UBS | We reviewed the financial statements of 134 banks to understand loan exposure by industry as well as to try to estimate the size of private – sector lending versus state – sector lending.
James Alexander via Historinhas | Every time I see the chart for US unemployment these days it looks like it is time for the trend to turn.
Bruce Newsome | European security needs to change. France has the most at stake and the most influence in the EU. It needs to improve European border security first, before it blames national security.
Last Friday’s terrorist attacks in Paris will be the main driver of European and US stock markets this week. Bankinter analysts expect a downward trend, but it will not be “worrying.” In their opinion, the impact over the first two days could wipe around 2% off the European bourses, but they will soon stabilise.
Fernando Barciela | European leaders are upset these days about the possibility of the UK abandoning the EU. But in the end, they seem convinced that this will be avoided.
Jens Bastian via Macropolis | Portugal and Greece are geographically located at the opposite ends of the eurozone’s southern periphery. In the course of the past five years, both countries had to confront various political calamities and economic crises, culminating in having to seek financial assistance from international official creditors.
Richard N. Cooper via Caixin | Fourteen years ago, Jim O’Neill of Goldman Sachs coined the term BRIC to stand for Brazil, Russia, India and China – four large emerging economies that might together shape the world economy in the future. With the later addition of South Africa, they came to the agreement in 2015 to create a BRICS bank.
The day after Draghi warned about greater than expected weakness in Eurozone inflation data, Spain’s final October inflation number has been published, confirming the -0.7% year-on-year preliminary figure. But despite the fact inflation remains in negative territory, the CPI rose 0.6% month-on-month.
UBS | We believe the new proposed IPO process could improve liquidity and investor protection and is therefore a structural positive. IPO resumption would also mean some of the corporate would consider raising equity instead of bond and help channel some of the liquidity away from the bond market.
BARCLAYS | The minority conservative government led by Prime Minister Pedro Passos Coelho was ousted present week after the parliament rejected his government’s programme by a vote of 123 to 107. Political uncertainty is likely to continue to weigh on Portugal’s funding costs, despite the very accommodative monetary policy of the ECB.