Greek rumour mill in overdrive

By Mike Peacock
April 14, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

Greece returns from its Easter break with only a few days to improve on a package of reforms that the euro zone is insisting on in return for fresh bailout money.

No deflation in store for Britain

April 13, 2015

Coin.jpgWill Britain follow the euro zone into deflation? Unlikely, say a majority of the economists who participated in a Reuters poll.

Will manifestos move the UK election dial?

By Mike Peacock
April 13, 2015

Labour leader Miliband speaks at a joint news conference in Edinburgh

Britain’s main political parties will publish their election manifestos this week after what seems likes weeks of campaigning already, none of which has significantly shifted the polls putting the ruling Conservatives and opposition Labour party neck-and-neck.
Labour will launch its manifesto today with the Conservatives following on Tuesday.

Emerging market stocks look more resilient to a Fed rate hike

April 9, 2015

Members of the Legio X Fretensis (Malta) re-enactment group take part in a display of ancient Roman army life at Fort Rinella in Kalkara, outside Valletta

Expectations may have been pushed to later this year for when the U.S. Federal Reserve will hike interest rates, but a repeat of another steep sell-off in emerging market stocks appears unlikely as much has already been priced in – and because of the stronger dollar.

Greeks seeking Russian gifts?

By Mike Peacock
April 8, 2015

Greece's PM Tsipras addresses a news conference after an EU leaders summit in Brussels

Greek Prime Minister Alexis Tsipras is in Moscow.

There has been talk from some in his Syriza party that Russia could be a substitute for EU support. Western sanctions over Ukraine leave it in no position to give Greece funding though the agriculture minister said Moscow could consider removing Greece, Hungary and Cyprus from its ban on most Western food imports, imposed in response to sanctions imposed by the EU and United States.

Brazil gets a vote of confidence

April 7, 2015

Boys play soccer on a driftwood soccer court, on the banks of the Rio Negro or Black River in Catalao community near Manaus

Shorting Brazil is no longer the favorite sport of analysts and traders, judging by recent market trends and comments.

Completing the Q1 euro zone picture

By Mike Peacock
April 7, 2015

Shoppers look for goods in a Karstadt hot deal department store in  in Frankfurt/Oder

Service sector PMI surveys for euro zone members, Britain and others in March will complete a first quarter picture which has generally shown the currency bloc outperforming the United States and China.

Reading the ECB runes

By Mike Peacock
April 2, 2015

European Central Bank President Draghi and Vice President Constancio leave after addressing an ECB news conferenc in Frankfurt

The European Central Bank will release minutes – or what it likes to call its account – of the last policy meeting after which it launched into quantitative easing.

Greek talks stymied

By Mike Peacock
April 1, 2015

Greek Finance Minister Varoufakis walks past  Eurogroup Chairman Dijsselbloem at a euro zone Finance Ministers meeting in Brussels

Greek negotiations are not moving much and an agreement before the Easter break looks increasingly unlikely.

Change in Nigeria?

By Mike Peacock
March 31, 2015

All Progressives Congresses presidential candidate and Nigeria's former military ruler Muhammodu Buhari addresses a news conference outside his house after he voted in Daura

A result in Nigeria’s close-fought election is due to be announced later. With votes from only six of 36 states uncounted, opposition contender Muhammadu Buhari has a lead of over 2.5 million votes over President Goodluck Jonathan.