Overview: Oil prices have collapsed to start the new week. The May contract, which expires now, is off over 20% to a little more than $14 and the June contact is off nearly 7% near $23.30. Falling demand and limited storage space continue to overwhelm output cuts from OPEC+ that are to start next month. …
Oil Tanks, Dampens Risk Appetites after Back-to-Back Weekly Equity Gains Read More »
Germany does not have a government, though the election was more than three months ago. Spain, Portugal, and Ireland have minority governments. Austria is the first government since the financial crisis to include the populist right. The EU is trying to press the Visegrad group of central European countries to conform to the values of …
The eurozone appears to be in rare form. The political threat that seemed so palpable at the start of the year has faded. Not only have the populist-nationalists been turned back at every opportunity, but polls suggest the new French President can secure a parliamentary majority in upcoming elections. The regional economy continues to expand …
Many observers continue to tout Italian risks as the greatest in the euro area into the year end. The constitutional referendum that would emasculate the Senate, and end the perfect bicameralism that has contributed to more than 60 governments since the end of WWII. The fact that Prime Minister Renzi indicated he would resign if …