Monthly Archives:

July 2017

BVTV: another car crash for the auto sector

Last week was a particularly busy week in the earnings season calendar, but has sentiment for the auto sector been dampened by the latest revelations in Germany’s Der Spiegel magazine of how car manufacturers colluded over diesel emissions treatment systems?

Wolfgang Bauer joins me for an auto sector special this week on BVTV, where we discuss the latest scandal, plus the impact of the further …

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Five years on from “whatever it takes”

Today marks five years on from Mario Draghi’s now famous ‘whatever it takes’ remarks, widely credited with sparking a reversal in the Eurozone’s fortunes.

Below are five charts offering some insights into the European Central Bank’s successes and failures in the ensuing period, as well as some of the challenges that remain.

  1. Funding costs in the periphery

Five years ago, funding costs for the …

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Debt ceiling tremors in the Treasury market

The United States is fast approaching the point at which its indebtedness reaches its debt limit, which generally is approved by Congress without debate. Routinely in the past the debt ceiling would be raised, reflecting that it does not affect the amount of spending, but only makes sure the U.S. can pay for spending it is committed to whether by tax receipts or by borrowing. It is about ensuri…

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This week on BVTV

It was just about 3 years ago the market was getting very relaxed about the global economy, asset prices were rich and volatility was very low…then the market sold off. Today it feels like we are back to that situation: a recession seems very unlikely, but can we experience another market correction? In this episode of BVTV we highlight 3 things that could potentially lead to a correction in th…

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One year, one hundred climbs. 76 down, 24 to go. The end is in sight…

I’m now more than three quarters of the way through my attempt to climb 100 iconic hills, bergs, kops and mountains on my bike in 2017.  It’s been amazing fun so far, and I’ve ridden a huge variety of different types of hill and mountain with some great people.  The hardest?  Well it took me six tries to get up Bristol’s Vale Street, the steepest residential road in the UK – but I was on a stat…

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BVTV: Oil weakness – threat or opportunity?

As we enter the second half of 2017, one of the biggest themes to emerge recently has been renewed oil price weakness. M&G credit analyst Vladimir Jovkovic joins me this morning on BVTV to discuss what’s driving the latest price falls and what the possible implications may be for the next US high yield investment cycle. Also this morning: a quick recap of how bond markets have performed in the …

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This week on BVTV

Join us on BVTV, where this week we discuss:

  1. Lower oil prices – less of a concern for risk appetite this time around;
  2. BoE: Keep calm and carry on expecting;
  3. Traditional drivers for EUR/USD have broken down –  more Euro strength to come?

Tune in for our thoughts on the stories making headlines this week.

 

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