UBS | The earnings season is right around the corner. We have seen pricing and utilization pressure begin again due to the continued weakness in oil prices and the U.S . rig count. The oil service industry will still remain structurally challenged throughout 2016 and into 2017.
Tao Jingzhou via Caixin | The government must act to clean up a scourge that hurts the public interest yet sees few people ever punished.
On the day that his book “Courage to Act” was released, on Monday, October 5, 2015, he wrote an op-ed at the WSJ “modestly” titled How the Fed Saved the Economy?.The central bank did its job. What about everyone else?
BARCLAYS | Global equities are closing in on their worst quarter since 2011, with a number of factors fuelling fears in an already jittery market.
While Yellen bet on increasing rates, China’s slowdown concerns Draghi, but he is not considering further stimulus for the time being, says Gabriel Marqués at Intermoney.
LONDON | BNP Paribas | Even after a very dovish FOMC meeting…the USD reaction has been muted. BUT the USD has strengthened against the EM currencies…
By Fernando Barciela | Board member at Ferrovial, amongst other Spanish listed companies, Juan Arena was President of Bankinter from 2002 to 2007. “The crisis comes when assets prices drop. Then we have to choose between debt haircuts or raising asset prices via inflation and money printing,” he says.
The EBA published yesterday the results of its regular health checks on banking, focused on the capital, leverage, liquidity and net stable ratios at the close of 2014. On average results fall comfortably inside the stringent Basel III requirements.
Barclays | We expect the Fed to remain on hold at its September meeting, deferring rate hikes while it assesses renewed risks to the outlook.
By Michael Hasenstab and Sonal Desai via Caixin | China’s devaluation of the yuan has prompted worries, but these are overblown regarding both China and other markets.