MADRID | By Francisco López | The first world power is doing worse than expected. USA’s GDP decreased in 1Q by 2.9% year on year, nearly three times the 1% foreseen just a month ago and far from 1.8% that Wall Street expected. European stock markets, unlike the American, reacted immediately with heavy losses. Spanish Ibex 35 leaded the way losing 1.25 and finished below 11,000 points.
MADRID | Ofelia Marín-Lozano | Stock markets are at maximum levels, but this is somehow tricky: such levels usually cause vertigo, whereas minimum levels lead to appetence for indebtedness and need to look for higher risk alternatives for investors who seek the actual yield.
MADRID | By Julia Pastor | The operator of all Spain’s stock markets and financial systems BME has a couple of good reasons to celebrate. The company’s trading volume increased by 49.8% on a y-o-y basis to €72.2 bn in May, as the so-called Tobin tax on foreign exchange transactions has recently been postponed by 2016. This tax could cut BME’s volume by near 10%.
MADRID| By J.P. Marín Arrese | Buenos Aires acted in the right way by bridging the gap between its currency real value and the fake official quote. Yet, in doing so, it has openly exposed the emerging countries’ vulnerability. For the last years, their expansion delivery showed an outstanding record harnessed by cheap money conditions and renewed risk appetite, once the financial crisis looked firmly under control.
MADRID | By The Corner Team | The Spanish market’s activity is reviving: after the continued rally of last weeks, the stock exchange reached a monthly historic record in its number of negotiations and traded 30% more than October 2012 –the highest figure in the last 27 months.
SHANGHAI | By Hong Hao via Caixin | A great amount of research shows bourse trends can be foreseen, even if those for individual stocks cannot. Is the stock market predictable? It has been a haunting question. As early as 1900, in his doctorate dissertation titled The Theory of Speculation, Louis Bachelier laid out in some 70 pages why predicting stock prices would be futile.
MADRID | By Fernando G Urbaneja | The Spanish stock exchange has regained interest for both domestic and international investors. Despite the uncertainties, the South European markets look now more attractive and have shown a positive behaviour in the last months.
BANGALORE | By Srikanth Vasuraj | Just a month ago the stock market collapsed and the Rupee fell to an all-time low. Now in just two days things seem to look up and everyone is smiling. What’s up?!
WASHINGTON | By Pablo Pardo | Maybe this time Bernanke is just trying to provoke a mini-crash to lay the foundations for a progressive withdrawal of the monetary stimulus in 2014 or, maybe, 2015.
MADRID | By David Fernández | Foreign investors are showing a sudden interest in assets made in Spain due to, among others, central bank’s last data, Europe’s decision to delay the deficit commitment by two years and international factors such as second-round monetary helicopter launched by the Bank of Japan. Will this trend vanish?