The direction of investments in different asset classes is now dictated by investors' perception of the presence of systemic market risk, rather than by the fundamental characteristics of a given asset.

The reporting season for the first quarter of 2012 in the United States is in full swing. This period of the year is very important for the American economy because it shows what sales and profits large corporations have achieved.

The deteriorating economic situation in Spain is further proof that no matter how much liquidity the ECB pours into the eurozone countries, it cannot solve the structural problems of some countries.

Recently, there has been much talk about the decline of the US dollar as the world's reserve currency and the Chinese yuan as its possible replacement.

The February US employment report was released about two weeks ago. According to the data, unemployment remains at 8.3%, and new jobs created in the second month of 2012 are 227,000. For comparison, in January, US statistics show a drop in the unemployment rate from 8.5% …

On February 29 this year, the European Central Bank (ECB) implemented its second liquidity injection of low-interest three-year loans (the so-called Long Term Refinancing Operations (LTRO)) for the banking system in the euro area. The amount of loans provided was 529 billion euros and over 800 credit institutions benefited from it. In the first …

The stock market in a country is a leading indicator of the state of its economy. When stock market indices measuring stock prices start to rise, it is not long before the economy follows suit. The theory states that stock prices reflect future expectations about the state of a company and …

Another winter and another gas crisis. The cold, which has gripped most of Europe and Russia, has sharply increased the consumption of natural gas. A shortage of natural gas has immediately appeared, as Russia has taken advantage of the moment and reduced gas supplies through the Druzhba pipeline by 10%. This time, the Russians have justified themselves with a record …

In a report published in January and titled “Debt and deleveraging: Uneven progress on the path of growth,” the McKinsey Global Institute examines the debt levels of several major advanced economies and the path these economies have taken since the beginning of the crisis to deleveraging. The report focuses more on the United States, …

On January 30, French President Nicolas Sarkozy announced that regardless of whether the European Union (EU) imposes a tax on financial transactions (the so-called Tobin Tax), this type of bet will be introduced by France as early as August this year. The tax will be 0.1% of each transaction, will …