Unlike next German elections, investors are getting nervous ahead of Italy’s elections, but t the truth is that risks look much lower than a year ago these days. In fact, analysts at Citi Research don’t expect a ‘perfect storm’.
Latin American equities have been on a wild ride in recent years. After heavily underperforming global equity markets until 2015, their fortunes have turned. As pointed by Deutsche Bank AM, the MSCI Latin America Index is up by more than 20% in 2017. A closer look at correlations reveal Latin American equities correlate with metals and mining, not with politics.
On Wednesday September 6, Renfe will submit a bid to develop what will be the first AVE train in the US, running between Los Ángeles and San Francisco in California. The bid fits in with the company’s internationalisation strategy.
Spain’s property sector continues generating good news: housing purchases over the last two years have been rising at double digit rates, prices increasing ten months in a row around 4%. Real estate companies as well as Socimis underlie behind this positive trend. Merlin Properties is a top pick in the real estate sector. It has a portfolio of top quality, diversified assets.
The latest survey carried out by the Bundesbank and BaFin (Germany’s Federal Authority for Financial Supervisión) highlighted a matter which is causing great concern for the “European growth driver”: the “ultra low” official interest rates continue to “strongly weigh” on the smaller German banks.
While the euro area managed to sustain its upbeat momentum over the summer months , market doubt s about the trajectory of the US recovery have started to deepen. As economic growth becomes less dependent on accommodative monetary policy, markets are increasingly focusing on politics and the ability of governments to implement fiscal and structural reforms.
French President Emmanuel Macron’s government has announced reforms to loosen labour market regulations, fuel a fast improvement in employment numbers and boost the economy.
Andrew Sheng via Caixin | No one disputes the great and noble strategic vision of the “Belt and Road” initiative. But after various in-depth analyses, there are three issues that need to be solved before the project can proceed with success.
Home prices in Spain rose 4.4% year-on-year in Q2’17, according to the Price Index for Repeated Home Sales published by the Property Registers College. Prices have now been increasing for 10 consecutive quarters,
The end of the summer season is coming to an end with investors returning to markets not looking much different from when they left. We should not take everything for granted but to look at the world from other investors’ viewpoint as well. It is very well to say bond yields should rise because inflation is picking up, but for a manager with a fixed income mandate the question is ‘where?’ they are in the market, no ‘if?’