The NIC’s December Newsletter is here!
In our Macro Overview section, analysts from both divisions will cover broad macro themes while reviewing major economic news from the past month. In our Deeper Dive section, Pedro Santos Vitor, elaborates on the entanglement the European Union finds itself over recovery plans. Moreover, in our Regional View, António de Castilho Lima, examines the impact on US markets of a month of November with presidential elections and an on-going pandemic.
Our Investment Banking Division will guide you through November’s M&A overall activity. Read about Marvell Technology Group to acquire Inphi Corp, S&P Global Inc acquiring IHS Markit Ltd, and Traton finalising the acquisition of Navistar. Additionally, get a detailed overview on what happened to Repsol and Mastercard, as well as consider our opinion on the upcoming Private Equity’s tax reforms.
Our Financial Markets Division will present the monthly results of the NIC Fund, an active relative return fund investing across three different asset classes: Equities, Fixed Income, and Commodities. The analysts will also provide commentary on each of the four major asset classes through analysis of the past month’s major market moves. The overall performance of the NIC Fund in November was positive, with a cumulative return of 7.32%. A gain that can be mainly attributed to the recovery of Equities.
On the Hot Topics of this month, Fitore Zeciri, our Head of Communications, examines China’s digital currency electronic payment project, while Hannes Stingel, elaborates on the RCEP trade deal and its geopolitical sign for the global economy. Lastly, on our ESG review in collaboration with Nordea, Daniele Notarnicola, our Head of Corporate Relations, writes about Transition bonds and their use for financial markets.
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