Investor trepidation towards Europe in today’s markets is understandable. Regional macro data remain anemic. Europe continues to produce weak data, Euro-Area economic sentiment saw its worst losing streak in a decade and low interest rates are set to continue throughout the medium term. Meanwhile, the Fed has raised rates nine times since December 2015, taking […]
Europe
European Parliament election results: The long view (Bruegel)
“The implications are quite clear. The rise of the far right in 2019 is notable and unprecedented. So is the fall in the traditional Volkspartei combination of centre-left and centre-right, namely EPP and the Socialists & Democrats (S&D).” – by Nicolas Véron
Fate of Leveraged Loans Won’t Be Decided by ‘Cov-Lite’ Alone (Bloomberg)
“Recovery rates likely lower in Europe but widely dispersed. Focus on absence of maintenance tests is ‘simplistic’” – by Ruth McGavin
Navigating Europe in 2019
Themes and Risks Investors in Europe to Consider in 2019
We are nearly 20 years into the new millennium and it is an unrecognizable place compared to when it started. Lehman is gone, Bear Stearns – gone, Merrill Lynch – acquired, Citigroup is a fraction of its former self. Blockbuster, Toys R Us, Woolworths are all part of the history books now. Europe, where we […]
Europe Is Ground Zero for Global Credit Fears (Bloomberg)
CMC Ravenna, DIA, Douglas, Boparan: Just some of the hitherto obscure firms that have ensnared European credit investors in recent weeks.
The IMF keeps making the same mistakes in its thinking about global growth (Market Watch)
Opinion from Ashoka Mody: “The IMF [keeps] getting its forecasts wrong because it [fails] to recognize the endemic weaknesses in the world economy.”
A Warning From Europe: The Worst Is Yet to Come (The Atlantic)
Polarization. Conspiracy theories. Attacks on the free press. An obsession with loyalty. Recent events in the United States follow a pattern Europeans know all too well.