GlobalCapital
Article Archive
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Greece, Portugal, Spain become more competitive
The crisis forced the troubled eurozone economies to fire workers and cut salaries and this is boosting their competitiveness, a study shows
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Monetary policy mispriced in certain emerging markets
Among emerging markets investors, there are some who went too far in their pricing of interest rate cuts or increases, according to a strategist
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Polish interest rate cuts expectations may be overdone
Poland’s economy grew 2% last year, half of 2011’s performance, prompting calls for deep interest rate cuts; but these may be premature
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There are too many leaders among banks
The loan market is groaning under the weight of ambitious lending banks hoping to participate at the very top level of transactions
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'Financial repression' to hurt UK consumers: analyst
In Britain, deficits are close to levels in the eurozone periphery, inflation is stubbornly high and growth is flat; "financial repression" is coming
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Israel central bank governor Stanley Fischer resigns
The central bank governor informed Prime Minister Benjamin Netanyahu of his decision to step down at the end of June
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Don't get your hopes up about further Indian rate cuts
The Reserve Bank of India finally delivered its long-awaited rate cut, but analysts say further easing might be slow to come
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Hungary should ensure central bank independence: IMF
Further monetary easing "should be considered very cautiously" by Hungary, which should keep the central bank independent
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'Warming up for another crisis' unless politicians act
The central banks' status as "gods" that control the global economy is fading – and nothing really is ready to replace it
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S&P 500 to hit 1600 this year: Bank of America strategists
The S&P 500 is expected to hit “new all-time highs” while regional stock indices are seen gaining between 10-15% this year
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Ray of hope for CEE bank funding with new legislation
Banks in Central and Eastern Europe, the most vulnerable to international bank deleveraging, might be thrown a new funding lifeline
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Draghi in Davos: eurozone will recover in second half
The eurozone economy will recover in the second half of the year if structural reforms are kept up, ECB President Mario Draghi said
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In Davos, Merkel praises Eastern Europe's reforms
The German chancellor said that while investors call for reforms in the eurozone, they overlook those already undertaken in CEE
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Eurozone debt crisis risk 'most immediate' for banks
Risks for banks linked to the eurozone are "significant;" banks in emerging markets have better prospects, according to Moody's
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China manufacturing hits 2-year high; seen helping Brazil
Flash manufacturing PMI in China recorded a 2-year high in January, signalling import growth that will boost Latin American economies
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Higher-yielding bank bond deals 'are flying'
A strong response to a new issue from UniCredit Bank Austria highlighted the demand for bonds boasting attractive yields
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IMF cuts growth forecast but risks seen abating
The IMF downgraded slightly its global growth forecasts for this year and the next but said the main risks have receded
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Capital flows to emerging markets stocks to rise
Flows of capital to emerging markets will increase this year; equity markets will benefit the most, while bonds will stagnate, the IIF predicts
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European high yield bonds enter 'bubble territory'
The manic pace of issuance in Europe's high yield bond market reminds specialists of the boom years of 2006 and 2007
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Pressure on Asian companies' ratings to ease
Rating downgrades will still outpace upgrades this year for Asian companies, but the pressure should ease, Moody’s Investors Service says
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The worst may be over for Eastern Europe, EBRD says
It is "too early to sound the all-clear" for CEE but the slowdown following the eurozone crisis has probably bottomed out
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Confidence in global economy improves
A poll by the World Economic Forum (WEF) ahead of its annual Davos meeting showed that economic confidence ticked up
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Gold price in 2013: watch out for risk of bubble burst
Gold demand has slowed and supply is on the rise, while stocks become attractive again; will the price of gold take a break?
