The Brexit could be quite heavy for Great Britain. Alarm signs are flashing red. A recent study by PricewaterhouseCoopers on behalf of the Confederation of British Industry (BIi) put at 100 billion pounds the losses for British economy.
The impact of Britain’s exit from the European Union would be broadly negative for UK corporates, with the transport, property and leisure industries at most risk along with smaller retailers, Fitch Rating says. In contrast, some exporters would benefit from moderate sterling depreciation, as long as a new trade deal was swiftly negotiated.
The credit quality of euro area sovereigns will likely remain stable in 2016-17, supported by moderate economic growth and stabilizing debt-to-GDP ratios. But there are some factors that create longer-term risks. It’s what has emerged from the Moody’s report, entitled "Outlook Stable Overall, But Reform Efforts Are Fading And Political Risks Are Rising".
London Stock Exchange and Deutsche Boerse agree this morning 30 bln $ merger, creating Europe’s biggest securities-markets operator
Part of a report of Morgan Stanley – Spring European Economics Outlook Cutting European GDP growth forecasts In light of tighter financial conditions, weaker global growth and rising political risks, […]
The monetary easing announced by the European Central Bank on Thursday had some unexpected components, in particular the new ‘TLTROII’, but it is unlikely to provide a significant boost to the subdued eurozone recovery, Fitch Ratings says
The bears performed strongly until the beginning of US session on Wednesday when EUR/USD managed to erode losses and bounce back to 1.10. In the morning on Thursday we see another round of selling pressure, but movements remain quite hesitant. It is all about the ECB meeting today. In December EUR/USD had spiked on disappointment. Bearish outcome of the gathering may send the pair well down to 1.08, in move that is estimated by daily technical indicators. However, the bulls will try to catch the first monthly resistance at 1.1227 in case there is dissatisfaction with the ECB’s policy.
The latest financial data now show an easing in financial and monetary conditions in the eurozone, with credit data indicating that the recovery
is still on track
