Articles by The Corner

About the Author

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.
Acerinox

Acerinox Calls For More Protectionist Measures Against Asian Overcapacity

The CEO of Acerinox reiterated current week the risks which the European steel sector has been highlighting for years, given that the arrival of steel from China is detrimental to their interests. He said he expects the company’s 2017 results to be significantly higher than those of 2016, driven by the recovery in prices and in demand.


ECB's communication strategy on QE

Unpleasant rumblings in Euro land

James Alexander | As some debate raged in the corridors of the ECB about both Draghi’s successor and over when and how to end the QE for the EUR, the common currency remained strong, helping keep the USD weak.




Trump right about German trade

Trump is Right about Germany, for the Wrong Reasons

Francesco Saraceno | I share with Donald Trump the belief that Germany is harming the world economy. (Ok, ok, it is not bad Germany, it is bad German trade. ). Yet, I think it is worth pointing out something trivial that is not emphasized enough. Trump is right about Germany, but for the wrong reasons. The problem is not the number of German cars circulating in the US, but the number of American cars not circulating in Germany.



Cars SeatTC

Autos Sector: A Kaleidoscope Of Conflicting Views

It looks as if sentiment has turned negative on the Autos sector over the last month. As reported by Carax-Alphavalue, “this has been as brutal as the previous month’s surge, confirming if needed how volatile investor perception can be on the sector”. The Autos sector is last month’s worse performer with a near 3% drop.


European Directive MifidII

“MifidII is built on the foundations of MifidI’s main failures”

Fernando Rodríguez | The MifidII obliges the 100,000 professionals who inform and advise on finances in Spain to be accredited as being technically qualified to do this job by January 2018. Spain is the only country in Europe which doesn’t have any regulation in place regarding professional qualifications.


markets

Eurozone Overweight Supported By Risk Premium

A decent rebound in eurozone equities in recent weeks brought up concerns that the market might already be overvalued by now. Julius Baer’s research clarifies that “valuation is not the main driver of our asset allocation as earnings definitively remain more important”. However, valuation is easy to observe and thus attracts quite some attention. One of the measures they are following is the equity risk premium.