World economy


Central banks' credibility

The Central Banks’ Tapering Process Is Slow But Sure

J.L.M. Campuzano (Spanish Banking Association) | The increase in the size of the central banks’ balance sheet has without doubt been one of the untraditional measures of the financial crisis. But the president of the ECB has anticipated that probably at its next meeting in October a scheme will be worked out to progressively reduce the asset buying programme.


Trump tax reform

Donald Trump’s Chance At A Good Deed

Benjamin Cole | With the announced mid-October resignation of U.S. Federal Reserve Vice Chairman Stanley Fischer, Donald Trump has a chance to do what Presidents Obama and Bush never did: appoint growth-oriented members to control nation’s central bank.


reinsurers

Re-Insurers entry point?

The 2017 hurricane season will cost a bundle but, according to Carax Alphavalue “when looking at a 5-year chart of the European Reinsurers’ performance, it is clear that the profit-taking temptation was a strong one.” Even after losing 12% since their recent (pre-storms) peak, the sector has outperformed the Stoxx600 by about a third.




Euro stoxx markets

The Impact Of Exchange Rates On Euro Stoxx 50 Companies

Any sharp movement in exchange rates usually has an impact, in the short-term, on global firms’ stock prices. This is true for those included in the major indices of reference, companies which sell, produce and make profits throughout the world.




southamerica

What Really Drives Latin American Equities

Latin American equities have been on a wild ride in recent years. After heavily underperforming global equity markets until 2015, their fortunes have turned. As pointed by Deutsche Bank AM, the MSCI Latin America Index is up by more than 20% in 2017. A closer look at correlations reveal Latin American equities correlate with metals and mining, not with politics.