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In Europe 8th April 2012

Easter read (4) | Two years digging an empty grave for the euro

Many economists and the Anglo-Saxon financial gurus have been killing the euro month after month since early 2010. But, even if their doomsday predictions have miserably failed so far, their negative influence over the markets can not be neglected. By Fernando Barciela, in Madrid | PART 3 | Some banks, especially in the UK, were not far behind the panic wave and at that time announced that they had intensified their contingency plans before the more than probable failure of the euro. After…

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World economy 6th March 2012

Long read | JP Morgan’s Colin Fenton: “Oil price $130 per barrel by 2014”

WASHINGTON | Colin Fenton is the global head of Commodities Research and Strategy at J.P. Morgan. Fenton believes that there is margin for higher energy prices, with limited economic damage. Brent and WTI are behaving virtually like “two different commodities”, as one trader put it last week. Asia, tied to Brent oil, has relatively strong oil demand and limited supply, while the US is experiencing an energy production renaissance in the context…

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In Europe 6th February 2012

British SMEs feel down: they might be right

LONDON | Sentiment among the UK’s small and medium-sized manufacturers fell for the third quarter running in the three months to January, as output stagnated and orders decreased against a backdrop of heightened economic and political uncertainty, the CBI said. Of the 350 respondents to the CBI’s latest quarterly SME Trends Survey published on Monday, 26% said output rose while 25% said that it fell, and the resulting balance of +1%…

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World economy 20th January 2012

Unveiling the actual US unemployment data

Recovery problem: job rate’s pulse is weak, statistics are misleading, and the construction sector –that in 2004 created 14% of the jobs but last year didn’t reach 3%,– looks gloomy. WASHINGTON | According to provisional statistics, the US created 200,000 jobs in December and 1.64 million around 2011, being 2011 the best since 2006 in terms of job creation. The employment forecast for 2012 is 2.1 million –unemployment rate ended the…