23 May 2013
"The HSBC China Manufacturing PMI fell to 49.6 in May from 50.4 in April, according to the flash estimate produced by Markit. The sub-50 reading...
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Browse Content
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22 May 2013
Ben Bernanke gave further impetus to the rally in risk assets following his opening statement to Congress today.The Federal Reserve Cchairman...
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22 May 2013
A weather-related drop in retail sales in April brings a reminder that the economy remains in a fragile state. It is likely that spending will...
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21 May 2013
Earnings filled the information void ahead of keenly awaited statements from central banks on Wednesday.Carnival Corp was a notable underperformer...
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20 May 2013
Financial CDS were in focus on Monday amid news that a change in International Swaps and Derivatives Association documentation could affect the...
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20 May 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...
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17 May 2013
"Ireland's CDS spreads hit 138bps on Friday, their tightest level for more than three years, an apparent market endorsement of the government's...
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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...
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16 May 2013
The flash PMIs from Markit will provide guidance on the health of the world's three largest economies in May. Recent PMI data have indicated...
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16 May 2013
"Official data confirmed the upbeat message from recent PMI surveys, indicating that Japan has surged out of recession. Gross domestic product...
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15 May 2013
Oil companies were in focus on Wednesday after it was revealed that several firms are under investigation by the European Commission. The EC...
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15 May 2013
"A tangled web of official data once again sent mixed messages about the health of the UK economy. However, most of the disappointments came...
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15 May 2013
"The eurozone's two largest economies fared worse than expected at the start of the year, piling further pressure on the ECB to act soon to do...
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15 May 2013
"The eurozone economy contracted for the sixth successive quarter at the start of 2013, with gross domestic product declining 0.2% in the three...
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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...
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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...
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14 May 2013
"Comparisons of developed world manufacturing economies, which includes data up to March 2013 for the US, UK, Japan, the eurozone and the individual..."...
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14 May 2013
"Eurozone industrial production rose surprisingly strongly in March, but divergent trends within the region and recent weak business surveys...
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13 May 2013
Credit started the week on the back foot amid reports the Federal Reserve is preparing plans to scale back its quantitative easing programme.The...
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13 May 2013
"The US Fed will be reassured by better than expected sales growth in April, but will be cautious about reading too much into one month's data....
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13 May 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...
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10 May 2013
"Portugal captured fewer headlines than its Iberian neighbour, Spain, but it was the main focus of the sovereign CDS market in what was a quiet...
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10 May 2013
"UK trade data add to signs that the manufacturing sector is finding its feet again, buoyed by a rise in exports of goods, which jumped almost...
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09 May 2013
"Commodity names widened on Thursday as high-beta credits gave back some of their gains from recent weeks, but one name that bucked the trend...
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09 May 2013
"The week sees a vast amount of data released, including euro area and Japanese GDP, updates on retail and industrial growth in China, inflation...
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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...
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09 May 2013
"The Bank of England's Monetary Policy Committee voted to keep policy unchanged at its May meeting, with interest rates held at 0.5% and its...
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08 May 2013
"Government data showed an improved performance of the German industrial sector in March, led by a strong upturn in manufacturing. However, the...
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08 May 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, fell to 51.3 in April, from March's 52.5. That signalled...
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08 May 2013
"China's official data showed an upturn in growth of both imports and exports in April, but the volatile data disguise a trend of slowing growth...
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07 May 2013
Central bank activism and surprisingly good economic data helped the credit markets continue to rally after a long bank holiday weekend in London.The......
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07 May 2013
"Consumer spending fell in April, contrasting with marked growth seen in each of the previous three months. The Visa Europe: UK Expenditure Index...
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07 May 2013
"The JPMorgan Global PMI, compiled by Markit, fell from 53.0 in March to 51.9 in April, indicating the weakest pace of worldwide economic growth...
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07 May 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...
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07 May 2013
"The Markit/JMMA Japan PMI surveys point to an ongoing growth spurt in the Japanese economy in April, albeit with growth tapering off slightly...
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03 May 2013
Global credit markets enjoyed a solid end to the week as the effects of the ECB's rates cuts yesterday became more apparent. The Markit iTraxx...
