Content (549)

  • China in the spotlight - what markets should look at

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    China in the spotlight: what markets should look at

    2021-09-24T12:56:00Z

    Over the past weeks, financial markets have been shaken by the Evergrande saga – China’s second-largest property developer – which is facing difficulties in servicing its huge debt pile (it needs to repay some $7.4bn of bonds maturing in 2022). 

  • German election remains open, with an eye on the green transition

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    German election remains open, with an eye on the green transition

    2021-09-23T08:08:00Z

    Almost certainly, either the SPD – if its recent surge in the polls is to be trusted – or the conservative CDU/CSU will come first in terms of votes and seats, unless the Greens manage an unexpected comeback. However, as has happened in previous elections, no party will secure a majority in the Bundestag by itself. Polls indicate that for the first time a three-party coalition will be required to form a majority government.

  • How can investors contribute to Net Zero efforts?

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    ESG Thema #3 - How can investors contribute to Net Zero efforts?

    2021-09-23T08:04:00Z

    While carbon emissions have been increasing slowly despite efforts to bring them down, “net zero” commitments, however, have skyrocketed. Setting climate objectives used to be the appanage of public actors, but no longer. Investors are increasingly on board and net zero alliances exist for all kinds of financial institutions: asset owners, banks, asset managers. On top of that, at the COP26 in Glasgow, a net zero alliance of alliances will be launched “the Glasgow Financial Alliance for Net Zero”.

  • Shifts & Narratives #8 - Post-summer check-up on the regime shift

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    Shifts & Narratives #8 - Post-summer check-up on the regime shift

    2021-09-17T08:35:00Z

    Investors have enjoyed stellar performances over the last twelve months. A 60/40 traditional global equity/bond portfolio1 returned around 19% on a one-year horizon, well above even the rosiest expectations of the recovery from the Covid-19-induced slump. The S&P 500 is up +100% from last year’s bottom – an iconic figure that says a lot about the buoyant market sentiment.

  • Stakeholders in the Just Transition - N°3 Territories and local communities

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    Stakeholders in the Just Transition - N°3 Territories and local communities

    2021-09-10T14:51:00Z

    This third article in our series entitled «Stakeholders in the just transition» highlights the need for financial institutions to integrate the concerns of territories and local communities into their Just Transition strategies.

  • Job market integration within the Eurozone from 2008 to 2020 - a challenge for the ECB?

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    Job market integration within the Eurozone from 2008 to 2020: a challenge for the ECB?

    2021-09-09T08:35:00Z

    The shock to the Eurozone job market in 2020 was considerable. Hardest hit were southern countries, young people and women. We discuss below these various factors of market fragmentation in the largest Eurozone countries.

  • Special Europe - Investing in the recovery

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    Special Europe Q&A: You asked, we answered

    2021-09-09T08:25:00Z

    As a complement to the Special Europe report, we try to answer some of the key questions often asked.

  • HY default rates - recent and expected trends

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    HY default rates: recent and expected trends

    2021-09-08T08:29:00Z

    Persistent supportive funding conditions and the improved macro picture are consistent with a current and expected benign picture for US and European default cycles, which are likely to remain on a downward trend in the coming months. 

  • Special Europe - Investing in the recovery

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    Special Europe: Investing in the recovery

    2021-09-08T08:21:00Z

    As the European economy is recovering from the largest economic shock of modern history, we are revising our growth and inflation assumptions to the upside. Although the path to recovery is uneven among member states, we believe the EU will see two years of strong growth while inflation should revert below 2%. 

  • Global Investment Views - September 2021

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    Global Investment Views - September 2021

    2021-09-01T21:42:00Z

    Equities have remained buoyant over the past weeks despite some challenges (China regulation, Afghanistan crisis), primarily due to the exceptional earnings seasons in the US and Europe. Looking ahead, we identify three main themes: the spread of the Delta Covid variant, the deceleration of economic growth from its peak, and divergences in policies. 

  • Main themes for investing in Chinese equity over the summer and beyond

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    Main themes for investing in Chinese equity over the summer and beyond

    2021-08-10T14:07:00Z

    All eyes are on the recent tightening of regulations for tech and education companies by Beijing and on possible new measures that could affect other sectors. Under this regulatory pressure, the Chinese market has underperformed both MSCI DM and MSCI EM indices following a strong performance in 2020. 

  • ESG Thema #2 - EU Fit for 55 package

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    ESG Thema #2 - EU Fit for 55 package

    2021-08-09T11:00:00Z

    The EU formally adopted in June its new objective of cutting the bloc’s greenhouse gas emissions by 55% by 2030 versus 1990. This represents a substantial increase in the bloc’s ambition compared to the previous 40% reduction target and sets an interim target close to the range of domestic emissions reductions of 58-70% deemed consistent with the Paris Agreement by Climate Action Tracker. As such, this objective places the European Union as a leading region on climate change mitigation efforts.