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Capital Markets Market Trends Macroeconomic News

Debt: strong M&A and LBO activity to drive market forward despite looming rate-hikes

This is the second article in a series of three covering the outlook for capital markets in 2022. ECM were covered in the previous article. Look out for private equity and private credit next time, following on from today’s DCM overview. Moving into March, it’s already clear that staggering inflation […]

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Market Trends

The NTZO Failure: A new precedent in Green ETF Investment?

In early November 2021, the ‘MSCI Global Climate Select’ exchange-traded fund (ETF) was unveiled at the prestigious Glasgow COP26 summit. Traded under the title ‘NTZO’, the intention of the fund was to exclude companies with fossil fuel use entrenched in their production processes, whilst boosting holdings in companies with low […]

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Market Trends Macroeconomic News

Time to buy the dip… or sell the rip?

Views on the equity market outlook are extremely divided at the moment. Following a two-week rally from recent lows, the equity market again extended losses on Thursday after the release of the higher-than-expected CPI report and on Friday with the rising tensions from Ukraine. Despite the hawkish Fed which signalled […]

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Market Trends Macroeconomic News

Namibia’s Green Hydrogen Revolution

Namibia, the sparsely populated nation home to vast swathes of desert and sand dunes, is undertaking an ambitious project to be at the forefront of global green hydrogen production. The Namibian government recently stated Hyphen Hydrogen Energy as the preferred bidder to undertake the development of Namibia’s first vertically integrated […]

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Market Trends

The New Normal? Assessing the Impact of Flexible Working on Office Real Estate Markets

The US Bureau of Labour Statistics reports that nearly 50 million workers in the US stopped commuting and switched to working from home during the spring of 2020, resulting in an 850% increase in homeworking. Early data suggests these trends are here to stay, with companies expecting approximately 40% of […]

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Capital Markets Market Trends

Equity: IPO pipeline makes out for yet another strong year.

This is the first article in a series of three covering the outlook for capital markets in 2022. The sectors covered will be DCM, private capital markets, and – in this article – ECM. Equity markets in the last year have shown remarkable recovery from 2020. The S&P 500 grew […]

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Market Trends Macroeconomic News

Moving into a Tighter Economy: Faster than Expected

“It may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated.” 2022 starts with some disturbing news for investors: on January 5th, minutes from the Federal Reserve officials’ December meeting were released. Within which, they suggested the possibility of withdrawing […]

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Market Trends Macroeconomic News

Stagflation concerns: are the 1970s coming back?

Inflation is soaring in the world’s largest economies now. In the U.S., consumer prices are racing at their quickest level since the 1990s. In China, factory gate prices rose at the fastest pace in 26 years in October, beating forecasts and further squeezing profit margins for producers already grappling with […]

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Market Trends

Government insider trading – is the cynicism justified?

Officials at the US Federal Reserve have come under recent scrutiny following allegations of trading of non-public information. The Fed chair, Jerome Powell, swiftly took action to reassure onlookers and prevent any further perceived conflicts of interest, but the wider issue of government officials trading on insider knowledge remains a […]

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Market Trends Equity Research

Emerging markets: An update

Emerging market stocks are lagging behind those in developed economies by the most since 2013’s “taper tantrum”, having ended the third quarter of 2021 down 8.1%, the worst quarter since the first of 2020 when Covid-19 hit. On the year, MSCI’s Emerging market (EM) index is basically flat, in stark […]

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Market Trends

Retail Investing: Boon or Bane?

