osborne on the road to failure
Chancellor George Osborne will miss his borrowing targets regardless of whether he continues his austerity drive or not.
Macro News
-
-
mandelson: eurozone needs surveillance with bite
The eurozone needs to adopt a hard-line of invasive centralised control, or surveillance with bite, according to former EU Trade Commissioner Lord Mandelson.
-
higher tier one ratio puts only a sticking plaster on euro crisis
The European Banking Authority has proposed a 9% capital threshold for the region’s banks, but this alone is not enough to avert a euro-banking crisis.
-
q4 equity recovery far from certain
Political incompetence will continue to inhibit investor confidence and keep equity markets subdued in Q4, making a re-entry point hard to identify.
-
pa analysis positive news for markets comes with a long term view
Even the most positive outlook for equity valuations is that they are fair rather than undervalued and that risk assets are still a long not a short-term play.
-
crispin odey us banks are beautiful
The star hedge fund manager says now is the time to brave equity markets and puts his money on US banks to lead the recovery.
-
schroders brown let Greece default
Allowing Greece to default and exit the EMU would allow its currency to depreciate and the economy to become more competitive, according to Alan Brown, CIO at Schroders.
-
metals hit by mass sell off
Industrial and precious metals, some of the last enclaves of perceived safety, have been hit by a mass sell off as investor sentiment plummeted.
-
bonds the best bet under qe2
A second round of quantitative easing would be supportive of bond yields in the short term and defensive equities in the longer term.
-
markets calmed as policymakers present a united front
Policymakers around the globe will do “what it takes” to prevent an escalation of the economic crisis in the weeks and months to come.
-
commodity players lead ftse down; blue-chips lead it up
Commodity players led the FTSE ina downward spiral this morning while blue chips helped lead an afternoon recovery.
-
g20 rhetoric drowned out by market chaos
We have heard a great deal of powerful rhetoric from the G20 world leaders as they meet in Cannes but little in the way of proposals about how to stem the global economic decline.