Research Detail
| 2019/07/25 / Erste Group Research |
Credit Markets Weekly | It’s the ECB’s move now Leading economic indicators have been weakening for months. Thus the manufacturing purchasing managers' index for Germany declined to the weakest level in seven years in July. However, contrary to the usual market response, credit spreads have tended to tighten up until now. The main drivers of this trend were hopes for an agreement in the US-China trade dispute and recently above all expectations that central banks will once again ease monetary policy. It is open to question whether these high investor expectations will be fulfilled either on Thursday (ECB Council meeting: 25 July) and/or on Wednesday next week (FOMC: 31 July). Special topic of the week: - OeBB-Infrastruktur: S&P affirms rating of AA+, stable |
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General information
| Author | Erste Group Research |
| Date | 2019/07/25 |
| Language |  |
| Product name | Credit News |
| Topic in focus | Credits/ Corporate bonds |
| Economy in focus | Austria, Eurozone |
| Currency in focus | Euro |
| Sector in focus | - |
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