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Opportunity opens for new Greek government bond issues

Location:

GREECE

Greek debt’s improving attractiveness.

UK fiscal position leaves little space for growth

Location:

UNITED KINGDOM

The statement coincides with forecasts from the Office for Budget Responsibility (OBR) and the Bank of England (BoE) which envisage that economic growth will not return to…

Negative bond yields will fuel global equity rally

Location:

INTERNATIONAL

The gains in global equities stem from the expanding universe of negative-yielding government bonds, which now account for nearly a third of the stock of global sovereign debt…

Brazil fiscal and welfare spending demands will clash

Location:

BRAZIL

The economy is at a crossroads: high unemployment and increasing poverty are generating pressures for greater income transfers, but the delicate fiscal position is generating…

Central bank action will drive global equity markets

Location:

INTERNATIONAL

This volatility is driven by expectations of further monetary stimulus in response to a slowing economy. Despite persistent concerns about the fallout from the anticipated…

Monetary tightening carries high cost in Argentina

Location:

ARGENTINA

Despite its commitment to a floating exchange rate, the government has been forced to prioritise exchange rate stabilisation. After the change of Central Bank (BCRA) authorities…

Inflation 'solution' should help avoid Brazil default

Location:

BRAZIL

Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…

Greek government will implement austerity grudgingly

Location:

GREECE

Falling bond yields suggest some return of confidence after the government's legislation of further cuts and reforms, and the successful conclusion of the second review of…

Policy doubts will keep Turkish assets under strain

Location:

TURKEY

The relief rally in Turkish assets.

Hungarian monetary policy risks disorderly forint fall

Location:

CENTRAL EUROPE

This is despite a spike in core inflation. The three central banks of Central Europe (CE) are on a loosening cycle, responding aggressively to the COVID-19-induced collapse in…