Shanghai was the star performer today, gaining 1.5% as moves to open the domestic market continues to progress. New rules that will allow overseas listed companies to list domestically is a strong signal that China is open (and encouraged) for business. News that the regulator is to issue draft rules surrounding the issuance of CDR’s […]
The EU Commission is calling on Germany to pay up to €12 billion more annually into the EU’s pocket for the European budget. With Brexit, there will be a gap in their funding of some €3.5 to €4 billion euros. The EU, in reality, would have less to monitor, but there are never any savings in government. […]
QUESTION: Mr. Armstrong; You have said that Brexit is good for Britain and that the financial center could never move to Paris or Frankfurt and survive. Can you elaborate on that topic for us Brits? GS ANSWER: It is amazing that the politicians are so clueless and the heads of the banks are far too […]
Pretty much a waiting game for both Asia and Europe ahead of the non-farm payrolls report. The US – China trade talks were on everyone’s mind, but statements and comments were few and far between and so we closed Asia weaker more on concerns of what an assumed conclusion. The Hang Seng lost 1.3 as […]
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The Cologne Institute of German Business sees in the planned European deposit insurance is simply incapable of proving protection against a bank crash in Europe. The EU deposit guarantee is simply not practical under any concept of austerity. The Eurozone still has inherent significant risks in the balance sheets of European financial institutions. This is […]
Eurozone commercial banks will have to pay the European Central Bank 12% higher fees this year. The Eurozone banks must pay €474.8 million in fees for the supervisory services of the ECB. The cost of supervising the banks has risen to over €500 million and the ECB was to be paid. The ECB, on the one hand, […]
Obviously the focus of attention was always going to be on the US/China trade talks and so most of Asia closed mixed. Japan is still on holidays and not expected to reopen until Monday. Fears were certainly evident in Hong Kong, where the Hang Seng lost 1.3% today with losses from Energy, property, trade and […]
There is a major shift underway in the public sentiment that is underscoring why our computer has been forecasting the collapse in Marxist/Socialism. The message of the Democrats has been the same since the Great Depression – vote for us and we will rob those who have more and give it to you. When […]
A new technology is underway in the construction of the first robot cargo ship. This will be the first unmanned cargo ship to set sail. It is being constructed by Rolls-Royce. There is a catch. The international laws on shipping were set in place because of unions. As is, international shipping law states that ocean-going vessels […]
