Japan’s growth to slow down

first_img Share Sunday 15 August 2010 10:11 pm Show Comments ▼ whatsapp Economic data out today in Japan is expected to show that the pace of the country’s growth eased in the second quarter of the year, as a stronger yen weighed on exports. Japanese exports buoyed the economy by 1.2 per cent in the first quarter, though the latest figures for June showed that the growth in the country’s exports slowed. The yen rose to a 15-year high against the dollar last week. whatsapp Japan’s growth to slow down KCS-content Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotlast_img read more

Dana Petroleum turns down hostile bid from KNOC

first_imgWednesday 8 September 2010 3:03 am Dana Petroleum has rejected a hostile £1.67bn bid from Korea National Oil Corp, citing an independent valuation that said the explorer was worth considerably more.Dana also unveiled the acquisition of North Sea assets from Canada’s Suncor for £240m.Last month KNOC made its 1,800 pence bid direct to Dana’s shareholders after failing to convince Dana management to recommend its bid.Dana said independent experts it hired to value the company said it was worth from 2,120 pence to 2,465 pence, based on existing assets and over 3,000 pence if one assumed success in its exploration plans. John Dunne whatsapp Dana Petroleum turns down hostile bid from KNOC Share Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULL whatsapp Show Comments ▼last_img read more

Credit Suisse commodity star quits to set up hedge fund after Obama reforms

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL whatsapp whatsapp A TOP Credit Suisse commodity trader is leaving the bank, along with a team of proprietary traders, to set up a hedge fund backed by $150m (£95m) from private investment firm Blackstone Group, The move by George “Beau” Taylor, a rainmaker renowned for making big bets on energy markets at a series of Wall Street firms, is the latest response to the Obama administration’s decision to crack down on so-called “speculative” trading.Eight people will be leaving the bank, including Taylor, the global head of commodities arbitrage trading, and Trevor Woods, head of energy arbitrage trading.Credit Suisse and Blackstone declined to comment on the moves.Investment banks like Credit Suisse with proprietary trading desks are taking a hard look at their trading businesses and whether they comply with the so-called Volcker rule, part of financial reforms designed to rein in banks from making risky bets with their own capital. Sharecenter_img Credit Suisse commodity star quits to set up hedge fund after Obama reforms More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org KCS-content Show Comments ▼ Thursday 23 September 2010 7:51 pmlast_img read more

Compass

first_img whatsapp KCS-content Show Comments ▼ whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org COMPASS has come a long way since Turkey-Twizzler-gate. It is now the world’s largest food business, with operations in 50 countries and annual revenues of £13bn. According to yesterday’s numbers, things are going from strength to strength.Momentum is clearly on the firm’s side. Organic sales grew 0.4 per cent in the first half, and five per cent in the second. Revenues in the North American region, Compass’ biggest, grew by 5.5 per cent over the full-year, against 2.8 per cent in the first six months. Sales in Europe were flat, with trading particularly tough in the UK, but Brazil and Australia helped the rest of the world grow revenues by six per cent. The firm is also dripping in cash, with free cash flow of £650m and net debt of around £700m. It will likely move to a net cash position soon, leaving it free to return cash to shareholders or buy bolt-on targets.The global food services market, worth £200bn a year, is ripe for consolidation. Just 40 per cent is currently outsourced, and Compass has just seven per cent of the fragmented market, but at this rate, it will soon have much more. Compass Tags: NULL Share Thursday 30 September 2010 10:27 pmlast_img read more

Carillion eyes support services as governments slash spending

first_img Tags: NULL Carillion eyes support services as governments slash spending Share KCS-content whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldcenter_img Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Show Comments ▼ Wednesday 8 December 2010 8:23 pm BUILDING and support services company Carillion plans to double revenue from its international business and expand its UK support services arm as governments look to cut costs by contracting out more services. Carillion said its Middle Eastern construction business had done well and annual earnings were on track to meet hopes. The firm works in Abu Dhabi, Oman and Qatar and hopes to expand into Saudi Arabia.Carillion said its decision in May 2010 to reduce the size of its UK construction business by a third had put it in a strong position to manage reduced capital investment by the government in the next four years.The group said support service revenue would be lower than in 2009 due to the sale of non-core operations, but there was a record number of contract opportunities as local councils tender more services. Carillion also forecast good growth in pre-tax profit in 2010.It said: “The group is well positioned to make further progress in 2011 and to deliver its objectives for medium term growth, namely doubling the revenues of our international businesses, while delivering substantial growth in UK support services.” last_img read more

ANALYST VIEWS: IS THE SHINE COMING OFF THE IPO FIRM’S SUCCESS STORY

first_img Share KCS-content Wednesday 15 December 2010 7:52 pm whatsapp ANALYST VIEWS: IS THE SHINE COMING OFF THE IPO FIRM’S SUCCESS STORY by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof PHILIP DORGAN | ALTIUM SECURITIESGiven the premium rating and no upgrades, coupled with the gross margin comment, the shares may struggle to make progress.NICK BUBB | ARDENThe statement reads very well, with Christmas going well. SuperGroup looks to be ahead of expectations in sales for womenswear for 2011 to 2012.MATTHEW MCEACHRAN | SINGER CAPITAL MARKETSIf the business were trading on a low multiple raw material rises etc would not matter. But it’s not, and has had unimpeded progress. Show Comments ▼ whatsapplast_img read more

