More countries discussing and implementing lockdown exit strategy: slow and cautious.
Smart regulatory and monetary policy coordination in Europe aim at supporting lending.
Fitch has cut Italy’s rating to BBB-. To raise to the sovereign rating challenge, EU governments need to better work and act together.
Green financial shoots already? Despite dire economic and earnings news, cyclical stocks have outperformed this week. A swallow does not make a spring, but medical advances may have cheered investors up.
Stick to long positions in safe credit and duration.
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MARKET COMMENTARY - RATING AGENCIES SHOW THEIR TEETH
(Weekly Pandemic) Market Commentary – Rating Agencies show their teeth
In Kürze
Highlights:
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