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With China cutting its bank reserve requirements and lenders ready to rush into the markets with new money, we’re due for a sector rotation. Get ready to buy commodities, and keep a lookout for the ripple effects that come with demand for agriculture and metals.
The wait may be over for a formalization of the 130-billion-euro aid package for Greece to avoid a default in March. Bloomberg reports on Saturday that the Greek government has found the additional cuts to bring spending down to $427 million, a requirement led by Germany as part of further aid.
Bloomberg reports today that Maplecroft consultants has ranked Saudi Arabia, Turkey, and Vietnam the riskiest of 15 major growth economies.
Crude oil received a boost on Friday but the gains are eroding today as the Greek government dithers on how to keep foreign lenders satisfied.
Crude oil prices recouped some of their recent lost ground this morning as the U.S. Federal Open Market Committee pledged to keep interest rates low until at least late 2014 in order to boost growth and reduce unemployment.
