Thursday, December 25, 2014

Christmas Financial / Economy Round up ( December 25 , 2014 ) - Japan , Russia , China and Shale Oil In Focus !




Here is the story on this - Japan 10-Year Yield Falls to Record on Outlook for BOJ Purchases

Chart: JGB yield collapse continues, with the 10yr now below 32 basis points -

Russia ....

Russia’s international reserves fall below $400 billion to 5-year low
MOSCOW, December 25. /TASS/. Russia’s international reserves fell by $15.7 billion in the week of December 13-19 to $398.9 billion, the Central Bank of Russia reported on Thursday.
During the previous week (December 5-12) the reserves fell by $1.6 billion.
Russia’s international reserves have fallen below the $400 billion mark for the first time since August 2009.

Russia’s VTB Bank, Gazprombank may get aid from Welfare Fund by yearend — official Official support

MOSCOW, December 25. /TASS/. Russian lenders Gazprombank and VTB may receive aid from the National Wealth Fund until the end of 2014, Deputy Finance Minister Alexey Moiseyev told reporters on Thursday.

VTB earlier asked the government for 250 billion rubles ($4.8 billion) subordinated loans and Gazprombank for 100 billion rubles ($1.9 billion) financial aid.

Russia’s inflation to hit 11.5 % this year — finance minister

Beijing says Russia is able to overcome economic crisis itself, China ready to help

Russian government to issue 9-bln-rouble guarantee to Transaero airlines

China ....

China's Christmas Present To The World: Beijing Eases Again, Sets Non-Bank Deposit Reserve To Zero

It's time to pour one out for China's shadow-banking boom:

Tighter Government Rules, Jump in Stock Market Curb Informal-Lending Sector in China

So much for Helicopters dropping cash....

UPDATE: HK$4.8m recovered of missing HK$15m cash spilled from security van on Christmas Eve

Shale Oil....

Background: Have read that total volume of derivatives based on shale oil companies is 5x that on subprime mortgages in 2007.

Economically literate people - What do you make of claims shale oil bubble is the new subprime bubble? With $60 oil can it cause new crisis ?

Make No Mistake, The Oil Slump Is Going To Hurt The US Too