The biggest apparent bubble is in housing, but prices have surged for niche assets, too, such as calligraphy, antiques and art. In May, futures prices for soybean meal, used as pig feed, jumped 40%. The pipe-making material PVC is up 40% so far this year on the Dalian Commodity Exchange. Source: WSJ
Gefira Anticipation Bulletin
Gefira provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
Yearly subscription: 10 issues for 220€
Introduction price currently for 160€
The euro clearing houses that currently trade from London could only remain in the city after Brexit if the new framework is “strong enough.” But, for now, such a possibility sounds “challenging,” an executive member of the European Central Bank told CNBC in Davos. Source CNBC
Retail sales in December dropped 1.9% from the previous month, according to official figures. Sales across all main retail sectors declined, with the heaviest falls coming at non-food stores, the Office for National Statistics (ONS) said. It was the biggest monthly fall for more than four and a half years. Source BBC
The number of unemployed people registered with Greece’s Manpower Organization (OAED) came to 1,072,652 in December, showing a rise of 24,991 from the same month in 2015, when they came to 1,047,661. Source Ekhatemirini