eurozone crisis to lead to further rate cuts
The ECB is likely to cut interest rates back to 1% in coming months as the Greek crisis lacks any near-term resolution, according to commentators.
Macro News
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eus dash to china dampens markets
Euphoria seen on Thursday after the announcement of a three-pronged eurozone deal has retreated today to leave the FTSE 100 and other European indices trading in negative territory.
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european deal sees greek haircut
After 11 hour negotiations following months of conversations, a number of agreements have been reached to help reduce eurozone sovereign debt.
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becket bear markets more common in future
Investors might have to get used to more frequent bear markets and shorter, sharper downturns, leading to muted returns in future years, according to Thomas Becket, manager of PSigma’s Dynamic Multi-Asset Fund.
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Markets rise on merest hint of European plan
European stock markets rose this morning on some news that not much had been agreed at the weekend’s summit in Brussels so imagine how markets could react when there is a full-blown plan in place.
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high yield bond funds post record inflows
High yield bond funds saw their biggest weekly inflow on record last week as investor confidence received a boost and risk was put back on the table.
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nine in ten fund managers expect greece to default
More than 90% of fund managers say Greek default is now unavoidable, while seven in ten expect it to come before April next year, according to BofA Merrill Lynch’s October survey of fund managers.
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china consensus still positive
China’s third quarter GDP figure is not a real cause for concern and investors should be on the look out for signs to increase exposure to the region, according to Tony Yousefian, Investment Director at OPM Fund Management among others.
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us not emerging markets
A slowdown in corporate growth could put the kibosh on any continuing economic growth in emerging markets.
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investors seek buying opportunities amid market volatility
Investor confidence still has some way to fall before it hits the 2008 lows, with many planning to increase their stock market exposure over the next few months, according to the AIC.
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osborne on the road to failure
Chancellor George Osborne will miss his borrowing targets regardless of whether he continues his austerity drive or not.
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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.