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Spanish economy 8th June 2022

With The Spanish 10-Year Bond At 2.43% Stock Markets Are Holding Up Quite Well And The Question Is Why?

J.C. Ureta (Renta 4) | A first argument would be that there has also been some good news. China has relaxed its anti-virus restrictions and seems determined to abandon the “zero Covid” policy. In addition, China’s forward PMIs, although still below 50, have improved markedly and could be back above 50 in June. It seems the Chinese government is once again concerned about growth and has understood the zero tolerance…

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World economy 24th October 2021

Stock Market: Many Companies Are Choosing Not To Be Listed

Karl Schmedders & Patrick Reinmoeller via The Conversation| Stock markets reached all-time highs in 2021, bringing huge value to the companies riding the wave, even when you allow for the dip in recent weeks. We are also in the midst of a boom year for flotations, with many boards taking advantage of investor enthusiasm for shares. Yet companies have been delisting from the stock market in even larger numbers, and,…

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Relevant News Item 30th June 2021

Spacs: Why Investors Fell In Love With These Stock Market Vehicles – And How The Bubble Burst

Daniele D’Alvia via The Conversation | Spacs have been around since the 1990s, but they exploded in popularity in 2020 and early 2021. This is partly because there has been more and more capital looking to make money, since bonds have been paying unattractively low interest rates, and far fewer companies are listing than in previous decades. Regulations have made traditional flotations slower and more expensive. Flotations are also traditionally underpriced on the day of listing to drum up investor interest. But a crucial advantage of Spac deals is that they are privately negotiated and avoid the risk of money being “left on the table”.

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World economy 16th May 2021

Global Earnings – Open For Business

Aneeka Gupta (WisdomTree) | The current earnings season sheds plenty of light on the outlook for global equity markets. This time last year, the world was thrown into disarray owing to the COVID-19 pandemic. Since then, we have seen lockdowns lifted as vaccination rollouts gather pace. In addition, the gradual resumption of economic activity, stimulative global fiscal plans, and the release of pent-up consumer demand are being reflected in first-quarter earnings results. As a result, the breadth of earnings revisions has been strongest in the US, followed by Japan, Europe while Emerging Markets and China are turning more neutral.

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Markets 10th February 2020

Stock Markets Remain Vulnerable To Short-Term Correction

The People’s Bank of China pumps 1.2tn yuan into the financial system to protect the economy from the coronavirus Global stocks extended their rally last week despite concerns that the coronavirus will slow global growth. Experts at Julius Baer continue to argue that stocks are susceptible to a short-term correction and consider any weakness as an entry opportunity for long-term investors.

Stock markets skids, the subsequent panic and the downwards spiral,ready for sentence?

World economy 3rd January 2019

Stock Markets Skids, The Subsequent Panic And The Downwards Spiral, Ready For Sentence?

Miguel Navascués | Perhaps it will not be so serious, but stock markets are falling and trembling. What has happened? Is it the Armageddon expected for over a year? The Federal Reserve is withdrawing liquidity to quickly from the global system, as can be seen in the graph: 50 billion dollars a month in a heavily leveraged global system, too much, with excessive confidence in expectations that “this time it will be different”.

 

 

US corporate debt could be underestimated

Markets 25th January 2018

Stock Markets Are Not The Same As They Were A Century Ago

Comparing the average PER of a current stock market index with what it was historically is a simplistic approximation and can lead to wrong conclusions. In fact, we should take into account the differences in ROE. In the big stock market indices (S&P 500 in the US, Euro Stoxx 50 in the Eurozone) companies with a greater ROE have been gaining more weight.

No Picture

In Europe 15th August 2014

Putin’s ‘moderate’ speech calm the investors

MADRID | By J. J. Fdez-Figares (LINK) | The main European and American stock markets closed yesterday up in a new session with low activity and reduced volatility, where the investors interpreted the words of the Russian President Putin, in his speech in Crimea, as an attempt to avoid the international isolation of his country as a result of their involvement in Ukraine. Yesterday again the macroeconomic figures published in the Eurozone surprised negatively because to the shrinking economic growth in Germany in the 2Q 2014, the first produced since 1Q 2012 during the euro crisis, the stagnation of the French economy and in the whole of the eurozone during the same period – the German and French economies account for about 50% of the Eurozone.

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Markets 27th July 2014

70% of Stoxx600 firms see profit hikes

MADRID | The Corner | Reporting season in Europe is beginning. Over half the Stoxx600 companies that already showed results surpassed expectations. Profits grew for 70% of this businesses and the average rise was of 9%.  European markets’ upward trend being less mature than American’s may point at a EuroStoxx higher appreciation potential. It gains importance as performance results keep looking up and prices context allows EZ companies to rise EBITDA margin from current 15.2% to prior years levels (above 16%).