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03 May 2013
"Services PMI data from Markit for the Eurozone and major emerging markets are released at the start of the week, followed by official industrial...
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03 May 2013
The three UK PMI surveys collectively signaled the fastest rate of economic growth for eight months in April. The improvement reflected a strengthening......
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03 May 2013
"Official data show far stronger than previously thought job creation in the US, reducing the need for additional stimulus from the Fed. However...
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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...
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02 May 2013
"The JPMorgan Global Manufacturing PMI - compiled by Markit - came in at 50.5 in April, down to a four-month low from 51.1 in March to signal...
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02 May 2013
"Eurozone manufacturing started the second quarter of 2013 on a weak footing, with conditions in the sector deteriorating at the sharpest pace...
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02 May 2013
"At last, the fastest contracting region in the world no longer has the highest central bank policy rate of all major developed economies. A...
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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...
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01 May 2013
"The May Day holiday in several European counties ensured that credit trading volumes were subdued, and tomorrow's ECB meeting also kept spreads...
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01 May 2013
"The UK manufacturing sector showed signs of stabilising at the start of the second quarter of 2013, as levels of production and new orders rose...
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01 May 2013
Sterling jumped 0.3% after April's Markit/CIPS Manufacturing PMI came in above expectations. The near-stabilisation of the manufacturing economy...
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30 April 2013
Since the handling of the Italian and Cyprus crises there has been very little volatility in the European ABS market. April saw spreads tightening...
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30 April 2013
A modest improvement of Japanese manufacturing operating conditions was signalled during April. Led by a strong performance from investment goods......
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29 April 2013
"Credit kicked off the week in a committed fashion, with spreads continuing to tighten and the rally gaining strength throughout the day. The...
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29 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...
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26 April 2013
"Monetary policy meetings at the Fed and ECB are scheduled for a busy week which also features Markit's worldwide manufacturing and service sector...
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26 April 2013
"The US economy expanded at a slower-than-expected rate in the first quarter. Gross domestic product rose at an annualised rate of 2.5%, up sharply...
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25 April 2013
A mixed day for corporate results couldn't prevent credit spreads continuing their inexorable move tighter on Thursday.Unilever's sales figures......
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25 April 2013
The UK avoided sliding into its third recession in five years by growing more than expected in the first quarter. The likelihood of policy action...
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25 April 2013
A further illustration of the crisis engulfing the Spanish economy was provided today by the latest quarterly labour market statistics release.......
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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...
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24 April 2013
A second successive monthly drop in the IFO survey adds to the PMI's message that the German economy could see a weakening of growth or even...
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23 April 2013
Signs that the eurozone economy continues to stagnate didn't deter the onward march of risk assets on Tuesday.The Markit Flash Eurozone PMI came...
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23 April 2013
"Weaker than expected flash PMI surveys from Markit for China, the US and the euro area have led to increased worries about the global economy.Download...
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23 April 2013
"The Markit Flash US Manufacturing Purchasing Managers' Index (PMI) fell to its lowest reading in six months during April. At 52.0, the flash...
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23 April 2013
"The HSBC Manufacturing PMI fell from 51.6 in March to 50.5 in April, according to the flash estimate produced by Markit, only a shade higher...
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23 April 2013
"The Markit Eurozone PMI Composite Output Index was unchanged on March's reading of 46.5 in April, according to the flash estimate. The sub-50...
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22 April 2013
"Gold miners were among the strongest performers today, though they have considerable ground to make up for the damage wrought in recent weeks.Their..."...
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22 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...
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22 April 2013
"Output growth at global metal-using firms was sustained at a solid pace in March, according to the latest Metals PMI data from Markit. This...
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19 April 2013
"Only weeks ago leveraged buyout fever was sweeping through the credit markets. But the boom hasn't yet materialised, and the company that triggered...
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19 April 2013
The preliminary estimate of first quarter gross domestic product (GDP) on Thursday will reveal whether the UK has slipped into a triple-dip recession....
