Danske Bank ‘Calls Off’ European Debt Crisis Due To Positive PMIs Whilst Elsewhere Caution Is Urged… The extremely healthy manufacturing PMIs, published by Markit Economics on the morning of Monday September 2nd, provided a massive boost to European indices once the news eventually reached investors. Other than France every European country measured by Markit registered […]
Why FX Intervention Never Works And Those End Of Week Spikes… There were two fascinating articles that caught our eye over the last 24 hours that weren’t given as much publication in the mainstream financial press as they deserved. One concerned the currency spikes many of us observed every Friday at 4pm London time each
Dubai’s Index Crashes By Over 7% As The Drums Of War Begin To Beat… The escalation of the crisis in Syria encouraged investors to sell off stocks in Gulf markets and cash in on many of the significant profits already registered so far this year. The ramifications of the intense speculation were not isolated to
Currency crises get ‘real’ for Brazil, India and other emerging economies When not discussing the ‘T’ word (tapering) the financial press has recently delivered many articles on the situation regarding India and in particular its collapsing currency the rupee, which is devastating the Indian economy. India’s financial woes are critical. The rupee has depreciated by
FOMC minutes released, so what were the key decisions? The volume of articles written after the FOMC minutes has matched the volumes written before the publication of the minutes, but only just. Many analysts will have been busily dissecting the narrative since it’s been published, in order to look for hidden ‘code’ as to when
No Va Va Voom To Greece’s Recovery As China Set To Overtake The USA In Energy Demand By 2015… There’s been mixed news regarding Greece over recent days. Firstly the good news; we recently learned that tourism has increased in Greece versus this time last year. Tourism receipts in Greece have risen by 21% to
The current economic situation, according to the Bundesbank… By now we’re all familiar with the ‘T’ word – “tapering”. Will the USA Fed taper, won’t they, by how much, how will the equities markets react, will the earth stop rotating..? But how many market analysts and investors turn their attention to former central now more
The Eurozone is set to emerge from its double dip recession in ‘GDP day’ on Wednesday Figures published on Tuesday by Eurostat, the EU’s official stats office, revealed that Eurozone industrial output rose by 0.7% in June, just a decimal point away from the 0.8% forecast by the economists polled, but still a significant rise
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Greece’s economy shrinks by 4.6% in the second quarter of 2013 Greek GDP has fallen by 4.6% in the second quarter, compared with the same period in 2012. The figure was significantly better than the 5% contraction predicted by the economists polled by Bloomberg and better than the 5.6% contraction experienced in the first quarter.
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Bored of hearing the word “tapering”? Welcome to the words “forward guidance”… So the ‘rock star’ central bank governor, Mark Carney, gave his second press conference in his new appointment as Bank of England governor. And the waiting media, particularly the UK media, continues to behave as if they’re love struck teenagers watching One Direction
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