The G20’s Financial Stability Board will apparently demand higher capital requirements from global systemic insurers to avoid collapses such as AIG’s in 2008. The capital increase could be around 10%.Read More
EXANE BNP Paribas | We assess the likelihood of production declines in non-OPEC (ex. US shale) by comparing the current situation to ’86. History suggests non-OPEC decrease may not happen as quickly as the market hopes.
BARCLAYS | The results of the general election in Portugal came in broadly in line with recent polls: the PSD/CDS conservative coalition, currently in government, won again with 38,5% of the vote, but it fell short of an absolute majority of seats in parliament. Political instability could potentially also result in early elections after one year.
Although the Bank of Spain expects economic growth to slow to 0.8% in the third quarter from 1.0% in the second, international investors are still betting on Spain. Foreign investment outflow fell to 1.5 Bn€ in July compared from 5.5 Bn a year earlier, according to the central bank’s figures.Read More
After the IMF warned about the structural reasons behind the emerging economies’ slowdown, José Luis Herrera, Spanish analyst at CMC Markets, talks about possibles solutions for commodities’ producers.Read More