The Traderszone Network

PBOC injects 20bn yuan via 7-day reverse repos
A weaker yuan (CNY) again today, yesterday’s set was at 6.5079

Did I write Silvio Berlusconi? Dear oh dear. Maybe it was auto correct. Donald Trump, sorry. My bad.
LOL
I wish I could take credit for it – but that’s the Australian Financial Review take on the Republican nomination:

Over the past several weeks, courtesy of the jump in oil prices from 13 years lows, the narrowly reopened window granting some companies the chance to sell equity and in some cases debt (and promptly use the proceeds to repay their secured lenders), and the various last-ditch extensions afforded to near-default oil and gas companies, the dire reality of the default wave about to be unleashed in the shale patch has been swept under the rug, if only briefly.

That is about to change.

read more

Reserve Bank of New Zealand interrupting the US political news!
– Stress test shows nz banking system can withstand severe dairy downturn
– NZ agricultural sector highly leveraged, poses structural risk
–

Though seemingly unconnected, Intel’s recent buyout of Israeli 3D imaging technology provider Replay Technologies perfectly exemplifies its post-PC growth plans.

Joseph Stiglitz is in Japan for economic meetings with Abe and senior officials, speaking with reporters
Comments crossing the Bloomberg
more to come

Senator Marco Rubio of Florida announced Tuesday night that he would suspend his bid for the Republican presidential nomination.