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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.
trade growth impact

In Europe, World economy 15th November 2018

What to expect from US-China Trade War? Some ideas from a European perspective

Alicia García Herrero | 2018 will be recalled as the year in which the US wake up to China’s economic power through a trade war. The question to ask ourselves now is how this may affect Europe. The first issue to realize is that European and US exports into China are very similar, which points to a potential substitution of American products in the Chinese market but also the other way around, namely substituting Chinese exports into the US by European ones.

Four resignations in the cabinet of Theresa May are jeopardizing the Brexit deal agreement

In Europe 15th November 2018

The Brexit Agreement That Does Not Please Anyone

Despite the initial euphoria after an agreement was reached with Brussels on the UK separation from the EU, this was not easy for PM Theresa May. This morning, four resignations on her cabinet in just a couple of hours, meant the biggest blow to May’s leadership, and therefore sterling.

EuroStoxx50

In Europe 15th November 2018

Europe’s Worst Results Season In 4 Years

The economic slowdown in Europe is being felt in the third quarter companies’ results, which are leaving the stock markets in red. Losses are ranging from 4% to 12%, making the European results season show the worst trend in four years. It is interesting to review the main points that analysts at Morgan Stanley make.

Current EU major challenges-Brexit and Italy budget- move but still remain stranded

In Europe 14th November 2018

Current EU Major Challenges- Brexit And Italy Budget- Move But Still Remain Stranded

The European Union lived an intense day on Tuesday. UK agreed on deal with the EU, but now the question if it will pass the test. Also Italy announced no changes in budget, while the IMF showed a cautious view. Further confrontation ahead between Rome and Brussels is expected. As commented by analysts at Julius Baer, “the EC is trapped in a philosophy of austerity whilst the Italian government is committed to fulfilling the election promises of a fiscal boost.”

oil usa 1

Uncategorised 13th November 2018

Regardless Of Trump’s Comments, Oil Should Become Cheaper-US To Achieve Energy Independence In 2019

Saudi Energy minister Khalid Al-Falih confirmed over the last weekend that Saudi Arabia will take the lead in OPEC to counter the oil price rout. As signs of a glut are emerging in the US, Al-Falih set the tone for a need by OPEC to cut oil production by 1mn (bpd) from October levels. US President Donald Trump reacted immediately by commenting that OPEC should not make any cut. This made Brent fall back near 1% below the psychological barrier of $70/b and the WTI to below $ 60/b.

2019 European Parliament elections potentially a threat to EU unity like Brexit or the Italian budget saga

In Europe 12th November 2018

2019 European Parliament Elections A Potential Threat To EU Unity Like Brexit Or The Italian Budget Saga

The destruction of wealth in Europe continues and it will surely have political consequences in 2019 elections for the European Parliament. For Chris Iggo, CIO Fixed Income at AXA IM, “there has to be a risk that populists will receive more support.” The pressure from the electorate might be to force change in the way Europe is managed and to take steps to boost growth.