NB that the merged group will be just over 50% owned by Anglo-Saxon institutions, so talk of the "new metropoles" might be a bit premature. I'd follow the sell US/buy euroland tip, though -- next FOMC is 18 May. NB that payroll data is not the indicator of choice anymore since Greenspan's "rejecting the NAIRU" speech. I'd look at the trade deficit, and worry.
dd
))))))))))))))))
Pay attention to this, Lefties. Sanwa Bank is the financial core of the Sanwa keiretsu (500 billion euros in assets, 209 billion euros in annual revenues); Societe Generale is now part of the SG-Paribas conglomerate (which may or may not be absorbed into BNP at a later date), with 574 billion euros of assets. The new metropoles are taking charge at last. Sell those US stocks while you still can, and buy those Euro/Asia markets!
- -- Dennis
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