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(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own)
LONDON, Jan 6 (Reuters) - It’s hard playing a worldwide reflation trade when consumer prices have yet to stop falling.
Later this week the euro zone is set to record the joint longest period of headline monthly deflation since the single currency was introduced - joining Japan and Switzerland in a pandemic-driven bout of falling prices that will pressure the European Central Bank to keep its foot to the floor on monetary policy even as markets bet on recovery.
If consensus forecasts prove correct, the pace of euro zone deflation should have slowed a notch to 0.2% last month - even as aggregate prices remained negative for the fifth month in a row and match a 5-month slough in 2009. Core inflation rates, excluding food and energy prices, will likely cling to positive territory, even though the meagre 0.4% rate expected remains the lowest on record.
Greek engineering expertise is bringing Saudi Arabia closer to its Vision 2030 goals, cementing historic ties
Greek construction giants Salfo & Associates SA and SETE Saudia are just two players contributing to the Kingdom’s development
Updated 25 March 2021
March 25, 2021 00:00
RIYADH: In recent decades, investors from Greece and Saudi Arabia have collaborated on a number of joint ventures, mirroring the positive trajectory of their engagement on political and diplomatic levels.
Exports from Greece to Saudi Arabia and vice versa have played a prominent role in the flowering of their commercial relationship.
Viewed through the prism of history, the multidimensional ties that bind Greece and Saudi Arabia today are a continuation of Greek-Arab relations that date back centuries. For proof, one need look only at the artifacts preserved in the Riyadh Museum for History and Archeology, including Greek coins, or drachmas, dating back more than 2,000 years.
Author Bio
James Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense. It s also an approach that respects this John Keynes reality: The market isn t always rational. Follow @jbrumley
Stocks may have dished out big gains this year, but it s entirely possible you missed out on most of them. The pandemic-driven sell-off that first took shape in February flushed a lot of people out of their positions who were slow to step back into the big rebound from March s low. The market has a knack for surprising most investors most of the time.