asia Macro Strategist / Saxo Capital Markets
    KVP's Macro Take: Greece heads for the exit gates
    'Oxi'. Greece has voted overwhelmingly to reject the financial lifeline proffered by Europe, choosing to roll the dice on its future rather than submit to more austerity economics. Meanwhile the AUD seems set to post further lows in the year ahead and as for Chinese equities - despite the correction, we haven't seen the end of highs.
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  • Article / Friday at 14:30 GMT

    WCU: Grains feel the heat while oil retreats

    Head of Commodity Strategy / Saxo Bank
    WCU: Grains feel the heat while oil retreats
    Commodities traded higher for a second week with most of the gains driven by a huge grains rally that saw corn and wheat rising close to 10%. The energy sector traded lower with crude oil struggling amid rising US inventories and rig count. Industrial metals traded quietly while precious metals failed to receive a safe-haven boost from the Greek debt debacle.
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