Global weekly: Countdown till December
Expectations continue to build that the US Federal Reserve and the European Central Bank will continue to move their policies in different directions in December. The minutes of their last meetings add to these expectations, and reveal inflation worries within the ECB.
Investment Strategy November 2015
At its meeting on 12 November, the Global Investment Committee reduced risk by moving the strong overweight in equities to a less pronounced overweight. In the balanced profile-3 portfolio, this amounted to a reduction in equities of 5%. The proceeds were invested in bonds, an asset class which remains strongly underweight.
Global weekly: More divergence ahead
Central banks continue to dominate markets. In December, the paths of the European Central Bank and the US Federal Reserve will further diverge, as the ECB adds to its accommodating monetary policy and the Fed hikes rates for the first time since 2006.
Offer period for initial public offering ABN AMRO to start today, first trading expected on 20 november 2015
You can find the full press release and other related information on the special IPO section of our ABN AMRO corporate website.
ABN AMRO reports EUR 509 million underlying net profit for Q3 2015
‘In the third quarter of 2015 we raised our financial targets, posted a good set of financial results, successfully raised EUR 1 billion of Additional Tier 1 capital and continued preparing for the bank’s intended IPO.'
Global weekly: Aren’t markets ‘Fed up’ yet?
Speculations around policies of the major central banks hold sway of financial markets for a while now. Expectations have risen that the Fed may lift its interest rate in December. Bond markets retreated this week, whereas equity markets continued to recover.
Supervisory authorities complete Dubai investigations and impose fines
ABN AMRO announces today that the supervisory authorities in the Netherlands and Dubai have completed their investigations into the previously ascertained irregularities at its Private Banking office in Dubai.
Global weekly: Following different paths
Central banks in Europe and the US seem to headed in opposite directions, with the ECB hinting at more stimulus and the Federal Reserve weighing the timing of a first rate hike. Bond yields rose after the Fed signalled on Wednesday that a December rate hike cannot be ruled out. Equity markets mostly moved sideways this week.
NLFI and ABN AMRO announce intention to proceed with an Initial Public Offering of ABN AMRO on Euronext Amsterdam
All press releases related to ABN AMRO's intended IPO can be found on the following site:
Global weekly: No more wait and see
ECB President Mario Draghi surprised markets this week with his readiness to expand the central bank’s stimulus programme, including a further cut in rates. The news buoyed equity markets.