Higher profits blur picture of crisis-hit City
LONDON | The British banking sector is well capitalised by European standards, but banks now expect the ability to raise finance to become a significant limitation on business during this year.
Markets
Investors eye Ibex35 recovery as Barclays report signals worst may be over
LONDON/MADRID | Financial conditions have relaxed for government debt and will ease the current adjustment applied over the public and private sectors. Trends among foreign investors point at an Ibex35 rally in 2013. On the macroeconomic horizon, though, there are some doubts still fresh.
The return of the Spanish mortgage-backed bond
BBolsa analysts said this could be “a first step towards the stabilisation of the real estate asset-backed debt market in Spain, and housing market.
Carbon markets undeterred by euro woes
Justin Dargin | Global carbon trading could potentially be the most effective economic tool to regulate industrial Co2 emissions in the fight against climate change.
Emerging Europe is no brighter spot
By CaixaBank research | In emerging Europe, has the slowdown touched bottom? The bulk of the evidence available suggests that it hasn’t and that the fourth quarter will be worse than the third.
The Draghi speech in six charts
MADRID | JL Martínez Campuzano, of Citigroup in Spain, dissects yesterday’s speech of Mario Draghi. Some lights seem to be shedding hope over the eurocrisis, but it is a hard work in process.
Spanish economy’s net financing reaches 14-year high
Spanish economy’s agents have prioritised the reduction of their debt burden, and businesses’ savings have increased by 6.1 percent.
Happy risky 2013
MADRID | by Citigroup’s José Luis Martínez Campuzano | “There is, unfortunately, some shared ground between Europe and the US: the apparent impossibility to reach major political accords on economic policies.”
The City warns the US over kicking the fiscal cliff down the road
The figures don’t look too good. Raising taxes on the rich and simply delaying spending cuts for a paltry two months are going to do little to remedy the humongous US debt problem which amounts to over $17 trillion.
The future of the Spanish banks
MADRID | By Carlos Díaz Guell | The Spanish bank’s bailout, added to the reforms and decisions made during the last years, can effectively complete the country’s banking puzzle and halt the worsening of a seemingly never ending crisis.