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European Bond Research - August 1, 2019

Posted by Corey Mahoney on Aug 1, 2019 4:10:03 PM
EUROPEAN INVESTMENT GRADE DEBT ROSE AGAINST JUNK BONDS  in net prices linked to actual trades. The Bank of England further   slashed its growth forecasts citing  Brexit is impacting the economy more than initially anticipated.   The bank gave no indication of a rate cut  as central bank globally are cutting rates most recently the   US Federal Reserve lowered rates by 25 basis points  FTSE 100 -0.14%,  German DAX +0.38%,  CAC 40  +0.59%,  STOXX Europe 600  +0.38%.  The   10-year  Gilt lost 2.6 basis points.
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European

European Bond Research - July 31, 2019

Posted by Corey Mahoney on Aug 1, 2019 3:46:48 PM
EURO ZONE GDP GREW BY A DISMAL 0.2 PERCENT during the second quarter of 2019 down from 0.4 percent during the first three months of 2019.    Slowing GDP across the euro zone  strengthens a case for the European Central Bank to initiate additional monetary easing.   “We expect the ECB to respond to this broad-based economic weakness – which we think is likely to continue – with a round of extra policy easing, including restarting QE and cutting rates.”  FTSE 100 -0.81%,  German DAX +0.39%,  CAC 40+0.27%,  STOXX Europe 600  +0.18%.  The   10-year  Gilt lost 1.1 basis points.
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European

European Bond Research - July 30, 2019

Posted by Corey Mahoney on Aug 1, 2019 3:23:13 PM
EUROPEAN INVESTMENT GRADE BONDS ROSE against its high yield counterparts in net prices linked to actual trades. Euro zone economic   sentiment further declined  in July  indicating a   deteriorating economy supporting European Central Bank President Mario Draghi case for   monetary easing. The pound   dips to a 28-month low  meanwhile the dollar held near two-month high.   FTSE 100 -0.50%,  German DAX -2.38%,  CAC 40  -1.83%,  STOXX Europe 600  -1.60%.  The   10-year  Gilt lost 2.1 basis points.
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European

European Bond Research - July 29, 2019

Posted by Corey Mahoney on Aug 1, 2019 3:01:53 PM
FRENCH PHARMACEUTICAL GIANT SANOFI RALLIED ON MONDAY following revised full-year earnings guidance suggesting 5 percent growth, the  stock  advanced 2.31 percent .  Sanofi bonds  also traded notably higher in particular,   Sanofi (EUR) 1.25% 3/21/2034.  The growth was driven by the launch of a new brand Dupixent, in addition,   “Our increased focus in R&D delivered important results with several positive data read-outs and the achievement of regulatory milestones.”   FTSE 100 +1.87%,  German DAX +0.06%,  CAC 40  -0.06%,  STOXX Europe 600  +0.18%.  The   10-year  Gilt lost 3.6 basis points.
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European

European Bond Research - July 26, 2019

Posted by Corey Mahoney on Jul 26, 2019 12:13:28 PM
EUROPEAN JUNK BONDS SLIGHTLY edged out investment-grade debt in net prices linked to actual trades following a day after the   European Central Bank’s   decision  to hold interest rates. ECB President   Mario Draghi  said the economic outlook is   “getting worse and worse”  referring to manufacturing dragging the economy lower. FTSE 100 +0.81%,  German DAX +0.44%, CAC 40 +0.55%, STOXX Europe 600+0.31%. The   10-year  Gilt lost 1.9 basis points.
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European

European Bond Research - July 25, 2019

Posted by Corey Mahoney on Jul 25, 2019 1:47:22 PM
THE EUROPEAN CENTRAL BANK SIGNALED FOR ADDITIONAL MONETARY EASING in the months ahead resuming its   mass bond-buying program  in November.  TD Securities Analysts say, The ECB   “is clearly preparing for a package of policy easing in September.”  Negative interest rates have   rippled across Europe offering investors no incentives to purchase sovereign bonds.    FTSE 100 -0.20%,  German DAX -1.61%,  CAC 40  -0.82%,  STOXX Europe 600  -0.82%.  The   10-year  Gilt advanced 2.1 basis points.
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European

European Bond Research - July 24, 2019

Posted by Corey Mahoney on Jul 24, 2019 12:31:17 PM
EURO ZONE PMI PLUMMETED IN JULY  as   German manufacturing  hits a seven-year low suggesting   further deterioration within the European economy;   PMI across the Euro Zone fell from 52.6 to 51.4. The   German automotive industry significantly contracted, however, the labor market and household spending remains robust preventing an all-out recession. “ The health of German manufacturing went from bad to worse in July.” FTSE 100 -0.70%,  German DAX +0.39%, CAC 40 +0.18%, STOXX Europe 600  +0.50%. The 10-year  Gilt lost 1.1 basis points.
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European

European Bond Research - July 23, 2019

Posted by Corey Mahoney on Jul 23, 2019 12:41:31 PM
EUROPEAN MARKETS RALLY FOLLOWING a number of   upbeat earnings   propelling  the indices higher on Tuesday.  The DAX gained nearly 2 percent as   German luxury automotive giant Daimler spiked 4.77 percent following an announcement Chinese automotive group BAIC bought a five percent stake in Daimler.    FTSE 100 +0.8%,  German DAX +1.93%,  CAC 40  +1.26%,  STOXX Europe 600  +1.20%.  The   10-year  Gilt dipped 2.4 basis points. 
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European

European Bond Research - July 22, 2019

Posted by Corey Mahoney on Jul 22, 2019 12:02:12 PM
EUROPEAN MARKETS INITIALLY EDGED HIGHER as investors await the  critical European Central Bank policy meeting update on Thursday.  The central bank will disclose if they will cut the interest rate or wait until the next meeting in September.  Investors will focus on   Mario Draghi  and how dovish his remarks are gauging the state of the economy.   “Largely European markets are lacking direction and probably shaping up for the ECB meeting this week.”   FTSE 100 +0.04%,  German DAX +0.22%, CAC 40+0.08%,  STOXX Europe 600  +0.02%.  The   10-year  Gilt dipped 1.4 basis points.
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European

European Bond Research - July 19, 2019

Posted by Anna Pickett on Jul 19, 2019 11:53:37 AM
NO-DEAL BREXIT COULD RAISE UK BORROWING  to £60BN according to The Office for Budget Responsibility (OBR), which also assumed that a   no-deal Brexit would cause a UK recession. According to the Office for National Statistics,   public sector net borrowing  totalled £7.2BN, which is up from £3.3BN in June 2018.   FTSE  100 +0.16%,   German DAX +0.22%,   CAC 40 -0.09%, STOXX Europe 600  +0.08%.
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Topics: Analytics, bonds, junk bonds, bond market, corporate bonds, market analytics, New Issues, News, research, EU, market update, European


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