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18 April 2013
There was some relief for Cyprus today as German MPs approved the €10bn of EU/IMF loans to the Cypriot government, giving the green light for...
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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...
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17 April 2013
"Credit markets remained resilient against stock market volatility today, and nowhere was that more evident than among European carmakers.News...
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17 April 2013
"Bleak looking labour market data raise the prospect of the Bank of England stepping up its asset buying programme in May. Employment fell, unemployment..."...
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16 April 2013
Robust earnings in the US helped markets consolidate following the tragic bombings in Boston and the ongoing sell-off in commodities.Goldman...
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16 April 2013
"Strong industrial production and housing data suggest that the US economy saw a robust end to the first quarter, but nagging doubts persist...
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16 April 2013
UK inflation remained well above its 2.0% target in March and looks set to increase further in coming months. Although recent falls in commodity...
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16 April 2013
"Oil prices have fallen sharply, with Brent crude dropping below $100 per barrel for the first time since last July and West Texas Intermediate...
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16 April 2013
"The International Monetary Fund cut its global growth forecast for this year from 3.5% to 3.3%, barely any stronger than the 3.2% expansion...
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16 April 2013
"Inflation has eased in the Eurozone to its lowest since August 2010, giving the ECB more leeway to cut interest rates and revive a region that...
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15 April 2013
Disappointing economic data from China led to risk assets starting the week on the back foot.Growth in the world's second-biggest economy slowed...
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15 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...
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15 April 2013
"Official data brought disappointing news on the performance of the world's second largest economy at the start of 2013, with economic growth...
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12 April 2013
"The current credit market rally came to a halt today, falling just short of completing its 10th day.But it would be no surprise to see spreads...
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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...
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12 April 2013
"Lower consumer confidence looks to have resulted in a drop in US retail sales in March, raising the prospect that the economy is slowing as...
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12 April 2013
"Eurozone industry picked up in February, but the underlying trend in the official data is still one of a sector in decline and in line with...
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12 April 2013
A downturn in the construction sector has added to the risk of having slid back into recession in the first quarter. UK construction industry...
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11 April 2013
Marks & Spencer revealed fourth-quarter sales figures on Thursday, but credit investors remained firmly focused on the possibility of a leveraged...
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10 April 2013
""Human error" was to blame for an early release of the latest policy minutes, according to the Federal Reserve, but markets weren't complaining.Stocks...
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09 April 2013
"Events in Asia continue to shape spread direction across the globe, helping credit markets to outperform equities.The Markit iTraxx Europe was...
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09 April 2013
"Industrial production rebounded in February after having suffered a shock fall in January, greatly reducing the likelihood of the UK sliding...
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09 April 2013
"Downward trends in manufacturing output, industrial production and exports have eased in recent months, adding to signs that the German economy...
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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...
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08 April 2013
"The passing of former Prime Minister Margaret Thatcher is dominateding UK headlines today, and pushing economic matters into the background.Thatcher..."...
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05 April 2013
"After the drama of the Cyprus bailout, it was back to focusing on economic fundamentals in the sovereign market on Friday.The eurozone economy...
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05 April 2013
"The week sees important indications of industrial performance in the UK and eurozone, which are likely to show weak trends, as well as retail...
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05 April 2013
"The rate of unemployment in the US fell to 7.6% in March, dropping for the second successive month to its lowest since December 2008. Non-farm...
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04 April 2013
It was all about central banks today as the Bank of Japan deployed its full arsenal while the ECB held its fire.Expectations were high that the...
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04 April 2013
A gathering upturn in the service sector in March looks to have helped the UK avoid a triple-dip recession by the narrowest of margins.Download...
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04 April 2013
There has been no avoiding the situation in Cyprus in recent weeks. Who would have thought that such a small country with mainly Russian capital...
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04 April 2013
"At 46.5 in March, the final Markit Eurozone PMI" Composite Output Index was unchanged on the flash reading, confirming that the rate of decline...
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04 April 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, was little-changed from February's 52.4 in March, posting...
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04 April 2013
"The Bank of England's Monetary Policy Committee voted to keep policy unchanged at its April meeting. The decision is likely to have been a close...
