Global economy remains on track in 2018-2019 Despite the relentless media hype focused on a downtrend in economic indicators, global growth remains on track for now and the IMF expects it to reach 3.9% in 2018, representing a modest annual improvement of 0.1%. The impact of US protectionist measures and… Read More »
The first salvo in the trade war was fired when the US administration decided to impose tariffs on steel and aluminium imports and on USD 34 billion of imports from China, and to restrict Chinese investments in the US. The US’s trading partners retaliated by targeting specific imports from the… Read More »
Indosuez Wealth Management, the global wealth management brand of Crédit Agricole Group, has launched Azqore, the new brand for Crédit Agricole Private Banking Services (CA-PBS). The creation of Azqore, a newly independent subsidiary of Indosuez Wealth Management, follows a comprehensive strategic review that began in 2016 with an audit and… Read More »
The economic environment is changing. The world Markit index level in the manufacturing sector is still showing growth (index at 53 above the threshold of 50) but it is trending downward since the peak of December 2017. This new pace can be seen on the graph below where the world… Read More »
Eni Norge and Point Resources to merge into independent Norwegian E&PEni and private equity investor HitecVision announced today that Eni Norge and Point Resources are merging to form Vår Energi AS (Eni 69.6%, HitecVision 30.4%). The combined company will have a portfolio of 17 producing oil and gas fields with… Read More »
Philippe Waechter -
The Mexican election result was consistent with expectations. Lopez Obrador was the favorite with a large margin and he has won with 53% at the first round. Lopez Obrador was expected to win during the last two elections but the lack of transparency in the election process prevents him to… Read More »
With migration and trade exacerbating the existential reform questions that will drive European Union (EU) members together or apart, we think this week’s summit should be measured in binary terms: does it further EU cohesion (and help to withstand future shocks) or does it advance the forces of fragmentation? In… Read More »
China eases monetary policy, and is likely to continue to do so, with the People’s Bank of China cutting its reserve requirement ratio (RRR) by 50bps this week. We see this cut as a clear signal for an easier monetary policy stance – contrary to April’s cut, which was a… Read More »
Social media site’s bounce-back from data row shows tech sector still soaring. Facebook’s share price has risen an astonishing 35% in US dollar terms since its lows during the Cambridge Analytica data scandal in March – the latest sign of a hugely resilient tech sector. From an investment perspective, this… Read More »
The current record high in the US-German bond yields spread is unlikely to narrow in the next 12 to 18 months, according to NN Investment Partners. NN IP analysis shows that the interest rate differential between US and German 10-year bonds is currently above 250 basis points, which is the… Read More »
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