Blog With Tag ecb
Global growth enters 2018 on a strong footing with confidence surveys at multi-year highs in many regions and inflation expectations still tame but without fears of deflation hindering investment decisions. Strong growth in Q1 should underpin the late 2017 surge in equity and credit valuations, but the outlook for H2 2018 could prove more challenging for asset markets if some of these positive forces plateau or go into reverse.
PegasusCapital - Thu 25th Jan
UK GDP increased by 0.3% quarter-on-quarter in Q2, matching the second quarter estimate and the consensus however, the y-o-y growth rate was revised down to 1.5%, from 1.7%. In addition, the latest PMI survey showed a modest deceleration in the rates of expansion in UK manufacturing production and new orders. Exports remain a bright spot and are still rising at one of the strongest rates over the past six-and-a-half years however, manufacturing is also increasingly being impacted by rising cost inflationary pressures due to rising commodity prices and higher import costs from the historically weak sterling exchange rate.
PegasusCapital - Wed 4th Oct
A new year and a new political landscape is dawning. The consequences of electing Donald Trump as President, voting for Brexit and the elections in Europe will undoubtedly take centre stage this year. As usual we will try and avoid the “fake news” and the spin doctors and concentrate on the fiscal reality!
PegasusCapital - Fri 10th Feb
As one European country (Iceland) phases out capital controls as it emerges from the 2007/2008 financial crisis and the failure of its banking system, another imposes capital controls and faces the prospect of one or more of its banks failing depending on the decisions to be taken by the ECB.
PegasusCapital - Wed 1st Jul
“The secret of change is to focus all of your energy not on fighting the old, but on building the new” said Socrates some 2,500 years ago. The voters of modern Greece have had enough of fighting the old EU imposed austerity and have voted for change in the form of a new force in Greek politics. With Greece’s debt at 175% of GDP and unemployment at 26%, the Greek government is looking to a new agreement with its creditors that would tie its repayment obligations to growth rather than austerity. This may avoid a loss of face for either side but may take time to negotiate; with 3 year bond yields climbing above 19% and Greek bank shares falling 25% a stand-off between Athens and the ECB will only exacerbate the situation.
PegasusCapital - Mon 2nd Feb