from MacroScope:

A Bank of England dovecote?

By Mike Peacock
November 12, 2014

Bank of England Governor and Financial Stability Board (FSB) Chairman Mark Carney arrives for a news conference at the Bank for International Settlements (BIS) in Basel

The Bank of England will produce its quarterly inflation report today. With wage growth still notable by its absence and inflation dropping to just 1.2 percent in September, noises from within the BoE suggest the timing of a first interest rate rise is heading further over the horizon.

from MacroScope:

Anaemic growth at best

By Mike Peacock
November 5, 2014

Lithuanian 1 euro coins are pictured in the Lithuanian Mint in Vilnius

Service sector PMI surveys for euro zone member states offer the last piece in the economic data jigsaw for the European Central Bank to ponder before its policy decision on Thursday.

from MacroScope:

Not really that close

By Mike Peacock
September 19, 2014

Scotland's First Minister Alex Salmond speaks at the "Yes" Campaign headquarters in Edinburgh, Scotland

So what was all the fuss about?

A first rough draft of history would suggest the one opinion poll that gave the independents a lead nearly two weeks ago scared the Bejesus not only out of the British establishment but a significant chunk of Scottish voters too.

from MacroScope:

EU cuts off Russian banks, puts ball in Moscow’s court

By Mike Peacock
July 30, 2014

Russia's President Vladimir Putin talks to reporters during a meeting in Brasilia

True to its word, the EU agreed sweeping sanctions on Russia yesterday, targeting trade in equipment for the defence and oil sectors and, most crucially, barring Russia’s state-run banks from accessing European capital markets. The measures will be imposed this week and will last for a year initially with three monthly reviews allowing them to be toughened if necessary.

from MacroScope:

Ukraine inching back to the brink

By Mike Peacock
April 8, 2014

Pro-Moscow protesters in eastern Ukraine took up arms in one city and declared a separatist republic in another yesterday and the new build-up of tensions continues this morning.

from MacroScope:

Spain ascendant?

By Mike Peacock
January 16, 2014

Spain appears to be on the road to recovery, if you can call it that with around a quarter of the workforce without a job.

from MacroScope:

Spanish bonds on the block

By Mike Peacock
September 20, 2012

Having done so with a t-bill sale on Tuesday, Spain will continue to try and cash in on the relatively benign market conditions created by the European Central Bank by selling up to 4.5 billion euros of 3- and 10-year bonds. It hasn’t tried to sell that much in one go since early March, when the ECB’s previous gambit – the three-year liquidity flood – had also imposed some calm upon the markets, albeit temporarily (there’s a lesson to be learned there).