JPM: Italicum reform investors’ biggest threat
The outcome of Italy’s constitutional review is a bigger threat to markets than elections in France and the Netherlands, said JPM AM’s Mike Bell.
Italy
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PIMCO calls for €30bn injection into Italian banks
An equity injection of €30bn to €40bn could revive Italy’s beleaguered banks according to PIMCO’s global head of financial research Philippe Bodereau.
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PA ANALYSIS: Renzi relief could be short-lived
Markets appear to have shrugged off Sunday night’s referendum loss by Matteo Renzi’s government, and while this will cheer investors it is far from clear that the fallout has been contained.
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Markets muted as polls get Italy vote right
European markets were largely unmoved on Monday morning despite the Italian electorate’s decision to reject Prime Minister Matteo Renzi’s call for constitutional reform.
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PA ANALYSIS: Nothing left to fear for sterling as eurozone drama looms?
As the unfolding political drama in the eurozone takes centre stage after the Brexit vote and the US election, has sterling begun its road to recovery?
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Caution advised for bond investors as Italy referendum looms
Whereas equity markets have quickly shrugged off the result of the US presidential elections, peripheral bond spreads have widened since. Trump’s election seems to have reminded markets of the possible consequences of an Italian no-vote in next week’s referendum.
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Italian ABS do not bring same problems as banks – TwentyFour
TwentyFour Asset Management has reassured investors over its exposure to Italian asset-backed securities (ABS) in spite of the stress facing the country’s beleaguered banking sector.
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PA ANALYSIS: Italy now the real threat not Brexit
The Italian constitutional reform referendum this autumn will, or rather should, cause European investors to hold their breath more anxiously than they did on the morning of 24 June.
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Italian referendum of “critical importance” to European equities – Liontrust
The Italian referendum is more important for Italy’s future than the Brexit vote was for the United Kingdom’s, according to Olly Russ, head of European Income at Liontrust.
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Scandinavia in focus as Miton launches European fund
Miton is launching the CF Miton European Opportunities Fund on 14 December.
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Italy and tech biggest small cap winners
Italian and tech companies made the biggest share price gains among European small caps during March, according to Euromoney Indices.
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The search for fixed income relevance
The fixed income space is living through interesting times and it is becoming increasingly evident that new products are needed.