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Europe

Stock markets skids, the subsequent panic and the downwards spiral,ready for sentence?

World economy 18th October 2018

European Vs US Stock Markets Or The European Banks Against The US Technology Firms

Ofelia Marín- Lozano | In recent years, one of the most repeated commentaries when recommending investing in European stock markets tends to be: Why should invest in Europe when the US stock markets outperform year after year? In 22 years of history which coincide with the birth of the Euro Stoxx 50, for the first fourteen years the two markets moved almost in parallel. Only since 2011 can a clearly superior and sustained performance by the S&P 500 be observed.

turkey eu flags

In Europe, Markets, World economy 17th August 2018

The Geopolitics of Turkey’s Currency Crisis

Shaun Riordan | The currency markets seem to have given the Turkish Lira a temporary respite. But the underlying problems remain the same: an unsustainable current account deficit; excessive dependence on foreign currency denominated (especially dollar denominated) debt; and high inflation.

Moments to remember from the euro crisis

In Europe 7th August 2018

Europe At Anchor

Obsessed by minor issues, Europe forgets the important thing. If it really wants to avoid a repetition of the banking crisis, it should apply itself to guaranteeing high and sustainable growth, as well as introducing solid cushions of own funds for hard times and a more efficient preventive supervision. However, reducing the problems of the Eurozone to no more than the health of the banks is an exercise in short sightedness.

Black Spanish olives could lose practically the entire US market

In Europe 24th July 2018

Black Spanish Olives, And By Extension The European Agriculture Sector, In Trump’s Hands

Within the framework of the comercial dispute that the US has opened with the EU, the Trump administration has launched a special crusade against the producers of black olives in Spain. According to US authorities, they have been exported to the US at “dumping prices” and damaged the Californian olive sector. The US Commerce Department began investigations in July last year on the Spanish industry, which are awaiting final confirmation. The definitive decision will be known today Tuesday.

Trump Kim Summit aimed at mid-term elections

World politics 12th June 2018

After Singapore, Europeans Must Take Responsibility For Their Own Future

Shaun Riordan | Trump’s behaviour at the Singapore Summit with Kim Jung Un has little to do with foreign policy, or indeed North Korea. Like his attacks on allies at the G7 Summit last week, it is aimed at the mid-term elections for Congress. Long-time US allies count for little compared to Trump’s domestic political needs. Europe must take responsibility for its own future.

Figures for consumption

In Europe 9th May 2018

Europeans Purchasing Power is Rising; Consumption will Recover

Francisco Vidal | The demand for credit from households continues to rise in the EMU and, in particular, consumer credit. Entries for lending of M3, once the figures have been seasonally-adjusted and the effect of certain changes in the perimeter have been factored in, showed that loans to households are growing at a rate of 3.0% annually, led by those earmarked for consumption (+ 7% annually)

Global utilities valuations

Markets, World economy 1st December 2017

Global Utilities: LatAm And Asia Growing Fastest, US Trading At Highest PEs, Japan At Tightest Yields

A recent report by Citi attempts to contrast global utilities valuations and highlight key investment opportunities. Summarizing, Asian and LatAm utilities, while growing fastest at 14-16%, trade at dividend yields of 3.5% and 5.3% reflecting risks. Japanese, US and European have dividend yields of 2.4%, 3.5% and 5.5% consistent with their growth profiles of 7%, 6% and 2.7%, respectively.