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03 April 2013
"A worse than expected leading indicator in the US knocked sentiment on Wednesday, though the markets were more concerned with crucial central...
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03 April 2013
HSBC China Composite PMI data (which covers both manufacturing and services) signalled a further expansion of output during March. Activity has...
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03 April 2013
"The Japanese service sector expanded in March at the quickest rate in over five years of data collection, as confidence improved and market...
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02 April 2013
Telecoms credits were under scrutiny on both sides of the Atlantic in a relatively quiet post-Easter trading day.Vodafone was reported to be...
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02 April 2013
"At 51.2 in March, up slightly from 50.9 in February, the JPMorgan Global Manufacturing PMI - a composite index produced by JPMorgan and Markit...
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01 April 2013
"The final Markit U.S. Manufacturing Purchasing Managers' Index posted 54.6 in March, signalling a further improvement in overall U.S. manufacturing..."...
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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...
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28 March 2013
A public holiday in Europe on Monday means a staggered release of the March PMIs over the week. The publication of US and emerging market manufacturing......
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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...
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28 March 2013
Growth in service sector activity at the start of the year has greatly reduced the risk of the UK falling back into a triple-dip recession. The...
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27 March 2013
Slovenia is suffering in the capital markets today amid speculation on which country will be the next bailout recipient. The Balkan sovereign...
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27 March 2013
"Final data for the fourth quarter of last year show an economy suffering from the headwinds of falling exports, declining business investment...
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25 March 2013
"A bailout for Cyprus was agreed in the early hours of Monday, an expected but still welcome development. However, a consequent revival of risk...
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22 March 2013
England takes on San Marino tonight in the archetypal "David v Goliath" football fixture. The result is all but inevitable - the microstate has...
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22 March 2013
"With Cyprus adding to uncertainty caused by the Italian elections, analysts will be watching the European Commission consumer and business sentiment..."...
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22 March 2013
The expansion of the U.S. manufacturing sector strengthened to the second-fastest pace in almost a year during March. This was signalled by the...
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22 March 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...
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22 March 2013
"It was only a small decline, but the first drop in the IFO survey's business expectations index adds to signs that the German economy is slowing...
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21 March 2013
"The risk of the UK sliding into a triple-dip recession have fallen sharply following news of a rebound in retail sales, rising tax revenues...
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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...
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21 March 2013
"The Markit Eurozone PMI Composite Output Index fell from 47.9 in February to 46.5 in March, according to the flash estimate. The decline signalled...
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21 March 2013
The credit markets lost ground on Thursday amid ongoing nerves surrounding Cyprus and disturbing economic news from the eurozone.The ECB cranked...
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20 March 2013
Official data once again provided a mixed picture of the health of the labour market data . Some reason to cheer came from a further rise in...
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20 March 2013
The Cypriot bank levy saga continued to occupy headlines on Wednesday after the national parliament blocked the proposal. The vote was held yesterday...
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19 March 2013
"It was all Cyprus again in the markets today, though the mood was one of cautious trepidation rather than panic.Credit and equity were both...
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19 March 2013
"Inflationary pressures picked up in February, not just at the retail level but also in the supply chain. Alongside some signs of underlying...
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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...
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18 March 2013
"UK business confidence has picked up compared to late last year, according to the latest Markit Business Outlook Survey. Growth in export markets...
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18 March 2013
"This release contains the March findings from the Markit Household Finance Index, which is intended to anticipate changing consumer behaviour...
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18 March 2013
"Worldwide business confidence has revived from the post-crisis low seen late last year, with expectations of business activity, revenues and...
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18 March 2013
Business confidence in Japan has risen to its highest seen since the recovery began from the global financial crisis in 2008-09.Download full...
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18 March 2013
The latest Markit Business Outlook survey signals an improvement in prospects among US manufacturers and services companies in early 2013 compared...
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18 March 2013
Expectations regarding business activity over the next 12 months have strengthened across the Eurozone compared with the previous survey conducted...
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18 March 2013
"An upturn in business optimism in China to its highest for two years and sustained positive sentiment in Brazil, India and Russia adds to evidence...
