Current low term premium for US Treasury bonds suggests US economic growth is near peak The yield curve and term premium estimates are useful for the forecasting of future returns from bonds. In addition, identifying the macro drivers of bond returns helps to detect trend reversals in the economic cycle… Read More »
After a strong start to the year, global equity and bond markets are trading near their highs. Bond markets have rallied on lower than expected inflation, while equity markets remain underpinned by moderate growth and strong corporate earnings. Investors may have reservations about valuations but, in truth, they have few… Read More »
Syngenta Looks to the Future Syngenta today announced its new ambition and priorities following the completion of the transaction with ChemChina. The company aims to profitably grow market share through organic growth and collaborations, and is considering targeted acquisitions with a focus on seeds. The goal is to strengthen Syngenta’s… Read More »
Kontron Expands its Product and Services Portfolio in Association with S&T Group Kontron, a leading global provider of Embedded Computing Technology (ECT), announces that it will merge with S&T Deutschland Holding AG. The merger had been resolved at both the Kontron Annual General Shareholder Meeting (AGM) as well as the… Read More »
The European Commission (EC) approves Almirall’s Skilarence® for moderate-to-severe chronic plaque Psoriasis Skilarence® is a new oral formulation of dimethyl fumarate (DMF) indicated as a first-line oral treatment for adults with moderate-to-severe chronic plaque Psoriasis Dimethyl fumarate is a fumaric acid ester that has been shown to possess a balance… Read More »
Reasons to buy European banks stocks continue to mount. We are seeing heavy demand for single names as news that a deal has been negotiated to wind up two failed Italian lenders. Under the agreement, Italy’s largest retail bank Intesa Sanpaolo will acquire the remaining performing assets of collapsed Popolare… Read More »
Yesterday, the Italian government approved the emergency rules for BPVicenza (BPVI) and Veneto Banca (VB). The Decree provides for total €17bn amount of resources potentially mobilized to liquidate the lenders. Burden sharing and state aid The government tried for months to rescue the two banks, but the effort ended on… Read More »
Laurence Taylor -
Despite great expectations of economic recovery over the past few years, corporate earnings growth has been in relatively short supply. Having rebounded strongly after the financial crisis, global earnings per share (EPS) improvement trends have been muted or poor since 2011. As equity markets and equity valuations have been spurred… Read More »
One year on from the Brexit vote and a number of its knock-on effects for the UK economy are still very much in focus. Sterling’s steep decline, for example, was among the immediate headlines after the referendum and the currency’s lower value has persisted to become the main driver of… Read More »
Latest economic data confirm that Eurozone activity continues along a solid rhythm, with a good start into the second quarter, while inflation remains weak. Looking at economic data, industrial production rose comfortably in April, leaving the overall level 2.3% above first quarter growth, continuing along an upward trend. Looking at… Read More »
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