Alex Irwin-Hunt

European debt collectors have been hit by a range of challenges, notably higher interest rates, which pushed their funding costs much higher. Some have emerged relatively unscathed, but others look shaky. Double-B rated B2 Impact successfully priced €200 million of notes last week. Meanwhile, Intrum and iQera have taken the first steps in the restructuring of their debt. See my article on PitchBook #leveragedfinance #highyield #specialsituations

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With UK GDP tomorrow and the ECB on Thursday, euro/pound looks primed for volatility. A weak GDP print could fuel euro/pound dip buying, especially with the ECB’s forward guidance in focus. BoE rate cuts may be deferred, not canceled—watch for a move higher in EUR/GBP. #forex #fundamentalanalysis #forextrading

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Ros Altmann: The damaging bias against UK #investment companies. UK listed investment companies are a long-standing British success story, but seem to have come under attack from well-intentioned, but flawed, domestic regulations. Check out Ros Altmann's latest article 👇 https://incm.pub/4bcM0v0 #investing #assetmanagement #wealthmanagement #finance

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📊 Mixed Reactions from UK Investors UK investors might have mixed feelings about Shein’s potential LSE listing. The growth opportunities are substantial, but ethical and regulatory concerns could influence investment decisions. 🔗 https://shorturl.at/AbkHh #Shein #IPO #LondonStockExchange #investing #FinancialEducation #InvestSmart #Genzfinance #genz #Millennials #londoncity #unitedkingdom #wealthmindset #InvestmentGrowth #UKFinance #InvestingInsights #ukinvestors

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📊 Mixed Reactions from UK Investors UK investors might have mixed feelings about Shein’s potential LSE listing. The growth opportunities are substantial, but ethical and regulatory concerns could influence investment decisions. 🔗 https://shorturl.at/AbkHh #Shein #IPO #LondonStockExchange #investing #FinancialEducation #InvestSmart #Genzfinance #genz #Millennials #londoncity #unitedkingdom #wealthmindset #InvestmentGrowth #UKFinance #InvestingInsights #ukinvestors

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The US presidential elections, now just days away, could trigger a reordering in global trade, especially if Donald Trump is re-elected and ratchets up tariffs on China. This is raising expectations in India that it could benefit from an increase in US substitution demand, propelling its struggling manufacturing sector. Alexandra Hermann, Lead economist from Oxford Economics Asia Macro team, has a strong non-consensus call about the effects on India from tariffs on China. In her latest publication, Alexandra argues that the benefits to India are limited. 📌Read more: https://okt.to/zHLAkb #USElection2024 #USpresidentialelection #macroeconomics

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A little scoop. Schroders has informed clients it will be adding a 'Sustainable Focus' label to a £1bn fund. After much hand-wringing from asset managers, more are announcing these labels. The message to fund distribution is these labels will matter and if you don't get one for your fund it may well lose out. #distribution #assetmanagement #citywireselector #ESG #FCA #sustainableinvesting https://lnkd.in/eMHdpueW

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A clear trend of electronification is being seen every day in #fixedincome markets with Cicada being at the forefront of Mexican #fixedincome electronification.

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While the condition of the economy is important, GDP figures don't tell the whole story about the lives of the people of the UK: https://lnkd.in/ewni_v7b That's why we continue to support the Office for National Statistics's work on their UK Measures of National Well-being Dashboard: https://lnkd.in/erTF__Ae

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The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the world’s major economies, the International Monetary Fund (IMF) has told the BBC. It comes as concerns are heightened ahead of the possible re-election of Donald Trump. Trump says he plans to introduce a universal tax or tariff of up to 20% on all imports into the US, while the European Union is already planning retaliation if Washington goes ahead with the new levy. Last week, Trump said “tariff is the most beautiful word in the dictionary”, and global markets and finance ministers are now beginning to take seriously the prospect of him enacting the ideas. IMF first deputy managing director Gita Gopinath said the Fund could not yet assess the specifics of Trump's trade plans, but thinks that “if you have some very serious decoupling and broad scale use of tariffs, you could end up with a loss to world GDP of close to 7%". "These are very large numbers, 7% is basically losing the French and German economies. That's the size of the loss that would be," she continued. Ms Gopinath also said tariffs worth hundreds of billions of dollars “is very different from the world we’ve lived in over the past two of three decades”. The IMF’s deputy chief said another of the Fund’s main messages at its Annual Meetings was to warn on ballooning levels of global government debt. She said the current period of steady economic growth was a “moment to rebuild your fiscal buffers” as “this will not be the last crisis. There will be additional shocks. You will need the fiscal space to respond. And now is the time to do it”. Read More:  https://lnkd.in/exRUS6Sf

