The Risk of Second-Round Effects

The surge in Euro area inflation—with headline expected to reach 9% in September—has raised the prospect of second-round effects, where… »
The surge in Euro area inflation—with headline expected to reach 9% in September—has raised the prospect of second-round effects, where… »
1Q2022 profit before tax of €668 million; CET1 ratio remains robust at 14.9% • Income strong with robust net interest… »
·Treasury announced across the curve cuts to nominal auction sizes in its May refunding announcement, surprising against our expectation for… »
BOTTOM LINE: The final Euro area composite PMI for April was unrevised from its flash estimate of 55.8, reflecting a… »
ECB officials have signalled the possibility of a new backstop tool for sovereign debt markets. We think their main objective… »
We anticipate Leonardo’s credit metrics and FOCF will improve over 2022-2023 to levels commensurate with an investment-grade profile. After a… »
Emmanuel Macron’s election victory on 24 April supports policy continuity for France (AA, stable) and for European integration, but popular… »
– S&P Global Ratings raised its Henry Hub and AECO natural gas price assumptions for the remainder of 2022 and… »
The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, provides… »
Generali announces the appointment of Fabio Cleva as Head of Investor and Rating Agency Relations, as of today, directly reporting… »