By Tania Suárez, Madrid | European markets suffered form a slight contraction on Wednesday whereas the U.S. stood firm, not influenced by the European weakness nor the consumer confidence data and the Richmond. Barclays team suggest that money supply data meant both good news and bad news. Good ones first: “The trend in Europe is to raise liquidity, and usually (not always), that is associated with an economic recovery.” According…
Two thirds of Americans feel suspicious or skeptical about their country’s economic situation. According to a Gallup poll, only 23 percent said they were satisfied with the way things are going in the United States, down from a 28 percent satisfaction rate last month. Three months before the presidential elections, figures and sondages are multiplying. We’ll certainly see numbers shift, popularity indexes soar and fall before the D-day, and both…
“I don’t think ultimately that the Europeans will let the Euro unravel, but they are going to have to take some decisive steps,” US President Barack Obama said in a fundraiser event Monday night held in a New York high end hotel. Only four months before the U.S. election, Euro worries are inevitably playing a major role on this side of the Atlantic. Any worsening in the Euro zone situation…
By CaixaBank research team, in Barcelona | The US economy is leaving behind its vigorous start to the year and is on way to a weaker scenario than the consensus had expected at the end of April, after the publication of the gross domestic product (GDP) flash estimate for the first quarter. The main reason for this weaker tone lies in the loss of dynamism in the labour market’s recovery….
From valenciaplaza.com | Francisco Jorro, director in Valencia at Renta 4 Banco, said in a conversation with valenciaplaza.com that the ECB's rate cut had already been anticipated by the markets, but the move could still help growth plans in the euro area. What did you think of the ECB's decision? The truth is that a quarter down of a point was already discounted by the markes. Hence, not only the Ibex…
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…
buy cheap cigarettes By CaixaBank Research team, in Barcelona | In its World Economic Outlook, the International Monetary Fund (IMF) predicts a slowdown in 2012 that should be followed by a weak recovery in 2013. The good performance of the US economy and the implementation of urgent policies in the euro area have lowered the risk of a sudden relapse and mean that the slowdown will be less than had…
By Julia Pastor, in Madrid | Telefónica’s president César Alierta devoted his speech during the company’s general shareholder meeting to claim that markets are not considering the company’s growth potential, as well as to defend that Spain is “a very solvent country.” According to the data gathered by Link analysts, Alierta stressed Telefónica’s high dividend yield, which at current prices will be of 13,3% in 2012. In Alerta’s opinion, it…
LONDON | Consumers’ discretionary spending in the UK continued to deteriorate in March, and after inflation fell 1.1% from a year earlier, reaching its lowest level since February 2011. This equates to £113 less a year to spend on non-essential items. In its latest Spending Power Report released Monday, Lloyds TSB said hopes for a pick-up in economic activity in 2012 will go unanswered as consumers feel biggest squeeze in…
MADRID | Deutsche Bank analysts said that Spain will grow again from 2013, even though the country will not meet the current deficit targets. Spain will this year miss the 5.3% set by Brussels and will not be until 2014, a year later than planned, when the imbalance will be reduced to 3% of GDP. In a note published Tuesday and reported by El Economista, the bank’s experts explained that Spain…