Valeo proves reassuringly pragmatic ahead of macro maelstrom

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By Nigel Owen
11 Jun 2018

French vehicle parts supplier Valeo opened the corporate bond market alone this week when it sold a €600m seven year deal ahead of what one bank described as “the most important macro week of the year”.

The US Federal Reserve met on Tuesday and Wednesday, and raised interest rates to their highest level in nearly 10 years — and signalled that two more increases should be expected in 2018. The European Central Bank met on Thursday and announced the end of its QE programme ...

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