Disarmed austerity
MADRID | By Luis Arroyo | Since Quantitative Easing programmes began, the dollar has been strengthened, that is, its price has gone up against the most used currencies in the international markets.
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The presumption of US resumption of growth
SAO PAULO | By Marcus Nunes | This “resumption of growth” view has spread like ‘bush fire’. But why?
Inverseguros’ Alberto Matellán: “The Euro could go below $1.20”
By Alfredo Aranda, in Madrid | The course of the euro seems to be clearly bearish, according to some analysts. However, in contrast with previous situations, the depreciation of the single currency is more the result of the actions of the ECB than due to traditional factors such as monetary or economic policies. According to Alberto Matellán, the liquidity injection carried out by both the Fed and the ECB are directly…
De Jager: "Definitive summit? The Anglo-Saxon press made that up"
Passing on a clarifying (!?) note from Citi analysts… “The first comments, which anticipate a much discussed and possibly without clear conclusions summit in Europe today, were disappointing. Especially on two, at the moment, important issues: banking and the EFSF. Also, the markets themselves were disappointing. Gold has again gone up sharply ($ 1,714 an ounce) as well as raw materials (crude oil $ 111.35 per barrel). This rise is…
De Jager: “Definitive summit? The Anglo-Saxon press made that up”
Passing on a clarifying (!?) note from Citi analysts… “The first comments, which anticipate a much discussed and possibly without clear conclusions summit in Europe today, were disappointing. Especially on two, at the moment, important issues: banking and the EFSF. Also, the markets themselves were disappointing. Gold has again gone up sharply ($ 1,714 an ounce) as well as raw materials (crude oil $ 111.35 per barrel). This rise is…