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The Daily Capital Markets Digest
Yes, folks that’s it. While much of Europe has sweltered with record temperatures, the summer is nearly over in the UK as the mercury are already falling fast in the run-up to the August Bank Holiday. And what a summer it has been. Highlights included the latest Greek farce of June and early July, followed by the massive fluctuations in Chinese stocks and oil in August. The fact that UK is off on Monday means the month will come to an end with a bit of a whimper, but that gives us an opportunity to contemplate what might happen as the nights start to draw in over the autumn and early winter. Clearly the most pressing matter is the FOMC meeting on September 16/17. Will the Fed pull the trigger or not? Fed funds are still pricing in a 20% possibility that they will, so there is a small chance and some are advocating a 25bp hike to give the Fed some ammo should they need to tighten if the worse comes ...
Sweden’s Svenska Handelsbanken has priced three-tranche Samurai bonds to raise ¥66.8bn (US$556m), despite turbulence in the market during bookbuilding.
Ten reasons for Yellen to forge ahead.
Merck reopened the European corporate bond market with a punchy triple-tranche euro offering on Thursday, breaking several weeks of drought seen after volatility dashed hopes of a late-summer surge
Regulators are fast overstepping the mark and putting individuals at risk.
China’s volatile markets have everyone looking in the wrong direction.
Whether government or household, there is one thing we can’t do without: inflation.
What a week, and it’s not over yet.
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