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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...
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15 March 2013
"US industrial production rose 0.7% in February, led by a 0.8% increase in manufacturing output. Analysts had been expecting increases of just...
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15 March 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...
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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....
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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...
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14 March 2013
"China and the Catholic Church both welcomed new leaders and scientists claimed they had found the "God particle", but things were rather more...
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13 March 2013
It was a tale of two auctions on Wednesday as the credit divergence in the periphery was laid bare.Italy faced a relatively tough challenge when...
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13 March 2013
"Total retail sales in the US were expected to have increased by 0.5%, with core sales (which exclude autos, gas stations and building materials)...
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13 March 2013
"Eurozone industry fared worse than expected in January, but the underlying trend in the sector is one of a moderating, albeit still severe,..."...
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12 March 2013
"China's plans to expand its economic influence overseas are now well-established, and the CDS market today provided further evidence of its...
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12 March 2013
"Industrial production suffered a shock fall in January, led down by a steep drop in oil and gas extraction and a slump in manufacturing output....
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11 March 2013
"Weak Chinese economic data and a ratings downgrade for Italy had a limited negative impact on Monday, with markets still enjoying a lift from...
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08 March 2013
"In the US, February retail sales and the University of Michigan's preliminary estimate of consumer confidence in March are likely to show that...
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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...
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08 March 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...
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08 March 2013
"After a downbeat end to 2012, regional PMI data produced by Markit indicated a brighter start for 2013 in Bavaria's business sector. The Free...
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08 March 2013
"Data from the Bank of England showed inflation expectations rising in February. Inflation in 12 months' time is expected to be running at 3.6%...
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07 March 2013
"Positive news on eurozone sovereigns helped the current rally in risk assets continue today, in spite of yet another month of inaction by the...
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07 March 2013
"The European Central Bank left interest rates unchanged at its March policy meeting, disappointing the minority of analysts that had been expected...
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07 March 2013
The Bank of England's Monetary Policy Committee voted to keep policy unchanged at its March meeting. Signs of better growth in the service sector...
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06 March 2013
"Credit indices displayed mild tightening on Wednesday as Eurostat, the statistical office of the European Union, published Q4 GDP figures for...
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06 March 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, fell from 53.8 in January to 52.3 in February. That...
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05 March 2013
Risk appetite had the upper hand on Tuesday as decent corporate results and better than expected economic data boosted sentiment. Commodity names...
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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...
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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...
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05 March 2013
"Having fallen below $1.50 for the first time in just over two years on Friday due to much weaker-than-expected manufacturing PMI data, sterling...
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05 March 2013
"Business confidence in Japan has surged to a five-and-a-half year high, fuelled by expectations of economic recovery following the government's...
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05 March 2013
"A new analysis of PMI data indicates that Irish exporters have consistently outperformed their non-exporting counterparts since the financial...
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05 March 2013
"At 47.9 in February, the Markit Eurozone PMI Composite Output Index came in above the earlier flash estimate of 47.3 but remained down on January's...
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01 March 2013
"A crowded week for economy watchers includes the worldwide service sector PMIs, US non-farm payrolls, a wealth of indicators for China, fourth...
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01 March 2013
"The UK manufacturing sector lost considerable momentum during February, with output, new orders and employment all posting net reductions since...
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01 March 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...
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01 March 2013
"Growth of the global manufacturing sector was maintained in February, although the rate of improvement eased from the start of the year and...
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01 March 2013
"At 47.9 in February, up slightly from a flash reading of 47.8, the seasonally adjusted Markit Final Eurozone Manufacturing PMI was unchanged...
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01 March 2013
Data derived from the Markit Eurozone Manufacturing PMI survey shows a clear divergence between the performance of exporting companies and those...
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28 February 2013
Argentina replaced Italy as the credit market's focal point after the country's stand-off with holdout creditors intensified. The government's...
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28 February 2013
The US economy is estimated to have grown at an annualised rate of 0.1% in the final quarter of last year rather than having contracted 0.1%...
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28 February 2013
"As with the rest of the credit market, the European ABS market has been volatile during February. The last quarter started bullish but major...
