What we are seeing in Portugal is an increase in reform fatigue. Of course, this had been brewing for quite some time in view of the protests but now it has led to clear signs of corrosion in the governing coalition.
European small-cap equities, as measured by the HSBC Smaller Companies Europe ex UK Index, have made a promising start to 2013, returning 15.6% for investors in Sterling terms over the first half of the year. This is not only ahead of the 11.4% rise in the large-cap dominated MSCI Europe ex UK Index, but also global equities, with the MSCI AC World Index returning 14.0% in Sterling terms over the same timeframe.
HM Treasury has appointed Rothschild, as external corporate finance advisors, to support the RBS bad bank review announced by the Chancellor at Mansion House on 19 June 2013.
Sterling made broad gains across the board Wednesday morning following the release of much better than expected service sector data for June, spurring hopes that the economy may finally be starting to recover.
The Royal Bank of Scotland (RBS) has announced that they will investigate their lending to small businesses.
The continued political turmoil in Egypt has seen the price of US light crude oil rise above $100 a barrel for the first time since September 2012.
Former Monetary Policy Committee member Andrew Sentance believes new Bank of England Governor Mark Carney’s biggest challenge will be to wean the UK off quantitative easing and low interest rates without causing panic in the markets.
BlackBerry is solidly in follower mode
On Monday, Mark Carney becomes Britain’s most powerful un-elected official and the first non-British citizen to govern the Bank of England in its 319 year history.However, market expectations around his arrival are so high that it might be impossible for him to deliver.
The incoming Governor of the Bank of England will face a zombie Britain when he takes over on Monday (1st July) according to a European Economist.