Just to close off the European session….
That’s the euro, deteriorating further against the dollar late in the day, London time. 1.2380 at pixel.Last time we were in this territory was two years ago, when the...
Greece: stuck between Iran and Glencore
You know things are tricky when your energy options are Iran, Glencore or blackouts, and then the Iran option is removed.We’ve known for while that Greece’s reliance...
Bankia, Spain, the ECB and a proliferation of “mistakes”
So, Bankia is in trouble and no one seems to know what is going on. First, the FT said that:A Spanish plan to recapitalise Bankia, the troubled lender, by indirectly tapping...
Gold looks to be losing its lustre