Morning commentary: Capital Spreads
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25 March 2013
So something has been cobbled together in an attempt to save Cyprus from a humiliating exit from the eurozone, as well as a breakup of the single currency altogether.
22 March 2013
No deal yet for Cyprus and the pressure on equity markets continues. An empty handed Cypriot finance minister returning from Russia may be a sigh of relief for European leaders...
21 March 2013
Markets remain in a state of flux as the ongoing battles in Cyprus for them to avoid a default and exit from the eurozone continue. For as long as there remains no deal for the small island the prospect of any further gains in risk assets are very slim.
20 March 2013
It’s Budget day and the Chancellor will have sharpened not only his pencil, but his axe as well. Whilst the headlines of further cuts may not make for great reading they are becoming more of a necessity to reduce the size of the state and to have some sort chance of keeping the confidence of the markets and ensuring the fiscal targets are met.
19 March 2013
As with anything that’s been to do with the eurozone in the past few years there’s been a great deal of uncertainty surrounding any calamity and we see this again in the case of Cyprus.
15 March 2013
As the markets continue to climb, sterling continues to fall although yesterday it did receive a boost from Sir Mervyn...
14 March 2013
So the billion Catholics around the world have a new Pope and it’s just a shame that the country within which the Vatican sits cannot do the same thing. Italy remains without a leader and so it looks as though Mario Monti is due to head to Brussels to represent the country at the two day EU Summit that gets underway today.
13 March 2013
The news flow has been very slow this week and usually when there’s an absence of any major economic data releases or geopolitical events you will understandably tend to see equity markets drift, but drift in the direction of the trend and this is largely what we’ve seen in the past few days.
12 March 2013
The mansion tax debate has had a bit of cold water poured on it by the junior coalition partners who look like they will not back the opposition’s plans to whack a levy on homes with a value of over 2 million pounds.
11 March 2013
Even though you wouldn’t have thought that the eurozone debt crisis was coming back to the fore as equity markets remains stable there still remains lots of political uncertainty and worry surrounding Italy.
8 March 2013
It is non farm payroll day and investors are hoping to see more jobs being created by the world’s biggest economy.
7 March 2013
The focus will be on European central banks today with the Bank of England and the European Central Bank due to make their policy decisions. It’s the central banks around the world that have been propping global equity markets up and driving their rally so investors are almost happy and expect to see further gains if further easing comes their way.
6 March 2013
Buying momentum in the US markets remains underpinned by confidence that central bank stimulus will remain ongoing for the foreseeable future which led the Dow Jones to record it highest level ever.
4 March 2013
A bit of sequester concern is creeping into the markets and considering they have managed to keep themselves afloat until now the downside pressure we are currently seeing doesn’t look to be anything of any major worry just yet.
1 March 2013
If there’s anything we can learn from the result of the Eastleigh by-election it’s that, rather like the Italian general election, voters are disenchanted with mainstream political parties.