Ricardo Garcia, Paula Patzelt -
Following the SPD’s decision to go into opposition, Angela Merkel will have to find a way to make a Jamaica coalition (CDU/CSU/FDP/Greens) work. However, Merkel will try to convince the SPD to continue with a grand coalition, so that an SPD comeback cannot be excluded. Given the complexity of a… Read More »
In reaction to the German general election results, Timothy Graf, head of macro strategy EMEA at State Street Global Markets; and Elliot Hentov, head of policy and research – official institutions EMEA at State Street Global Advisors, offer their views. Graf comments, “This election was always going to be most… Read More »
The Eurozone is returning to health. In an era when unlikely political events have often upset the status quo, some viewed Europe’s equity markets as a risky place to invest. Yet today the clouds are lifting. If Angela Merkel wins the German election, there are five reasons why Europe’s recovery… Read More »
The election of Emmanuel Macron as French president has diminished political risks in Europe, and the likely reelection of Angela Merkel in Germany should provide a basis for the implementation of deeper reforms, especially in the Eurozone. As the Brexit shock dissipates, some steps toward greater integration and cooperation in… Read More »
Much attention has been brought to the low levels of volatility, either realised or implied, within financial markets currently. Within this report, we address whether this stability is likely to persist and assess the impact that central bank balance sheet reduction may have on markets. Volatility remains abnormally low. Is… Read More »
Generali Investments, the main asset manager of the Generali Group, announces the appointment of Francesco Martorana as its new Head of Investments, effective October 2. Martorana has been in the Generali Group since November 2013, where he held the position of Head of Group Asset Liability Management & Strategic Asset… Read More »
In reaction to the UK Prime Minister, Theresa May’s speech in Florence today, Tim Graf, EMEA head of macro strategy at State Street Global Markets, offers his views. Graf comments, “After great anticipation, Prime Minister Theresa May’s Florence speech offered few specifics and even fewer surprises. The main takeaway for… Read More »
Eni’s Board of Directors today resolved to distribute to Shareholders an interim dividend for the fiscal year 2017 of €0.40 per share outstanding at the ex-dividend date as of 18 September 2017, payable on 20 September 2017. The proposal to distribute an interim dividend of €0.40 was announced to the… Read More »
Despite a very strong Q2 earnings season, equity markets halted their march higher in August, amid renewed geopolitical tensions. Meanwhile, the economic cycle is sound and synchronized at a global level. In the US, there are no signs of imminent recession, even though we are probably reaching the late stage… Read More »
Goldman Sachs Equity Research -
Downgrade Infineon, Indra and Worldline post outperformanceFollowing share price outperformance we downgrade Infineon, Indra and Worldline to Neutral from Buy. Our fundamental views are unchanged. We retain our structural positive view on Infineon given its exposure to dynamic growth areas such as Electric Vehicles and Autonomous Driving, but move to… Read More »
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