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27 February 2013
Global credit markets took a breather on Wednesday from the contagion unleashed by Italy's political turmoil. Dovish comments from Federal Reserve...
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27 February 2013
"The UK economy contracted 0.3% in the final quarter of last year, but is now estimated to have grown in 2012 as a whole rather than stagnated...
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26 February 2013
"Negative catalysts have been few and far between in recent months, but one arrived with a vengeance this week in the form of an inconclusive...
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25 February 2013
"Indications that a pro-reform government may win the Italian general election boosted risk assets today, though there remains considerable scope...
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25 February 2013
"There was little evidence of the government's Funding for Lending Scheme driving more bank lending in January, according to statistics from...
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25 February 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...
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25 February 2013
"The HSBC Manufacturing PMI fell from a two-year high of 52.3 in January to 50.4 in February, according to the flash estimate produced by Markit....
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22 February 2013
"France and Germany have always been at the core of the eurozone, and the EU project as a whole. But the core is showing signs of splitting in...
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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...
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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...
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21 February 2013
Shareholder-friendly actions combined with macroeconomic concerns to send credit spreads into retreat on Thursday.Leveraged buyouts have become...
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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...
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21 February 2013
"The Markit Flash U.S. Manufacturing PMI signalled further expansion of the manufacturing sector in February, although the rate of growth slowed...
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21 February 2013
"The Markit Eurozone PMI" Composite Output Index fell to 47.3 in February from 48.6 in January, according to the flash estimate. The decline...
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20 February 2013
Dutch telecoms operator KPN was today's strongest performer in the European investment grade market - thanks to Mexican billionaire Carlos Slim....
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20 February 2013
The head scratching intensifies as data show employment rising to a new all-time high at the same time as the economy contracted at the end of...
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20 February 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...
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19 February 2013
"US office suppliers don't capture many headlines, but they were in focus today amid LBO and M&A speculation.Office Depot, the second-largest...
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19 February 2013
PMI data from Markit can be used to gain an insight into the auto sector's demand for raw materials such as metals and its relative performance...
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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......
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15 February 2013
The health of the global economy in February will come into focus with the publication of the flash PMIs on Thursday. The Markit-produced business...
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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..."...
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15 February 2013
"Widespread heavy snowfall deterred high street shoppers in January, causing retail sales to drop 0.6% during the month, also down 0.6% on a...
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14 February 2013
Heinz bondholders experienced a major St Valentine's Day letdown after a deal was struck to take the company private.The food company agreed...
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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....
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13 February 2013
"The Bank of England revised down its growth forecasts in its latest quarterly Inflation Report and hiked its expectations for inflation. However...
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13 February 2013
"Industrial production rose across the euro area in December, but the increase follows steep falls in each of the previous three months and care...
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13 February 2013
Cable TV operators are hot property in Europe at the moment and it seems another major firm in the sector could be an acquisition target.Vodafone...
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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...
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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...
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11 February 2013
Risk appetite receded slightly in a trading day subdued by pre-election jitters in Italy and holidays in the Far East.The Markit iTraxx Europe...
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11 February 2013
"The French industrial sector suffered the steepest decline in output since the height of the financial crisis, official data for the end of...
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08 February 2013
"European credit spent the latter half of last year making up lost ground on its US counterpart, but in recent weeks it has reverted to old habits...
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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....
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08 February 2013
"Trade data for December paint a reassuring and encouraging picture of the US economy at the end of last year, suggesting the economy did not...
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08 February 2013
Strong growth of China's exports in January add to evidence that the world's second largest economy is seeing a further acceleration in the pace...
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07 February 2013
Italian bank Monte dei Paschi was the strongest performer in a day dominated by central banks and government debt.Monte dei Paschi has been plagued...
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07 February 2013
"Manufacturing and trade showed signs of renewed life in December, adding to indications that the UK economy gathered momentum at the end of...
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07 February 2013
"Manufacturing output in Germany is falling at the fastest quarterly rate since early 2009, according to official data which are now confirming...
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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...
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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)...
