France is in the midst of a worsening industrial crisis, writes Patrick Artus, chief economist at Natixis, in his column for FTSE Global Markets. He identifies three particular causes: deteriorating supply conditions, a weakness in demand, and the impact of the eurozone crisis. Unfortunately, in his opinion, not much can be done about weak demand, and the potential remedies to the supply problem would be difficult to implement rapidly.
In an interview on Bloomberg TV with host Linzie Janis, chairman of Falcon Group, Kamel Alzarka, explains the rise of alternative financiers, and how the company has benefited from the financial crisis – providing in excess of US$7 billion to its clients over the past four years.
At the beginning of each month Tradeweb publishes a number of headline figures from its government bonds trading platform. For July, the growth in trading volumes seen in French and Belgian government bonds led to news stories in Dow Jones and the Wall Street Journal.
Leading Indian retail company Bharti Retail Limited called upon Citi’s expertise to upgrade its payments system as it continued to expand geographically on the back of Asia’s economic success. An article in Retail Asia describes how the implementation of sophisticated payments processes can aid efficiency and provide a strong foundation for future growth.
UK manufacturing has been on a steep and well reported decline for several decades. However, a recent case study by Solutions Architect Pavle Sabic found that several niche manufacturers based in Britain are in rude health and outperforming the sector-at-large in a number of asset classes.
Using S&P Capital IQ’s proprietary data, research and analytics, Pavle demonstrated how they’re outperforming in the July/August issue of Funds Europe, available online here.
Rupert Warmington of Tradeweb writes for FTSE Global Markets to explain how and why the trading of corporate credit will continue to migrate towards electronic trading platforms. New regulations for execution, reporting and clearing of swaps trades are having an impact in all fixed income markets – but more important are market participants’ requirements to seek enhanced liquidity and operational efficiency.
The latest edition of Infrastructure Finance Outlook (IFR), Standard and Poor’s Rating Services’ EMEA Infrastructure Finance newsletter, has been published. It includes all the recent news, updates, and research from S&P on Europe’s infrastructure sector. Highlight’s from this month include an articles on the credit risk implications of Ofgem’s latest RIIO proposals, and on tough times for Europe’s transport firms.
To pull through the current economic crisis, eurozone countries with chronic external deficits need to improve their foreign trade. Patrick Artus, chief economist at Natixis investment bank, has analysed the options for Greece, Portugal, Spain, Italy and France in Trade Finance magazine. He argues these countries need to focus on increasing exports by improving price-competitiveness and sophistication of products.
In his weekly column for FX-MM, Natixis strategist Nordine Naam observes and analyses the highlights in global forex trends. This week, the EUR/USD rebounded sharply due to Mario Draghi’s announcement on Thursday that the ECB will do whatever it takes to preserve the euro. Meanwhile GBP corrected downward against most G10 currencies – affected by the strong 0.7% contraction in GDP in the second quarter. The Japanese yen continued to appreciate against most currencies because of its safe haven status, and AUD and NZD remained very firm. For the exact rates and more analysis on other currencies, read the full article here.
In his column for the FTSE Global Markets blog, Patrick Artus, chief economist at Natixis, explains why the European Central Bank needs to return to a policy of purchasing sovereign bonds. He points to the deteriorating positions of Spain, Italy, France and Portugal and the continuous weakening of the economy. Given the size of these countries’ debts, the original planned solution (bond purchases by the EFSF/ESM) will not be sufficient.