. Marcuard's Market update by GaveKal Dragonomics The commodity boom of the past decade had all the hallmarks of a typical bubble: massive retail participation (through ETFs, mutual funds etc…), large pension fund involvement, a widespread belief that ‘this time, things were different’ and that a ‘commodity super-cycle’ was unfolding. But like all bubbles, this
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* Gov’t needs to raise €2.9 bln * The government is planning two new international debt issues this year, with Finance Minister Haris Georghiades saying on Monday that the aim this year is to refinance some 2.9 bln euros of debt. Georghiades told Reuters the government is preparing for two issues under its European Medium
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* Euro unmoved as German, Spanish inflation craters * Cyprus showed a massive drop on Monday as the consumer price index came in at -1.5% year-on-year against 0.2% in November and -2.3% in December 2013. The CPI for December was down 1.88 points or 1.6% dropping to 115.77, compared to 117.65 the previous month. The
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Average gross monthly earnings fell by 3.8% on a yearly basis during the third quarter of 2014, the statistical service Cystat reported in preliminary estimates, with employee average earnings amounting to EUR 1,758 (males EUR 1,900 and females EUR 1,596). Compared to the third quarter of 2013, this showed a fall of 3.8% in the
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. What’s your cup of coffee worth? By Oren Laurent President, Banc De Binary We all know that oil is central to the world’s economy, but who knows how the markets would respond to a day of businessmen taking a break from their coffee habit? While oil and the other top traded commodities have made
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. * Central Bank directive fails to determine property-against-loan option By George Mouskides Among other things nowadays, the Cypriot investor cannot help but wonder whether real estate prices will continue to dive; if the legislation regulating foreclosures will see many properties being auctioned; or, whether interested buyers will manage to secure bank loans on good
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The total value of bounced cheques in the island’s banking system, dropped to EUR 3,106,319 in 2014, according to the Central Information Registry of the Central Bank of Cyprus. This is down to nearly half of the value of the previous year when EUR 5,673,450 worth of 3,080 cheques had bounced. In December alone, dishonoured
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President Nicos Anastasiades has sent back to parliament a bill approved by the opposition last month that calls for a suspension of the framework law on foreclosures, until the related bill on insolvencies is also tabled. The vote had infuriated Finance Minister Haris Georghiades who chastised deputies for passing such a law that jeopardised the
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. By Nikolas Koukounis There is a growing debate with regards to mediation and its possible effects in the field of out-of-court dispute resolution and on the economy in general. The concept has attracted increasing attention recently, not only amongst lawyers, but also amongst members of the Cyprus Chamber of Commerce and Industry (KEVE). Nevertheless,
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By Jameel Ahmad, Chief Market Analyst at FXTM After making its second attempt in as many days to re-enter 1.20, the euro bears found themselves dragging the EURUSD back down to 1.18 with the pair concluding trading on Tuesday at 1.1883. However in the early hours of Wednesday morning, the pair has already recorded a
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