Macro Morning: Hanging on

By Chris Becker

Risk markets are up, even though there has been no resolution from the Greek crisis and there was a poor December retail sales figure from the US, as oil rallied nearly 5% again, with news that a ceasefire in Ukraine is imminent probably the main cause.

With the Germans conveniently forgetting some bits of their history and still hyper-obsessed about hyperinflation, the Greek debt crisis crawls on with rumours of “compromise” reached lifting most bourses.