Currently catalonia is the wealthiest part of the country but for how long all this Political Uncertainty Means Companies on leaving in droves. It started with the banks now hundreds of Medium Sized Companies have either left or are considering leaving the region since the independence referendum they include Financial Institutions like ayesha bunco sab adele Utilities Company gas not and sparkling wine maker fresh anette spains economic minister blames the cattle and Regional Government for the exodus the population is growing uneasy still hes not afraid of a run on the banks. Out there thats the two large catalonian money institutes are both protected by the safety mechanisms of the European Central bank the spanish guarantee fund and the federal government thats why we dont think there will be any limits on the money that the customers can withdraw. Quarterly. The firms pulling out site turnover as their main reason for departure with spain their most important market they fear a ca
Political uncertainty Means Companies on leaving in droves. It started with the banks now hundreds of Medium Sized Companies have either left or are considering leaving the region since the independence referendum they include Financial Institutions like ayesha bunco sab adele Utilities Company gas not and sparkling wine maker fresh anette spains economic minister blames the cattle and Regional Government for the exodus the population is growing uneasy still hes not afraid of a run on the banks. Out there thats the two large catalonian money institutes are both protected by the safety mechanisms of the European Central bank the spanish guarantee fund and the federal government and thats why we dont think there will be any limits on the money that the customers can withdraw. Quarterly. The firms pulling out site turnover as their main reason for departure with spain their most important market they fear a catalan declaration of independence could lead to the country boycotting kettleman
And sees a Million Dollar plus loss in the last quarter. Haidi janet yellen defending her time in office as the race for the fed narrows to three. Fromad half an hour from house price figures. We look at tier one cities in particular to see how things go there. This exemplifies how the pressure on these homebuilders are lessening at the moment. N with house price growth and 60 year on year. It has come down with a bank to earth. The prices for shanghai and beijing have been more modest. For the latest update on the sauce prices and where the market is going from here. Those house prices and where the market is going from here. Haidi president xi jinping reiterating this theme, that housing is for living, not speculative buying. In the lastwatching few days of the 19th Party Congress for news about this reshuffle of the Standing Committee and news when it comes to the 10year of the pboc governor. Tenure of the pboc governor. We do have the ecb policy looking for framework of tightening
Close of equity trading. The stoxx 600 down some. 5 . Brought moresaw it than 1 , the biggest drop since august. It is heading for its biggest weekly loss since august. Due to the distribution of Industry Groups broadbased gloss losses, energy and health care leading the decline. But pretty much every Industry Group on the back foot. Its only financial that were up ever so slightly on this imap. Taking a look at the euro, we are seeing a little bit of euro strength in this section. If you look at eurodollar onemonth risk proposal, its interesting. This is fairly neutral edging into bullish positioning on the euro. It talks about the pain trade in the euro moving higher. Interesting to keep an eye on that. Also, on peripheral spreads. As we see money moving out of equities, continuing in the session from yesterday, we are still seeing eels move higher in the bond market in the sovereign space, thats yields move higher in the bond market in the sovereign space. Look the spread between sp
Im Francine Lacqua in london. To our u. S. Viewers, happy thanksgiving. We still have a very packed show. In currencies, the dollar extending gains at its highest level in more than a decade as the stronger case for a fed rate hike ways on bonds, gold, and emergingmarket assets. U. S. Markets are closed for thanksgiving. We will keep you uptodate with the other market moves. The ecb has published its Financial Stability review. It goes through a little bit of what weve seen on the markets. They are looking at stability, saying the euro area banks have significant vulnerability. Ecb also saying there are sovereign debt concerns and they may return on Political Uncertainty. The ecb mentioning political instability and policy changes as increasing risk. They look at the things surveillance has also looked at. Monte dei paschi is meeting in siena. For more on the banks, we speak to the ecb Vice President , vitor constancio, in just over an hour. A meeting is underway at monte dei paschi. W