(Posted Singapore Monday, 825 a.m.)
Avoid Greece if you’re travelling to Europe. That’s the not so good news. The other is that the Japan Q4 real GDP is -0.6 (-2.3% YOY), that is not much better off than consensus -0.4%. There’s another Asian country on a negative QoQ GDP growth!
So far, the good news is that the Greek Parliament had approved the new austerity bill.
At point of writing, the commodity currencies and the Euro is much higher than New York close pointing back to Risk ON! The All Ordinaries, Nikkei and Seoul composite is higher than last week closing on Friday.
Meanwhile, President Obama put forward his budget request to Congress tonight with Retail Sales, CPI and Industrial Production to look forward for the week. Whether the rally continues depends on the outcome of the data released and investors’ mindset on interpretation of ...
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