Mark Deans, Moneycorp
Daily brief: Moneycorp
Mark Deans, Dealing Manager at Moneycorp
28 September 2012
A €1,000 in-flight meal and a fancy cigar are not the best possible PR for the prime minister in austerity-strapped Spain but it is easy enough to understand his need for Dutch courage.
27 September 2012
The banks in Spain would give their right arm for a kitty rich enough to finance an egg-timer, let alone a new watch or phone...
26 September 2012
Investors jumped to conclusions yesterday when the European Stability Mechanism announced it would invest some of its core assets in government bonds rated AA or better.
25 September 2012
Britain's government is pressing ahead with a new "Business Bank", whose purpose is to make loans available more easily and quickly to small and medium-sized enterprises (SMEs).
24 September 2012
There is not much chance of the European Union bringing out an agreement to which all the national leaders can subscribe. In the last few days there have been a couple of misses.
21 September 2012
In Ohio 16 members of an Amish community have been found guilty of "hate crimes"...
20 September 2012
For one member of the Bank of England's Monetary Policy Committee (MPC), a pre-order for more quantitative easing (QE) would be appropriate...
19 September 2012
The latest victim of QE is the Japanese yen. Hot on the heels of last week's move by the Federal Reserve, the Bank of Japan this morning announced another ¥10tr of asset purchases.
18 September 2012
None of the major currencies was looking particularly big on Monday and investors were showing no inclination to pay up.
17 September 2012
There seems to be a difficulty in making the distinction between "printing money", that last resort of rogue regimes, and "quantitative easing", as practised by enlightened democracies.
14 September 2012
In an interview for Bloomberg George Soros said that Europe was nearing an inflexion point and provided that Germany remained steadfast the euro project would get back on track.
13 September 2012
The rally in the markets that has been going on for several weeks is about to meet its next hurdle at 5.30 this evening when the Federal Open Market Committee makes its monthly statement.
11 September 2012
On the FX markets yesterday the euro managed to hold on to most of its gains from Friday versus its major trading partners.
10 September 2012
Friday saw a clear indication that the markets have taken kindly to ECB President Mario Draghi’s bond buying initiative announced last Thursday.
7 September 2012
Those of an economic disposition were picking the feathers out of an eventful day across global markets yesterday, primarily stemming out of Europe.