The European financial center still cherishes the hope that the debt markets will brighten up before the end of the year. It would help if the catastrophic headlines stopped.Read More
Tao Jingzhou via Caixin | The government must act to clean up a scourge that hurts the public interest yet sees few people ever punished.
Nicolas Veron | In mid-July 2014, in his maiden policy speech at the European Parliament as president-elect of the European Commission, Jean-Claude Juncker promised to create a European “Capital Markets Union.” As he explained it: “To improve the financing of our economy, we should further develop and integrate capital markets.
UBS | We remain constructive on the European real estate sector. As a bond proxy with growth , real estate benefits from current central bank stimulus, while it can also gain through rental growth in an inflationary environment, should the stimulus prove successful. For Spain, we upgrade Hispania to Buy and downgrade Merlin to Neutral.Read More
The German entity’s impairment of all goodwill and certain intangibles of 5.8 Bn € in its investment and private banking units hits corporate Germany again after scandal at Volkswagen on U.S. emissions tests.Read More