Markets right to shrug off Cyprus crisis ... for now
The dog did not bark in the night, indeed it barely whimpered. The turmoil in Cyprus pushed down the euro a bit, though it clambered up on Friday, but markets as a whole reacted with equanimity.
The dog did not bark in the night, indeed it barely whimpered. The turmoil in Cyprus pushed down the euro a bit, though it clambered up on Friday, but markets as a whole reacted with equanimity.
It is of course another Budget tomorrow and one that the chancellor should not enjoy delivering, for this was not where we were meant to be.
N THE problems faciNg Ms Villiers's predecessor, OweN PatersoN, are of aN altogether differeNt Nature.
Share markets here and elsewhere nudging new "highs"; economic outlook mediocre. Is this a disconnect, or might the recovery in shares and other asset prices help sustain an increase in real demand?
George Osborne was full of tough talk on multinational tax avoidance in the Autumn Statement last month.
Is central banking about to make another of its once-in-a-generation shifts in direction, this time away from focusing on current inflation?
It is possible that the 20-somethings now entering the workforce in the UK will become the first generation for a couple of centuries that end up, on average, poorer than their parents?
Anyone with any sense of humanity must surely feel deep concern for the Greek people.
One of the continuing puzzles of the summer has been the continued solid performance of equity markets in the face of relentless, bad economic news.
What a contrast between the upbeat and exciting news on the Olympics and the downbeat news on the economy.
It is party time. Actually for quite a lot of us it is holiday time too, and given the mass of depressing economic news from just about everywhere in the world, the summer break has come in the nick of time.
Across the Channel, the evidence of recession is mounting, with even the German economy heading towards this, if the latest Ifo and purchasing managers' surveys prove correct.
The UK economy is becoming more and more interesting.
Let's stand back. The long agony of the eurozone will grind on a while yet.
Let's start with a puzzle. If the UK economy was shrinking during the first three months of this year, how is it that between February and April it added a net 166,000 jobs?
Where is the safest haven now? The past few days have seen another wave of fear in the markets for all the obvious reasons.
The phrase shareholder spring is already a cliche that should probably be banned by all self-respecting journals.
It is very hard to be optimistic about the eurozone economy, particularly so when we get data such as the unemployment figures.
Oh dear. Barclays' PR offensive with its fractious corps of investors appears not to have been going too well.
It is countdown to a new regime in France, with the latest negative data on the economy tipping the balance of probability against the incumbent - however unfair that might be.
AS one Cathedral Quarter door closes, another might be opening.
A BUILDING firm which carried out repair work for the Northern Ireland Housing Executive (NIHE) has gone into administration blaming increased financial pressures.
Budget airline easyJet is to upgrade and expand its fleet under a deal to buy 135 Airbus planes over the next nine years. The no-frills carrier said the new 180-seater A320 planes will allow it to boost passengers carried from 60m a year to 90m. The move will mean easyJet can replace around 85 of its current 211-strong fleet of 156-seaters.
Drug group AstraZeneca said plans for a new research base in Cambridge will boost the chances of Britain discovering the next generation of medicines. The group revealed yesterday it will build a £330m research and development site on Cambridge Biomedical Campus by 2016, employing about 2,000 staff.
INternet streaming firm Netflix is to air original TV programming from Dreamworks Animation in a deal described as a major coup for both firms. Financial details were not disclosed but Netflix said the multi-year agreement is its biggest deal for original first-run content. It includes more than 300 hours of new TV.
Coffee chain Costa warmed shares in parent firm Whitbread yesterday after figures revealed another sales boost during Britain's colder-than-normal spring. Costa's like-for-like revenues rose 8% in the 13 weeks to May 30 as more customers lingered in its shops due to frozen temperatures outside. However there was no such boost for Whitbread's restaurant chains.