Regular readers will be familiar with our increasing concerns about the eurozone, as outlined in Monday’s blog post. Following an extraordinary session of Business Monitor International’s Politburo Standing Committee (in this case our Europe and Global Analysts), we outline our core views on the eurozone debt crisis: Policymakers will take the necessary steps to prevent… [Read more]
Mark Schaltuper, Head of Europe Country Risk and Financial Markets, and Tim Cooper, Chief Economic Strategist, come together to discuss Business Monitor’s latest Special Report titled “Market Meltdown: Global Economy On The Edge”. With the US reeling from debt concerns after losing its AAA credit rating, the eurozone dogged by the ongoing sovereign debt crises,… [Read more]
The coming days and weeks will see macroeconomic and corporate data that has the potential to determine the path of global financial markets through the second half of 2011. On the macroeconomic front, upcoming data releases in the US will reveal whether the slowing of economic growth observed since the beginning of the year is… [Read more]
Although equities sold off in the wake of US Fed Chairman Ben Bernanke’s comments to the International Monetary Conference in Atlanta, my colleagues and I see little evidence of any change to the Fed’s overall outlook. Bernanke reiterated the FOMC’s expectations that higher headline inflation would prove a transient phenomenon; that the labour market was… [Read more]
Flash estimates for Q1 2011 growth in the eurozone’s core states released on Friday reaffirm our above-consensus outlook for the bloc, and should help underpin euro strength versus the dollar in the months ahead. France posted its best quarterly growth performance since 2006, while Germany’s growth was the best since reunification (at 5.2% y-o-y), both… [Read more]
In line with the view that Business Monitor Online promoted on March 3, euribor futures have traded much lower on the back of European Central Bank (ECB) President Jean-Claude Trichet’s hawkish comments on monetary policy. Most notably, he said that a rate hike in April was possible. Indeed, the June 2012 contract broke key support… [Read more]
On November 21, the Irish government formally requested financial support from the European Union, taking the first step in accessing the European Financial Stability Facility (EFSF). The move was largely expected, with visits to Dublin from EU, ECB and IMF officials earlier in the month signaling to markets to price in a bail-out (see Business… [Read more]
