Hints and tips:
...Last month, Iceland issued its first sovereign green bond, raising €750mn in a 10-year euro-denominated benchmark offering....
...The 2024 SVB report is clear that imports are becoming an increasingly attractive alternative, in a shrinking US wine market....
...For the euro area, it cut its growth projection to 0.9 per cent from 1.2 per cent....
...“Spain and Portugal have suffered less from the impact of the Russian war against Ukraine as the Iberian peninsula was less dependent on energy imports from Russia, while the Next Generation EU common debt...
...Top-end haute couture or watches can cost several thousand euros, putting them out of reach for many consumers, but high-end perfumes remain more affordable....
...A version of this article was first published by Nikkei Asia on September 18. ©2023 Nikkei Inc. All rights reserved....
...Last week a possible next stage emerged in the EU’s campaign to level the playing field for state-subsidised imports from China, or at least give the impression of doing so....
...As we noted yesterday, European stocks’ months-long streak of outperforming US equities broke in mid-January (light blue below), and did so even before recent weakening in the euro: This looks like consolidation...
...Karl Schamotta, FX strategist at Corpay, offers one more reason to be sceptical that the yen is behind the growth uptick: Japan Inc became a multinational while no one was looking....
...Inc and Acc, to use the three-letter acronyms often flash up on fund websites. Now, Lynn, could you have a go at explaining the difference between Inc and Acc please? Lynn Hutchinson Yes, of course....
...But the euro is now worth $0.98, and Europe’s traditional trade surplus has indeed turned into a current account deficit, due to the soaring cost of energy imports and falling industrial exports....
...And Wizz wasn’t helped by the dollar’s strength against the euro, given it reports in the latter currency....
...The euro area is a continental-sized economy....
...Activities include off-grid gas marketing, sales of heating oil and biodiesel, distribution of consumer electronics, and the manufacture of medical products....
...The higher prices rippled into the foreign exchange market, with the euro sinking to its lowest level in two decades over concerns about how spiralling energy costs would affect the eurozone economy....
...It will, however, render euro-denominated imports cheaper. Exporters trading in dollars will find themselves more competitive, whereas exports to the eurozone will become relatively expensive....
...It also means that Japan Inc now responds to changes in global financial conditions in unusual ways....
...Investors are betting the euro sell-off will continue as recession fears grow....
...A version of this article was first published by Nikkei Asia on July 2022. ©2022 Nikkei Inc....
...It became just unviable for us to continue to export from the UK and use the UK as our European distribution hub. Lorries would sit there for days on end....
...A version of this article was first published by Nikkei Asia on January 3 2022. ©2022 Nikkei Inc....
...A version of this article was first published by Nikkei Asia on July 23. ©2022 Nikkei Inc. All rights reserved....
...“You have an issue where you don’t have the distribution assets to bring them where they need to be,” said Christopher Carson, managing director....
...“The probability distribution is dominated by two very different outcomes” over the next few years, he says — each representing one corner of the dollar smile....
...The labour market may now be in the midst of a supercycle of scarcer labour and reliance on imports from China is more tenuous....
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