EU Leaders Lift Europe

Published by Filipe R. Costa on Fri, 29/06/2012 - 14:26
EU flag

Market commentary for June 28: Finally something material is coming out of an European summit. During the night European leaders agreed to create a single banking supervisor and to allow the bailout fund to recapitalise banks directly.

EU Summit Is Underway

Published by Filipe R. Costa on Thu, 28/06/2012 - 12:45

Market commentary for June 27: While European leaders meet again for the nineteenth time since the financial crisis began, the Euro is diving after unemployment numbers coming from Germany disappointed.

US Consumer Confidence Disappoints

Published by Filipe R. Costa on Wed, 27/06/2012 - 10:01
consumer confidence

Market commentary for June 26: US consumer confidence data disappointed again with the main index showing the fourth straight decline. European markets closed lower but the US main indices edged higher.

Cyprus is Fifth in the Queue

Published by Filipe R. Costa on Tue, 26/06/2012 - 12:51

Market commentary for June 25: While investors have their eyes focused on the next European summit, Cyprus is asking for help. The Mediterranean isle is the fifth in the bailout queue, joining Ireland, Greece, Portugal and Spain. The collapse of Greece put the Cypriot banking system in a very weak position. Who’s next?

Going to Another Summit

Published by Filipe R. Costa on Mon, 25/06/2012 - 10:58
EU economy

Market commentary for June 22: While the EU is preparing  another Summit, markets continue on a downtrend. The Euro is holding tight waiting for some magic words coming from the Summit but the much awaited bazooka may just turn into another plastic bullet.

Greece Has An Opportunity For Vengeance

Published by Filipe R. Costa on Fri, 22/06/2012 - 15:11

Market commentary for June 21: Tonight’s game will be seen by many as a serious confrontation between Greece and Germany as politics mix with sports. The Greek will see it as the opportunity to get some revenge from austerity imposed by Angela Merkel and get some inspiration and fresh air to carry their lives forward.

QE3 is Just a Mirage

Published by Filipe R. Costa on Thu, 21/06/2012 - 10:57
ben bernanke

Market commentary for June 20: All those who thought the FED would use all its firepower at yesterday’s policy announcement, were plain wrong. Ben Bernanke continues to play with words and kicking the can down the road.

Waiting For the FED

Published by Filipe R. Costa on Wed, 20/06/2012 - 10:17
ben bernanke

Market commentary for June 19: Markets edged north yesterday while investors wait for Ben Bernanke’s comments. The market is now in FED’s hands that will determine a major correction or a continuation of the uptrend.

Can You Help, Ben?

Published by Filipe R. Costa on Tue, 19/06/2012 - 14:13
bernanke stimulus

Market commentary for June 18: Things are getting ugly in Europe. By one side the result of the Greek election brought some fresh air for many European leaders but by other side we all know that problems will persist and that this is just an extension to give time to minimise any effects of a Greek exit. In Spain the situation is now getting ugly.

Samaras Won But Cannot Save the Euro

Published by Filipe R. Costa on Mon, 18/06/2012 - 16:46
merkel and greece

Market commentary for June 15: The election in Greece brought some fresh air to European leaders especially in Germany as the New Democracy will continue to led the country through austerity. Siryza got almost as many votes as the New Democracy party but the Greek decided to avoid the risk of being thrown out the Euro zone.