Several developments in 2010 will linger well into 2011. My colleagues and BMI’s Oil and Gas Team see industry majors continuing their push into deepwater drilling and unconventional hydrocarbons, while cash-rich national oil companies keep looking for upstream opportunities. Depressed US gas prices are unlikely to move significantly in 2011, while Asia-Pacific remains the LNG… [Read more]
On this week’s Business Monitor Podcast, we revisit Central and Eastern Europe and our core macroeconomic strategy favouring Turkey and Poland. Has the region shaken off the structural imbalances which made it a focal point of crisis risks or is the positive convergence story no longer a core defining feature for the growth outlook? BMI’s… [Read more]
Over the past several weeks we have heard about the gloomy outlook for consumer demand in developed markets. Household deleveraging in the US and the growing debt crisis in peripheral eurozone states suggest that a return to robust demand levels will be hard to come by. In this context, we examine the outlook for the… [Read more]
The outlook for the eurozone is looking steadily worse. Key European economies have thus far failed to capitalise on the bounce in headline growth seen in the US and emerging markets. Concomitantly, a brewing sovereign crisis in Greece has highlighted serious problems of overleverage in Portugal, Spain and Italy. On this week’s podcast, Business Monitor… [Read more]
We have previously highlighted on Risk Watchdog how the aftermath of the global financial crisis has exposed the structural imbalances in many developed economies, while also singling out those emerging markets which are in a fundamentally sound position to exploit the global economic recovery. Poland and Greece are certainly two prime examples at opposite ends… [Read more]
China’s decision to tighten monetary policy on January 12 and weak corporate earnings reports out of the US have put a damper on bullish equity sentiment in Europe. That said, I still think upside momentum can carry further on a tactical basis. Two markets I particularly like are the Russian RTS and Polish WIG20. With… [Read more]
On Monday, November 9, much of Europe will be celebrating the 20th Anniversary of the Fall of the Berlin Wall and the catalyst it provided for the collapse of Communism on the continent. BMI’s Justin Patrie explains the significance of this event for Emerging Europe, and what the outlook is for the next 20 years… [Read more]
