Global Developments The stimulus package proposed by the US government triggered a resounding negative reaction on the markets: Wall Street displayed the worst weekly decline since November. The plan addresses unconvincingly two of the three... Read MoreRead More
Global Developments The IIF warns that after one of the most disastrous quarter for the world economy in the next few months other areas of strain will emerge extending the contagion from the financial sector... Read MoreRead More
Global Developments U.S. GDP contracted at a 3.8% (saar) clip in Q4, with real consumer spending falling 3.5% (saar), much better than expected with real consumption holding up better than expected. US consumer confidence dropped... Read MoreRead More
Global Developments The Inauguration of President Obama sparked optimism, but the US stimulus package still needs to be approved and the delay is seriously hitting the hopes of a recovery by year’s end. Global equities... Read MoreRead More
Global Developments Global equities were again hit by a series of bad economic news particularly from the US: US consumer and producer inflation fell by 0.7%mom and 1.9%mom respectively; retail sales plunged 2.7%mom; industrial production... Read MoreRead More
Global Developments Financial markets have been relatively calm due to the festive period and low volumes. This consolidation together with subdued volatility seems to indicate a willingness to look beyond the most dreadful quarter in... Read MoreRead More
Global Developments Financial markets have been relatively calm due to the festive period and low volumes. This consolidation together with subdued volatility seems to indicate a willingness to look beyond the most dreadful quarter in... Read MoreRead More
Global Developments Financial markets have been relatively calm due to the festive mood and low volumes. This consolidation together with subdued volatility seems to indicate a willingness to look beyond the most dreadful quarter in... Read MoreRead More
Global Developments The US Fed cut its rates to a range 0-0.25% to fight the incumbent crisis (all economic data from industrial production to housing markets and surveys fell sharply during the week) and the... Read MoreRead More
Global Developments Markets remain nervous, as outbursts of optimism are followed by sudden pessimism. Most of this behavior stems from political developments with direct repercussion on the US economic outlook. Earlier last week the speech... Read MoreRead More
