Archive for the ‘Finance’ Category
Mark Sobel on the Fed, Steve Hanke on Venezuela, and more
OMFIF update Week 7 2019
11-15 February 2019 Vol.10 Ed.7
COMMENTARY
Italy headed for ‘vicious’ debt crisis
After a brief recovery, Italy has succumbed to its third recession in a decade. Its government is unlikely to revive flagging investor confidence. Ahead of the European elections, it...
February 16th, 2019 | Banking, Finance, Reports | Read More
Daily Overview of Global Markets & the SEE Region (Friday, February 15, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Averting another government shutdown, the US President Donald Trump agreed to sign a spending bill yesterday that envisions around $1.4bn allocated for a fence and other forms of border security, much less than $5.7bn he originally...
February 15th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Daily Overview of Global Markets & the SEE Region (Thursday, February 14, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: According to data released earlier today, the German economy stalled in Q4 2018 with GDP growing by 0.0%QoQ compared to market consensus for 0.1%QoQ, narrowly avoiding a technical recession in H2 2018 after contracting by 0.2%QoQ in...
February 14th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Daily Overview of Global Markets & the SEE Region (Tuesday, February 12, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: According to a number of US media reports, Republicans and Democrats in the US have reached a tentative agreement on the US budget dispute aiming to avert another government shutdown due to start on Saturday. Meanwhile, White House...
February 12th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Venezuela’s death spiral, Germany and the UK after Brexit
Nicolás Maduro
Commentary: Venezuela’s death spiral
By Steve Hanke in Baltimore
Under President Nicolás Maduro, Venezuela has fallen ever further into an economic death spiral. Evidence of this comes from Venezuela’s inflation rate, which is running at 139,839% per year.
At the same time...
February 12th, 2019 | Banking, Comment, Country Profiles, Finance | Read More
Daily Overview of Global Markets & the SEE Region (Monday, February 11, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: After a week-long break for the Lunar New Year holiday, Chinese shares made a strong start on Monday following better-than-expected retail sales. Meanwhile, European equity indices opened higher amid widespread optimism among investors...
February 11th, 2019 | Banking, Finance, Reports, Shipfinance | Read More
Daily Overview of Global Markets & the SEE Region (Friday, February 8, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: The majority of global equity markets traded in the red on Friday amid increasing worries that a trade deal between the US and China won’t be reached before the March deadline. The European Commission’s updated forecasts (2019 Winter...
February 8th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Daily Overview of Global Markets & the SEE Region (Thursday, February 7, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Taking their lead from Wall Street overnight, Asian equity indices traded mixed on Thursday while European bourses opened lower. Germany’s December weak factory orders and industrial production data may have also had a negative impact...
February 7th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Powell pivots to patience, Roundtable with Hans Vijlbrief
US Federal Reserve Chair Jerome Powell
Commentary: Powell pivots to patience
By Darrell Delamaide in Washington
US Federal Reserve Chair Jerome Powell wanted to make sure everyone understood that the Fed has changed its stance and that patience is the new byword. Not gradual rises in interest rates,...
February 7th, 2019 | Banking, Comment, Finance | Read More
Daily Overview of Global Markets & the SEE Region (Wednesday, February 6, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Mirroring the positive tone in Wall Street overnight, most Asian equity indices traded higher on Wednesday (China’s markets closed amid holidays for the Lunar New Year), following President Donald Trump’s State of the Union address,...
February 6th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Central banks take on climate change, Hard currencies outlook – part one
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Commentary: Central banks take on climate change
By Danae Kyriakopoulou in Davos
As 1,500 private jets flew into Davos to talk about climate change, the Central Banks’ and Supervisors’ Network for Greening the Financial System was holding its latest steering committee meeting in Mexico.
The...
February 6th, 2019 | Associations, Banking, Climate, Comment, Environment, Finance, Markets, Reports, Stock Markets, Trade and Commerce | Read More
Daily Overview of Global Markets & the SEE Region (Tuesday, February 5, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Taking their lead from Wall Street’s gains overnight, major European bourses opened higher in early trade today supported by major Central Banks’ dovish shift on the back of weaker global growth momentum, rising political risks...
February 5th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Election muddies India’s outlook, Rise of central bank gold demand
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Commentary: Election muddies India’s outlook
By Prakash Sakpal in Singapore
Conditions are becoming murky in the lead up to India’s general election in May. Prime Minister Narendra Modi’s popularity is falling, and the losses of his BJP in state assembly and other by-elections...
