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Articles by The Corner

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
European equities

Markets 13th November 2019

The S&P 500 has gained 233% since 2010, as opposed to 92% for the MSCI Europe

Igor de Maack (Natixis) | Years of negative rates may well be coming to an end, with a reversal of investor sentiment for bonds over the last few weeks. In fact, the French 10-year rate is now verging on 0%. However, these years will leave their mark in terms of the extravagance of the monetary policies implemented for the purposes of “Saving Private Capitalism”, lost on the battlefield of excessive debt and driven into the trenches of complex finance.

xi jinping greece

In Europe 13th November 2019

Sino-Greek engagement: Path to ‘win-win cooperation’ is not always linear

Jens Bastian (MacroPolis) | There are a number of recent examples which illustrate that China’s growing footprint in Greece is not exclusively a success story. Some ambitious projects either remain in the planning stage or have failed, others are delayed; despite the vibrant promotional rhetoric between Athens and Beijing.

Spain inflation

In Europe 12th November 2019

Eurozone’s macro adjustment – (mostly) Checked

The best indicator of activity in the Eurozone is not the PMIs, but the Sentix Index, the investor sentiment meter: although it is true that it is still at low levels, it just experience the highest rise since August 2009.

spain congress

Spanish economy 11th November 2019

Spain election: a sad and brief socialist victory

Juan Luis Manfredi (The Conversation) | The elections in Spain do not represent a second round nor a referendum or a presidential test. They cannot be compared to those of last April 28 despite the strategic over-action of political leaders. The socialist party had too much confidence on their advisors, the CIS public research institute poll and a social media-based campaign. 

NY traders

Markets 9th November 2019

The week that was: digesting the recent moves

Christian Gattiker (Julius Baer) | With all the macroeconomic numbers, political news flow and earnings season reporting that has been going on, investors have had their hands full finding time to assess the situation. At the same time, there has been a quite substantial price reaction. So, the easing of the news intensity has brought a pause to investor activity.

europe industry

In Europe 8th November 2019

IMF expects European industry to rebound

Although low growth in Europe is set to persist, the IMF points to a + 1.8% rebound by 2020 justified by the expectations that international trade will rebound and the industry will begin to grow.

German

In Europe 8th November 2019

Germany: No fiscal measures for now; DAX outperforming

There are a few paradoxes in Europe’s biggest economy unquestionable economic slowdown. Labour market remains solid. The last macro data shows a lower deterioration than expected, thanks to the expansion of other neighboring economies such as the French. Also, Berlin malaise has not hit the stock market. The DAX has outperformed other European indexes this year.