Chart of the week
Problem based learning

Sign up and get unlimited access to our articles. It’s free and easy.

Latest articles
Global
Africa
Europe/CIS
Asia
MENA
LatAm
Macro Analysis / Mexico

Mexico: 3Q20 GDP – Broadly unchanged, highlighting more dynamism in services

Gross Domestic Product (3Q20 F, nsa): -8.6% y/y; Banorte: -8.7%; consensus: -8.6%; preliminary: -8.6%. We highlight the +20bps revision to services to 8.8% q/q, helped strongly by the reopening, among other factors. We maintain our -9.0% y/y estimate...
Banorte Gabriel Casillas Olvera
Gabriel Casillas Olvera @ Banorte 26 November 2020
Macro Analysis / Global

Understanding the European Union’s regional potential in low-carbon technologies

This research identifies existing and potential specialisation in green technologies in European Union regions, and proposes an approach to identify policies that can help to realise this potential. We use network proximity between technologies and b...
Bruegel
Bruegel 26 November 2020
Understanding the European Union’s regional potential in low-carbon technologies
Understanding the European Union’s regional potential in low-carbon technologies
Macro Analysis / Global

What share for gold? On the interaction of gold and foreign exchange reserve returns

Gold investments still form a significant share of central banks and governments' FX reserve portfolios. We ask whether this high share is justified from a risk-return standpoint, while investigating the variety of factors that make this a difficult...
Bank for International Settlements
Main Feed 26 November 2020
Macro Analysis / Global

Green and ESG bonds: what’s behind their rise?

Green bonds have been attracting attention for some time, being a key element of the development and growth of sustainable or environmental, social and governance (ESG) investing in fixed income. With economies hurting badly due to Covid-19 lockdowns...
Schroders
Insights 26 November 2020
Green and ESG bonds: what’s behind their rise?
Green and ESG bonds: what’s behind their rise?
Macro Analysis / Global

France: household confidence hits bottom in November but December should be better

In November, French consumer confidence deteriorated sharply due to the second lockdown. In November, the indicator reached its highest level since June 2013. Bars, restaurants and sports facilities must remain closed until at least 20 January 2021....
ING Think
ING Think 26 November 2020
France: household confidence hits bottom in November but December should be better
France: household confidence hits bottom in November but December should be better
Macro Analysis / Global

What weak bank lending and strong deposit inflows mean for the ECB

Today’s October ECB monetary data shows that bank deposit inflows remain elevated, while net bank lending to businesses was weak in most countries. Lending to households has been holding up well this year, while business lending has understandably di...
ING Think
ING Think 26 November 2020
What weak bank lending and strong deposit inflows mean for the ECB
What weak bank lending and strong deposit inflows mean for the ECB
Problem based learning

Sign up and get unlimited access to our articles. It’s free and easy.

