Europe

Since 1974, the European Commission has published a twice-yearly comprehensive poll to gauge sentiment on various social and economic issues in the European Union. Today, I downloaded every one of these polls and have been busy parsing the…

Last week, WTI for November delivery passed the $76 a barrel mark. And since September, speculation has been rife that oil could top $100 a barrel in due course. If oil prices do continue to rise, that's going to have very different effects…

Italy's 10-year sovereign bond yield has risen from 1.78% at end of April and prior to the general election to 3.66%. That's the highest since the beginning of 2014 and the yield is still rising. Domestic banks and Italian life insurers are…

In the past year, Italy has been a source of a lot of investor angst, with 10-year yields reaching levels not seen since 2014. Despite the simmering crisis there, I am not concerned about short- or medium-term outcomes because I believe the…

1 - How little politics matters to the market A couple of weeks ago, I tweeted the following after Michael Cohen pleaded guilty: For those surprised there’s no market reaction to Cohen, why should there be? It has no bearing on earnings,…

Today's daily newsletter is very late but hopefully still useful. Yesterday I said I have a few thoughts on China that I want to run by you. I didn't get them out yesterday. So I will incorporate them into today's post. Feedback appreciated…

The continuing anti-immigrant fervour in Europe Little is known about how or why the brawl started. Police have dismissed rumours circulating online that the man was defending a woman from sexual assault. But within hours of his death in…

Since the failed military coup d'etat in Turkey two years ago, the relationship between Turkey's President Erdogan and his western NATO alliance partners has been strained.

Daily newsletter with stories on Turkey, banks, Iran sanctions, EU regulation, refiners, and drought

Stories surrounding the US sanctions on Iran, German industrial production and the number of publicly-traded companies in the US