The euro has defied expectations, ending the year much higher than predicted. Alice Ross, the FT’s currencies correspondent, asks Jose Wynne, head of foreign exchange research at Barclays, what effect the ECB’s Outright Monetary Transaction scheme would have on the euro if implemented next year. Also under discussion is the outlook for the dollar if a deal is reached on the fiscal cliff, and whether the yen will finally weaken.
David Keohane and Izabella Kaminska are joined for FT Alphaville’s Christmas podcast by Dylan Grice, until recently part of Société Générale’s global strategy team, to discuss the economy in 2013, robots, patents, inflation and, perhaps most importantly, the difference between a Star Trek and a Star Wars economy.
The massacre of 27 people, including 20 children, at an elementary school in Newtown, has changed America’s discussion about gun control, but will it lead to legislative change? Ben Fenton, from the FT’s live news desk talks to US correspondent Ed Crooks and Richard McGregor, Washington bureau chief, about the steps President Obama can take to curb investment in the gun industry and why citizens so zealously guard the second amendment, which gives Americans the right to bear arms.
This week Brooke Masters is joined by US banking editor Tom Braithwaite, James Shotter, Switzerland and Austria correspondent, and insurance correspondent Alistair Gray to talk about the call by US banks for an easing of the Basel III liquidity requirements as the Federal Reserve starts a new round of stress tests. Also discussed are recent developments in the Libor scandal and whether insurance companies should face the same kinds of regulation as giant banks and be designated as global systemically important financial institutions or GSifis
Investors have been aggressively shorting the Japanese yen in recent weeks in anticipation of a more dovish approach from the Bank of Japan. However, Adam Cole, foreign currency strategist at RBC Capital Markets thinks that these traders are heading for disappointment. He joins currencies correspondent Alice Ross to discuss the effect of the Japanese elections on the currency and whether investors are falling out of love with the Swiss franc, following inaction from the Swiss National Bank.
Italian prime minister Mario Monti has said he’ll resign, making elections likely to occur next February. But who is likely to win, or even who will run, remains unclear. Both Mr Monti and Silvio Berlusconi are possible candidates. Guy Dinmore, FT bureau chief in Rome, Tony Barber, Europe editor, and Ferdinando Giugliano, leader writer, join Gideon Rachman.
Despite low volumes, 2012 has been a fascinating year for dealmaking. Controversial deals, such as the long-running battle by Glencore, the commodity trader, to take over Xstrata, have dominated headlines. New frontiers, including Chinese international mergers and acquisitions, have emerged. Anousha Sakoui, the FT’s M&A correspondent, is joined by Jan Skarbek, head of investment banking at Citi, Charles Jacobs, a partner at Linklaters and Piers Pritchard Jones, a corporate partner at Freshfields Bruckhaus Deringer, the law firms, to review the year in dealmaking and to look ahead at trends for 2013.
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