06 November 2019 Sam Pierson
Global markets see $2.6bn in securities lending revenue
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06 November 2019 Sam Pierson
Global markets see $2.6bn in securities lending revenue
29 April 2015
"Borrowing US equities using non-cash collateral has surged in popularity in the last few years, a trend that non US beneficial owners have been...
23 April 2015
"Retail sales fell in March, but it would be wrong to get too worried about one month's fall. The underlying trend in fact looks to have remained...
23 April 2015
"The German private sector economy expanded further at the start of the second quarter, but the pace of economic growth slowed slightly, according...
23 April 2015
"Although investors have been increasingly piling into short term debt, appetite for Floating Rate Notes has shrunk since the beginning of the...
22 April 2015
"Despite losing out to growth over the last five quarters, value investments still command the respect of the market. Growth focused ETFs outperformed...
22 April 2015
"Survey data collected from just under 2,000 employees in March and April point to disappointingly weak UK pay growth in 2015. The representative...
14 April 2015
A rebound in retail sales in March provides evidence that the US economy is pulling out of a soft patch seen at the start of the year. The upturn...
14 April 2015
Short sellers have been holding their breath in recent weeks as the average short interest across global oil and gas stocks plateaued, with momentum......
13 April 2015
Analysts have forecast further weakness in commodities exposed stocks in the lead up to the first quarter earnings season: a trend that is starting...
13 April 2015
"The year to date has seen major shifts in investor sentiment as outlooks diverge among the world's main economies. Investors have piled into...
26 March 2015
"As tensions mount between Athens and Brussels, the Greek debt crisis will play a major role in determining market trends next week. However...
26 March 2015
"The UK's economic upturn continued to show strong momentum in February, with retail sales growth rebounding strongly, according to the Office...
26 March 2015
A rising rubble together with a lull in the Ukraine conflict has resulted in a strong recovery in Russian credit. Russia's CDS spread has recovered...
25 March 2015
"Short sellers have increased positions in the road and rail sector, despite the sector having outperformed the overall market in recent months....
16 March 2015
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
12 March 2015
"Despite a setback in January, the trend in euro area industrial production is picking up. This upturn adds to the growing stream of better economic...
04 March 2015
"Russia's economic downturn deepened in February, with business surveys signalling the steepest decline in output since the height of the global...
03 March 2015
The Markit Agency RMBS Specified Pool Summary gives a monthly performance snap shot of the Fannie Mae and Freddie Mac MBS specified pool markets.Download......
03 March 2015
February saw shares which offer an attractive dividend yield compared to long term average perform well. But investors need to be wary of falling...
20 February 2015
"At last, the French economy appears to be reviving, enjoying its best growth spell for three-and-a-half years, buoyed by lower prices and increased..."...
18 February 2015
"Mario Draghi's aim of kick starting inflation across the eurozone seems to be paying off, according to recent activity in the bond markets....
17 February 2015
Investors have shown little appetite to stand in the way of the recent strong run in European equities. European ETFs on track for largest ever...
13 February 2015
"There were tentative signs of contagion in the eurozone, but the week is ending on an optimistic note Spain and Italy widened significantly...
12 February 2015
"Investors have been able to find value in the twilight zone of investment grade bonds, which have subsequently been downgraded. "Fallen angel"...
11 February 2015
High yield bonds have experienced strong investor demand since the start of the year as yield seeking investors return to the asset class. High...
03 February 2015
"The world's factories reported a slight upturn in growth of business activity in January, but the pace of expansion remained one of the weakest...
02 February 2015
"UK manufacturing PMI data for January had something for everyone, whether your cup is half full or half empty. Investors are certainly taking...
29 January 2015
Worldwide manufacturing and services PMI releases plus a US labour market update are highlights of the week alongside the Bank of England's policy...
26 January 2015
"Markit's flash manufacturing PMI data for January revealed the first insight into global economic trends at the start of the year, and provided...
23 January 2015
"China's factories started 2015 on a flat note. At 49.8, the HSBC Manufacturing PMI mustered only a marginal rise from December's seven-month...
