USA, Europe and China what is happening and what impacts can we except on the economies of the world… Last week kicked off with Fed Governor Jim Bullard trying to fan rising concerns about the Fed’s Treasury holdings of the…
USA, Europe and China what is happening and what impacts can we except on the economies of the world… Last week kicked off with Fed Governor Jim Bullard trying to fan rising concerns about the Fed’s Treasury holdings of the…
Cyprus Publishing the details of Cyprus bailout plan last week led to an increase at the financial markets risk premium. The increase seems to be fueled by Europe’s financial ministers decision that a substantial portion of the bailout plan will include…
Europe Most of the data published regarding the European economy were disappointing, suggesting the continued recession. Industrial production in the Eurozone decreased during the month of January by a monthly rate of 0.4% (versus an expected -0.1%), to a level…
Europe The ECB’s decision to leave interest rates unchanged at a level of 0.75% matched prior expectations. However, we mention that some members of the committee voted for an interest cut. For the first time since December, the decision to…
Europe Last week’s biggest news was the publication of the fourth quarter’s growth data. We briefly note that a sharper than expected contraction was recorded in Germany (-0.6% in quarterly terms), France (-0.3%), Spain (-0.7%) and Italy (-0.9%). We note…
The U.S. Congress voted last week in favor of a temporary increase of the U.S. “debt ceiling“, which will allow the government to continue to operate until May 19th. However, the debate about the future fiscal adjustments that has raged…
The International Monetary Fund (IMF) slightly lowered its forecast for global economic growth in 2013 to 3.5% (versus 3.6% forecast in October), and in 2014 to 4.1% (vs. 4.2% in October). The growth rate in 2012 stood at approximately 3.2%.…
Europe: Eurozone economic data point to the contraction of the European GDP in the fourth quarter. A third consecutive monthly decline was recorded in the volume of industrial production in the Eurozone, the German economy contracted by 0.5% in the…