Morning Call

Overnight equity market’s in Asia slid following the moves seen in Europe and the US. Markets were spooked as Greece raced to sign a deal enforcing haircuts on private bond holders to receive critical bail funds and avoid a disorderly default. The FTSE 100 suffered its biggest one day fall this year at 1.9%, and the DAX and CAC 40 falling over 3%. Brazil’s economy has overtaken the UK for the first time, making it the second emerging economy to enter the top tier of economi…

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-The late buy in the US session some have contributed to a note released by JP Morgan stating that there is a 75% chance of a 3rd round of QE -The political tension in Middle East continues with widespread criticism of the ‘massacre’ in Syria. -UK Retails Sales on the rise stemming the hope of a recovery and avoiding a second recession -Wall Street bonuses down by 25% compared to last year according to US regulators – CityAM -Article released by IIF…

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-Relatively little macro data has been released today, with equity markets coming off slightly. -Concerns over the legitimacy of the Russian elections have been raised, with widespread allegations of vote rigging. -Gold broke through the 1700 level on stops being triggered. -US campaigns hear up as Romney advance and Obama gains –WSJ -Banks deposit €821bn at ECB –FT -Wall Street giant Goldman Sachs lost money last year for the first time in thre…

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