Is the Eurozone recovering? What traders need to know April 13, 2015 Improving credit conditions point to sustained growth. The Eurozone economy seems like it might finally be back on track, with stock markets rallying and greater confidence that activity is picking up in a region that has long been mired in crisis. Although German shares and the FTSE 100 fell slightly yesterday, European stocks are [...]
The Eurozone will remain mired in crisis unless it faces up to the facts April 12, 2015 During my years in the trenches in Washington, my staff christened one of my favourite analytical canaries in the coalmine the “we are where we are moment”. That is, you can determine whether a crisis is actually being dealt with simply by looking at the rhetoric of the opposing forces involved. If they hadn’t moved [...]
Secret plans are being drawn up to kick Greece out of the Eurozone April 10, 2015 Eurozone countries are formulating plans to boot Greece out of the single currency, as expectations grow that Athens may default on its debts next month. A memo put together by the Finnish Finance Ministry, a close Berlin ally, talks of “very difficult political decisions” as the currency bloc braces itself for Greece’s cash flow to [...]
Greeks slam water-boarding tactics of Eurozone creditors April 1, 2015 PROGRESS on a deal between Greece and its Eurozone creditors was made last night, but not enough to ensure a deal before the end of next week, when Greece is due to repay €460m (£334m). City A.M. also understands that the cap on emergency lending to Greek banks was lifted by €700m last night. One [...]
Eurozone factories see growth but rebound lacks momentum April 1, 2015 MANUFACTURING sector growth in the Eurozone reached a 10-month high in March, adding to evidence that the economy is recovering from a slowdown late last year. A survey of private sector firms – Markit’s purchasing managers’ index – increased to a score of 52.2 from 51.9 in February, according to data released yesterday. While figures [...]
Warren Buffett: Grexit could be good for eurozone March 31, 2015 Warren Buffett believes a Greek exit from the eurozone could be beneficial for the region. The legendary investor and chairman of holding company Berkshire Hathaway waded into the issue currently dominating headlines of business publications across the continent. During a wide-ranging interview on US news channel CNBC, Buffett discussed electronic car manufacturers Tesla, the proposed [...]
Eurozone deflation: Consumer prices fell 0.1 per cent in March March 31, 2015 While inflation in the Eurozone fell for a fourth consecutive month in March the rate of decline slowed again, meaning it's even closer to returning to inflation. Consumer prices fell 0.1 per cent in March in line with analysts expectations, and up from -0.3 per cent last month, according to a flash estimate from Eurostat, [...]
Eurozone economies pick up just as Asian giants start a slowdown March 24, 2015 Global economic growth showed signs of shifting in March, as influential surveys indicated that the troubled Eurozone is starting to recover, but manufacturing activity falling in China. Even the stagnant French economy racked up a second consecutive month of growth, according to the study from Markit. Its purchasing managers’ index (PMI) recorded a score of [...]
Beware a taper tantrum after ECB QE – CNBC Comment March 23, 2015 Saying goodbye is one of the hardest things in life, especially when it is to a good friend who has brought you joy, peace of mind and, yes, profits. For investors over recent years, that friend has been easy monetary policy. St Louis Fed president James Bullard told CNBC yesterday that there was the potential [...]
Is the ECB speaking too soon in saying that QE is already helping the Eurozone economy? March 19, 2015 Danae Kyriakopoulou, an economist at the Centre for Economics and Business Research, says Yes Central bankers in Frankfurt have been patting each other on the back as the euro has continued to slide. At first glance, why shouldn’t they? Their QE has sent the euro tumbling, making Eurozone exports more competitive and raising prospects for [...]