Tag Archive: Portugal

Japan’s Q4 23 Contraction Revised Away, Helping Keep Yen Bid

2024-03-11

Overview: News that the Japanese economy expanded rather than contracted in Q4 23 has fanned expectations that rates could be as early as next week. This is helping keep the yen supported, though it remains in the pre-weekend range, albeit barely.

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Dollar Retreat Extended, but Turn Around Tuesday may have Already Begun

2023-11-20

by Marc Chandler

2023-11-20

Overview: Last week's dollar losses have been extended today. The yen is leading the move, encouraged by talk of a buying by a large US real money fund. The Dollar Index is off about 0.35% after sliding 1.8% last week. It is below the 200-day moving average for the first time since late August. As was the case last week, the Canadian dollar is the laggard. Emerging market currencies are also mostly higher. The Chinese yuan's 0.67% rise is the most...

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Italian Election–Two Months and Counting

2018-01-07

by Marc Chandler

2018-01-07

Germany does not have a government, though the election was more than three months ago. Spain, Portugal, and Ireland have minority governments. Austria is the first government since the financial crisis to include the populist right. The EU is trying to press the Visegrad group of central European countries to conform to the values of Western European members.

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Euro Shrugs off European Banking Woes

2017-06-06

by Marc Chandler

2017-06-06

Spain's Banco Popular is scrambling ahead of its meeting with the ECB tomorrow; shares are around 50% in three sessions. Italy has two banks that may see the same deal Monte Paschi negotiated with the EU. Portugal banks are still putting loan loss reserves and provisions aside.

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Euro Saves Germany, Slaughters the PIGS, & Feeds the BLICS

2017-04-06

by Chris Hamilton

2017-04-06

European Population vs. Total Europe Energy Consumption

The change in nations Core populations (25-54yr/olds) have driven economic activity for the later half of the 20th century, first upward and now downward. The Core is the working population, the family forming population, the child bearing population, the first home buying, and the credit happy primary consumer. Even a small increase (or contraction) in their quantity drives economic activity magnitudes beyond what the numbers would indicate.

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Martin Armstrong: “EU in Disintegration Mode”

2017-02-11

by Martin Armstrong

2017-02-11

Famous market forecaster Martin Armstrong wrote a recent article describing the current situation in Europe. Similar to our article, “Trouble Brewing in the EU”, the Armstrong's piece discusses growing discontent and fractures in the E.U. Martin Armstrong observes that,

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Money, Markets, & Mayhem – What To Expect In The Year Ahead

2017-01-05

by Tyler Durden

2017-01-05

If you thought 2016 was full of market maelstroms and geopolitical gotchas, 2017's 'known unknowns' suggest a year of more mayhem awaits... Here's a selection of key events in the year ahead (and links to Bloomberg's quick-takes on each).

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Adoption Of The Euro Has Been ‘Unequivocally Bad’ For Southern European Economies

2016-12-10

by Tyler Durden

2016-12-10

Some say that the common currency prevents less productive economies from cheating by weakening their national currencies and forces them to become more efficient and competitive. Industrial production data shows that it is not the case. Italy, France, Greece and Portugal have not only stopped producing more; they are producing now less than in 1990! The decay started immediately after the introduction of the euro in 2002!

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European Central Bank gold reserves held across 5 locations. ECB will not disclose Gold Bar List.

2016-11-17

by Ronan Manly

2016-11-17

The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion.

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Why Portugal Matters

2016-10-05

by Marc Chandler

2016-10-05

DBRS reviews its investment grade rating of Portugal on Oct 21. A cut in its rating would have far reaching implications. A cut in the outlook is more likely than a cut the rating.

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Who Is The “European Movement” And Why The Answer May Change How You Vote On “Brexit”

2016-06-23

by Richard A. Werner

2016-06-23

The UK has to choice: Remain as sovereign state or merge it into the undemocratic United States of Europe. Big business, banks, central banks and the IMF want to excercise their power through unelected officials. And wonder who is responsible for the "European Movement."

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Brexit: Switzerland Prospers outside the EU, why Can’t the UK?

2016-06-10

by John Browne

2016-06-10

As the June 23rd BREXIT (the UK-wide referendum to leave the EU) vote draws near, the polls indicate a close result. Those urging a vote for the UK to remain inside the EU are suggesting increasingly...

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Global Peace Index: Only 10 countries not at war (among them Switzerland)

2016-06-09

by Adam Withnall

2016-06-09

The world is becoming a more dangerous place and there are now just 10 countries which can be considered completely free from conflict, according to authors of the 10th annual Global Peace Index, among them Switzerland.

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Switzerland’s Gotthard Base Tunnel: Swiss Engineered, Foreign Made

2016-05-30

by Tyler Durden

2016-05-30

Earlier we introduced the Gotthard Base Tunnel, the longest and deepest tunnel in the world. The 35 mile long tunnel which cuts underneath the Alps helps remove natural barriers to trade and tourism, and is undoubtedly a testament to Swiss precision ...

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Three unintended consequences of NIRP

2016-05-24

by Patrick Watson

2016-05-24

Central bankers use low or negative interest rates so that it leads to more investment. For them interest rates are a consequence of the currently very low inflation rates. Patrick Watson argues differently: Falling prices are a consequence of low interest rates.

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