The Turkish lira is expected to be among the emerging market currencies hardest hit by the global economic downturn, a report by Societe Generale says. In the short term, the pound and the currencies of other developing countries face fresh problems, according to a report by Societe Generale strategists. The French bank said the Turkish […]
Tag: Societe Generale
Bini Smaghi (Societe Generale): The ECB’s new tool to deal with the crisis should surprise the markets
The European Central Bank’s new anti-crisis tool should have the element of surprise to be effective in combating market pressure and avoiding the fragmentation of the eurozone, said former Executive Board member Lorenzo Bini Smaghi (Societe Generale). Bini Smaghi, who is now chairman of Societe Generale, said the use of the Securities Markets program in […]
SocGen, Citi: How well-founded are the hopes for an upgrade of Greece today by Fitch
Her Eleftherias Kourtalis Following the recent moves by S&P and DBRS which brought Greece just one rung ahead of investment grade, keeping within reach the government’s goal of regaining this milestone by 2023, the market hopes that similar positive news will be “heard” ” and from Fitch today. However, both Société Générale and Citigroup estimate […]
ING: Central banks are panicking, leading to a deep correction in the markets
The prospect of the Fed and other central banks being forced to raise interest rates more aggressively to curb inflation – as growth slows in most major economies – has rekindled fears of a global recession, analysts told CNBC. In addition to the Fed, the Bank of England, the Bank of Japan and the National […]
Société Générale: Liquidates its profits on Greek bonds
Her Eleftherias Kourtali Société Générale sees significant opportunities for further expansion of the region’s spreads due to the risk-off environment and the ECB’s policy change. As he notes, the recent trade he proposed to Greek bonds “made” profits and thus liquidates its positions. According to the French bank, the risk-off climate helped reduce the recent […]
Société Générale: How to make significant profits from Greek bonds
Her Eleftherias Kourtali Société Générale identifies opportunities from the turmoil that has hit Greek bonds due to the “turn” of the monetary policy of the European Central Bank, proposing to investors the trades that will benefit from the current slope of the Greek yield curve before it normalizes as it normalizes. In a new flash […]
The richest Russian oligarch ‘snatches’ the Société Générale
By John Hyatt Western sanctions have hit the “pockets” and portfolios of many Russian oligarchs, with the United States, the European Union and the United Kingdom targeting luxury homes, private jets and yachts. Vladimir Potanin, however, is still “untouched” by the above countries. Only Canada last week imposed sanctions on the “metal tycoon” and one […]
ING Groep and SocGen agreement to withdraw ING from operations in France
ING Groep and Societe Generale have announced that they have signed a final agreement on ING’s exit from the French retail banking market, which will allow its customers in online banking to be transferred to SocGen’s Boursorama. The Dutch bank said the deal includes a simplified account opening process and exclusive offers, as well as […]
Société Générale: One deletion and two ‘gifts’ will be brought by MSCI for Greece
Her Eleftherias Kourtali Société Générale expects changes in the Greek shares that will come in the next restructuring of the MSCI indices, with the good news for Greece, however, not expected during the rebalancing this month but next, that of May. According to the French bank, the share of Jumbo will be written off – […]
Société Générale: Greece will soon return to the investment stage
Her Eleftherias Kourtali Société Générale places Greece among the big winners of the house ratings in 2022 as it estimates that the country can reap the benefits of the progress of the reforms it has made in recent years and return soon to the investment level. As the French bank points out in today’s report, […]