IIFT Daily Note with Peter Brown & David McWilliams

David’s Daily Note – Pay Day!

Posted by:  |  Time: 10:16 am  |  Topic:
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Daily Note – Pay Day!

this-was-huge-win-for-me-usually-immediately-broke-on-payday--52216Summary

  • Wage growth & Obama’s overtime
  • Eurozone: Manufacturing data remains robust
  • United States: Data paints a pretty picture
  • United Kingdom: Ticking along

Good morning,

As the domestic US economy hinges upon the consumer, it goes without saying that wage growth will play Continue Reading →

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NFP the big event today.

Posted by:  |  Time: 7:40 am  |  Topic:
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Commentary:

On and on we go. I thought we had lift off a one stage yesterday and the DAX was heading back strongly. I think it is clear that the Euro Group have won. Greek Prime Minister Alexis Tsipras came on air to dampen speculation that he may cancel the Continue Reading →

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David’s Daily Note – Euro, Drachma, Both?

Posted by:  |  Time: 11:09 am  |  Topic:
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Daily Note – Euro, Drachma, Both?

old-greek-drachmas-and-eurosSummary

  • Greece’s options laid bare
  • Eurozone: Inflation slows in June
  • United States: Consumer Confidence at cycle highs
  • United Kingdom: GDP revised higher

Good morning,

Yesterday was a truly historic day. Greece became the first advanced economy to have failed to meet Continue Reading →

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We are set to run and run.

Posted by:  |  Time: 7:31 am  |  Topic:
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Commentary:

Well, we are set to run and run on this Greek crisis. Attempts to pull off a last minute debt deal were rejected and it looks likely we will reach the weekend referendum with no deal in place. There are meetings all the time and the ECB will have Continue Reading →

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David’s Daily Note – The eye of the storm

Posted by:  |  Time: 9:38 am  |  Topic:
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Daily Note – The eye of the storm

Hurricane_Isabel_from_ISSSummary

  • Greek views as the dust settles
  • Eurozone: There’s more than just Greece!
  • United States: Housing remains strong

 

Good morning,

The Greek situation remains fluid, but we now have a clearer idea of what to focus on over Continue Reading →

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More big moves expected.

Posted by:  |  Time: 7:35 am  |  Topic:  |  Comments: 3
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Commentary:

Well what a day, the DAX opened down 700 points and then put in an impressive rally. Just when we thought the market had settled down we had a US led sell-off late on. Yesterday was a strange day, the product I thought would be volatile e.g. gold was Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 3:37 pm  |  Topic:
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Daily Note – Greece today and nothing else

atm-greeceSummary

  • Hybrid Havana Capitalism!
  • Just Greece!
  • Eurozone: Two sides to every coin

 

Good morning from Havana,

This is a wild and wonderful city, but if there is a living example of just how irrepressible the Continue Reading →

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Greek tragedy.

Posted by:  |  Time: 7:39 am  |  Topic:  |  Comments: 2
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Commentary:

This is set to be one hell of a day in the markets. They don’t come around too often but this is going to be wild. Greece pulled a stroke with this referendum on Sunday and the question is whether it will back-fire. The vote is a tough call Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 12:26 pm  |  Topic:
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Daily Note – Where’s the European Mandela?

nelson-mandela-400Summary

  • Update from the Rainbow Nation!
  • Eurozone: Greece in the balance
  • United States: Economy in focus

Good morning from Jo’burg,

South Africa although clearly with problems, is a brilliant example of good philosophical leadership. Things are going Continue Reading →

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No white smoke.

Posted by:  |  Time: 7:32 am  |  Topic:
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Commentary:

Will this ever get done? However it does show the stupidity of the whole process, trying to agree a deal of orderly repayments from a country that is totally bust. This has to end in a default, either inside the Eurozone or outside via a Grexit, the question is Continue Reading →

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Still Greece amazingly.

Posted by:  |  Time: 7:27 am  |  Topic:
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Commentary:

Well we are still trying to put the final touches to a Greek deal. Could it fall apart? I guess there is a chance. If that happens the market will go into a tail spin and you can expect to see the DAX below 11,000. But the odds are Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:35 am  |  Topic:
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Daily Note – Beatings continue, improving morale?

Annex - Laughton, Charles (Mutiny on the Bounty)_02Summary

  • Greece & Europe: Euro wobbling
  • Eurozone: QE still the major force
  • Eurozone: France making stuff at last?
  • United States: Yanks buying houses again!

Good morning,

I am heading to South Africa in the morning so no Continue Reading →

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Markets have calmed down

Posted by:  |  Time: 6:42 am  |  Topic:
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Commentary:

Well the markets have decided we have a deal. A bit premature but I suspect they are right. A collapse in talks at this stage would be a meltdown moment for the markets. Yesterday was a very calm session and I think a guide to conditions we can expect Continue Reading →

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David’s Daily Note – Three Continents

Posted by:  |  Time: 10:59 am  |  Topic:
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Daily Note – Three Continents

stock-footage-china-usa-eu-trade-with-container-ships-animationSummary

  • Europe: Greece now in the lap of the ECB
  • Europe: Watch the growth possibilities
  • China: Wobbling markets, rising activity?
  • United States: Yanks buying houses

Good morning,

While equities rallied yesterday, we had another day of choppy price moves as we bounced Continue Reading →

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Almost done, time to move on.

Posted by:  |  Time: 7:43 am  |  Topic:
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Commentary:

It looks like we are going to do a deal for Greece. No surprise there, as I said yesterday it is in no one’s interest for this to melt down into a Grexit. There are two issues here, firstly a deal will kick the Greece story six months into Continue Reading →

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David’s Daily Note – Trojan Horses?

Posted by:  |  Time: 12:26 pm  |  Topic:
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Daily Note – Trojan Horses?

Greece is the wordSummary

  • Greece is the word
  • Eurozone: Wither Bunds?
  • The Week Ahead: Lots of data!

Good morning,

It’s the make-or-break moment in Greek negotiations as leaders prepare to meet in Brussels. Here’s my takeon the politics of it all.

The volume was Continue Reading →

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Big, big day for Greece.

Posted by:  |  Time: 7:06 am  |  Topic:
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Commentary:

This is all about Greece. As they arrive at the Euro Group meeting with their latest proposal everybody must be hoping that this can get resolved today. When I say resolved I mean kicked down the road six months. Initially there is a pre-meeting so we may get info Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 12:37 pm  |  Topic:
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Daily Note – Greece will still be Greece, but the EU?

images (1)Summary

  • Europe: Who’s the chicken?
  • United States: Low inflation and lots of growth!
  • United Kingdom: Motoring.

Good morning,

Ramadan Mubarak to all of our Muslim readers! As the entire Islamic world begins their Continue Reading →

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A stable day before the mayhem?

Posted by:  |  Time: 7:40 am  |  Topic:
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Commentary:

More and more Greece, are we getting a deal or are we heading for a Grexit? I cannot answer that but I am still in the deal at the last minute camp. We may get that on Monday at the leader’s emergency summit. The market is very calm, indices Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 11:55 am  |  Topic:
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Daily Note – Has the ECB got any balls?

imagesSummary

  • Grexit more likely
  • Has the ECB got the balls?
  • Capital controls on the way
  • United States: All Good!
  • United Kingdom: Brits getting paid a bit more, finally!

Good morning,

If the Greeks leave the Continue Reading →

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