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Euro zone PMI in April at mid-2009 levels

The Purchasing Managers Index provides one of the most reliable hints about a country’s GDP behaviour, so isn’t difficult to agree with all observers that April’s relapse…

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The Ibex’s diem horribilis

The major European markets closed Wednesday in the negative, with losses of -0.93% for London and -0.78% for Frankfurt, while Paris scored +0.42%. But Milan with -2.6% and Madrid suffered the…

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Lack of appetite for risk

By Luis Arroyo, in Madrid | Please, bear with me. First, I took a graph from the Noah Smith’s blog, in which everyone can see…