1. Italian BTPs BTPs gained on the back of comments made by Finance Minister Giovanni Tria. He pledged fiscal prudence with respect to the Italian budget. Lower BTP yields, especially in the front end of the yield curve, take the stress of the banking community and European financial markets in general. 2. Crypto Meltdown The year-to-date change in …
(BLOG) Morning Brief- Thursday, Sept 6th
1. EM FX The weakness in EM seems to be moving from idiosyncratic situations to contagion. The huge currency losses in some EM markets are not without historical precedent. Losses in 2008 and 2015 exceeded 15%. Bottom line: it feels bad, but it could easily get worse. Why it Matters Emerging markets had another rough day …
(FORBES) Iran: Stuck Between A Political Rock And An Economic Hard Place
Precarious. That is the best word to describe the current situation in Iran. The intersection of geopolitics, economics and internal politics is forcing painful change. How did Iran get to this point and where is it headed? Click here to read the entire post on Forbes
