This article was published in El Confidencial on February 2013
“Spain Has Potential to Drag Down The Whole Euro Area” Fitch
“The worst is behind us” Barclays
Last week Francois Hollande, France’s president, said that “the Euro crisis has passed” and just as he spoke, peripheral countries’ bond yields soared. Continue reading Exports and Deficits. Two Sides of a Difficult Coin
Front Row represents the personal opinion of Rodrigo Rodriguez, European Head of developed cash trading for Credit Suisse.
Short week for me as I went back to my home country for a long weekend to do the follow up on little Rods’ helmet and his overall health. It is amazing how much you learn by observing and listening in the doctors waiting room. Continue reading Front Row: What history tells us and what could change
Chart: US gas price -44% since shale gas revolution, Euro gas +23%, UK gas +30% (in USD)… Ban fracking! 🙂We live in panic times. Horror stories abound about shale gas, the energy revolution that has taken US gas prices to the lowest level in decades, has created 2.1 million jobs, 75 billion in tax revenues, 283 billion in GDP, and raised household income up by $1200/yr (source: CERA) … Continue reading Fracking concerns addressed
It was a strong week in the oil market as Brent pushed through the $115/bbl to reach the highest level since April last year. Positive macro-economic data, coupled with the increased geopolitical risk premium provided a positive backdrop for the strong gains. In terms of fundamentals, OPEC production continued to slide in January, reportedly reaching the lowest level in 15 months. It is important to note that OPEC production is nearing the official production quota of 30mbpd level where it may stabilise. Similar to reports in December, reduction in production is largely attributed to a well-supplied market. Continue reading Commodities Weekly