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Switzerland’s ZEW investor confidence survey may show an increase for a third month in September, indicating the economy may escape a recession. The Swiss economy contracted 0.1 percent in the second quarter, the first drop in output for almost a year, as exports declined and companies cut spending. Swiss central bank President Thomas Jordan said in June risks for [...]
ECB Governing Council member Luc Coene said rising yields may force Spain to ask for aid and submit to ECB conditions. The world economy is sliding into a “twilight zone” between outright expansion and renewed recession, says Joachim Fels, chief economist at Morgan Stanley. Indonesia may surpass Germany and the U.K. by 2030 to be the [...]
The euro area may have posted a record 15 billion-euro trade surplus in July, according to a Bloomberg survey. Exports from the euro area to the rest of the world rose 12 percent in June from a year earlier, outpacing a 2 percent annual gain in imports and reflecting a weakening of the euro. The single currency was [...]
Global asset prices may be set to rise following the Fed’s decision to implement a third round of quantitative easing. During QE1, the MSCI World Index rose about 40 and during QE2, global equities rallied about 18 percent. They advanced 16 percent during Operation Twist, which was extended in June. The CRB Commodity Index benefited during QE1 and QE2, [...]
Dutch Prime Minister Mark Rutte’s Liberals took 41 of the 150 seats in yesterday’s national elections, up from the 31 in the outgoing parliament, according to news agency ANP after 98 percent of votes were counted. The Labor Party won 39 seats, up from 30. D66 rose to 12 from 10, as the Christian Democrats lost eight seats [...]
Germany’s Constitutional Court will rule today whether the country can contribute to the 500 billion-euro bailout fund. The taxpayer-backed fund will be able to lend money to troubled countries that are unable to borrow from investors. The permanent rescue fund cannot commence without Germany’s participation. Angela Merkel may comment on the decision shortly afterwards in a budget debate in [...]
