The Traderszone Network

An interesting tidbit from Jamie Dimon’s latest letter to shareholders.

OMOs: People’s Bank of China injects 40bn yuan via 7-day reverse repos today
Anyone else do a double-take on that?
I sure did
Huge drop for the CNY at the ‘fix’ today

, and more on the Monetary Authority of Singapore moving to a neutral policy stance on the SGD
Headlines are here from earlier
– Singapore’s central bank eased its monetary stance

This might be of only local interest, but here it is anyway
– Victoria’s state budget will set aside $1.46 billion over four years to complete the project to connect the West Gate freeway to Citylink

Moody’s comments  crossing the wires
– Australian federal spending cuts may be modest
– Climb in Australian government debt would be credit negative
– Moody’s sees Australian government debt-to-GDP to rise to around 38% for the 2018 fiscal year (from 35.1% in F2015)

Headlines via Bloomberg

OPEC said global oil production outside the cartel is falling more sharply than expected, as producers continue to retrench almost two years after crude prices started what has been its sharp descent.
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Not from the Onion:

LA unions call for exemption from $15 minimum wage they fought for

Los Angeles city council will hear a proposal on Tuesday to exempt union members from a $15 an hour minimum wage that the unions themselves have spent years fighting for.

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