Monthly M&A Review – July/August 2023
Over the summer, market volatility has increased (especially in August), reflecting renewed stress in the Chinese property market, weak Chinese macroeconomic data and an increase in sovereign bond yields.
Monthly M&A Review – May 2023
After a strong run since October, Europe ex-UK equites fell 2.1% over the month. Core inflation remained stubbornly high in Europe and the prospect of sustained strong wage growth has fuelled investor concerns that central banks could tighten further.
Monthly M&A Review – April 2023
Equity markets continued their rally and have now broadly recovered from the tumult in March. However, core inflation increase by 0.1 percentage points, meaning that markets think that the European Central Bank has more to do.
An increasingly tightening central bank policy could become an issue for dealmakers in the coming months as rising interest rates triggers a re-pricing of assets across the market.