INVESTORS SOLD THE NEWS
The highly (overly) anticipated monetary support measures promised by the European Central Bank (ECB) deeply disappointed investors around the world on Thursday 3 December when they were finally announced.
SHOULD WE WORRY ABOUT THE DECLINE IN SWISS GDP?
Switzerland’s GDP declined ever so slightly (-0.1% QoQ annualised) between July and September. Growth was held back by a contraction in the balance of trade in services, a slowdown in construction spending, and destocking.
HOW WILL THE NEXT FED DAY AFFECT EMERGING MARKETS?
May 2013: the Fed’s announcement that it would taper its monthly bond purchases as part of the quantitative easing programme delivered a blow to emerging markets, which shed nearly 20% in just two months. This effect – dubbed the taper tantrum – continues to weigh on emerging markets, which are highly sensitive to international capital flows.