23 January 2015
"The European central bank finally came out with its widely anticipated quantitative easing program, which was received well by the market. The...
22 January 2015
"In a week that sees first estimates of fourth quarter GDP numbers for Spain, the UK and the US, the Federal Reserve's Federal Open Market Committee...
21 January 2015
"Unemployment has sunk below 6.0% for the first time in just over six years, wage growth is rising in real terms at the fastest rate since 2008...
20 January 2015
"Lacklustre US bank earnings, combined with the prospects of a US rate rise and geopolitical risks, have seen credits deteriorate. All five major...
14 January 2015
"Retail sales fell sharply in December, catching analysts by surprise but adding to survey evidence which points to a potentially marked slowdown...
14 January 2015
"Industrial production in the euro area grew more than expected in November, but the official data confirm the business survey evidence of only...
09 January 2015
A review of how short sellers are positioning themselves in companies due to announce results in the upcoming week. Uncertainty for heavily shorted...
09 January 2015
The following is an extract from Markit's monthly economic overview. For the full report please click the link at the bottom of the article....
06 January 2015
"The global economy lost further momentum as 2014 came to a close, according to Markit's worldwide PMI surveys. The JPMorgan-sponsored Global...
06 January 2015
"The pace of economic growth picked up in Japan at the end of 2014, providing the government with much-needed welcome news that the country is...
19 December 2014
The recent volatility has triggered some unusual market dislocations Considerable volatility this week in main credit indices The index skew...
12 December 2014
"The construction sector has grown faster than previously thought so far this year, and especially in the third quarter, adding further to signs...
12 December 2014
"Volatility has declined since the spike in October, but developments in Greece and oil price effects have disturbed the calm conditions. The...
11 December 2014
Images of the Greek default in 2010 and 2011 are back and investors have been quick to move funds out of the country as scenarios of political...
05 December 2014
"The European Central Bank made no changes to interest rates or other non-conventional policy tools at its December meeting, dashing any hopes...
04 December 2014
"The Bank of England's Monetary Policy Committee left interest rates on hold at their final meeting of the year, but it's likely that the nine...
01 December 2014
"Italian manufacturing output continued to contract in November, adding to the likelihood of the sector acting as a drag on the wider economy...
12 November 2014
"After a downgrading of the country's debt by Moody's last week, we look to investment and capital allocation trends in ETFs in South Africa...
11 November 2014
Three years of downbeat commodity prices have seen investors become increasingly disillusioned with agricultural resources - a trend that has...
10 November 2014
"23 actively managed ETFs launched in October, exceeding any month this year This report aggregates newly launched funds in October and highlights...
07 November 2014
PMI™ data from Markit signalled that commercial & professional services topped the growth rankings in October, while food remained the best-performing......
03 November 2014
"October data highlighted a slowdown in the ongoing U.S. manufacturing sector recovery, with output and new business growth both moderating during...
23 October 2014
A drop in UK retail sales in September probably tells us more about the weather than the economy. Retail sales fell 0.3% in September compared...
21 October 2014
Economic growth has slowed in China to its weakest since the height of the financial crisis. Gross domestic product rose at an annual rate of...
15 October 2014
"Households reported some encouraging news in relation to incomes and pay at the start of the fourth quarter, according to survey data providing...
14 October 2014
The recent bout of market volatility has seen the riskiest shares in the market underperform their low risk peers by a significant margin. We...
14 October 2014
"Eurozone industrial production fell more than expected in August, adding to fears that the region is facing a slide back into recession. Official...
09 October 2014
"German exports plunged 5.8% in August, adding to fears that the eurozone's largest member state is sliding back into recession. The news follows...
06 October 2014
Recent ETP launches highlight appetite for safe exposure to international markets This report aggregatesnewlylaunched ETPs in September and highlights...
03 October 2014
"The ongoing malaise in the eurozone economy continued at the end of the third quarter, with the latest PMI data showing a further waning of...
02 October 2014
Policy decisions at the Bank of England and the Bank of Japan plus industrial production numbers for a number of European countries are the highlights...
