The Corner | May 10, 2015 | Markets seem to be suffering from “uncertainty hangover,” as Bankinter analysts put it. They are worried about the short term, after the last US DGP weaker numbers and the decrease of appetite for German bunds. But isn’t that sensible to stop betting on negative yields? In the graph above: Current 10yr government bond yields across the EU. Source: Saint Louis Fed/Seeking Alpha.
The Corner | May 8, 2015 | German automaker Volkswagen announced its intentions to invest €4.2 billion in its Martorell and Navarra plants in Spain between 2015 and 2019. The amount almost equals what all car manufacturers have invested in the past three years. The VW group employs 22,000 people in Spain through its 12 brands.
MADRID | May 8, 2015 | By Félix Lores Juberías and Ignacio San Martín at BBVA Reasearch | Housing sales growth moderated in February while the mortgage market regains dynamism. On the other hand, the upturn in construction activity was mirrored in the land market, with an increase in transaction numbers and a mild rise in the price of urban plots.
May 6, 2015 | UBS | April European cash equity volumes remained flat but were +27% ahead of the same month last year. In the US, combined average daily NYSE and NASDAQ value traded was down -4% m/m and -6% y/y.
The 2015 UK General Election could see the end of the Conservative-Labour dominance in Westminster.
PARIS | May 5, 2015 | By Franceso Saraceno and Paul Hubert | We subscribe to Krugman’s view that financial stability should be targeted by combining macro- and micro-prudential policies, and that inflation targeting is largely insufficient.
BERKELEY | May 4, 2015 | By Barry Eichengreen via Caixin | Chinese policymakers could depreciate the yuan, try monetary expansion or turn to fiscal stimulus. They could also do nothing.
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The Corner | May 4, 2015 | For the past 17 months, operating in the Spanish manufacturing sector has been easier (more output and new orders were registered), thanks to an increasing client demand, according to the last PMI data released by Markit, although the firm’s indicator posted 54.2 in April, down fractionally from the reading of 54.3 in March.
The European Union is planning to act against human traffickers in the Mediterranean. But the plight of refugees can only be relieved when the EU’s foreign policy engagement is strengthened.