| César Pérez Ruiz, Head of Investment & CIO, on key investment themes for the coming year—Who pays the bill?, Losers’ revenge, and More of the same. |
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House View, November 2020
2020-11-10
The upsurge in covid-19 cases will likely hurt global economic prospects in the current quarter. With a Democrat ‘blue wave’ failing materialise in the US elections, hopes of a substantial spending bill have faded and there is risk that US household incomes suffer as existing support measures fade. In the meantime, covid-19 infections continue surge in the US.
Weekly View – A sure thing
2020-10-27
Signs from last week’s SURE programme to finance partial unemployment schemes are highly encouraging for the EU’s plans for recovery fund issuance which could start, we believe, in mid-2021. Last week’s SURE issue was close to 14 times oversubscribed at a rate lower than that for French government bonds of comparable duration.
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