Dividends will jump this year

first_img Share Tags: NULL KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Sunday 30 January 2011 11:19 pm DIVIDEND payments from listed companies are set to rocket this year, reversing a two year downward trend.Payments have been hit by the financial meltdown and the Gulf of Mexico disaster but will spring back this year, according to a new study by Capita Registrars. Dividend payments will hit £63bn – still lower than the amount paid in both 2007 and 2008 but far above the £56.5bn paid out last year.BP is one of the top dividend payers in the country and still ranked seventh last year despite making only one payment. center_img whatsapp whatsapp Show Comments ▼ Dividends will jump this year Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

BEST OF THE BROKERS

first_imgTuesday 1 February 2011 8:35 pm Show Comments ▼ BETFAIRJP Morgan has started covering the online gambling group with a “neutral” rating and a target price of £10.24. The broker points out the regulatory risks of the firm, warning that 27 per cent of its revenues are generated in countries where the firm is vulnerable to changes in regulation. But it believes that this is offset by excellent cross-selling opportunities from licensed sports and potential for a tax-saving move offshore. CAPITAL SHOPPING CENTRESUBS rates the retail property owner “neutral” with a 12-month target price of 395p. The broker estimates that CSC’s recent purchase of the Trafford Centre could add seven per cent to earnings per share, based on last year’s earnings, though the share dilution could drag on EPS momentum in the medium term. UBS also warns that the share price may prove weak now that the firm is less susceptible to takeover approaches. VODAFONEGoldman Sachs rates the telecoms group “neutral” with a target price of 183p. The broker expects the firm to report 2.9 per cent year-on-year organic growth when it reports tomorrow, with total group revenues of £11.7bn. It believes the firm is unlikely to return to sustainable growth in Europe, however, or maintain predictable dividend payments from its wireless partner Verizon. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com KCS-content whatsapp Sharecenter_img BEST OF THE BROKERS Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsUndo Tags: NULL whatsapplast_img read more

Pearson snaps up EDI in £113m deal to bolster its education unit

first_img Pearson snaps up EDI in £113m deal to bolster its education unit whatsapp Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsUndoPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-TodayUndo Pearson has agreed a deal to buy Education Development International (EDI) for £113m to further boost its presence in the training and assessment market.The publisher, which owns the world’s largest education business and the Financial Times, said yesterday it had already received support for the deal from over 30 per cent of EDI’s shareholders, which includes the firm’s directors.The group believes the acquisition will further boost its strength in the education and testing business. EDI has a strong reputation for its use of IT to conduct learning programmes and deliver on-screen assessment.The 200p-a-share cash offer for each EDI share represents a premium of around 61 per cent to the closing price on 4 March, the last business day before the offer period. EDI provides more than 400 vocational qualifications in the UK, offering work-based training for employers and colleges. Sharecenter_img Tags: NULL Monday 7 March 2011 8:57 pm whatsapp KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comlast_img read more

ECB should hike rates – but don’t forget Spain

first_imgSunday 3 April 2011 11:26 pm KCS-content ECB should hike rates – but don’t forget Spain More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp Share whatsapp Tags: NULL It is all but certain that the ECB will raise rates this week. It has been itching to do so for some time. Now that the moment has arrived what will the move actually mean for the Eurozone and the global economy? The simple answer is probably not very much. The move has been well telegraphed and priced in to financial assets. The key policy rate will also remain well below an inflation reading that in February hit a 29-month high of 2.6 per cent. Some degree of normalisation is desirable. The current ultra-easy money environment is not sustainable without creating huge distortions further down the road. Drilling down further, rates are not in any way appropriate for the big economies of France and Germany, which are well on their way to recovery. The real issue though is not what happens on 7 April but after it. Pragmatically, the ECB should tighten slowly and carefully. The economic environment remains unclear with the situations in Japan, North Africa and the Middle East still unresolved. However, the biggest uncertainty policy makers face is how the periphery of the region will respond to a higher cost of borrowing. The central bank says it can do no better than set policy for the whole of the area. True, but is the ECB really prepared to feed the weakest members of its flock to the wolves? Despite ongoing liquidity support, an abrupt change in the cost of money will kill off any hope of recovery for many. The critical country to watch now is Spain. While Greece, Ireland and Portugal matter, they are still minor players within the euro area. Spain is its fourth largest economy. It matters not only to the ECB but also to the markets. Judging by yields in the secondary market, investors have become more relaxed about prospects for Spain over recent weeks. This may change. The cost of recapitalising the country’s savings banks is still unknown, as is the impact of tighter money on the broader economy. Spain has large numbers of variable mortgages which means that any move from the ECB will be quickly transferred to the already stretched consumer. If Spain shows signs of faltering then the Eurozone has a massive problem. At that point rate rises may need to stop or even be reversed. This, though, is for the future. Tightening is the right thing to do right now. Pricing in an aggressive tightening cycle is not. There are still too many unknowns: both the ECB and investors should tread very carefully.Guy Johnson co-anchors European Closing Bell weekdays on CNBC. Show Comments ▼last_img read more