Dodd-Frank deregulation could turn banks into massive sellers of treasuries
The possible modification of the Dodd-Frank law to create a less regulated market, which Donald Trump wants to implement, could give a fresh boost to Treasuries’ IRR.
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Talgo Sets Up A Company To Compete With Renfe’s AVE
Talgo has set up the company Motion Rail to break into the high-speed and long distance rail market when Spain’s rail transport sector is liberalised and opens up to competition in Europe. This is expected to happen end-2020.
Deutsche Boerse, A Merger That Need Not Happen
Since the DB /LSE merger was announced (a year ago officially), it has been more beneficial to LSE shareholders than to DB’s, with a valuation gap (29x for LSE vs. 18x for DB) that has never closed. Respective shares have continued to trade in an uncorrelated way suggesting that not only the deal is not consummated but that the GBP/Brexit tango cannot be ignored.
Eurozone Inflation: With Just A Very Little Help From My Friends
Yes, inflation is a global phenomenon, and inflation moving higher elsewhere will help Euro area inflation. According to BoAML, while the global backdrop will be helping, it will not move the needle enough to sustain inflation beyond the mid-year hump. Analysts think that a gradual improvement in the global output gap will generate a cumulative increase of 5bps in Euro area core inflation.
ECB faces the NPLs burden: over €900 MM, almost 9% of Eurozone GDP
The problem loans of the big banks directly under ECB supervision totalled close to 1 trillion euros at end-2015, although they declined to 921 billion in September 2016 (almost 9% of the euro area’s GDP), according to the data disclosed by Vítor Constâncio on February 3. But the problem is that this figure is not distributed homogeneously across the banks.
The Importance Of Housing And The Mortgage System In Spain
Spain’s mortgage system, which is one of the cheapest and with the best financing conditions in Europe, has allowed more than 80% of families to own their own home. So a priority should be put on maintaining the system’s characteristics, in terms of depth and stability.
Gamesa, Survival Of The Fittest: Price Target From €19,50 To €21
Returns in offshore wind projects have come under pressure with intense competition and aggressive assumptions. As the technology matures, Citi analysts believe falling costs should support a 7-9% project return in the long ter. The case of Gamesa.
Explaining the Rise of Populism in Europe
While three more rate increases have been forecast for 2017, growing populism is a crisis of entitlement, and those higher interest rates will squeeze some countries more than others.
Banking Regulation: Do We Stop Extending This Or Go Further?
J. L. M. Campuzano (Spanish Banking Association) |So where do we go now? Do we stop extending banking regulation or do we keep including more conditions? We look to the US, but actually the debate already started a few months ago in Europe. Many experts (some from the ECB itself) warned about the complexity of the measures taken up to now and about the risk this implied for the sector’s stability. And for the financing of the economy.
Europe Vs US: The Earnings Comeback
US is at a 40-year high relative to Europe(outperforming by 105% since 2008). With big secular shifts in the wind, investors are naturally curious to evaluate the case for Europe. The conclusion is the region is cheap vs the US.