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2021/07/22 / Erste Group Research

Important events ahead: is the sentiment about to turn on the capital market?

While spreads are still relatively stationary on the credit market, the cash high-yield spreads on the corporate bond market in particular have been on a moderate rise since the beginning of the week. Today's ECB meeting in particular remains important here. For the time being, we expect no change in monetary policy and continued low financing costs.

New Corona restrictions could weigh on sentiment. The first flash estimate of the EZ Purchasing Managers' Index will show first reactions on Friday (23/7).

The earnings trend for European companies is currently upwards and should support risk premiums.

Special topics of the week:
- Package of measures for sustainable finance

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General information

AuthorErste Group Research
Date2021/07/22
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focus-
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