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06 February 2013
"The PMI surveys signalled a return to growth of the UK private sector economy in January, and have also moved back to a level consistent with...
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06 February 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, rose from 53.0 in December to 53.9 in January. That...
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05 February 2013
"Political risk drove the credit markets wider yesterday, but the focus returned today to earnings and single name event risk.Dutch telecoms...
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05 February 2013
"Business activity in the UK picked up at the start of the year, according to the PMI surveys, pointing to a return to growth of the UK economy...
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05 February 2013
"Global economic growth slowed slightly in January compared to December's nine-month high, according to purchasing managers' surveys, but remained...
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05 February 2013
"At 48.6 in January, from 47.2 in December, the Markit Eurozone PMI Composite Output Index rose to a ten-month high and came in above its earlier...
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01 February 2013
The maxim "too big to fail" - made famous by the financial crisis and the litany of banks requiring government assistance to survive - was echoing...
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01 February 2013
"The week sees the publication of worldwide service sector PMI numbers for January, as well as monetary policy meetings at the ECB and Bank of..."...
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01 February 2013
A solid gain in US employment provides welcome reassurance that the US economy is healthier than the surprise fall in fourth quarter GDP and...
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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...
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01 February 2013
"The global economy showed further signs of pulling out of the soft patch seen last year, with worldwide manufacturers reporting the first significant..."...
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01 February 2013
"The downturn in the Eurozone manufacturing sector eased at the start of 2013, as rates of decline in production and new orders both slowed.Download...
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31 January 2013
"A slew of disappointing earnings reports gave risk aversion the upper hand in Europe today.Pharmaceuticals, typically solid performers and defensive...
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30 January 2013
Italian credits led the broader market wider on Wednesday amid disappointing earnings and ongoing concern about the banking sector.Oil services...
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30 January 2013
"The US suffered a surprise economic contraction in the final quarter of last year, but this is not likely to be the start of a double-dip recession....
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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...
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29 January 2013
"Credit has been underperforming equity in recent weeks, and the trend continued today amid LBO rumours and weakness in the banking sector. European...
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28 January 2013
The oil sector took centre stage in an otherwise quiet start to what promises to be a very busy week on both sides of the Atlantic.Oil rig operator......
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25 January 2013
It has now become a truism that the ECB's commitment to the irreversibility of the euro last summer and the subsequent introduction of the OMT...
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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...
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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...
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25 January 2013
"The IFO survey of German business conditions rose sharply in January, matching a similar rise in the flash PMI, published on Thursday. The positive...
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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...
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24 January 2013
"Purchasing manager surveys indicate that the global economy has picked up further momentum at the start of 2013. Markit's flash manufacturing...
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24 January 2013
"The year started in much the same way as 2012 ended, on a very slow note. However, since mid-January the market has picked up again in terms...
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24 January 2013
"The Markit Eurozone PMI Composite Output Index rose for the third consecutive month in January according to the flash estimate, up to a ten-month...
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24 January 2013
"China's manufacturing economy grew at the fastest rate for 24 months in January. The flash manufacturing PMI for China, produced by Markit on...
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23 January 2013
"The UK labour market continued to show surprising resilience in the face of signs of renewed economic weakness in the fourth quarter, with employment..."...
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22 January 2013
"Italian banks weighed on the broader market on Tuesday, despite a bumper Spanish bond auction and news of a fresh injection of liquidity from...
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22 January 2013
"Government borrowing appears on course to be higher than planned for the current year, as austerity measures have failed to reduce government...
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22 January 2013
"An insight into future steel production can be gleaned from surveys of how busy steel-using companies are, looking at their production, order...
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21 January 2013
It was predictable that the week would start on a quiet note given the US holiday and a blanket of snow across London. Traders reported light...
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18 January 2013
"With the exception of China, central bank largesse may be providing ballast to the current global rally, but without growth the real economy...
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18 January 2013
"Flash PMIs for China, the Eurozone and the US are published by Markit on Thursday, as is South Korean Q4 GDP. The UK publishes the first estimate...
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17 January 2013
"There was plenty of single name news to keep credit markets occupied on Thursday, filling the gap left by a lack of activity on the macro front.Dutch..."...