02 October 2014
"After the manufacturing PMI signalled a disappointing slowing of factory growth in September, a near-record increase in activity registered...
25 September 2014
Worldwide manufacturing and service PMI releases plus updates on the US labour market and factory orders are highlights of the week. Other standouts...
24 September 2014
"Japan's economy looks set to rebound from the contraction seen in the second quarter, but the recovery looks far from convincing, which will...
17 September 2014
"UK unemployment continued to fall in July, but wage growth remained stuck at an all-time low. There was little therefore in the latest official...
17 September 2014
"Inflation rates cooled around the globe in August, suggesting the global economic upturn remains too weak to generate price pressures to an...
16 September 2014
"UK inflation eased to the joint-lowest seen over the past five years in August, dropping further below the Bank of England's 2% target. The...
11 September 2014
"A vast amount of economic data are released during the week, including updates on inflation and the labour market in the UK and minutes from...
09 September 2014
"UK factory output rose for a second successive month in July, but the rate underlying rate of growth appears to have eased from the strong pace...
28 August 2014
Policy decisions at the Bank of England and the European Central Bank plus worldwide manufacturing and service sector PMI releases are the highlights...
08 August 2014
Markit iBoxx fixed income monthly market monitor EUR fixed income market extends the positive performance of the year Spreads on high yield bonds...
07 August 2014
"There was no change in interest rates at the Bank of England at its August meeting, but we expect the minutes to show that opinion is moving...
05 August 2014
The growth surge in the UK economy shows no signs of abating. The three Markit/CIPS PMI" surveys showed business activity expanding in July at...
24 July 2014
"At 56.3 in July, down from 57.3 in June, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers' Index" (PMI") signalled...
23 July 2014
"After several months of downbeat economic news, the latest HSBC China Manufacturing PMI results signalled a lift in output, reflected in an...
18 July 2014
We review how short sellers are reacting to the companies due to announce earnings in the week to come. Subprime lender Wold Acceptance is the...
15 July 2014
UK inflation moved sharply higher in June alongside another surge in house prices. The news will further fuel expectations that the Bank of England...
08 July 2014
"Britain's factories saw a surprise drop in output in May, which will add to arguments that the recovery remains too fragile for policymakers...
04 July 2014
We review how short sellers are reacting to the companies due to announce earnings in the week to come. Second quarter earnings season starts...
04 July 2014
"The Bank of England's monetary policy decision, FOMC meeting minutes and a host of industrial production data across Europe are highlights of...
27 June 2014
"The World Cup group stages have been finalised yesterday with many surprise exits, and it appears South American nations will be dominating...
19 June 2014
"As volatility falls to its lowest level in over five years, we see no end to the amount of investors are prepared bet on a reversal. Volatility...
13 June 2014
"A booming construction industry, faster-than-previously-thought economic growth at the start of the year and hawkish remarks from the Bank of...
05 June 2014
"Next week sees a busy economic calendar. In the UK labour markets data are the highlight, providing important clues into the timing of the first...
02 June 2014
"The recovery in the eurozone manufacturing sector registered a modest slowdown in May. At 52.2, down from 53.4 in April, the final seasonally...
29 May 2014
"The US recovery took a backward step in the first quarter, most likely the result of many parts of the country having been battered by extreme...
15 May 2014
"The Eurozone economy expanded 0.2% in the first three months of the year, below expectations of a 0.4% increase. Growth of GDP in the first...
12 May 2014
"A survey of almost 1,000 households reveals a desire to work more hours. Nearly one-in-six employees would prefer to do more paid hours than...
12 May 2014
April global sector PMI data from Markit showed a sharp and accelerated increase in healthcare services business activity. Growth was the strongest...
09 May 2014
We review how short sellers are reacting to companies due to announce earnings in the week to come: Nii Holdings is the most shorted company...
09 May 2014
"The UK manufacturing sector enjoyed its second-best calendar quarter of growth for fifteen years at the start of the year, with production up...
