Editor, Investment Strategy. Europe, Middle East and Africa, London
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Oil bounceback above $100pb in danger of snuffing out one of few positives out there, brings yoy spot drop back to 10% v 20% late last month
Libor aside, good reason for BoE anxiety is 35bp rise this year in new mortgage rates to 3.75%; biz loan rates up to 1mln +12bp in May alone
OECD inflation at 2.1%, lowest in 16mth http://t.co/VNf24H8s. JPM says last pm global inflation below cbank targets for 1st time since Sep10
@Pawelmorski that’s true, though all part of a path being laid down I spose. anyway, need to make space in the treatment room for Cyprus…
Big moment for Irish govt obviously but also critical for EU to hv at least one country emerge from bailout. Interesting to see demand Thurs
Ireland announces return to short-term debt markets for first time since Sept 2010, NTMA to auction 500 mln euros 3-mth T-bills on July 5
@scottybarber @padraichalpin http://t.co/KdeA4Pdk That green line jumps out! After Fri’s news, what chance Irish return to bond mkt in 2012?
Fri’s whoosh leave some eye-opening H1 total returns stats. +31% in Portugal bonds, +18% in Ireland, +13% in Italy. http://t.co/2nMHIt79
EU leaders to discuss activating EZ bailout funds to buy Spain/Italy debt in primary markets, according to EU officials
“Tightening fiscal policy makes no sense: why cut the budget deficit if fiscal solvency is improving due to QE?”-M&G http://t.co/3eimkuDf
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