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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
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In Europe 12th March 2015

Europe and the Greek crisis: Will the real men of unity please stand up?

ATHENS | March 12, 2015 | By Nick Malkoutzis via MacroPolis | At first it seemed like a harmless joke. “And now for one member state, all the men need to take off their ties,” said European Commission first vice-president Frans Timmermans at the end of a recent photo shoot for the College of Commissioners in Brussels. After all, the Greek government’s penchant for not wearing ties has been the cause of lightheartedness from the moment SYRIZA came to power. 

 

No Picture

In Europe 12th March 2015

Eurozone inflation gives a respite

The Corner | March 12, 2015 |  EU inflation figures have offered  a more encouraging picture than was predicted.  Month-on-month inflation in the Spanish economy edged up 0.1% in February to 117.82, reversing a trend of four consecutive monthly declines.

FashionWeek2015 TC

Companies 11th March 2015

FW15: Extreme FX environment is benefitting Europe

BNP Paribas | March 11, 2015 | Fashion companies are showing their prudent confidence, pushing more sales through their stores, pricing, product innovation, digital and self-help. The sector is experiencing a rebound triggered by the ECB’s intervention and the euro weakness.

Yields are growing–for how long?

Markets 11th March 2015

Yield gap growing –For how long?

The Corner | March 11, 2015 | The euro sinked to 12-year lows on Wednesday due to the ECB’s money printing –which is pushing yields down (German 30-year government bonds are now lower than those on U.S. two-year paper), and increasing expectations of a rates hike on the other side of the Atlantic. ECB’s Governing Council member Ewald Nowotny insisted that negative bond yields in the euro area probably won’t remain for long.

ECB's president Mario Draghi

Markets 10th March 2015

Bonds sexier than stocks

The Corner | March 10, 2015 | Markets will need to get used to the Greek conundrum, experts at Link Securities commented, that is why euro area bonds are going to look more attractive than stock in today’s session. (Picture by Álex García.) 

An official ECB's tweet

Markets 9th March 2015

QE effects: “Bond prices will go up, then money will fly towards equities”

The Corner | March 9, 2015 | Peripheral bonds hit minimum lows on Monday as the ECB and the 19 national central banks started the much-awaited sovereign puchases on Monday. Short-term eurozone interest rates are expected to move deeper into negative territory as the QE unfolds. “This programme will mean a safety net for the eurozone equities and bond markets. However, we might see some corrections,” experts at Link Securities commented. Liquidity injected in the system “will first push bond prices up, but almost simultaneously will move towards equities,” Bankinter analysts noted.