Greek confidence vote

By Mike Peacock
October 10, 2014

A Greek and an EU flag flutter in front of the temple of the Parthenon during the takeover ceremony of the six-month rotation of Greece's EU Presidency in Athens

Greece’s ruling coalition will hold a confidence vote in parliament this evening in an effort to end speculation that the country may be facing snap elections early next year.

Shocking German figures

By Mike Peacock
October 7, 2014

A new Mercedes AMG GT super sports car rim is seen during a factory tour for journalists at the Mercedes AMG headquarters in Affalterbach

After a stunning fall in German industrial orders for August – the 5.7 percent monthly drop was the largest since the global financial crisis raged in 2009 – industrial output for the same month has just plunged by 4.0 percent, also the biggest fall in five years.

from Global Markets Forum Dashboard:

More volatility expected as Fed rate rise looms – Cumberland Advisors’ David Kotok

October 1, 2014

David Kotok, Cumberland Advisors

David Kotok, Cumberland Advisors

A healthy dose of fear has re-entered financial markets in the final three months of the year. The Chicago Board Options Exchange VIX, a widely tracked measure of market volatility, rose to a two-month high on Wednesday.

TLTRO effect is the ECB’s Waiting for Godot

September 23, 2014

AWhen banks are offered hundreds of billions of euros worth of what is essentially free money and they don’t take everything they can get, something has gone seriously wrong.

The ECB keeps putting up the cash, but where’s the lending?

August 28, 2014

Draghi and TrichetFor the European Central Bank, a lot is riding on euro zone banks ramping up lending to the private sector. Unfortunately, after a very long time, lending still is not growing. It fell 1.6 percent on a year ago in July.

ECB’s fingers crossed for private loans growth

August 4, 2014

Mostly bereft of policy options except for outright quantitative easing, European Central Bank President Mario Draghi hopes that hundreds of billions of euros more in cheap loans to banks will boost inflation.

Another month, another downside surprise on euro zone inflation

July 31, 2014

sale signsNobody except a born pessimist ever expects a bad situation to get incrementally worse.

Euro needs the Fed, or QE, for the next leg down

June 9, 2014

EIt has become increasingly clear it takes a lot more than words to sink the euro.

Evening of reckoning

By Mike Peacock
May 27, 2014

EU heads of government and state dine in Brussels this evening to discuss their response to a big slap in the face from the bloc’s electorates.

A negative ECB deposit rate: “What difference would it make?”

May 23, 2014

A chef slices a portion of greater amberjack while preparing sashimi at the Akasaka Umaya Japanese-style restaurant in TokyoThe European Central Bank will probably cut its deposit rate below zero in a few weeks, charging banks to park money with it.