Noticias

16/01/2013 - Can Germany "grow it alone"? Investment implications (Part 3)

2013-01-16T15:06:00Z

In this article, we investigate the market implications of our positive view on the economy medium term.

09/01/2013 - 2012, the year of the "Draghi" – A post mortem

2013-01-09T15:09:00Z

We suggest looking back at our analysis of 2012 and our various recommendations

28/11/2012 - Solvency II has and will make corporate bonds more expensive

2012-11-28T15:32:00Z

Going forward, Solvency II will still be a significant driver of asset price and, combined with other factors, it is contributing to a structural tilt in the market toward debt securities.

20/12/2012 - Euro swap spreads: the fundamental view

2012-12-20T14:21:00Z

We aim to contribute to the debate and present our choice of fundamental determinants of Euro swap spreads

22/11/2012 - High yield: the party continues – at least for now!

2012-11-22T10:34:00Z

While caution is duly warranted, we believe value remains embedded within the high yield market on both sides of the Atlantic.

15/11/2012 - Mind the (financing) gap

2012-11-15T13:23:00Z

The rays of hope we were starting to see in our last Strategy publication have begun to materialise, however, concerns regarding US politics and Greek solvency prevent a more constructive stance on risk assets.

26/09/2012 - Can Germany "grow it alone"? (Part 1)

2012-09-26T09:02:00Z

Since late 2009, the euro area has found itself in the midst of its most acute crisis since the start of the European integration process in the early 1950's.

13/12/2012 - Special 2013 Outlook

2012-12-13T09:17:00Z

The global economy is set for healing mode in 2013.

17/12/2012 - The Global economy outlook

2012-12-17T08:44:00Z

The Global economy: Ending 2012 on a positive note

2013: Year of global healing?

05/12/2012 - (Dis)United Kingdom: implications of Scottish independence

2012-12-05T13:28:00Z

One of the most important issues that would have to be tackled were Scotland to separate from the UK would be the economic settlemen

04/10/2012 - Corporate bonds still offer best risk/reward

2012-10-04T12:54:00Z

Monetary policy makers continue to pour money into the ailing economy, which offers support to risky assets. We thus confirm our overweight in Credit, to the detriment of Cash.

15/11/2012 - Global Economy : weak, not falling

2012-11-15T09:28:00Z

Risks: Recession in Europe and US fiscal cliff

07/11/2012 - US elections: time to tackle the fiscal cliff

2012-11-07T15:30:00Z

With just one state (Florida) left to be called Obama has an unassailable lead in the contest to be President.

07/11/2012 - Can Germany "grow it alone"? (Part 2)

2012-11-07T10:17:00Z

In this second part of the analysis, we are focussing on domestic drivers of growth, mainly the household sector (private consumption) and construction.

30/10/2012 - Food prices and monetary policy in emerging markets

2012-10-30T15:13:00Z

The purpose of this study is to highlight the sensitivity of domestic headline inflation and the short-term interest rate in Emerging Markets (EMs) to a spike in international food and energy prices.

24/10/2012 - Reverse engineering China's monetary policy

2012-10-24T13:58:00Z

The Chinese central bank has taken a pro-growth stance by maintaining economy wide financing and keeping the liquidity accessible.

16/10/2012 - France: the fiscal hammer

2012-10-16T15:19:00Z

According to our economic scenario, the target deficit to GDP ratio of 3% will be difficult to achieve, especially since it is not clear that spending discipline will improve.

10/10/2012 - QE3: targeting the labour market

2012-10-10T15:12:00Z

This spotlight examines the situation in the US labour market and discusses how additional stimulus by the Fed might help the recovery.

05/10/2012 - Global Economy : cooling, not falling

2012-10-05T13:42:00Z

ECB President pledge to ‘do whatever it takes' to preserve the euro was a game changer. The new tool crafted by the ECB (OMTs) has already curtailed short term risk premia generated by expectations of a €-break-up.

19/09/2012 - Systemic risks fall – macroeconomic risks remain

2012-09-19T14:15:00Z

After the summer break, people in Europe – in particular parents – are getting ready for what is known as "la rentrée" here in France