http://europa.eu/rapid/press-release_SPEECH-16-3043_en.htm An existential crisis is engulfing Europe “Our European Union is, at least in part, in an existential crisis… I have witnessed several decades of EU integration. There were many strong moments. Of course, there were many difficult times too, … Continued
https://www.ecb.europa.eu/press/pressconf/2016/html/is160721.en.html Mario Draghi, ECB President Financial markets were resilient post-Brexit with help from central banks “Following the UK referendum on EU membership, our assessment is that euro area financial markets have weathered the spike in uncertainty and volatility with encouraging … Continued
Between the Yen and the Euro, the foreign exchange markets have seen some excitement in recent months. One currency cross that has been anything but exciting though has been that of the Euro against the Swiss Franc (EUR/CHF). After a … Continued
Below is a frequency analysis of the number of times that nations were mentioned in last night’s foreign policy debate. Almost the entire discussion focused on the Middle East, with some references to China. In all, the 10 largest countries … Continued
Given that Mario Draghi announced unlimited asset purchases last week, equity markets have been rallying along side the Euro; however, if Draghi ends up exercising his buying power and Bernanke doesn’t announce more QE tomorrow, the Euro rally may be … Continued
Equity markets are rallying today on news out of Europe that the ECB stands ready to conduct Outright Monetary Transactions (OMT) of sovereign debt. This is the second major monetary weapon that the ECB has used to try to combat the European … Continued
With just three days left in the London games, the US olympic team has finally taken the lead in the medal count from China, and hopefully wont relinquish it between now and Sunday. However, with some calling for fiscal union … Continued
Today the S&P 500 was up 1.65%, but considering that the dollar was down 1.26% vs. the Euro, if you were a European investor in the US market, you hardly realized any gains–such is the power of currency. Much like … Continued
An interesting take on the world economy from Rick Goings, CEO of Tupperware, an extremely global company: I spent a lot of time this last month doing not only big group but one on one meetings with the investment community, … Continued
When comparing the economies of Japan, Europe and the United States, it’s important to remember that the structure of the financial systems of each area are very different. Below is a great chart put together by the BOJ which compares … Continued