07 May 2014 Sam Pierson
"M&A is back with a vengeance in 2014. The flurry of activity has seen a resurgence of deal arbitrage, with mixed success. The spread between...
07 May 2014
"April's PMI surveys signal a strong start into the second quarter, with the rate of activity growth in Germany's private sector economy accelerating...
23 April 2014
"2013 witnessed 222 IPOs - the most since 2000 The nine most borrowed stocks, three months following float, have fallen by over 30% Heavily shorted...
23 April 2014
"Growth of business activity in the euro area economy accelerated to its fastest for just under three years in April, leading to a return to...
04 April 2014
Markit iBoxx fixed income monthly market monitorDownload full article
01 April 2014
"After a tenuous start to the year, investors have a renewed appetite for risk having returned to the trades favoured during the bull run of...
31 March 2014
The headline seasonally adjusted Markit/JMMA Purchasing Managers' Index" (PMI") - a composite indicator designed to provide a single-figure snapshot...
24 March 2014
"Markit's flash PMI surveys showed ongoing marked divergences between manufacturing trends in the US, Eurozone and China in March. While business...
13 March 2014
"Next week's economic calendar features the publication of the 2014 UK Budget, alongside unemployment figures and the minutes from the latest...
13 March 2014
"Jobless benefit claims and retail sales both beat expectations, providing reassurances that the US is coping better than many had anticipated...
12 March 2014
"Manufacturing output in the euro area rose 0.3% in January, according to the official statistics body Eurostat. The increase took output 1.3%...
07 March 2014
"Severe winter weather looks to have less of a dampened effect on hiring by US companies than anticipated. Non-farm payroll rose 175,000 in February,..."...
07 March 2014
"Employment and recruitment agencies reported another month of surging demand for staff in February, with employment continuing to rise strongly...
07 March 2014
US non-farm payroll figures were the main focus in the economic calendar on Friday as CDS spreads displayed a mild rally late in the European...
06 March 2014
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI" surveys, fell for the third month running to 51.1 in February...
19 February 2014
Pay growth in the UK showed signs of lifting higher towards the end of last year as job creation continued to surge in the fourth quarter.Download...
13 February 2014
"Building on the strong growth evident in Q4 2013, global basic materials industry grew for the eighth month running in January, according to...
30 January 2014
"Solid corporate earnings helped US credit markets outperform their counterparts in Europe and put concerns about emerging markets to one side...
28 January 2014
Markit Economics has developed two new economic indicators to provide further understanding of the changing economic environment facing businesses...
23 January 2014
"The euro area private sector economy grew for a seventh consecutive month in January, according to the flash Markit Eurozone PMI, with the rate...
23 January 2014
"The Chinese manufacturing economy contracted for the first time in six months in January, according to the flash PMI produced by Markit for...
22 January 2014
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
07 January 2014
"Retail sales data suggest that Germany's economic recovery is now spreading into the retail sector, following a two-month period of declining...
07 January 2014
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, signalled overall growth of output across global emerging...
02 January 2014
"Global manufacturing ended 2013 on a high note, with growth of both output and employment picking up further momentum in December. The JPMorgan...
20 December 2013
The UK economy has grown faster than previously thought over the past year. Updated data from the Office for National Statistics confirmed that...
19 December 2013
"The US Federal Open Market Committee started tapering its asset purchases at its December meeting. Something that many overlooked - especially...
18 December 2013
Employment is surging higher and unemployment collapsing in the UK as the economic recovery has moved into a higher gear. The official data are...
02 December 2013
"November saw the already solid upturn in the UK manufacturing sector gain further momentum. At 58.4, from an upwardly revised reading of 56.5...
15 November 2013
"Janet Yellen, the proposed new head of the US Federal Reserve and current vice-chair, gave an accomplished performance in front of the Senate...
08 November 2013
"Bill de Blasio, New York's recently elected mayor, won using the Dickensian slogan "a tale of two cities", but in the markets this week it was...
08 November 2013
"Markit's global financials PMI data signalled a slower rate of expansion in activity in October, with a near-stagnation of banking activity...