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16 January 2013
Event risk has returned to the agenda this week on both sides of the Atlantic.German travel services firm TUI AG was active in the CDS market...
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15 January 2013
Credit was under the cosh today amid weak US economic data and signs that leveraged buyouts could be set for a return.Very few European names...
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14 January 2013
Spreads opened wider on Monday as lower than expected eurozone industrial production figures and concerns over the proposed banking union punctured......
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11 January 2013
Europe's bond markets sent out a strong signal this week that the continent's debt problems are no longer the roadblock to recovery they once...
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11 January 2013
An overview of the week's economic releases.Download full article
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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...
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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..."...
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10 January 2013
"Historical analysis of the JP Morgan Global Manufacturing PMI, compiled by Markit, illustrates the predictive power of the index for tracking...
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10 January 2013
"The final EMI report for 2012 indicated a slight acceleration in economic growth across emerging markets worldwide. That said, total activity...
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10 January 2013
"A revival of export growth helped drive China's trade surplus sharply higher in December. The trade data signal an encouragingly strong end...
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09 January 2013
Steelmaker ArcelorMittal was a conspicuous outperformer in a day lacking market-moving catalysts.ArcelorMittal's spreads tightened 40bps to 335bps...
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09 January 2013
"An upturn in goods exports in November adds to signs that the manufacturing economy showed signs of improving in the final quarter of last year....
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09 January 2013
Official industrial production data have moved closer into line with survey data which have indicated that the German economy contracted in the...
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08 January 2013
Expectations of an imminent fiscal stimulus in Japan and a new bond issue from Ireland weren't enough to shake the credit markets from their...
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08 January 2013
A steep fall in exports adds to evidence that the German economy slid into contraction in the final quarter of 2012. The business surveys suggest...
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08 January 2013
"Although 14 of the 22 sectors covered by detailed sector PMI data for Europe posted a reduced level of output in December, the rates of contraction...
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08 January 2013
"Global economic growth edged up to a nine-month high in December, according to the global PMI surveys, rounding off the best quarter since the...
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08 January 2013
"French exports fell sharply in November, according to official data, matched by a similar steep fall in imports. Survey data suggest that a...
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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...
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07 January 2013
"Risk assets are struggling to maintain the hot pace set by the markets last week, with the major credit and equity indices little changed from...
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04 January 2013
"It's a new dawn...and I'm feeling good". Financial markets seem to be echoing Nina Simone's sentiments in what has been a very strong start...
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04 January 2013
An overview of the week's economic releases.
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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...
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04 January 2013
"PMI survey data indicate that the economic downturn has moderated sharply in the Madrid region, providing a ray of hope while the country as...
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04 January 2013
"The Irish economy continues to recover modestly, in contrast to the picture seen across much of the rest of the Eurozone. The latest official...
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04 January 2013
"Global private sector output expanded at the fastest pace for nine months in December, rounding off the strongest quarter since Q1 2012. Trends...
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04 January 2013
"The Eurozone downturn eased further at the end of 2012, as rates of contraction in economic output and new business slowed. At a nine-month...
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04 January 2013
"Risk appetite had returned for the first few days of 2013, but it may be suppressed Friday morning after US sentiment took a knock yesterday.Minutes...
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04 January 2013
In September 2012, Spain raised both its headline rate of VAT and the reduced rate eligible on certain items to help cut the budget deficit....
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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......
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03 January 2013
European credit markets are consolidating their gains from the positive reaction to the fiscal cliff deal announced earlier this week.Investors...
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02 January 2013
"The UK manufacturing sector ended 2012 on a positive note, with levels of production and new orders rising at faster rates in December. The...
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02 January 2013
"The global manufacturing sector continued to stabilise in December. At 50.2, from 49.6 in November, the JPMorgan Global Manufacturing PMI -...
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02 January 2013
"The Eurozone manufacturing sector ended the year on a weak footing, with levels of production and new orders both contracting further in December....
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02 January 2013
European markets have started 2013 on an optimistic note after US legislators reached a last minute deal that averted the so-called fiscal cliff.The......
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