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Date
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July 20, 2022
Laws and Regulations,Technology

Apex: EU crypto crack-down ‘not a threat’ to Luxembourg

A recent European Union agreement to crack down on the “wild west” in international crypto markets is “not a threat for the Luxembourg crypto market,” according to a senior official at international fund services firm Apex Group. Representatives of the …
July 20, 2022
Investing

ECB seen doubling up with 50bp rate hike on Thursday

Pressed by persistently high inflation in the eurozone, the European Central Bank on Thursday may opt to double up on the 25 basis point rate hike that it has flagged already. Financial markets are increasingly bracing themselves for such a major …
July 19, 2022
News

‘Analysts overly upbeat on corporate profits’

Barely seven of the first 35 companies in the US S&P 500 index to release their second-quarter results subsequently have raised their earnings per share forecast for the third quarter. Are earnings expectations and analysts still too optimistic? Some 77 …
July 19, 2022
News,Wealth Managers

Modern pension funds embrace ESG as ‘good ancestors’

“ So are we going to be good ancestors? Or not?” Social responsibility, sustainability, ESG and SRI are more than buzzwords for the world’s leading pension funds. While some still question the current classifications, taxonomies and regulatory timelines, …
July 19, 2022
Asset Managers

‘Steward’ Nest seeks high standards in UK pensions

In the United Kingdom, the National Employment Savings Trust, known as Nest, is the country’s leading  defined contribution workplace pension scheme. It was set up to facilitate automatic enrolment as part of the government's workplace pension reforms …
July 18, 2022
News

Fitch affirms AAA rating for Luxembourg

Ratings agency Fitch Ratings has affirmed  its assessment of Luxembourg's government debt with a 'AAA' rating and a stable outlook. The firm announced late Friday that Luxembourg's ratings reflect its "exceptionally high income per capita", as well as its …
July 18, 2022
Products

'Agri commodities expensive for a long time to come'

The fact that agricultural commodity prices have risen very sharply in recent months does not mean that investors should expect an equally harsh decline. The precarious balance in the global chain keeps prices high. This offers opportunities for …
July 18, 2022
Opinion

Chart of the week: Negative surprises limit upside potential

Negative surprises put a cap on the upside potential, especially for equities. As a rule, investors react strongly to surprises, often shaped as economic data. After all, the consensus expectation should already be incorporated in the prices.  It is …
July 18, 2022
News

Crisis in Italy brings back fears of eurozone crisis

The eurozone looks increasingly weak. The euro slipped to parity with the dollar last week and a peripheral debt crisis threatens if interest rates rise sharply. With Italian Prime Minister Mario Draghi's departure announced on Thursday, the stability of …
July 15, 2022
Sector

Luxembourg banks post 20% jump in interest income

Rising interest rates and growing balance sheets have led to a rise of 20.1 percent in interest income for Luxembourg’s banks in the first quarter, according to data released by financial supervisor CSSF. The improvements however were not enough to …