Markets

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Thursday’s chart: Spanish stock market operator data better than expectations

Financial analysts in Madrid warned that a ban on short selling would depress trading volumes even further while solving very little in terms of investor confidence recovery. At The Corner, we faithfully reported their disappointment with the authorities, whose small sticking plasters of policies would leave structural problems untouched, in most experts’ opinion. In the short term, though, there was something to look forward to. “Bankinter Broker and Afi experts gave…


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The markets shelve Spain’s rescue

By Íñigo Villegui | Capitalmadrid.com | Something is happening in the euro zone. The possibility of a purchase of bonds by the European Central Bank or by a bailout fund, which would favour the tightening of risk premiums and facilitate access to markets for public and private sectors, is getting closer. Or, at least, that’s what investors assume. They have gone from considering that Spanish finances were doomed to dismiss…


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The best bailout for Spain

The Spanish tether already seems overstretched. On Monday, the national institute for statistics published fresh data confirming a forecast released days before by the country’s central bank, which warned of a contracting GDP: at -0.4 percent, records for the second quarter of the year were indeed 0.1 percent worse than for the first three months. Private consumption and investment have fallen, year on year rates of industrial prices have risen…


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Spanish sovereign paper: war and punishment

How scared are investors of Spain’s debt? Very. So much so that judging by their behaviour, financial analysts in Madrid are increasingly adopting the language of their country’s politicians, if for different reasons. That is war out there for Spain’s sovereign paper, no one doubts. The Spanish debt has now been under extreme tension during a week and the pressure has pushed credit costs up whether it is for two…


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Bernanke’s speech on Europe: reading the tea leaves

NEW YORK | Federal Reserve’s chairman Ben Bernanke attended his semi-annual monetary policy report to Congress on Tuesday and Wednesday, insisting that the Fed remains in close contact with European authorities but the alarms of spillover are still on. “I don’t think they [Europe leaders] are close to having a long-term solution that will solve the problem and until they find those long-term solutions, we’re going to continue to see…


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Three silver lines in the euro sky

LONDON | You needn't be a bureaucrat in the payroll of any of the myriad of euro institutions to launch a campaign that points at the various strengths the common currency area still possesses. Day after day, whether it's new developments in politics or foreign direct investment balances, some piece of data brings up the surprising resilience that wows non-euro observers. Amid the sorry situation of the euro estate, JP…


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Chronology for the euro salvation

how to get your ex girlfriend back By www.consensodelmercado.com, in Madrid | Europe has been immersed in a long and complex change process for the last three years. The global currency department at JP Morgan has published a report marking out the path that Europe should be following in the medium and long term. It expects a main scenario in which no country member leaves the euro, but in which…


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US reax to “euro D-day” elections in Greece

ex gf goexback.com How to win back your ex NEW YORK | Hardly ever a small European country's parliamentary election has arisen that much attention in the U.S. Greece's vote on Sunday made the headlines in most American media, which have been following the european entangled crisis for the last months. The White House appeared to be sighing in relief. The worst case scenario for Washington (a quick and messy…


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Berlin is growing weary of saving the euro

text your ex back MADRID | For the first time since the crisis unfolded, Germany is starting to cast serious doubts on the euro zone sustainability. Acting as paymaster general involves such a woeful toll as to think twice before continuing to foot a growing bill likely to snowball out of control. It is under the uneasy impression that money spent on saving others is simply burned off. The temporary…


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Helga Jung: “We’ll get out of the crisis with a fiscal and political integration”

Helga Jung is the first woman to enter the board of Allianz, the largest insurance pool in the world, in the center of German finance. The group became Allianz Societas Europaea (SE) in 2006. With more than 78 million customers, 142,000 employees and a global presence in 70 countries, Allianz obtained an operating income of €7.9 billion in 2011. Its assets under third parties management are of €1.281 billion. What risks…