{"id":35817,"date":"2016-08-21T00:00:00","date_gmt":"2016-08-20T22:00:00","guid":{"rendered":"https:\/\/aebanca.es\/actualidad\/te-interesa\/aeb-informa\/a-very-atypical-summer\/"},"modified":"2026-04-09T09:53:43","modified_gmt":"2026-04-09T07:53:43","slug":"a-very-atypical-summer","status":"publish","type":"blog-aeb","link":"https:\/\/aebanca.es\/en\/actualidad\/te-interesa\/aeb-informa\/a-very-atypical-summer\/","title":{"rendered":"A very atypical summer"},"content":{"rendered":"

Last summer, risk assets (I am referring to the historically low yields on fixed income compared to the historically high risk premium on stock markets) suffered from the uncertainty stemming from the Chinese economy. Now, Brexit and political instability aside, evidence of economic improvement and central banks committed to the goal of financial stability are underpinning the current calm. <\/p>\n

Are you surprised that I speak of economic improvement? Indeed, especially in the case of emerging markets, beyond China, where few now anticipate a recession. The recovery of commodity prices and the improvement in financing flows largely explain the increased economic optimism. The rest is due to the adjustments carried out by many countries, including a more competitive exchange rate. Does this explain why emerging stock markets are now the best performers? <\/p>\n

Read the spokesperson’s full article in La Vanguardia<\/a><\/h6>\n

\n","protected":false},"excerpt":{"rendered":"

A quiet summer in the markets. And this is a novelty, considering both recent history and the apparently complex current scenario. Last summer, risk assets (I am referring to the historically low yields on fixed income compared to the historically high risk premium on stock markets) suffered from the uncertainty stemming from the Chinese economy. Now, Brexit and political instability aside, evidence of economic improvement and central banks committed to the goal of financial stability are underpinning the current calm. <\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","etiquetas":[378,576,292,314],"categorias-blog":[777],"class_list":["post-35817","blog-aeb","type-blog-aeb","status-publish","hentry","etiquetas-bancos-centrales","etiquetas-brexit","etiquetas-financiacion","etiquetas-mercados","categorias-blog-spokesperson"],"yoast_head":"\nA very atypical summer - Article published in La Vanguardia<\/title>\n<meta name=\"description\" content=\"A quiet summer in the markets. 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