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What could the snap General Election mean for UK politics? In this week’s podcast, Sonia Fernandes examines the key issues making headlines as the UK prepares to go to the polls in one month’s time. Meanwhile, Henk Potts discusses US growth, central bank options in Europe and crude oil prices. Follow the links below to listen. Spotify: http://ms.spr.ly/6046dxG54 Apple: http://ms.spr.ly/6047dxG5f Google: http://ms.spr.ly/6048dxG5A #BarclaysMarketsWeekly #Investors #Podcast

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What could the snap General Election mean for UK politics? In this week’s podcast, Sonia Fernandes examines the key issues making headlines as the UK prepares to go to the polls in one month’s time. Meanwhile, Henk Potts discusses US growth, central bank options in Europe and crude oil prices. Follow the links below to listen. Spotify: http://ms.spr.ly/6046dxG54 Apple: http://ms.spr.ly/6047dxG5f Google: http://ms.spr.ly/6048dxG5A #BarclaysMarketsWeekly #Investors #Podcast

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Long read: How the yen carry trade led to a market sell-off https://on.ft.com/3MeIt4z

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Domestic Investors Stake N1.335trn In Equities In Q1 https://ift.tt/bsdjotg Total transactions by domestic portfolio investors in the stock market rose by 86.23 per cent as they invested a total value of N1.335 trillion in the first quarter (Q1) of 2024. The domestic investors have continued to hold ground on the floor of the Nigerian Exchange (NGX) Limited despite rising inflation and currency volatility in the foreign exchange market as they were major drivers of the Domestic & Foreign Portfolio Investment. This was contained in the Domestic and Foreign Portfolio Investment (FPI) March 2024 report. The Domestic and Foreign Portfolio Investment Report is prepared on a monthly basis by NGX Regulation Limited, with trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI) flows. These transactions are carried out by Domestic and Foreign investors. Total transactions at the nation’s bourse from January to March 2024 stood at N1.548 trillion as against N530.23 billion in the corresponding period of 2023. Foreign transactions stood at N213.18 billion, accounting for about 13.77 per cent of the total transactions carried out, while domestic transactions constituted N1.335 trillion, outperforming the foreign investment during the same period. Analysis of domestic transactions showed that domestic retail transactions pulled N670.89 billion investment, while institutional investors’ investment amounted to N663.87 billion in Q1, 2024. Analysts have noted the foreign exchange backlog, among other factors responsible for foreign investors staying clear from the Nigerian stock market. They observed that the high local investors participation in the market is good for the local bourse, saying that this has restored credibility and stability to the market, which was hitherto marred by volatility occasioned by the activities of foreign investors. Meanwhile, the CBN in March 2024 announced that it has successfully cleared all valid foreign exchange backlogs, effectively eliminating a legacy burden. This accomplishment fulfils a commitment made by CBN Governor, Mr. Olayemi Cardoso, who vowed to address an inherited backlog of $7 billion in claims. Analysts at Cordros Securities Limited said, “we believe the prospect of FPIs returning to the market is a key factor to monitor in 2024. Foreign investors’ interest in the Nigerian equities market has remained weak due to difficulty in accessing and repatriating funds. They said, “we expect domestic investors to continue to dominate the domestic equities market over the short-to-medium term, even as higher fixed income (FI) yields may constrain buying activities. “At the same time, we expect to see improvement in foreign participation over the medium term, even as foreign investors are likely to adopt a wait-and-see approach in the near term. Our expectation is hinged on the policy pronouncements and reforms by the current administration, undoing the polic...

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