Sunday, August 29, 2010
Saturday, August 28, 2010
Thursday, August 26, 2010
Tuesday, August 24, 2010
Here’s Shakira shaking her golden boutty on the set of her new music video in Barcelona the other day. If the pics are any indication, her new video is already a winner. I’m literally mesmerized by the stunning combo of her booutylicious figure and her golden attire.
Thursday, August 19, 2010
Energy and agricultural goes their separate ways
A deteriorating outlook for world growth following US and Chinese data sent commodities back on the slide. Agflation is still a risk following the surge in the price of grains and soft commodities.
The major catalyst for the market last week was the US Federal reserve lowering their economic outlook and Chinese industrial output slowing down at a time where inflation is rising. In addition the US saw its trade deficit widening as imports from China jumped leading to renewed worries about tensions between the two big economies.
Investors continued to reduce risk with the main beneficiaries being secure government bonds with the yield on two year US government notes dropping below 0.5 percent. Not all bond news was supportive as the indebtedness of some European states where highlighted as spreads over secure German bonds began to rise again.
On currency markets the dollar regained its footing versus the Euro rising by 4.5 percent to 1.2750. Strongest of them all however was the Japanese Yen which rose to a fifteen year high of Y 84.72 versus the dollar.
Corporate Japan is operating on the assumption of a USDJPY above 90 for the next six month so the current levels hurts and some kind of verbal or actual intervention from the Bank of Japan can be expected should this strength continue.