The Corner | June 8, 2015 | After all, equities are supported by the cycle and the upturn in business results. On the other hand, bond markets are negatively affected by the improvement of the economic outlook and a scenario where deflation is not considered anymore.
UBS | June 5, 2015 | While core yields in the euro area are still low in absolute terms, the relative attractiveness of these markets when currency-hedged has improved.
The Corner | June 5, 2015 | Reactions to yesterday’s meeting between Tsipras and Juncker will focus the attention of European equity markets today. The Eurostoxx 600 Index dropped 0.8% to 389.64 at 8:09 a.m. in London, down 5.8% since a record in April.
MADRID | June 3, 2015 | So far, monetary policy stimulus is working as planned, ECB’s president Mario Draghi insisted on Wednesday, and the bond buying program needs to reach full implementation until September 2016. The central lender rules out any earlier taper and will keep rates on hold.
LONDON | June 3, 2015 | UBS | The fact that the Eurozone’s headline inflation pick-up was related not just to headline HICP but also to core inflation will be acknowledged positively by President Draghi in today’s press conference. Yet, the ECB will be careful not to deviate from the message it has given in recent months.
MADRID | June 3, 2015 | By Francisco López | Markets are still awaiting a possible agreement between Greece and its creditors. Stock markets are shivering one day, then the next one it’s the bonds’ turn to suffer, depending on the rumour of the day.
BNP Paribas | June 4, 2015 | In many respects the Japanese QE experience since 2013 is a pretty good playbook for European equities.
The Corner | June 1, 2015 | Italian risk premium (136.5 bp) should probably come down and be lower than the Spanish one (135 bp) this week despite PM Matteo Renzi’s set back in the country’s regional elections on Sunday, experts at Bankinter commented. (Chart above: Italy Generic Govt 10Y Yield by Bloomberg.)
LONDON | June 1, 2015 | By Sigrún Davídsdóttir | Austria was one of the eleven founding members of the Eurozone in January 1999, but the Austrians never quite put their money where their mouth was: Austria is the only euro country where households flocked to take out foreign currency loans. About three quarters of these loans are coupled with repayment vehicles.
LONDON | May 30, 2015 | Cristina Marzea (CFA) | All the buzz these days is about digital banking: will banks lose business to disruptive entrants, or will they fight back and embark on a massive digital revolution which will see the branch concept become obsolete. Not all EMs are the same – this refers to levels of bancarisation, credit penetration, technology and mobile adoption, as well as the competitive banking landscape that shapes where each banking market is in the technology cycle.