City partners are shrugging off concerns
about the eurozone and domestic spending cuts to face 2011 in a generally upbeat mood, with nine out of 10 law firms expecting revenue growth over the year.
Moving on, here's the H1 - 2015 performance for my usual benchmark indices — so far this year, it's all
about the Eurozone!
But this is a post
about the Eurozone and Japan today.
Pressure from firm dollar and falling equities as market continues to deal with uncertainty
about the eurozone economy.
To learn more
about the eurozone's economic outlook, read the recent BlackRock Market Perspectives and a white paper I've written with my colleague, Chief Investment Strategist Russ Koesterich.
After all, the Government misjudged the speed of our recovery; it is therefore not impossible a similar misjudgement has been made
about the Eurozone.
The good thing
about the Eurozone is that if a broker or any trading platform is licensed in one of the EU countries, the registration covers all the rest of the Eurozone countries.
Investors worried
about the eurozone debt crisis and a poor jobs report.
Eurozone indicators have softened in recent weeks, raising concerns that ECB President Mario Draghi could sound dovish
about the eurozone economy.
To learn more
about the eurozone's economic outlook, read the recent BlackRock Market Perspectives and a white paper I've written with my colleague, Chief Investment Strategist Russ Koesterich.
Not exact matches
«60 % of European capital market business is conducted through the UK, banks in the UK are the largest borrowers and lenders of euros outside of the
eurozone and when we talk
about critical mass, when you look at the London Stock Exchange Clearing House, they've estimated that critical mass, that size of business, saves some # 17 billion a year.»
The
eurozone's recovery from the sovereign debt crisis has been
about improving situations in the economic bloc's peripheral economies like Italy and Portugal, and this new batch of uncertainty in Portugal's financial sector is not sitting well with investors.
The news has also spooked investors who are concerned
about how uncertainty in the Spanish and Portuguese financial sectors could impact assets across the
eurozone.
And when the time comes to crisis - proof balance sheets in the
eurozone, he puts the cost of recapitalizing German and French banks alone at 3 % of Franco - German GDP, or
about $ 245 billion.
The
eurozone, in particular, is
about to embark on this demographic challenge with a mountain of debt.
They're heavily exposed to Hungary, and considering the already fragile situation in the
eurozone, this could spark fears
about the stability of Austria and its sovereign rating — regardless of the fact that the country is in good shape.
But unlike the 2011 rout, sparked by the
eurozone debt crisis, the sudden collapse of global equities markets that began last week is all
about China — which makes it all the more unnerving since few have a good grasp on how the world's most important emerging economy actually works.
Not only will QE feed concerns within the
Eurozone, but the eurozone's neighbors (whose economies are highly impacted by the ECB's actions) are about to experiment rea
Eurozone, but the
eurozone's neighbors (whose economies are highly impacted by the ECB's actions) are about to experiment rea
eurozone's neighbors (whose economies are highly impacted by the ECB's actions) are
about to experiment real tests.
«Teetering on the abyss with record high unemployment putting the lie to his claims
about the strength of the
eurozone, Draghi chooses to play mind games with financial markets,» Duy writes.
On March 22 at 9:00 AM ECRI's Lakshman Achuthan will join a panel discussion
about the «Risks Beyond the
Eurozone and the Threat of Contagion» during the Bloomberg Sovereign Debt Conference.
See what they're saying
about investing in this mature bull market, new
eurozone market trends, and why there's no room for complacency.
Mr. Draghi's critique of comments by the U.S. Treasury secretary came as the
eurozone central bank tried to quash speculation
about an early end to its economic stimulus program.
HIGHLIGHT Annual inflation in the
Eurozone unexpectedly slipped to just 1.2 % in April, as prices of services increased at a slower pace adding to doubts
about the ECB's plan for a gradual withdrawal of monetary stimulus.
Dublin's campaign to ratify the
eurozone fiscal discipline pact is failing to build momentum against a backdrop of weakening economic growth and a wider European debate
about austerity, with almost one - in - five Irish voters still undecided.
