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Markets

Argentina’s devaluation backfires

Back in early December the government of Argentina raised taxes on credit card purchases in foreign currency to 35% from 20%. Online Christmas shopping abroad became increasingly expensive. However, dollars continued to flow out of the…

Spain: The Market’s Darling

By Marc Chandler We argue that part of the euro's rise over the past several months reflects a reassessment of Spain's outlook. Many global investors had been under-weight Europe though most of H1 13, favoring the US and Japanese…

Spain: The Market’s Darling

By Marc Chandler We argue that part of the euro's rise over the past several months reflects a reassessment of Spain's outlook. Many global investors had been under-weight Europe though most of H1 13, favoring the US and Japanese equities.…

Drivers for the week ahead: 13 Jan 2014

- At the risk of oversimplifying, there seems to be a single overriding driver of the global capital markets in the coming days - The US real sector data, like retail sales, industrial production and housing starts, risk being on the soft…

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