Monday, January 12, 2015

Financial Report - January 12 , 2015 - ECB Meeting on January 22nd , Oil , Greece , Ukraine , Russia , Commodity prices falling to 12 year lows ( except gold ) , Venezuela ( does Venezuela default or have a visible financial crisis before Ukraine ? )

Tweets..... 1/13/15...



Excellent chart - energy is the new subprime; and who's got it? - : Those safe haven banks in Canada





Swift Energy cuts 2015 Capex by 70-75%



Suncor Cuts Capex By $1 Billion, Fires 1000 As It Implements Hiring Freeze 





Oops: API Crude Oil Inventories +3.9MM, Last -4.0MM





GUNDLACH SAYS OIL PRICE DECLINE WILL LEAD TO COLLAPSE IN HIRING












Ruble weakens beyond 66 per Dollar as prices continue to drop.











Moody's has cut to Caa3, two notches above default. Markets already treat Caracas as if in default.







Moody's on : Default risk has increased substantially as finances deteriorate due to lower oil prices.
















Oh, swell.... Greek deflation worsens sharply in December





Normal service is resuming in Russia's currency market





Gulf stocks sag again as oil keeps falling






Gold climbs to three-month high







expectations in free fall: Infamous 5y5y forward inflation swap just hist fresh low below 1.5%.










What does Mr Market want to tell us? CRB commodity index drops to lowest level since 2009.










extends selloff on UAE minister’s comments. WTI below, Brent near $45/bbl.









The new world order: The oil premium of Brent crude over WTI has narrowed sharply to lowest level since Jul2013.










Ruble (inevitably) weakens, beyond 64 as prices continue to drop. USDRUB now 64.90.






Tweets from 1/12/15.....









Chart: Russian 10yr government bond yield -









Chart: Russian 10yr government bond yield -

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JAPAN'S FIVE-YEAR BOND YIELD DROPS BELOW ZERO FOR FIRST TIME








I

doubt there will be any decision on QE at ECB GC's Jan 22 meeting. Mar 3 mtng in Cyprus looks more likely to bear QE fruits.







's Nowotny says 'many things still in movement on QE discussion'. ← Jan 22 date for decision on QE starts to fade.








Germany's Sinn Blasts "Deflation Is Just A Pretext To Bailout Southern Europe"










PIMCO’S SAUMIL PARIKH LEAVING THE FIRM, ACCORDING TO STATEMENT:BBG














BLOOMBERG COMMODITY INDEX DROPS TO 12-YEAR LOW





NOYER SAYS OPEN TO KEEP QE-RISK ON NATL CEN BANKS BALANCE SHEET. And who will bail out national central banks?







Chart: Russian inflation rate -










BNP Paribas reckons Russian banks will need Rb2.7tn ($45bn) to support lending and absorb loan losses, and Rb690bn ($11.5bn) for FX losses.






Pain in the Ukraine. Bonds battered as reserves shrink.









5y default probability jumps above 34% as oil prices collapse.Energy products account for 50% of govt revenue








's default probability jumps >96% despite Maduro says securing financing from Qatar.








's Nowotny says Greek exit from would be catastrophe for , Problem for other Eurozone members.







's Noyer: QE programme needs clear limits based on current debt levels. (MNI)








's Noyer: no obstacle to Jan QE decision. (MNI)







The new world oil order: US crude drops below $46/bbl for first time since Apr2009.