Eurozone recovery unlikely to be derailed by Paris attacks, but long-run growth will depend on political responses, say economists November 16, 2015 The attacks in Paris are unlikely to derail the economic recovery in France and the Eurozone, economists have said, but equities could be hit this week and the longer-term economic outlook is clouded by possible political decisions. "It is obviously likely to significantly hit the Paris economy in the near term, and there could also be a knock-on [...]
Drop in Eurozone industrial production points to lack of momentum in the economic growth October 14, 2015 Industrial production in the Eurozone took a breather in August as it failed to add momentum to its lacklustre recovery. Industrial production – which includes manufacturing, mining and energy production – dropped 0.5 per cent in August compared with July, according to data published by European statistical office Eurostat this morning. Of the big four [...]
Eurozone investors and businesses shrug off global fears in September September 24, 2015 Business and investor confidence is holding up in the Eurozone, despite volatility in global markets and fears over Chinese growth. The IFO business climate index published yesterday, which measures German business sentiment, rose to 108.5 in September, despite analysts predicting it would fall to 108. German companies reported greater optimism about future business developments, suggesting [...]
No pressure, Janet: Spotlight falls on the Fed as US central bank chief Yellen faces questions from Congress February 10, 2016 The financial world’s attention will fall on Janet Yellen today as the Federal Reserve chief faces a grilling by Congress, in the middle of a week of chaos on global trading floors. Shares throughout the world tumbled for a third straight session yesterday, while European banks lost another four per cent of their value. Financial [...]
Five things to expect from the Bank of England minutes October 6, 2015 With the minutes from the Bank of England's October meeting expected to be somewhat uneventful, economists are preparing to drill into the detail for clues as to when it will start raising interest rates. This month's meeting took place ahead of the second round of so-called "Super Thursday", when the central bank treats investors to [...]
City Moves for 14 October 2015 | Who’s switching jobs October 13, 2015 EDMOND DE ROTHSCHILD ASSET MANAGEMENT Agnès Belaisch has been appointed head of the sovereign debt team at the asset management firm. Based in the UK, she was previously in charge of economic and market analysis at the European Stability Mechanism, and has held roles at the IMF. ANV HOLDINGS The insurance group has appointed Janet [...]
City Moves for 21 October 2015 | Who’s switching jobs October 20, 2015 RO REAL ESTATE The commercial property investment and development firm has appointed Nick Moore as senior investment manager. He joins from Lloyds, where he was director in its real estate division. Moore has 15 years’ experience in commercial real estate and has also held roles at PRUPIM, Warner Estates and DTZ. WILLIAM BLAIR Michael Collinson [...]
City Moves for 19 October 2015 | Who’s switching jobs October 18, 2015 BNP PARIBAS Wike Groenenberg has been appointed global head of emerging markets strategy at BNP Paribas Corporate and Institutional Banking. She was previously head of strategy for BlueBay Asset Management’s emerging markets macro fund. Groenenberg has also headed emerging market strategy at Citigroup in London, managing a team of strategists in Europe, South Africa and [...]
Oktoberfest 2015 price hike: How much more beer at Munich festival costs this year September 18, 2015 The world's largest beer festival, Oktoberfest in Munich, kicks off for the 182nd time tomorrow. Unicredit analysts have crunched the numbers to find out how much more a Maß – the Bavarian word for a litre of beer that comes in one of those huge, dimpled glass mugs – will cost punters this year. One Maß costs about €10.2 (£7.48) compared [...]
Industrial production up in Spain but down in France September 10, 2015 Industrial production has jumped in Spain as its economy continues with its recovery, but it has dipped in France, raising further growth concerns for the Eurozone’s second biggest economy after it stalled in the three months to June. Production in Spain climbed 0.6 per cent in July and is now 5.2 per cent greater than [...]