Archive

Monthly Archives: March 2019

5th March 2019

No respite in corporate primary

Risk market hold their nerve… A forced break from the recent upward momentum in the markets came courtesy of the (not unexpected) news that China officially forecast slowing growth this year. No longer ‘around 6.5%’ – as they reduced their expectation to between 6 – 6.5% – was enough to have us take a breather. […]
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4th March 2019

Nobody can stop the music

Just can’t get enough… Corporate bond markets were off to a flying start for the week with that €7bn, six-tranche deal from Medtronic leading the way, and pushing US corporate borrower activity in the euro-denominated IG non-financial market this year to a massive 40% of the total. Medtronic was in good company, as it trumped […]
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4th March 2019

European Banks: Never a Dull Moment | Bank Capital Insights

They come in threes… First, it was Danske. Then came Swedbank, followed by Nordea. Suddenly, the money laundering scandal issue is starting to look systemic in the Scandinavian banking system. All three banks are very well capitalised and hence in a good position to absorb any large settlement/remedial costs. But the impact on earnings is […]
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2nd March 2019

Goldilocks? She never left us

Needles and haystacks… The markets want to rally. The opening session of the month greeted us with equities shooting higher courtesy of weighting changes which gave Chinese stocks a greater share of the MSCI emerging market index. That gave a boost to global stocks from the start, although better-than-expected retail sales gains in Germany in […]
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