The Bank of England has indicated that the pace of interest rate increases could accelerate if the economy remains on its current track. You have to wonder what the eminent experts on the MPC drink in their tea to be so off course about the current track of the UK economy.
In total, despite the big recession, the German economy has grown 26% so far this century and, even more importantly, 20% from the minimums of Q1’09. It is currently experiencing one of its best moments since the “V” exit from the big crisis.
Nick Malkoutzis | The decision earlier this month by an anti-corruption prosecutor to send to Parliament a case file that contained statements from three protected witnesses who accuse 10 politicians of accepting bribes from the Swiss pharmaceutical giant has unleashed all the negative and vomit-inducing elements that Greek politics has to offer.
The latest Financial Stability Report by the Bank of Italy concludes that “risks are diminishing in the banking sector”. This could give a false sense of security. The decline of non-performing loans reflects one-off write-downs rather than an improvement in credit quality.
Where do European family businesses see their future challenges given that they mean on average 40 to 50 % of all jobs of European private employment? Deutsche Bank has conducted a report to obtain overview of the sector’s views, concerning national and regional policies and developments in the financial sector.
Italy’s general elections on 4 March will likely be the biggest political event in the euro zone this year. They can be notoriously hard to predict, but the most likely outcomes are a new government from the current centre-right coalition or a new PD/centre-right coalition. The markets should absorb either event in stride; even if bond spreads widen, Allianz Global Investors believe Italy is still a buy as long as the centre holds.
Spanish Economy Minister Luis de Guindos has been chosen by euro zone ministers on Monday afternoon to replace ECB Vice President Vitor Constancio. Ireland withdrew the only other candidate, central-bank governor Philip Lane, at the start of the meeting.
As part of its restructuring process, Siemens is preparing a stock market listing for its health division, which will be the biggest operation to take place in Germany (it will make its debut on the Frankfurt stock market) since the IPO of Deutsche Bank in 1996. The company is valued at around 40 billion euros.
Spain is the European country with the highest fibre to the home (FTTH) penetration rate in Europe, with 33.9%, after clocking up around 1.61 million new subscrbers between September 2016 and September 2017,
On January 23rd, Germany’s Dax jumped to a new record high. But after no more than eight trading days, the German benchmark index lost over 7%, wiping out all year-to-date gains. Deutsche Bank AM’s reaction is optimistic instead: Its preference of German equities is the healthy macroeconomic environment and state of German corporations. On a 2-year horizon, the Dax could even climb to 15,000 points.