Macro
Search catalysts, news stories, and pressures, or browse the trust-weighted news feed below.
month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.15 | +0.15 | +0.10 | +0.15 | -0.81 | +0.15 | +0.10 | -0.79 | +0.15 | -0.77 | +0.10 | +0.05 |
Credit Suisse’s guilty plea on tax evasion has weighed on the sector’s reputation, reinforcing regulatory scrutiny on cross-border banking practices. However, the market has priced in the penalty as an isolated legacy issue, with broader financial conditions supported by resilient capital markets and strong deal pipeline visibility. Sentiment edged up as systemic implications were deemed limited, allowing near-term fundamentals to drive a modestly positive read.
How this mood is scored ▾
Portugal is injecting €4.9 billion into Banco Espirito Santo (BES) to split it into a 'good bank' (Novo Banco) and a 'bad bank' holding toxic assets linked to the Espirito Santo family. The move, funded by a state-backed resolution fund, aims to protect depositors and avoid taxpayer losses, but highlights lingering vulnerabilities in Europe’s banking sector despite recent reforms.
Rising Ebola concerns and disappointing U.S. economic data, including a retail sales decline and soft inflation, triggered a flight to safety, driving Treasury yields sharply lower and roiling equity markets. Investors slashed GDP growth forecasts and delayed expectations for Fed rate hikes, with market focus shifting to upcoming data releases and central bank policy outlook.