The Corner | June 26, 2015 | Three key issues are capturing market players’ attention this quarter: Greece, the next Fed moves and domestic policies. Once we overcome those uncertainties we’ll see a global expansionary cycle that could last for 3-5 years, Bankinter analysts believe.
LONDON | June 26, 2015 | Barclays | The lack of an interim deal between Greece and its creditors signals that the two sides remain divided despite being closer than they have been. Crucially, Greece agrees on pension savings worth 1% of GDP but it plans to get there mainly via higher contributions, while creditors prefer phasing out top-up pension payments and aggressively cutting early retirement.
ATHENS | June 25, 2015 | By Nick Malkoutzis via MacroPolis | It seems the easiest option for a left-wing party coming to power and needing to save money: cut defence spending. However, despite being under intense pressure from Greece’s lenders to find a way to meet fiscal targets over the next few years, making some of the savings it needs from reducing expenditure on the military is not as easy as it first seems for Syriza.
The Corner | June 25, 2015 | The U.S. Federal Reserve is adapting its stress-testing framework to cover the three global insurance companies that it supervises, since their failure could seriously jeopardize the economy.
The Corner | June 25, 2015 | As EU finance ministers are meeting for a second scheduled summit today, European equities opened lower: markets are cautiously optimistic for a deal between Greece and its creditors.
June 24, 2015 | By Jean Pisani-Ferry via Caixin | As the pace of action looks set to rumble on, countries should seek to make progress on resolving several key issues including the free-rider problem.
LONDON | June 24, 2015 | BARCLAYS | Although the news from Greece’s programme negotiations was mildly positive, we remain cautious on the eventual outcome as the situation remains very tense, particularly with respect to the banking sector.
BEIJING | June 23, 2015 | By Ye Xiang via Caixin | The country may be facing the end of cheap labor, but these changes are being driven by a more fundamental shift in the economic model rather than family planning policies.
The Corner | June 23, 2015 | Despite the Greek drama, the eurozone’s economy is picking up. Eurozone composite PMI jumped to 49-month high of 54.1 in June, according to research firm Markit.
LONDON | June 22, 2015 | UBS | Family-owned midcaps enjoy higher margins and ROE than their peers.