London’s dominance as European financial center threatened by post-Brexit politics and political wrangling. Source: Bloomberg via GARP (Bloomberg) — Talks on the post-Brexit future of European capital markets have largely avoided the toxic haggling of the broader negotiations — until now. U.K. Chancellor of the Exchequer Sajid Javid and chief European Union negotiator Michel Barnier…
Different Scenarios that Credit Traders are Considering as Brexit Uncertainty Lingers On Source: Bloomberg Gilts losing their protective buffer, the hard Brexit menace and even socialism with echoes of the 1970s. Debt investors are bracing for all of these scenarios — and more — as the U.K.’s second election in less than three years draws…
Slowing economic data may force central banks to rethink policy tightening in 2019. Source: Bloomberg Manufacturing gauges across the world’s largest economies stumbled at the end of last year, starting 2019 with fresh challenges for global growth and central banks. The global manufacturing index from JPMorgan Chase & Co. and IHS Markit fell in December…
The big surprises of 2016 – Brexit, the impeachment of President Dilma Roussef in Brazil, and the election of Donald Trump as President – will have significant economic impacts in 2017 and beyond. Source: Ted Carmichael Global Macro It’s time to look ahead to global macro prospects for 2017. I have posted similar outlooks for the…
As foreign investors seek opportunities in fixed income, Canada is an attractive prospect. Source: Wealth Professional One man’s loss is another’s gain, as they say. And as the current situation in the bond market shows, the maxim applies equally to entire countries and markets. According to an economic analysis by Warren Lovely, managing director and head of…
Silver lining in flat interest rate environment. Canada is part of an exclusive, shrinking club of top tier sovereigns. Source: Financial Post The number of countries with a pristine AAA credit rating is shrinking and fund managers say Canada stands to benefit from being in the ever-more exclusive club. Both Fitch and Standard & Poor’s downgraded…
The outcome of last month’s EU referendum in the United Kingdom is, by now, well-known: in a 52-48 vote, the Brexit vote passed, prompting PM David Cameron to resign and raising serious questions about the economic future of the United Kingdom. The global financial market responded, predictably, with immediate volatility: the following day, the pound…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