07 November 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, signalled the fastest rise in output in seven months...
07 November 2013
"The Bank of England left monetary policy unchanged at its October meeting, meaning the Bank's base rate remains at a record low of 0.5% and...
05 November 2013
"Major macroeconomic forecasts were the order of the day, but UK retailers served a reminder that idiosyncratic factors are also important.Marks...
01 November 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
30 October 2013
"Credit markets were rudderless as they awaited the outcome of today's Federal Reserve policy decision, due after the European close.The Federal...
30 October 2013
Eurozone retail PMI data from Markit showed a steeper drop in sales at the start of the final quarter of 2013. The Markit Eurozone Retail PMI...
25 October 2013
Spanish banks have had a tough time in recent years but their performance in the CDS market suggests the outlook may be improving. Spreads in...
18 October 2013
"Economic growth in the third quarter picked up in China, but the prospect of a further improvement in the fourth quarter looks unlikely. Although...
17 October 2013
"Global financial markets heaved a sigh of relief today, following yesterday's last minute passing of the US debt ceiling bill by Congress. Credit...
11 October 2013
"The global basic materials industry regained momentum at the end of the third quarter, according to Markit Global Sector PMI data. Output growth...
10 October 2013
"Risk assets received a much needed fillip on Thursday, though it was unclear that there was real substance driving the positive sentiment.Rumours...
10 October 2013
"The latest official data are painting a disappointing performance of the Italian industrial sector in the third quarter, raising concerns about...
02 October 2013
"Portugal Telecom stood out from the crowd on Wednesday, with the rest of the market transfixed by the actions of politicians and central bankers.The..."...
01 October 2013
The eurozone manufacturing sector expanded for the third straight month in September. This meant that growth was recorded throughout the third...
27 September 2013
Italian credits ensured that the Markit iTraxx Europe ended up wider losing ground in the first week of trading after the index roll.And it will...
27 September 2013
"Retail PMI data from Markit showed a renewed decline in eurozone retail sales in September. The Markit Eurozone Retail PMI eased below neutrality...
24 September 2013
"Emerging markets spoiled what was an otherwise solid day for credit markets, with Ukraine in particular under increasingly intense pressure.The...
23 September 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
16 September 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
13 September 2013
"Surging house building is helping drive a recovery of the UK construction sector, adding yet more evidence to suggest that the UK economic recovery...
04 September 2013
Credit trading remained cautious on Wednesday due to the increased likelihood of a US intervention in Syria after President Obama secured more...
03 September 2013
The growth rate of the global manufacturing sector continued to edge higher in August. Although the overall pace of expansion remained only moderate...
02 September 2013
Latest data indicated that the UK manufacturing sector maintained its robust start to the third quarter of 2013. After the solid increases in...
30 August 2013
"Emerging markets are located from the western reaches of the Americas to the far east of Asia, but recent weeks have shown that the countries...
29 August 2013
"The US economy grew faster than previously thought in the three months to June, largely attributable to an improvement in export performance....
08 August 2013
"The global consumer services sector gained momentum in July, according to new PMI data from Markit. Among eight broad sectors covered, consumer...
30 July 2013
There were holes in balance sheets and profits missing expectations but European bank CDS still managed to rally on Tuesday.Barclays dominated...
25 July 2013
"A bumper week of economic releases includes worldwide manufacturing PMIs, US, eurozone and UK central bank decisions, plus US GDP and non-farm...
16 July 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
11 July 2013
A busy week of economic releases starts with the eagerly anticipated Chinese GDP data for the second quarter. Analysts are also keen to see the...
09 July 2013
"Markit's global chemicals PMI data are derived from surveys of over 1,300 companies in the global chemicals industry across 28 major economies....
08 July 2013
"Markit's global financials PMI data are derived from surveys of over 1,400 companies in banking, insurance, real estate and other financial...
28 June 2013
"The Markit/JMMA Manufacturing PMI rose in June to its highest since February 2011, pointing to ongoing robust growth of the Japanese goods-producing...
