EXANE BNP Paribas | It’s been an intriguing year for M&A in the oil & gas sector. Shell’s bid for BG is the standout transaction but there have been other proposals. Woodside for Oil Search, Anadarko for Apache and Suncor for Canadian Oil Sands. To date these have just been teasers.Read More
The Eurozone economic confidence index ticked up 2 percentage points in November from October to 109, according to the European Commission. This figure beat forecasts and is the highest level for the last four years.
The main global central bankers have conveyed reassuring market-friendly messages following their last meetings. The Fed pictured a rosy outlook of home growth and employment paving the way for a moderate rate rise in December. The ECB on its side signalled its firm commitment to conduct a more flexible and accommodative policy by strengthening its QE stance. Yet good news is failing to stiffen market sentiment.
The markets are seemingly focusing on next week ECB’s meeting rather than on geopolitical events. Investors expect they will take new measures on expansionary monetary policy. Yesterday, ECB’s vice president Vitor Constancio, insisted again that the central bank will analyse those if needed to reach the inflation target of 2%.Read More
UBS | With 66% of cast votes officially counted, Mauricio Macri has defeated the officialist party’s candidate Daniel Scioli with 53.46% of votes vs 46.54% in the second round of Argentina’s presidential election. At the time of writing, Scioli had already conceded defeat.Read More