Hints and tips:
...Italy, which has the highest debt burden among major eurozone economies, will also struggle to reduce it, according to Morgan Stanley economists....
...Morgan Stanley economists on Friday estimated the ECB and national central banks of the eurozone would make combined losses of €62.2bn this year, up from €56.6bn last year....
...Stephen Stanley, chief US economist at Santander Bank, said that any impact was likely to be small....
...“Those factors that were also weighing on R-star — lower birth rates and lower productivity — have not abated,” said Jens Eisenschmidt, a former ECB economist now at Morgan Stanley....
...But economists at Morgan Stanley this week forecast eurozone growth of 0.5 per cent for next year, while those at Barclays predicted it would be just 0.3 per cent....
...Jens Eisenschmidt, chief European economist at Morgan Stanley, has forecast the ECB will cut PEPP reinvestments by half for six months in April before ending them completely in October....
...“I don’t think that any of them are ready to put up a banner that says ‘mission accomplished,’” says Seth Carpenter, who previously worked at the Treasury department and the Fed and now at Morgan Stanley...
...Sotheby’s “strenuously denies all claims,” confirms its counsel, Marcus Asner of Arnold & Porter....
...Martin Arnold...
...Jens Eisenschmidt, chief Europe economist at Morgan Stanley, predicted the central bank could start shrinking this pandemic emergency purchase programme in January next year and completely stop reinvestments...
...Here are the full details from Martin Arnold in Frankfurt. 4....
...Miller joins from Morgan Stanley, while Richard was previously at RBC....
...“It is harder to communicate with one voice when there is a whole range of views out there,” says Jens Eisenschmidt, chief Europe economist at US bank Morgan Stanley who worked at the ECB until last year...
...Morgan Stanley economist Jens Eisenschmidt predicted the ECB would cut this year’s inflation forecast to 5.8 per cent....
...“Gas markets in Europe remain a key risk,” said Chiara Zangarelli, an economist at Morgan Stanley....
...“Banks might be taking a bit longer to assess their repayments policies, hence we expect more early repayments to come in December and January,” said Jens Eisenschmidt, chief Europe economist at Morgan Stanley...
...“Following a few months of falling price pressure in manufacturing and services, the October print shows an overall stabilisation,” said Jens Eisenschmidt, chief European economist at Morgan Stanley....
...Seth Carpenter, who spent 15 years at the Fed and is now the global chief economist at Morgan Stanley, says that most central banks are getting near their peak policy rates, one that is likely to cause a...
...Sylvia PfeiferIf you don’t want Arnold Schwarzenegger out there....
...“It is all about distribution,” said Jens Eisenschmidt, chief European economist at Morgan Stanley, who used to work at the ECB....
...now the ECB is raising rates above zero, it will allow lenders to make €28bn of risk-free profits by simply placing money they borrowed back on deposit with it, according to estimates by US bank Morgan Stanley...
...Martin Arnold Did growth in US services activity slow last month?...
...David Adams, head of G10 FX strategy at Morgan Stanley, said the rising bets against the euro also reflected the role of the dollar as “a safe port in a storm” as well as the fact that the US is not as exposed...
...Markus Guetschow, an economist at Morgan Stanley, said: “We expect both Germany — and the euro area more broadly — to tip into a technical recession from the fourth quarter of 2022, even without a complete...
...One person briefed on the matter said the ECB estimated the total gain available to banks was almost half the maximum estimate by Morgan Stanley....
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