GERMAN SOFTWARE MAKER SAP PLUMMETED MORE THAN 6% after reporting a
21% decline
in second-quarter
operating profit. The European
tech sector was down 2%
and can be attributed to the
residual trade tensions
between the US and China and
disappointing
earnings from
Netflix
on Wednesday.
FTSE
100 -0.44%,
German DAX -0.75%,
CAC 40
-0.24%,
STOXX Europe
600 -0.14%.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
IRELAND IS UNER PRESSURE FROM EU MEMBER STATES
to detail how it plans to keep its
border with Northern Ireland open
and remain a fully
compliant member of the EU's single market
as no-deal Brexit is on the horizon;
Prime Minister Leo Varadkar
says it would be
difficult but possible. Philip Rycroft, who resigned as the permanent secretary of the Department for Exiting the European Union (DExEU), says
everyone should be worried about a no-deal situation
"because that is a very major change and it would be a very
abrupt change to our major trading relationship."
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
THE CONTINUED BREXIT CRISIS CAUSES A UK ECONOMY SLOWDOWN as British employers and shoppers are
growing increasingly cautious. Although the
unemployment rate fell
to its lowest rate since 1975 at 3.8% in the first quarter of 2019, The Bank of England said Britain's economy
had nearly no growth in the April to June period. The
Bank of England Governor Mark Carney
suggests the no-deal Brexit and the rise in
protectionist trade policies pose great risk
to the British economy.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
Still 150,000 businesses do not have the proper paperwork
needed in order to continue
exporting
to the EU in the event of a
no-deal Brexit. While many have built up
contingency stocks,
these are estimated to
only last a few weeks
and so businesses will be
reliant on what the governments
are able to do to keep the
ports open. However, it was noted that the
financial system is prepared for a no-deal outcome.
FTSE 100 -0.38%,
German DAX -0.20%,
CAC 40 -0.19%,
STOXX Europe 600 -0.40%.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
AMIDST BREXIT CONCERNS, high import levels coupled with weak market demand
in Europe has lead Arcelor Mittal to
cut back it's steel making plants
in France and Germany. Additionally, in a recent study conducted by the CBI, firms in the
service sector reported weaker profits
in recent month.
Brexit
"paralysis"
is continuing to take a toll on the UK's service firms as stated by the CBI's deputy chief economist Anna Leach.
Read More
Topics:
Analytics,
bonds,
junk bonds,
bond market,
corporate bonds,
market analytics,
New Issues,
News,
research,
EU,
market update,
European
.png)
