By Tania Suárez, Madrid | European markets suffered form a slight contraction on Wednesday whereas the U.S. stood firm, not influenced by the European weakness nor the consumer confidence data and the Richmond. Barclays team suggest that money supply data meant both good news and bad news. Good ones first: “The trend in Europe is [...]
America’s economic unhappiness
Two thirds of Americans feel suspicious or skeptical about their country’s economic situation. According to a Gallup poll, only 23 percent said they were satisfied with the way things are going in the United States, down from a 28 percent satisfaction rate last month. Three months before the presidential elections, figures and sondages are multiplying. [...]
Obama: Europe has cronic wound but the euro will survive
“I don’t think ultimately that the Europeans will let the Euro unravel, but they are going to have to take some decisive steps,” US President Barack Obama said in a fundraiser event Monday night held in a New York high end hotel. Only four months before the U.S. election, Euro worries are inevitably playing a [...]
The United States: diminishing growth
By CaixaBank research team, in Barcelona | The US economy is leaving behind its vigorous start to the year and is on way to a weaker scenario than the consensus had expected at the end of April, after the publication of the gross domestic product (GDP) flash estimate for the first quarter. The main reason [...]
Renta 4's Francisco Jorro: "Ibex should recover after summer"
From valenciaplaza.com | Francisco Jorro, director in Valencia at Renta 4 Banco, said in a conversation with valenciaplaza.com that the ECB's rate cut had already been anticipated by the markets, but the move could still help growth plans in the euro area. What did you think of the ECB's decision? The truth is that a quarter [...]
Chronology for the euro salvation
how to get your ex girlfriend back By www.consensodelmercado.com, in Madrid | Europe has been immersed in a long and complex change process for the last three years. The global currency department at JP Morgan has published a report marking out the path that Europe should be following in the medium and long term. It [...]
Brussels, Madrid better tread carefully
By CaixaBank Research team, in Barcelona | In its World Economic Outlook, the International Monetary Fund (IMF) predicts a slowdown in 2012 that should be followed by a weak recovery in 2013. The good performance of the US economy and the implementation of urgent policies in the euro area have lowered the risk of a [...]
Spain’s recovery is on its way, Telefónica’s chairman assures investors
By Julia Pastor, in Madrid | Telefónica’s president César Alierta devoted his speech during the company’s general shareholder meeting to claim that markets are not considering the company’s growth potential, as well as to defend that Spain is “a very solvent country.” According to the data gathered by Link analysts, Alierta stressed Telefónica’s high dividend [...]
Lloyds TSB forecasts UK economic recovery “very weak”
LONDON | Consumers’ discretionary spending in the UK continued to deteriorate in March, and after inflation fell 1.1% from a year earlier, reaching its lowest level since February 2011. This equates to £113 less a year to spend on non-essential items. In its latest Spending Power Report released Monday, Lloyds TSB said hopes for a [...]
Deutsche Bank: Spain will grow next year, never mind deficit targets
MADRID |Â Deutsche Bank analysts said that Spain will grow again from 2013, even though the country will not meet the current deficit targets. Spain will this year miss the 5.3% set by Brussels and will not be until 2014, a year later than planned, when the imbalance will be reduced to 3% of GDP. In [...]
