Takeaways: Well that was quite a quarter. A litany of ‘worst since’ for many global benchmarks, M&A records, a will-they-won’t-they Fed saga plus some spectacular share rollercoaster rides. We’re seeing rising confidence and investment in some areas, a maelstrom of concern in others. Perhaps the reason why we’re seeing such bifurcated views is because the … More Disruption, deflation and default
Takeaways: The IPO window isn’t closed entirely, but the bonanza is over. Investors are looking for a certain je ne sais quoi and keener pricing – open windows may also be limited in 2015. This opens up dual process or pure M&A opportunities – but HY borrowers should watch-out – it probably won’t get better … More Windows of opportunity
Takeaways: Deflation risks in spotlight. Eurozone forecasts dip further. Saudi action pushes oil price even lower. Bank of Japan hits the QE (panic) button (again) – raising the stakes in the currency markets. Strong corporate balance sheets provide opportunities to counter growth/deflation risks with acquisitions – despite the October M&A pause, pipelines look strong. Investor … More Deflating times
According to EY’s 11th bi-annual Global Capital Confidence Barometer (CCB), 40% of companies anticipate pursuing acquisitions in the next 12 months – the highest number for three years. More robust market conditions and expanding deal pipelines should see global M&A return to 2006 pre-crisis volume and value levels after a five-year deal slump. While 2014 … More Dealmaking set to rebound as middle-market looks set to drive M&A
Deflation, deflation, deflation…. Plus ça change, plus c’est la même chose – the more things change, the more they stay the same. There’s a change in ECB rhetoric, but we’re effectively looking at the same solutions. Markets are happy as long as someone is hinting at money printing – doesn’t matter whom or why. The disparity between … More Deflation, deflation, deflation
Equity markets started the week positively, having welcomed better figures from China that weren’t quite good enough to preclude official stimulus – a favoured combination. However, investors are still twitchy ahead of this week’s two main events– the ECB meeting on Thursday and US non-farm payroll data on Friday. After the announced fall in inflation … More Deal or no deal?