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Forbes (Free subscription) | 09/04/2008
... sentiment of the ECB council does not seem to have evolved significantly since last month," said Jacques Cailloux, economist with Royal Bank of Scotland, "despite a sharp deterioration in activity indicators and falls in oil prices and the exchange rate over the inter-meeting period." The Bank of England also held interest rates on Thursday, at 5.00%, but with British economic growth...
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Market Watch (Free subscription) | 08/21/2008
... for the euro zone," said Joerg Radeke, economist at the Center for Economic and Business Research. Jacques Cailloux, head of euro-area economics at RBS, said the PMI readings suggest GDP probably stagnated in the third quarter, "raising hopes that the region has not yet entered a technical recession of two consecutive quarterly declines." Data last week showed that gross domestic...
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Forbes (Free subscription) | 07/23/2008
When the for the first time in a year earlier this month, in a bid to combat record oil prices and inflationary pressures, crude oil was trading at $146 per barrel. Now it is trading at some $20 below this record, a sign that the central bank's president Jean-Claude Trichet may have to rethink his focus. "The drop in oil prices could point to July as the peak for inflation in the ," said Jacques...
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Democratic Underground (Free subscription) | 07/21/2008
... allowing EU states to circumvent the 3pc limit on budget deficits imposed by the Maastricht Treaty.Jacques Cailloux, Europe economist at the Royal Bank of Scotland, said a "reverse decoupling" is now under way as Europe goes down harder than the US - just as it did after the dotcom bust. "There is loss of momentum across the board. We can't exclude a recession," he said...cont'd
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The Telegraph (Free subscription) | 07/15/2008
... allowing EU states to circumvent the 3pc limit on budget deficits imposed by the Maastricht Treaty.Jacques Cailloux, Europe economist at the Royal Bank of Scotland, said a "reverse decoupling" is now under way as Europe goes down harder than the US - just as it did after the dotcom bust. "There is loss of momentum across the board. We can't exclude a recession," he said.Spain is now...
