Out now: our
zeb.market.flash 🥳
The 49th issue of our
zeb.market.flash gives you a concise 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 in Q2 2024. Additionally, it includes an in-depth analysis of 𝐨𝐮𝐫 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐭𝐨𝐩𝐢𝐜 “ESG transformation advancing but still in progress”. 🌿
And here is what this issue is all about:
𝐒𝐭𝐚𝐛𝐢𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐬𝐭𝐚𝐫𝐭 𝐢𝐧𝐭𝐨 𝟐𝟎𝟐𝟒
➡With EUR 6.5 bn, the market cap of global top 100 banks stabilises slightly above the previous quarter’s record value.
➡Western European credit institutions once again outperformed their U.S. peers in terms of profitability, exhibiting an ROE of 13.5% in Q1 24.
𝐄𝐂𝐁 𝐬𝐭𝐚𝐫𝐭𝐬 𝐫𝐚𝐭𝐞-𝐜𝐮𝐭𝐭𝐢𝐧𝐠 𝐰𝐡𝐢𝐥𝐞 𝐔.𝐒. 𝐅𝐞𝐝 𝐫𝐚𝐭𝐞 𝐢𝐬 𝐮𝐧𝐭𝐨𝐮𝐜𝐡𝐞𝐝
➡In Q2 24, inflation is expected to further decrease in Western Europe and Germany, reaching levels of 2.3% YoY and 2.6% YoY, respectively.
➡Long-term yields in the euro area and the U.S. shifted upwards in Q2 24 in light of the persistently high level of uncertainty regarding future inflation.
𝐄𝐒𝐆 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐝𝐯𝐚𝐧𝐜𝐢𝐧𝐠 𝐛𝐮𝐭 𝐬𝐭𝐢𝐥𝐥 𝐢𝐧 𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬
➡Regarding ESG, regulatory and political initiatives but also customers and investors have increased the demands directed at banks in recent years.
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