GameStop at its peak was the world’s largest video game retailer, with its stock priced at around $60 a share in 2006. The precipitous decline of physical retail due to the pandemic and the prevalence of Amazon and digital video game sales led to GameStop being valued at only $3 […]

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Market Trends Macroeconomic News

Arrivederci Alitalia: Italy’s long beleaguered national airline permanently grounded

October 15th saw Alitalia flight AZ1586 touch down at Rome’s Leonardo Da Vinci Airport and draw a close to the airline’s 75 year history. Since 2000 Italy’s national airline had only one profitable year and 2017 marked the beginning of the ultimate demise as state-appointed administrators stepped in to avoid […]

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Market Trends Macroeconomic News

Fed Tapering: Economic Recovery From The Pandemic

Looking back to the past 2021, the overall theme is recovery. With financial stimulus from governments across the world, liquidity was injected into the market. For example, for most of the past year and a half, the U.S. Federal Reserve has been buying at least $120 billion of bonds each […]

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Market Trends

Newcastle United takeover: a win for sportswashing or football?

On October 7th, a £300m takeover of Newcastle United by the Saudi Arabian Public Investment Fund (PIF) was completed. A Saudi-led consortium completed the deal for the Tyneside football club, almost two years after political and commercial controversies put an end to original talks. The takeover marks a key turning […]

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Capital Markets Market Trends

A Green Wave: Surge in Green Debt Issuance in September

September saw record-high green bond issuance as both sovereigns and corporates raised over US$40bn in debt capital markets for sustainable projects. This makes September the strongest month for green bond issuance in a year that has seen record-breaking issuances in every month so far. Green bonds are a type of […]

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M&A Deals Market Trends

What happened to Reebok?

For a brief period in the 1980s, Reebok was metaphorically the MVP of the all-star team of sneaker brands. It had designed the highly popular first fitness shoe targeted solely at women, the Freestyle Sneaker; it was repped by cultural icons like 50 Cent, David Bowie, Jane Fonda and Shaquille […]

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M&A Deals Market Trends Macroeconomic News

M&A Activity in China

With my time as CIBS Research Group Director coming to an end, I thought the most fitting way to write my last article would be to reflect back on my first. 2021 has marked the busiest-ever start to a year for M&A activity in China, with a record pace of […]

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Market Trends

Breaking bonds

We have seen an enormous amount of volatility within the bond market recently, inflicting fear onto investors who were preparing for a steady recovery from the pandemic. Most have taken it as a given that we will soon be able to return to normal with the rapid rollout of vaccines […]

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Market Trends

Ready for take-off

The travel industry has been one of the worst-hit during the pandemic, with lockdowns grounding flights, keeping cruises in docks, and tourists at home. A year into the COVID-19 pandemic, travel companies have made huge losses and they are yet to see revenues flooding back in. However, the success of […]

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Market Trends

Bitcoin: A digital store of value?

In 2009, a mysterious and anonymous whitepaper was published under the pseudonym Satoshi Nakamoto, which described the principle of a peer-to-peer and purely digital currency. It described advantages such as lower transaction fees than traditional online payment infrastructure and a shift to a decentralised authority, unlike government-issued currencies. Since Bitcoin […]

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Market Trends Macroeconomic News

The Biotech Boom

The biotech industry has stolen the limelight after being pushed to the forefront of people’s minds as the world races to manufacture vaccines and restore a sense of normality. Early this month, we passed a historic milestone – the number of Covid-19 vaccinations globally finally surpassed the total number of […]

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Capital Markets Market Trends

Chinese Capital: Domestic vs. Foreign Property Markets

China’s Property Bubble: Will it Stabilise or Burst? Long-sustained housing investment has been consistently observed in China over the last decade, which has prompted both fear and trepidation amongst economists, analysts and governments globally. The signs of overbuilding are apparent. The debt levels are high. At the peak of the […]

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Market Trends

The irony of Robinhood

The events of the past week (beginning 25th of January), have challenged the role that retail traders in the global financial markets have traditionally played. The demographic has never had as much influence as it currently does, as it disrupts spaces previously dominated by large institutions such as hedge funds, […]

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Market Trends

A Dangerous Game(Stop)

As of the time of writing, the current valuation of GameStop stands at 8.94bn USD with a closing price on January 28th of $193.60 per common unit — this is after a one-day drop of 44%. It truly is a sign of the times when in a short few days […]