Total value of Chinese bank brands surpasses that of US, brand study reveals For the very first time, the combined brand value of China’s lenders has surpassed that of the United States. China’s bank brands account for 24% (US$258 billion) of the total brand value of the Brand Finance Banking… Read More »
State Street Global Exchange released the results of the State Street Investor Confidence Index® (ICI) for January 2017. The Global ICI decreased to 93.8, down 0.3 points from December’s revised reading of 94.1. The decline in sentiment was driven by the 7.0 point decrease in the European ICI to 92.9… Read More »
… “I warned about the dangers of inequality in 2013 and nobody listened” If there’s one theme that has dominated discussions in Davos so far, it’s inequality.At the start of the week, Oxfam released its annual report about the growing divide: this year, just eight men own the same wealth… Read More »
Today, the September US CPI Urban Consumers is expected to print higher at 0.3% m/m versus 0.2% m/m a month previous The annualised data is expected to surge to 1.5% y/y. It has been a year since the core inflation has reached the Fed’s target of 2% and we now… Read More »
The Bank of Japan (BoJ) did not cut rates but did introduce two new policy measures at today’s meeting. The first is “QQE (quantitative and qualitative easing) with yield curve control” which essentially means directing asset purchases so as to keep 10-year government bond yields close to zero. When combined… Read More »
State Street Global Exchange released the results of the State Street Investor Confidence Index® (ICI) for August 2016. The Global ICI decreased to 89.7, down 8.3 points from July’s revised reading of 98.0. The decline in sentiment was driven by a decrease in the North American ICI from 99.8 to… Read More »
Tomorrow, the Markit UK PMI for August will be released and data is expected to come in higher than the July release. Yet the indicator should again remain below 50 for the second consecutive month. Although having been on tenterhooks since the Brexit vote, UK data has surprised in recent… Read More »
The European Banking Authority’s (EBA) results of its EU-wide stress test on 51 banks indicate that most of them have sufficient capital to withstand an adverse stress. While there was no formal pass or fail threshold for the test, the results reflect the progress that many European banks have made… Read More »
We are in a summer lull and the Draghi fireworks will have to wait until autumn. By signalling their intention for rates to remain lower for longer as well as willingness to act when necessary, the ECB has bought some time to observe more data points and changes in economic… Read More »
In light of today’s interest rate decision from the European Central Bank (ECB) Tim Graf, head of macro strategy – Europe at State Street Global Markets, and David Furey, Portfolio Strategist, Fixed Income, Cash & Currency at State Street Global Advisors, offers their views. Tim Graf: “As we expected, the… Read More »
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