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Apr 12, 12 •
4272 Views •
Market Commentaries •
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Comments Off on A Down and Dirty Look at the EUR/GBP
Towards the end of last year and early this year, the EUR/GBP cross rate joined the broader market repositioning out of the euro. Investors were well aware that the ECB will keep monetary policy extremely loose in the foreseeable future and will continue to...
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Apr 2, 12 •
4128 Views •
Between the lines •
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Comments Off on The EU Firewall – A Lifeline For Spain
On the last business day of March, the EU Finance Ministers announced their latest attempts to stave off the eurozone debt crisis by boosting the eurozone’s firewall to €800 billion ($US1.07 billion) on the same day as the new Spanish government Mariano...
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Mar 29, 12 •
6462 Views •
Market Commentaries •
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1 Comment
The EU commission, which is warning that euro-zone governments shouldn’t get complacent, also favours a much bigger firewall. It argues one is needed to signal to the market in advance that other euro-zone governments stand ready to backstop our bigger...
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Mar 23, 12 •
2693 Views •
Market Commentaries •
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1 Comment
German bonds had a second consecutive positive session on the back of bad EMU eco data whereas US bonds booked small gains. In a risk off sentiment, equities corrected further off the highs, commodities were dropped and on intra-EMU bond markets, spreads...
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Mar 23, 12 •
4746 Views •
Market Commentaries •
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Comments Off on Negative Sentiment Returned To Financial Markets As The World Slept
Negative sentiment returned to financial markets as the world slept with investors worried that the European heartland is now at risk of tumbling into recession. The flash PMI estimates for China, France, Germany and the wider Eurozone are published in quick...
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Feb 27, 12 •
9872 Views •
Market Commentaries •
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3 Comments
“All We Are Saying Is Give Greece A Chance.” Are Strawberry Fields Forever? Oh no, not The Beatles. Apologies readers, but as a native of Liverpool it’s often stomach churning to witness them being used to promote movements or ideals....
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Feb 15, 12 •
14898 Views •
Market Commentaries •
admin
4 Comments
It’s quite fascinating to note that whilst there is a Chinese delegation visiting Washington to meet with Barack Obama a European delegation is visiting Beijing. Whilst in the USA the Chinese officials have been very vocal their support of Europe (and...
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Feb 3, 12 •
8468 Views •
Market Commentaries •
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1 Comment
Pandora’s box is an artefact in Greek mythology, taken from the myth of Pandora’s creation in Hesiod’s Works and Days. The “box” was actually a large jar given to Pandora which contained all the evils of the world. When Pandora...
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Feb 3, 12 •
9901 Views •
Market Commentaries •
admin
1 Comment
“Greece Will Default On Its Debt And Will Eventually Leave The Euro” – Paul Krugman The USA jobs numbers could disappoint.. So another month ticks by and another ‘NFP day’ comes around. For what it’s worth my advice is...
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Jan 24, 12 •
4026 Views •
Market Commentaries •
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Comments Off on Greek & Euro Ministers Play Game Of Show & Tell With Private Bondholders
Following yesterday’s meetings in Brussels, Greek ministers have insisted that banks must accept a lower interest rate on the new Greek bonds that they will receive as part of the ‘swap’ deal. The 4% coupon demanded by the Institute of...