At Bankinter, analysts expect markets to register a further downward move in the coming weeks. In fact, they believe that markets right now “are probably too excited by the prospects of a coordinated and positive outcome for the euro zone. In reality, the only tangible factor one could be led by to optimism is the fact that the ECB has some unconventional measures taken, but these are not decisive in…
From the Spanish newspaper El Mundo | During the last three years, the Spanish government has lashed out against the markets, the speculators, the rating agencies and even against the Anglo-Saxon press because of the ‘distorted image’ it believes they present of Spain and its economy. Spain’s financial minister and deputy president Elena Salgado, and the Secretary of State for the Economy José Manuel Campa have repeatedly had to travel…
From the Spanish newspaper El Mundo | During the last three years, the Spanish government has lashed out against the markets, the speculators, the rating agencies and even against the Anglo-Saxon press because of the ‘distorted image’ it believes they present of Spain and its economy. Spain’s financial minister and deputy president Elena Salgado, and the Secretary of State for the Economy José Manuel Campa have repeatedly had to travel…
According to JP Morgan, taking the last 30 years, it appears evident that the S&P500 has an average annual return of 7.5%, which makes sense considering an average annual inflation of 3.5% coupled with an average GDP increase of 3% (as an average of the cycles), plus a modest risk premium added. “The greatest deviations in the last 30 years from this trend occurred during the tech bubble and the credit…
Step by step, European authorities may believe that they’re getting on with the job, but capital markets clearly dislike the speed; actually, the lack of any speed at all. The euro-group has requested further adjustment measures for 2013-2014 from Greece and wants an acceleration of privatisation plans, too. Unfortunately, it has been decided to delay the release of the €8bn sixth tranche of the first rescue of Greece beyond the initially marked date…
Step by step, European authorities may believe that they’re getting on with the job, but capital markets clearly dislike the speed; actually, the lack of any speed at all. The euro-group has requested further adjustment measures for 2013-2014 from Greece and wants an acceleration of privatisation plans, too. Unfortunately, it has been decided to delay the release of the €8bn sixth tranche of the first rescue of Greece beyond the initially marked date…