This morning's briefing

Biden seems set to thaw US-Cuba relations.
The US President-elect's rhetoric suggests he wants to move back to Obama-era policies on Cuba, but Joe Biden will need to tread very carefully if he wants to do so while still giving the Democrats a chance of winning back Florida in 2024. Latinos now account for 17% of Florida’s registered voters, up from 12% when Obama won the state for the first time in 2008. And Cuban-Americans, who turned out for Trump in huge numbers, account for nearly one-third of those. Get the full story →
Biden seems set to thaw US-Cuba relations.
Bitcoin slumps after surging to all-time record.
Despite the retreat, Bitcoin has more than doubled this year and hit as high as US$19,510 until recently. For those concerned that very loose monetary and fiscal policy is going to lead, ultimately, to much higher inflation and the erosion of the fiat value of money, Gold and – much more controversially – Bitcoin have offered alternatives to equities, bonds, cash, and real estate. For more on the big factors driving market performance this month, see our November strategy monthly. Get the full story →
Bitcoin slumps after surging to all-time record.
Indonesia seeks to raise US$15bn in new sovereign wealth fund.
The country has approached US private equity firms like Blackstone and Carlyle among others, according to reports. This looks set to test investor appetite and follows closely on the sweeping structural reforms passed last month. We said at that time that Indonesia perhaps merits a revisit and a venture into Indonesia stocks could also provide a welcome increase in available trading liquidity for FEM and FM funds. Get the full story →
Indonesia seeks to raise US$15bn in new sovereign wealth fund.
Xi congratulates Biden on election win, finally.
The Chinese government had formally congratulated Biden on November 13, but not Xi himself. This leaves Russian President Putin among the few world leaders who have not yet acknowledged Biden’s win, even as Donald trump continues to challenge the results. When it comes to China and Russia, however, we maintain that Biden’s policies may not change much from Trump’s, and tensions may persist. Russia has already criticised Biden for saying that Russia is the biggest threat to US security. On China, the US may lean less on unilateral or ad hoc tariffs under Biden. Get the full story →
Xi congratulates Biden on election win, finally.
Big Tech scrutiny intensifies in Europe.
Companies that break new EU rules aimed at curbing their power could be fined, ordered to change their practices or break up their business in Europe, according to Thierry Breton, the European Commissioner for Internal Market. This adds to tech companies already under regulatory pressure in the continent. Meanwhile the French government has sent out notices to big tech companies to pay its digital service tax, which will hit companies like Facebook and Amazon, as planned in December – the tax had been suspended earlier this year while negotiations were underway at the OECD for an overhaul of international tax rules. With such Big Tech crackdown underway, we take a quick tour of the main pinch points. Get the full story →
Big Tech scrutiny intensifies in Europe.
In case you missed it

This morning's briefing

Biden seems set to thaw US-Cuba relations.
The US President-elect's rhetoric suggests he wants to move back to Obama-era policies on Cuba, but Joe Biden will need to tread very carefully if he wants to do so while still giving the Democrats a chance of winning back Florida in 2024. Latinos now account for 17% of Florida’s registered voters, up from 12% when Obama won the state for the first time in 2008. And Cuban-Americans, who turned out for Trump in huge numbers, account for nearly one-third of those. Get the full story →
Biden seems set to thaw US-Cuba relations.
Bitcoin slumps after surging to all-time record.
Despite the retreat, Bitcoin has more than doubled this year and hit as high as US$19,510 until recently. For those concerned that very loose monetary and fiscal policy is going to lead, ultimately, to much higher inflation and the erosion of the fiat value of money, Gold and – much more controversially – Bitcoin have offered alternatives to equities, bonds, cash, and real estate. For more on the big factors driving market performance this month, see our November strategy monthly. Get the full story →
Bitcoin slumps after surging to all-time record.
Indonesia seeks to raise US$15bn in new sovereign wealth fund.
The country has approached US private equity firms like Blackstone and Carlyle among others, according to reports. This looks set to test investor appetite and follows closely on the sweeping structural reforms passed last month. We said at that time that Indonesia perhaps merits a revisit and a venture into Indonesia stocks could also provide a welcome increase in available trading liquidity for FEM and FM funds. Get the full story →
Indonesia seeks to raise US$15bn in new sovereign wealth fund.
Xi congratulates Biden on election win, finally.
The Chinese government had formally congratulated Biden on November 13, but not Xi himself. This leaves Russian President Putin among the few world leaders who have not yet acknowledged Biden’s win, even as Donald trump continues to challenge the results. When it comes to China and Russia, however, we maintain that Biden’s policies may not change much from Trump’s, and tensions may persist. Russia has already criticised Biden for saying that Russia is the biggest threat to US security. On China, the US may lean less on unilateral or ad hoc tariffs under Biden. Get the full story →
Xi congratulates Biden on election win, finally.
Big Tech scrutiny intensifies in Europe.
Companies that break new EU rules aimed at curbing their power could be fined, ordered to change their practices or break up their business in Europe, according to Thierry Breton, the European Commissioner for Internal Market. This adds to tech companies already under regulatory pressure in the continent. Meanwhile the French government has sent out notices to big tech companies to pay its digital service tax, which will hit companies like Facebook and Amazon, as planned in December – the tax had been suspended earlier this year while negotiations were underway at the OECD for an overhaul of international tax rules. With such Big Tech crackdown underway, we take a quick tour of the main pinch points. Get the full story →
Big Tech scrutiny intensifies in Europe.
Most Viewed