February 5th, 2019 | Banking, Comment, Finance, News, Politics and Government | Read More
Meeting: Patrick Harker, president and CEO of the Federal Reserve Bank of Philadelphia
Patrick Harker, president and CEO of the Federal Reserve Bank of Philadelphia
City Lecture with Patrick Harker, President and CEO of the Federal Reserve Bank of Philadelphia
Washington is sending mixed messages about the health of the US economy. The Federal Reserve surprised markets in its policy...
February 4th, 2019 | Banking, Events, Conferences,Forums and Symposiums, Finance | Read More
Daily Overview of Global Markets & the SEE Region (Monday, February 4, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: US Treasuries were weaker in early European trade on Monday pressured by increased optimism for a resolution in the US/China trade dispute as well as a string of better-than-expected US data releases on Friday. Bunds followed suit while,...
February 4th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Desmond Lachman on US monetary policy, Danae Kyriakopoulou on Banxico independence and more
OMFIF Update – Week 5 2019
28 January-1 February 2019 Vol.10 Ed.5
REPORT
The rise of central bank gold demand
Since the 2008 financial crisis there has been renewed interest in gold’s unique characteristics as a safe haven asset that is nobody’s liability.
This, combined with scepticism...
February 2nd, 2019 | Banking, Comment, Communication, Conferences, Seminars, Forums, Finance, Insight, Markets | Read More
Daily Overview of Global Markets & the SEE Region (Friday, February 1, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: European bourses were mixed in early trade on Friday while Asian equity ended almost flat this morning as renewed concerns about China’s growth prospects offset positive signs from US/China trade talks. According to US President Donald...
February 1st, 2019 | Banking, Finance, Markets, News, Reports, Shipfinance, Statistics, Stock Markets | Read More
Daily Overview of Global Markets & the SEE Region (Thursday, January 31, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: In line with market expectations, the Fed kept the rate for the fud funds target rate unchanged at 2.25-2.50% at this week’s two-day policy meeting which concluded yesterday. However, the tone of the FOMC policy statement and the...
January 31st, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Daily Overview of Global Markets & the SEE Region (Wednesday, January 30, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Investors adopted a cautious stance against risk assets earlier today ahead of Fed Chair Jerome Powell’s press conference that will follow the conclusion of the two-day monetary policy meeting. In addition, a new round of two-day...
January 30th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Powell should ease US monetary policy, Financial instability series
Janet Yellen
Commentary: Powell should ease US monetary policy
By Desmond Lachman in Washington
In 2017, a key monetary policy mistake of the US Federal Reserve under Janet Yellen was to keep monetary policy too loose despite a strong increase in US stock prices. Hopefully Jay Powell does not make that...
January 30th, 2019 | Banking, Comment, Finance, Markets, News | Read More
Banxico independence faces scrutiny, Innovation and sustainability for Islamic finance
Commentary: Banxico independence faces scrutiny
By Danae Kyriakopoulou in Mexico City
Central banks, traditionally considered harmless technocratic institutions, have come under intense scrutiny since the 2008 financial crisis. A distinct set of tensions is unfolding between Mexican President Andrés...
January 29th, 2019 | Banking, Finance | Read More
Daily Overview of Global Markets & the SEE Region (Tuesday, January 29, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: War trade woes intensified on news that the US Justice Department levelled criminal charges against China’s telecommunications giant Huawei Technologies. Against this background, the majority of European bourses opened marginally...
January 29th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Daily Overview of Global Markets & the SEE Region (Monday, January 28, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: European bourses opened lower today as data from the Eurozone continue to disappoint, fueling market concerns about the economy’s growth prospects. On the flipside, US equity markets gained on Friday capitalizing on the US President...
January 28th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Gary Kleiman on emerging markets, James Carrick on China, and more
Vitor Constâncio
OMFIF UPDATE – WEEK 4
21-25 Januaryy 2019 Vol.10 Ed 4
NEWS
Euro: Success and vulnerability
Challenges facing Europe’s unfinished monetary union were discussed in a wide-ranging OMFIF London City Lecture with Vitor Constâncio, former vice-president, European Central...
January 26th, 2019 | Anniversaries, Banking, Finance, Reports | Read More
Daily Overview of Global Markets & the SEE Region (Friday, January 25 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: As expected, the ECB kept its key interest rates unchanged and confirmed its guidance on interest rates and reinvestments at yesterday’s monetary policy meeting. However, in the post-meeting press conference, President Mario Draghi...
January 25th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