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Protectionism worries resurface: survey
Concerns about a rise in protectionism in the BRIC economies and developed markets run high; smaller countries are seen as more open
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Why shorting the forint might be a good idea
The nomination of a new central bank governor in Hungary means that the forint is likely to depreciate, according to one strategist
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China growth: be bullish in the first half, cautious after
The People's Bank of China could tighten monetary policy later in the year following better than expected growth, economists say
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'Great rotation' to stocks from bonds gains traction
Investors' appetite for risk is at its highest in nine years and more funds go into equities, a survey of investors by Bank of America Merrill Lynch shows
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'Loosen your seatbelts' in emerging markets: HSBC
This year is one in which investors should take more risk in emerging markets, especially in equities, strategists at HSBC say
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ECB's Nowotny sees reason for 'cautious optimism'
Austrian central bank governor and ECB board member Ewald Nowotny says markets are more stable, giving some reasons for optimism
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Banks in Eastern Europe lash out at regulators
Various regulations are stifling the ability of banks in Central and Eastern Europe to lend and boost growth, bankers in the region say
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Nouriel Roubini of Europe? Erste Bank CEO pessimistic
Markets are getting ahead of developments in Europe, where things are likely to remain difficult, Andreas Treichl said
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Romania becomes 'a darling of investors' once again
With political risk receding and bonds offering better yields than in other markets in Central and Eastern Europe, Romania is now in high demand
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Don't worry (too much) about China's inflation
Asian stocks fell, with Chinese shares approaching a 4-month low after worse-than-forecast inflation; but analysts say worries are exaggerated
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ECB holds rate; Draghi says markets improved
The ECB left interest rates on hold as expected, despite bad data from the eurozone, as Spanish bond yields improved
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This year is critical for eurozone credit ratings: S&P
In the eurozone, 2013 is critical for determining whether credit ratings downgrades will come to an end, rating agency S&P said
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China's jump in exports points to stronger recovery
Chinese exports rose much faster than expected in December, prompting some analysts to say the recovery is stronger than thought
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Egyptian pound devaluation getting closer
A disorderly devaluation of the Egyptian pound is becoming more likely unless the government manages to unblock the IMF deal
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Market unlikely to get what it wants from ECB
Expectations of another cut in the European Central Bank’s record low rate are high; but they are unlikely to be fulfilled
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Big risks lurk in emerging markets: consultants
Emerging markets, which have “kept trade moving” and “commodity prices afloat” during the financial crisis are again a source of risk
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Russian ruble will be 'star performer': strategist
Liquidity in the Russian ruble market will increase over the coming days; one strategist says this might be the time to buy
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Latin America outlook: Brazil may rebound this year
The long-awaited rebound in Brazil may materialize this year, when the gap between the fast and slow growth countries could narrow
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Emerging Europe stock markets to take a break?
Stock markets in Central, Southern and Eastern Europe may take “a short break” in the first quarter, according to Erste Bank’s analysts
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Emerging markets to benefit from 'Basel gift'
A decision to relax Basel capital requirements for banks is overall beneficial for emerging markets – but watch out for the risks
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Banks 'only two-thirds of the way' through deleveraging
Banks in the eurozone are only two-thirds of the way through deleveraging, which means they face another difficult year, Ernst & Young said
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Another French film star wants Russian citizenship
Brigitte Bardot, French film star and animal rights activist, has threatened to ask for Russian citizenship to escape France
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Don't 'over-panic' about Fed minutes: analysts
The recent Fed minutes signaling a reversal of the money-printing policy should not worry emerging markets investors, analysts say
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Putin gives Russian citizenship to actor Depardieu
French actor Gerard Depardieu, who had threatened to give up his French passport because of high taxes, has received Russian citizenship
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Turkey inflation – how low can it go?
Turkish inflation fell to a 15-month low in December, but analysts say that some tax rises may mean the end of disinflation
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Nouriel Roubini: US fiscal talks will 'soon get messy'
The recent deal to avoid the US fiscal cliff is "no victory" as the fight over tax reform is only just beginning, Nouriel Roubini wrote in the FT
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Investors 'strongly bullish' on emerging markets: survey
Both hedge funds and real money investors remained bullish on emerging markets over the medium term, a survey showed
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Asian manufacturing improves; China up, India shines
Manufacturing in Asia has taken off, latest data show, with Chinese PMIs showing expansion. But some economists warn of weakness ahead
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US fiscal cliff deal sends strong risk-on signal
The deal to avert a fiscal cliff in the US is a 'risk-on' signal for emerging markets, but analysts warn about future dangers
