Strategists cautiously bullish on US and European equities

Equity derivatives strategists are bullish on equities in the short term as European business confidence is high and US markets bask in the afterglow of tax reform passed by President Donald Trump. But questions remain over how long the US equity bull run can continue, with some experts encouraging more cautious long positions this year.

  • By Costas Mourselas
  • 11 Jan 2018

Implied equity volatility, which measures the markets' expectations of how equity prices will fluctuate, remains extremely low in the US and Europe.

The VIX, an equity fear gauge based on the S&P 500, was at 9.81% at 5.53pm GMT on Thursday. On Wednesday, the index flirted with 10.5%, ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 134,174.05 511 7.88%
2 JPMorgan 128,971.84 533 7.57%
3 Bank of America Merrill Lynch 114,226.50 384 6.71%
4 Barclays 99,213.66 356 5.83%
5 Goldman Sachs 97,629.05 275 5.73%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 20,423.32 23 9.47%
2 SG Corporate & Investment Banking 14,215.71 38 6.59%
3 Deutsche Bank 13,118.70 35 6.08%
4 Bank of America Merrill Lynch 12,117.87 27 5.62%
5 Citi 11,366.88 31 5.27%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Goldman Sachs 5,907.08 27 10.40%
2 JPMorgan 4,381.89 22 7.72%
3 Citi 4,165.68 23 7.34%
4 Deutsche Bank 4,050.74 23 7.13%
5 UBS 2,626.72 9 4.63%