Market chatter: goodbye to a quite unsettling quarter
MADRID | By Jaime Santisteban | Today we close a rather complicated quarter. Beyond 10-year Spanish bonds, this term turned out a little unnerving with Ukraine’s crisis, fears of deleveraging in China and Fed’s “hawkish” messages. J.P. MORGAN downgraded 1Q14 global growth prediction from 3 % to 2.3 % and now reduces US’s from 2 % to 1.5 %. Harsh weather may have affected the GDP by up to 1 %.