Monetary policy may run out of steam
J. P. Marín-Arrese | While betting on such firepower helped to ground the recovery, its ability to deliver a sustained boom seems less obvious.
ecb qe
Debt and monetary normalisation, a complicated cocktail
After nearly a decade of easy money, the financial markets and the economy have not just become addicted to debt, but also indifferent to the continued growth in global debt.
ECB Liquidity Is Not Fungible For Emerging Markets
BARCLAYS | We believe a further expansion in ECB QE will only have regional, and overall limited , effects on EM. Extending the discussion to the effect of BoJ QE, we come to similar conclusions.
German factory output disappoints
The Corner | April 8,2015 | German factory output disappoints as fears of slowdown in the U.S and China hit exporters in Europe’s largest economy despite the weakened state of the euro. Elsewhere, retail sales are expected to contract in the euro area having shown gains since the final months of 2014.
The Spanish economy is growing at cruising speed: 3% in now within touching distance
MADRID | March 27, 2015 | By Francisco López | The Spanish economy is currently growing at cruising speed and looks set to remain at its current altitude in the medium term, with the possibility that growth could exceed 3% this year.
EU data shows signs of recovery
The Corner | March 25, 2015 | EU data appears to show that the currency bloc is finally on the way to recovery. Figures from Spain today are likely to confirm the country’s improvement, but concerns remain about the predicament of the Greek economy.
Draghi to offer QE update as outlook improves across the eurozone
The Corner | March 23, 2015 | Mario Draghi’s speech will be in focus as traders seek further information on the effect the ECB’s QE programme is having. This week is likely to see strong growth figures posted in the US, while inflation in the eurozone will continue to languish. Greece will again be under the microscope on international markets, as direct talks between leader Alexis Tsipras and German Chancellor Angela Merkel finally get under way.
Negative bond yields aiding QE
The Corner | March 18, 2015 | What does negative bond yields mean psychologically for investors?
Has the Spanish Treasury hit upon the right strategy with longer maturities?
MADRID | By Francisco López | March 16, 2015 | Some opportunities are not to be missed. The Spanish Treasury’s first auction since the ECB launched its sovereign bond-buying program saw yields fall to their lowest levels in history.
ECB to detail QE plans
The Corner | March 5, 2015 | Markets are again looking to the ECB for a gauge as to where the continent is headed, with Mario Draghi expected to announce more detailed descriptions of the bank’s QE plan. Elsewhere, data from Germany, Italy and Greece are likely to highlight the divergent fortunes of countries within the single currency area.