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Browsing Category
Markets
No Solace for the Euro Just Yet
The US dollar continues its rally with the euro the major culprit of the market’s negativity as risks of contagion appear to be spreading to the core. Despite more positive economic data from Germany (this time favorable unemployment…
In a Disappointing Europe, Sweden Stands Out
Europe is engulfed in a financial crisis that is also becoming a political crisis. Sweden stands out as an exception and we affirm our expectation of the krona's out performance in period ahead. Sweden's economy contracted 5.3% last…
Euro Comes Off Further in Early NY
The euro continues to come under pressure and is making new lows in early North American turn over despite talk of interest from an Asian central bank. The euro has slipped below its 200-day moving average (~$1.3130) for the first time…
Ireland Announces, Euro Tumbles
The US dollar continues its rally with the largest movements against the euro as the market is clearly disappointed with the rescue package of Ireland. Despite a three year high increase in euro-zone confidence, the euro continues to…
Portugal Remains Under Pressure As Contagion Intensifies
It seems like it’s only a matter of time before Portugal succumbs to the contagion. As seen in EM crises of the past, we simply cannot ignore the fact that contagion remains a very strong force and so we see little chance that Portugal…
Market Jitters Persist
The US dollar is up across the board as concerns about European peripherals festered and comments from North Korea fanned fears of further escalation on the peninsula. Despite the likely announcement of an €85bln rescue package for Ireland…
Rally in Technology Shares To Year-End
Here's the bullish case for shares. I don't think you can sustain this in tech beyond a short-term rally without a robust investment in capital by business. And I suspect that would also mean increased hiring as well.
Dollar Edges Higher; PBOC Suggests Further Tightening Measures
After an initial dip, the dollar edged higher in the Asian session, along with the yen, though trading ranges were pretty subdued. Comments from People's Bank of China officials suggested the central bank will adopt more measures to rein in…
Waiting on the Irish Four-Year Plan
Highlights The US dollar is mostly lower, giving back most of yesterday’s gains versus the dollar bloc but still up versus the euro amid concerns over the European financial crisis. The euro suffered against a backdrop of protracted euro…
Peripheral Euro Zone Remains Under Pressure
by Win Thin We continue to be concerned about contagion risks in the peripheral euro zone. The package for Ireland has ultimately been shrugged off by the markets this week after initial gains in the euro and peripheral bond…