Posts Tagged ‘Nakheel’

Abu Dhabi Rushes To The Rescue

Looks like Nakheel PJSC bonds will be paid off in full. Bloomberg link: Abu Dhabi Bails Out Dubai World With $10 Billion.The move has prevented Asian stock exchanges from going into negative territory; Europe is trading up around 1% in average. Short follow up on last weeks U.S. economic data: Jobless claims ticked up reaching […]

New Stimulus

After Germany (the U.S. is stimulating all the time), Japan announced some sort of stimulus. Telegraph story:  Japan unveils $80bn of direct spending in $274bn stimulus package. $80 is peanuts for a Japan size of economy. The monetary stimulus was also small. Looks like politicians are trying to convince people they are doing something. Yesterday’s […]

Correlation Divergence

Well I must admit that I don’t have a clue what’s happening in the markets now. The markets opened positive on large positive surprise in non-farm payrolls and in mid of trading  everything reversed. Three reasons come to my mind: first is a deeper look in unemployment numbers; the second one would be the new […]

 

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