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These job figures are highlighting the widening gap between U.S. and European monetary policies. People are booking profits on U.S. stocks and rushing into Europe where quantitative easing is just starting, after such a rally, we're ripe for a pull-back in Europe, but the investment inflows are so strong that the dips remain shallow.
– Arnaud Scarpaci
Found on Reuters2 years ago
The attack this week on the rouble has been quite violent, and the market is now pricing in a recession in Russia next year.
The attack this week on the rouble has been quite violent, and the market is now pricing in a recession in Russia next year, a lot of European companies exposed to Russia are under pressure. It's better to avoid names such as Metro, Nokian and Societe Generale, at least until things stabilise in Russia.
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