Second, we have concerns in the
eurozone about the rise of nationalism, which questions the whole
eurozone construct; the ability to form a fiscal union given all the geopolitical issues developing within Europe is incredibly problematic.
I believe (as per earlier comments above
about the «slow implosion» of the
eurozone) that there's a real power struggle going on here.
The subjects we are currently focusing on are all the issues relevant to the
eurozone - the discussion
about Greece, the lacklustre economic recovery in the
eurozone, but also external influences, like the discussion on Britain's future in the EU and the EU relations with Russia.
European bond markets initially welcomed the deal made at the July summit, although the narrowing of spreads for peripheral bonds over German Bunds was relatively muted, perhaps signaling a measure of skepticism among investors
about the ability of the
eurozone to survive in the absence of a formal mechanism that ensures the sharing of liabilities among member states.
Low inflation and uncertainties
about the global economy also forced the ECB to revise its forecast for 2015
eurozone growth from 1.5 % to 1.4 %.
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On Monday, finance ministers in the
Eurozone also talked
about the possibility of giving Greece a further two years to fix the economy.
Investors» willingness to believe that
eurozone bond yields are a a single - way bet has been located out in the way that new paradigm pondering
about markets always is, eventually.
Although improved data have fueled optimism
about the recovery in the
eurozone, we feel speculation
about an impending policy shift by the ECB is overdone.
We think the speculation
about a potential future tightening of monetary policy by the ECB — whether in the form of a tapering of bond purchases or a rise in interest rates — has moved too far ahead of the economic and political realities within the
eurozone.
Although
eurozone data have improved, we feel speculation
about an impending policy shift by the European Central Bank (ECB) is overdone.
Before the European sovereign debt crisis starting in 2010, Greece's economy represented
about 2 % of the
eurozone's gross domestic product (GDP); after the crisis - induced recession, it accounts for even less.
German numbers are raising concerns
about the strength of the
eurozone's largest economy.
CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro slumped to a four - month low in the aftermath of the bailout of Cyprus, as market participants worried
about the implications for other countries on the periphery of the
eurozone.
CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt A favorable ruling by Germany's constitutional court on the legitimacy of the
eurozone's permanent bailout fund, and coordinated easing by global central banks are both needed to ease concerns
about Europe's debt...
Concerns
about the growing influence of Europe were reinforced this week as the 17
eurozone countries appeared to favour closer fiscal integration - an approach advocated by chancellor George Osborne as the only logical way of maintaining the euro.
The British national interest is all
about fixing the
eurozone, he says, not really answering the first bit of the question.
A potential deal among the
eurozone's 17 countries to bring
about closer fiscal integration would not qualify.
But when it comes to the crunch, the public is very queasy
about voting for withdrawal, which is why the
eurozone crisis could prove so important.
The debate
about the cuts that once dominated every edition of the Today programme has all but evaporated with the onset of the
eurozone debt crisis.
The prime minister's comments came after an informal summit of EU leaders over dinner failed to reach concrete conclusions on how to address concerns
about Greece's future and high borrowing rates for other struggling
eurozone countries.
Hirschman suggests that the appeal of exit not only increases with the level of discontent
about the organization — in this case the EU or the
Eurozone — but also with the creeping sentiment of being unable to change it.
He confronted «fears
about the immediate future» amid the ongoing
eurozone crisis and Britain's stagnant economy, which is expected to remain broadly flat until at least the beginning of next year.
Channel 4 News Political Editor Gary Gibbon writes - We now have a draft statement from the French and the Germans which is
about to be put to the other
Eurozone countries.
That has not stopped Conservative speculation
about the possibility of Britain's withdrawal from a two - tier Europe, in which Britain is pushed to the fringes of an increasingly politically integrated
eurozone.
Well, the western world is eating breakfast, the
Eurozone is under the table, the scene is duly filled with tension and it's
about to blow our faces off.