Bolsas emergentes

Not all emerging countries are the same

MADRID | By Francisco López | Argentina’s devaluation contagion pulled downwards such different assets as Brazil Stock Exchange, Argentinian or South African currency , or even Indonesia’s bonds. In Spain, the Ibex fell again by 1.1% losing 6.7% points in just six days, which means its hardest time in past twelve months. When panic spreads, investors do not consider each countries’ economic circumstaces individually.


Greeks are already voting with their wallets

MADRID | Markets have been plunged into utter chaos by the Greek political deadlock and the prospect parties staunchly opposed to the EU bail out plan may have the upper hand in the incoming elections. Panic has also been driven by light comments picturing Greece’s eviction from the euro as an anodyne and somehow inevitable event. Such a bullish appraisal does not emerge from Anglo Saxon analysts so much inclined to…

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Skandia: Spanish bonds’ weakness containable, banks fully funded until 2015

LONDON | The latest Spanish financial turbulences are unlikely to start a new downturn for risk assets appetite, Skandia Investment said in a market commentary on Thursday. The investment management company believes that the recent weakness in Spanish bonds, although may become a new phase of the euro zone debt crisis, should not affect equities and other risk assets. Rupert Watson, head of asset allocation at Skandia Investment Group, remarked that…