ECB cuts interest rates 25bps to 3.5%
Industry commentators anticipate one more cut by the ECB this year
Investment
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Draghi sounds warning klaxons over continent
ECB president calls for closer ties to tackle ‘existential threat’ to EU
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Is retail about to hit the sweet spot? Hines thinks so
European investors may have been oblivious to a resurgence in retail real estate, Hines reports
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IIGCC: Policy changes needed to stimulate European steel
IIGCC identifies four areas it says could help support the European steel sector’s climate transition
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Aviva appoints fund manager to European Real Estate team
Kasia Tissot to join European Real Estate team
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Invesco launches MSCI World Equal Weight tracker
First UCITS ETF to track the world equal weight index
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EQT to shed $1.2bn of shares in Swiss skincare firm
Sale of around 13 million shares is being coordinated by Goldman Sachs, Morgan Stanley and UBS
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Inflation falls to 2.2% across Europe
However there is great variation across the region
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Defence investing booms from war in Ukraine
A third of ESG funds in Europe and the UK have increased their investments in the sector
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AllianceBernstein launches US large-cap portfolio for Europe
Fund to use approach of US Large Cap Volume Strategy
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German funds now holding over €4,300bn in assets
Assets have doubled in the past 10 years
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Norwegian sovereign wealth fund increases weight in bitcoin
Every Norwegian citizen owns about $27 worth of bitcoin due to the country’s sovereign wealth fund