Regulators Seek Formula for Handling Algorithmic Trading
As institutional investors embrace computer programs that rapidly place orders, the government tries to figure out how to regulate the practice.
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When Machines Think for Themselves: the AI Threat
A future in which machines are more intelligent than humans still seems the realm of science fiction. Just trying to use the voice search function on your smartphone might suggests this is the case, and that machines won’t be dominating the world for a long time to come.
The Oil Prospect of ‘Lower for Longer’
Analysts at UBS are cutting our oil price forecast for the period 2015-19 and cutting long-term normalised view to $80/bbl from $90/bbl. Near oil term forecasts reflect the prospect of a lower 3Q outturn and the base from which we see the recovery in prices rising from
Political uncertainty over upcoming elections weighs on Spanish stock market
The proximity of the regional elections in Catalonia, due to take place at the end of this month, combined with the uncertainty over the results of this process and its consequences, is leading foreign and many domestic investors to reduce their exposure to the Spanish stock market.
Interview to James K. Galbraith: When is a rescue not a rescue but a seizure of assets?
By Luis Martín via Truman | Professor at the Lyndon B. Johnson School of Public Affairs (Texas), James K. Galbraith was advisor to the Greek Minister of Finance, Yanis Varoufakis, from February through July 2015. In this interview he spoke about the Greek crisis and the challenges ahead for the euro currency.
Rationalizing China’s Exchange Rate Policy
By Yukon Huang via Caixin | Promoting the yuan as a reserve currency makes more sense regionally, but this would mean accepting more volatility relative to the U.S. dollar.
ECB next stress test to affect just 50-60 banks
The European Central Bank will examine the European banking sector again in 2016. The stress test will maintain the same structure as in 2014, but the Asset Quality Review will not be carried out this time round.
And the Winner is (should be)…. Fiscal Policy!
PARIS | By Francesco Saraceno | So, Mario Draghi is disappointed by eurozone growth, and is ready to step up the ECB quantitative easing program. The monetary expansion apparently is not working out as planned.
Greek QE eligibility? We’re not there yet
By Manos Giakoumis at MacroPolis | Following the European Central Bank’s governing council meeting on Thursday, Mario Draghi provided more detail about issues relating to the eligibility of Greek government bonds (GGBs) for the Quantitative Easing (QE) programme and reinstating the waiver on Greek government securities for ECB funding.
Why is China finding it hard to fight the markets?
By Alicia García-Herrero at Bruegel | Sitting on a pile of debt, China’s only way out is to deleverage: more pain now for sustainable growth later. [Figure: China’s augmented fiscal deficit as % of GDP.]