27 June 2013
"The fight-back against risk aversion continued on Thursday, assisted by more soothing words from central bankers.William Dudley, the president...
24 June 2013
"There was no respite for risk assets on Monday as volatility continued to grip markets.The central banks of the US and China, both friends of...
24 June 2013
Further signs of the German economy regaining momentum were provided by the IFO survey's headline index rising for a second successive month...
20 June 2013
"The week sees some potentially important updates to economic growth in the first quarter, with new estimates of GDP published for the UK, US...
13 June 2013
Royal Bank of Scotland's credit standing felt the full force of chief executive Stephen Hester's controversial departure on Thursday.The news...
13 June 2013
"We calculate the flash PMI data for June next week, publishing the results on Thursday for China, the eurozone and the US. May data showed China's..."...
07 June 2013
Credit markets recouped some of their losses from Thursday following today's publication of US nonfarm payroll figures for May.The US Department...
07 June 2013
"US non-farm payrolls rose 175,000 in May, higher than expectations of 163,000. Ongoing economic growth is creating jobs at a reasonable rate...
06 June 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, was unchanged from April at 51.4 in May. That was the...
24 May 2013
"More guidance on the health of the global economy in the first quarter will be provided by the publication of gross domestic product data for...
17 May 2013
Worldwide steel-using firms reported a weaker expansion of output during April. The latest data from Markit showed that production at intensive...
16 May 2013
"Official data confirmed the upbeat message from recent PMI surveys, indicating that Japan has surged out of recession. Gross domestic product...
15 May 2013
"Canadian manufacturing shipments fell 0.3% in March, down to $49.5bn. Although the contraction was only marginal, it was a marked contrast to...
14 May 2013
"Spreads bounced back from a slow start and resumed the rally that was cut short over the last week, with concerns over rising Japanese government...
09 May 2013
"UK factories stepped up a gear in March, boosting production for a second successive month. With surveys indicating that growth gained further...
02 May 2013
"April data from HSBC signalled only a slight improvement of operating conditions in the Chinese manufacturing sector, as output and new orders...
02 May 2013
"The European Central Bank today announced cuts to refinancing and marginal lending rates to record lows of 25bps and 50bps, respectively. A...
30 April 2013
A modest improvement of Japanese manufacturing operating conditions was signalled during April. Led by a strong performance from investment goods......
25 April 2013
A further illustration of the crisis engulfing the Spanish economy was provided today by the latest quarterly labour market statistics release.......
24 April 2013
"UK retailers reported a drop in sales on average for the first time in eight months in April, and the outlook for sales in the coming month...
18 April 2013
"Despite falling in March, which was in part attributable to bad weather, UK retail sales returned to growth in the fourth quarter, adding to...
12 April 2013
"A busy week for economy watchers starts with first quarter GDP data for China, which are likely to confirm earlier signals from the PMI surveys...
09 April 2013
"Downward trends in manufacturing output, industrial production and exports have eased in recent months, adding to signs that the German economy...
09 April 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
28 March 2013
"If one wanted to make a bet at the end of 2012 that a eurozone country would impose capital controls before the end of the first-quarter 2013...
28 March 2013
"The US economy grew more than first thought in the final quarter of last year, though slightly less than economists had been hoping. The annualised...
21 March 2013
"The HSBC Manufacturing PMI rose to 51.7 in March, according to the flash estimate produced by Markit, rebounding from February's four-month...
18 March 2013
It was almost like the good - or bad - old days in Europe today when an EU bailout plan for Cyprus sent shockwaves through the market.The bailout...
18 March 2013
"Worldwide business confidence has revived from the post-crisis low seen late last year, with expectations of business activity, revenues and...
15 March 2013
"In what may be a turbulent week for sterling, the UK Chancellor sets out his fiscal policies in his Budget on Wednesday, which should also include...
15 March 2013
"A jump in gasoline prices meant US consumer prices rose more-than-expected in February, showing the largest monthly increase since June 2009....
15 March 2013
It's the middle of March and that means one thing in the CDS market: index rolls.The final lists for the roll of the Markit iTraxx indices were...
