DCM foresees a tougher market

Pain from Brexit, higher interest rates, quantitative easing ending and political strains in the EU will all lead to more volatility in 2019, according to 22 heads of debt capital markets in the EMEA market, including 18 of the top 20, in Toby Fildes’ annual outlook survey. And that’s before Donald Trump, Vladimir Putin and Mohammed bin Salman get going. There is some good news, however: financial institutions are set to be big issuers, and the DCM heads expect to be net hirers...