Reason to Doubt Sunny Forecasts for Germany
By Peter Lundgreen at Caixin | Corporations and consumers are optimistic about the prospects for growth in Germany next year, but this hope lacks supporting fundamentals.
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Moody’s Changes Outlook on Spain’s Rating to Stable from Negative
LONDON | By Moody’s Investors Service | Moody’s changed the outlook on Spain’s Baa3 government bond rating to stable from negative last Wednesday. Concurrently, Moody’s has affirmed Spain’s Baa3 government bond and (P)Prime-3 short-term rating.
Spanish November Jobless Claims Fall for First Time in 17 Years
MADRID | By Ben Sills at Reuters | Spain posted the first decline in November jobless claims since at least 1996 as economic activity stabilized after a five-year slump.
Markets Doubt of Fed’s Tapering
MADRID | By Francisco López | The U.S. latest unemployment data, as well as the gold price collapse and the movements of the sovereign suggest the beginning of the gradual withdrawal of the assets purchase by the Federal Reserve may be imminent. However, stock markets are not just quite sure the Fed will decide to start tapering at its last meeting of the year, since some macro indicators show the recovery of the first economy of the planet is not strong enough.
Spaniards Unable to Be Robbed
MADRID | By Alex García.
SPECIAL: Sovereign Funds’ Scope Reaches Spain
MADRID | By Julia Pastor | Sovereign funds’ bet on Spanish companies continued to be strong during 2012-13. Spain and its brands were these global investors’ favourite picks in the euro zone, overcoming English, German or French firms. The trend is to be renowed in 2014 because of their strong presence in the emerging markets of Latin America.
EU faces its ‘second Refoundation’
MADRID | By Claudi Pérez at El País via Presseurop | After five long years, the economic crisis has left a deep imprint in the EU, increasing mistrust between member states, but also cementing the belief in a common destiny. It’s time to bring renewed political leadership.
Positioning for the unstable Fed equilibrium
LONDON | By Barclays analysts | A new equilibrium has emerged where the Fed has managed to anchor front end rates via rates guidance while preparing markets for tapering. This environment remains risk friendly, but its stability is vulnerable to the speed of the recovery.
ECB’s Meeting: More Liquidity With Conditions
MADRID | By The Corner Team | With the holiday season around the corner and following higher-than-expected inflation data last week, nobody is expecting the ECB to lower rates on Thursday. The hottest issue on the table is whether to launch a third LTRO. Of course, markets are uncertain and we might suddenly be shocked by some unexpected news.
“Spain’s Growth Averaged 2.5% a Year For the Last 3 Decades”
MADRID | By Jaime Santisteban at The Corner TV | Economic growth in Spain is still weak and there is a risk the EU deficit goal could be overshot as both the public debt and the unemployment rate are too high. We discuss the current outlook and necessary reforms with Chairman of The Corner and former head of the Madrid Press Association Fernando G. Urbaneja.