jmoussavi

About Julien Moussavi

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So far Julien Moussavi has created 29 blog entries.

Argentina acclaimed by the markets for its first 100-year bond

Argentina acclaimed by the markets for its first 100-year bond

A little more than a year after the end of the long saga of Argentine debt, Buenos Aires continues to be tested by the financial markets. The Macri government has just completed a 100-year bond issue in USD. This event that would have been impossible even [...]

By |July 20th, 2017|Categories: Analyst's Insight|Tags: , , |

ECB Economic Bulletin: From economic to political concerns!

On Wednesday June 21st, the European Central Bank (ECB) released its regular Economic Bulletin in which the Frankfurt-based central bank said fresh concerns have arisen as old ones fade. Indeed, risks to global growth appeared to have diminished, notably with financial markets that are so far accommodating to the Federal Reserves (Fed) tightening without problems. [...]

By |June 22nd, 2017|Categories: Analyst's Insight|Tags: , , , , , , , |

Fed funds hike: Do old pipes really give the sweetest smoke?

On Wednesday June 14th, the Federal Reserve (Fed) has raised short-term interest rates for only the fourth time in more than 10 years (i.e., since the global financial crisis) and for the second time in 2017, stepping up the pace of tightening while inflation expectations are moving in the opposite direction that the Fed wants [...]

By |June 15th, 2017|Categories: Analyst's Insight|Tags: , |

Switzerland: A major shift from nuclear to renewables but the horizon is still a blur!

On Sunday 21st of May, the Swiss voted for the second time in the last six months on a major energy issue. According to the last provisional final figures after Sunday’s referendum, a full 58.2% of Swiss voters supported the new law on energy, with only four of the country’s 26 cantons voting “No”. Doris [...]

By |May 24th, 2017|Categories: Analyst's Insight|Tags: , , , |

April 2017 IMF World Economic Outlook: Gaining momentum or gaining protectionism?

In delivering the spring version of its well-known World Economic Outlook, a broad report on the international economy that is updated two times a year, the IMF underlined that global economic growth will accelerate in 2017 as investment, manufacturing and trade rebound. Indeed, world growth is expected to rise to 3.5% in 2017 and 3.6% [...]

By |April 20th, 2017|Categories: Analyst's Insight|Tags: , , , , , , |

2017 French presidential platforms: What about energy?

The first round of the French presidential election will take place on April 23rd and it is time to take a closer look at the energy proposals of the five main candidates who are leading in opinion polls, i.e., François Fillon (Les Républicains-UDI, center-right), Benoît Hamon (Parti Socialiste-Europe Ecologie-Les Verts, left), Marine Le Pen (Front [...]

By |April 13th, 2017|Categories: Analyst's Insight|Tags: , , , , |

Investment in the Eurozone to move from a cyclical to a sustainable recovery: It’s now or never!

What is missing in the Old Continent to move from a cyclical recovery to a strong and sustainable recovery? Investment! Even if the answer seems obvious, investment is still lacking in the Eurozone. Yet, from a cyclical point of view, all the planets seem to be aligned to restart investment. Indeed, according to Eurostat in [...]

By |April 6th, 2017|Categories: Analyst's Insight|Tags: , , , , , , , |

ECB: towards less monetary easing? Not yet!

On Thursday March 9th, the ECB has left interest rates on hold and pushes on with QE, despite a strong acceleration in the Eurozone headline inflation (+2% in February). This acceleration is largely due to the recent rise in oil prices and on foodstuffs, the more volatile components of the headline inflation. As Mario Draghi [...]

By |March 9th, 2017|Categories: Analyst's Insight|Tags: , , , , |

The bond market calls for a Fed funds hike as of… March!

On Tuesday, officials of the Federal Reserve (Fed) reinforced market expectations of a rate hike from the next Federal Open Market Committee (FOMC) meeting which will take place on March 14-15. New York Fed chairman William Dudley, among the most influential central bankers, told CNN that the need for tightening monetary policy had “become a [...]

By |March 2nd, 2017|Categories: Analyst's Insight|Tags: , , , , , , |

ECB: how far will Ms. Yellen go in 2017?

On December 15, 2016, the FOMC voting members raised interest rates for the first – and last – time this year. It was the first unanimous decision since July. This 25 bps hike brings the target for the fed funds rate to a range of 0.50% to 0.75%. the American central bank said monetary policy [...]

By |December 15th, 2016|Categories: Analyst's Insight|Tags: , , , , , , |