In this edition we highlight:
- Five themes for quarter three – ECB and Fed policy, an analysis of the Fed’s composition, key political events on the horizon, and what it all means for currency markets.
- A landscape of Emerging Market countries that has to be navigated carefully, with an eye toward strong economic fundamentals and low political risks.
- Masashi Murata also offers an overview of Emerging Market countries.
- Currency Forecasts and an analysis of productivity and wage growth.
Read the full Q3 2017 FX Quarterly.
Bullish sentiment for U.S. assets leads to increased IPO activity. In Asia, one of Japan’s largest car airbag manufacturers filed for bankruptcy on Monday. China’s domestic equities will join MSCI’s benchmark indexes, marking a landmark step in the continued integration of the nation with the global financial system. The Finnish construction company, Yit Oyj has sought to acquire Lemminkainen Oyj as it bids to increase its footprint in northern Europe.
As Sears Holdings’ struggles continue, we are seeing increased bearish sentiment for companies with exposure to the retailer, specifically REIT, Seritage Growth Properties. Borrowers are seeking shares of Toshiba Corp after plans to sell its memory-chip business took an unexpected turn last week. In Europe, capital raising deals are driving securities lending demand. Continue reading