Diane Vazza, Sudeep K Kesh, Nivritti Mishra Richhariya -
The global corporate default tally reached a total of 112 issuers in 2015 with addition of one default in the last week of the year-the highest year-end total since 2009 when it reached 242 Last week’s default by a Poland-based metals, mining, and steel company raised that sector’s default tally… Read More »
Length of QE program extended and a deposit rate cut. Market reaction suggests expectations were too high At yesterday’s meeting of the European Central Bank (ECB), President Mario Draghi announced a suite of measures to further stimulate the Eurozone economy and effectively prolong the bank’s quantitative easing (QE) program. The… Read More »
The overall economic impact of the attacks on Europe should remain limited, in Credit Suisse’s view. However, short-term financial market uncertainty is likely to increase with a likely risk-off reaction in the coming days The coordinated and terrible terrorist attacks in Paris on Friday (13 November) night has led to… Read More »
State Street Global Exchange released the results of the State Street Investor Confidence Index® (ICI) for October 2015 The Global ICI decreased to 114.3, down 2.3 points from September’s revised reading of 116.6. The decline in sentiment was driven by a decrease in the North American ICI from 133.2 to… Read More »
Taking into account to the recent equity-market turmoil and the economic weakness abroad, the U.S. Federal Reserve (Fed) left the key interest rate unchanged at its September meeting No rate hike in September …The Federal Open Market Committee (FOMC) left the federal funds rate, the U.S. key interest rate, unchanged… Read More »
Standard & Poor’s default forecasts in Europe remain very low. This reflects further incremental improvement in the European economy Defaults in Europe are proving to be a rare occurrence in 2015, says Standard & Poor’s Ratings Services in a report published titled “European Corporate Defaults Are Almost As Low As They… Read More »
CPI in the UK has fallen from 0.1% in July to 0% in August, both in year-over-year terms. Continuing deflationary trends observed in transport (largely petrol) and food (supermarket price wars), which have together taken 0.7% off CPI over the last year, were dragged back up to the zero… Read More »
The ECB revised down its forecast and seems to have focused on downside risks, especially for inflation. It has changed one parameter of the QE programme, and may well implement extra policy action should financial conditions tighten and/or risks to price stability become more permanent. In a dovish press conference… Read More »
Eurostat -
The euro area (EA19) seasonally-adjusted unemployment rate was 10.9% in July 2015, down from 11.1% in June2015, and from 11.6% in July 2014. This is the lowest rate recorded in the euro area since February 2012. TheEU28 unemployment rate was 9.5% in July 2015, down from 9.6% in June 2015,… Read More »
State Street Global Exchange released the results of the State Street Investor Confidence Index® (ICI) for August 2015 The Global ICI decreased to 108.7, down 4.5 points from July’s revised reading of 113.2. Confidence among North American investors decreased with the North American ICI falling 0.8 points to 119.1, down… Read More »
Podcast