08 March 2013
"U.S. non-farm payrolls rose by 236,000 in February, smashing through market expectations of a rise of 160,000. Even though January's total was...
05 March 2013
Worries about a triple-dip recession in the UK have been softened as service sector companies reported the strongest upturn in business activity...
05 March 2013
"Global economic growth slowed to a four-month low in February, according to the JPMorgan Global PMI, a survey-based leading indicator of worldwide...
01 March 2013
"The UK manufacturing sector lost considerable momentum during February, with output, new orders and employment all posting net reductions since...
22 February 2013
"The week starts with the release of the flash manufacturing PMI for China on Monday and ends with worldwide final PMI releases on Friday. However...
22 February 2013
A downward revision to the European Commission's economic growth forecasts for the eurozone suggest that governments will be given more time...
21 February 2013
Shareholder-friendly actions combined with macroeconomic concerns to send credit spreads into retreat on Thursday.Leveraged buyouts have become...
21 February 2013
"Government borrowing figures were much better than expected in January but, with just two months of the tax year remaining, borrowing is still...
18 February 2013
Cyprus' spreads rallied significantly in a day becalmed by the school half-term in the UK and the Presidents' Day holiday in the US.The Mediterranean......
15 February 2013
"Industrial production fell 0.1% in January, confounding analysts' expectations of a 0.2% increase. The downturn was led by a 0.4% drop in manufacturing..."...
14 February 2013
"Eurozone GDP contracted 0.6% in the final quarter of 2012, a steep contraction that was identified by PMIs well in advance of official data....
12 February 2013
"Italian corporates remained under more pressure than a papal conclave on Tuesday, bucking the rally in the broader market.Telecom Italia was...
12 February 2013
"UK inflation remained stuck at 2.7% for the fourth month running in January, according to the Office for National Statistics. Retail price inflation...
08 February 2013
The first estimate of eurozone GDP in the final three months of 2012 is expected to show the region contracting for the third successive quarter....
07 February 2013
"Having undergone the steepest downturn since the height of the financial crisis last year, January PMI data for the European automobiles industry...
06 February 2013
"Event risk is stalking the credit markets today, and nowhere more so than in the TMT sector.Time Warner Cable (TWC) and Cox Communications (COX)...
01 February 2013
"UK manufacturing production continued to expand at the start of 2013, following a further increase in new orders and ongoing efforts to clear...
31 January 2013
"A slew of disappointing earnings reports gave risk aversion the upper hand in Europe today.Pharmaceuticals, typically solid performers and defensive...
30 January 2013
An increase in business sentiment for the third month running in January provides further evidence that the Eurozone's recession is showing signs...
25 January 2013
The most important economic releases will come out of the US. The first estimate of US GDP in the final quarter of last year is expected to show...
25 January 2013
"The UK economy contracted more than expected in the final three months of last year according to official data, confirming earlier signs of...
24 January 2013
Mixed economic news in Europe and disappointing corporate results in the US led to credit continuing its modest retreat this week.Apple's sales...
11 January 2013
Industrial production data for November add to the likelihood of the UK economy having contracted in the final quarter of last year. There are...
10 January 2013
"A solid Spanish bond auction, a slightly more optimistic ECB and robust trade data from China all helped to offset some disappointing corporate..."...
10 January 2013
"Historical analysis of the JP Morgan Global Manufacturing PMI, compiled by Markit, illustrates the predictive power of the index for tracking...
10 January 2013
"The final EMI report for 2012 indicated a slight acceleration in economic growth across emerging markets worldwide. That said, total activity...
07 January 2013
"From tomorrow, the Markit credit team will move to producing one daily note instead of three. However, at least one thematic, deeper piece will...
04 January 2013
The UK saw a renewed bout of economic weakness at the end of 2012. The all-sector Output Index from the three PMI surveys fell below the 50.0...
03 January 2013
After a brief pause on Thursday morning the nascent 2013 rally continued apace and spreads tightened significantly.Corporates based in the eurozone......
