-
Summary
Diverging inflation and interest rates, alongside geopolitical and economic uncertainty are making forecasting extremely difficult, leading to more variable market expectations than usual for the rest of 2024 and beyond.
After signaling its intention to cut policy rates in January, the Federal Reserve saw its officials conclude earlier in May that they wouldn’t begin rate cuts in the face of a sticky inflation situation. European central banks have already begun to reduce rates, leading to a potential decoupling of monetary policy from the US.
In this webinar, we will cover the latest market observation from our data and key indicators and discuss the impact on risk assets from shifting interest rates.
Key highlights:
- The latest expectations on rate-cuts and refinancing risk
- Which types of data reveal the sectors that are most exposed to refinancing risk?
- What impact do the anticipated rate cuts have on global corporate defaults?
- The outlook for M&A and investor activism
- Can investors avoid bad credits that destroy value in a portfolio?
Speaker
S&P Global Market Intelligence
Ken Wattret
S&P Global Market Intelligence
Vice-President, Global Economics
Ken Wattret is the Global Economist within the Analysis and Insights team at S&P Global Market Intelligence.
Ken Wattret is the Global Economist within the Analysis and Insights team at S&P Global Market Intelligence.
Ken oversees global economic forecasting and analysis and supports a broad spectrum of corporate and financial clients. Ken has worked as an economist in the financial sector since the early 1990s including for HSBC and BNP Paribas where he was the head of market economics for the euro area. Prior to joining IHS Markit (now part of S&P Global) as Chief European Economist in 2018, Ken was a Managing Director of Global Macro at TS Lombard, an independent research provider. He is a well-known commentator in financial media.
Ken received his honors degree in economics from the University of Sheffield and holds post-graduate qualifications in finance.
S&P Global Market Intelligence
Matt Chessum
S&P Global Market Intelligence
Director, Securities Finance
Matt Chessum is a director within the securities finance team at S&P Global Market Intelligence. Previously, for over ten years, Matt was an Investment Director at abrdn where his main responsibilities included overseeing the securities lending activity and the management of GBP denominated Money Market mandates.
Matt also worked at BNP Paribas Securities Services as a securities lending trader as well as Barclays Global investors and BNP Paribas Securities Services in Paris, as a member of the securities lending back and middle office teams. His main responsibilities included settlements, collateral management and reconciliations.
Matt is a former member of the Bank of England's securities lending committee and a former board member of the International Securities Lending Association (ISLA).
Matt has a BA (Hons) in European Business from the University of Portsmouth and a Maitrise from the École Supérieure de commerce in Bordeaux.
S&P Global Market Intelligence
Gavan Nolan
S&P Global Market Intelligence
Executive Director, Business Development and Research, Fixed Income Pricing
Gavan Nolan, a specialist in credit markets, is an Executive Director responsible for business development and co-heads research for Fixed Income Pricing at S&P Global Market Intelligence.
A published author, Gavan has written about the credit markets from the accounting scandals of the last decade through the financial and European sovereign debt crises. He is a well-known commentator on the credit default swaps (CDS) markets, including credit fundamentals and CDS mechanics, in particular ISDA definitions, credit events and auctions. He has been a frequent contributor to both print and broadcast media, and quoted in Financial Times, Wall Street Journal, Daily Telegraph, Bloomberg, Reuters, Dow Jones, Global Capital, CNBC and BBC's R4 Today programs. Gavan played a key role in developing the Markit CDS pricing product, the leading service in the CDS market. Prior to joining Markit in 2003, now S&P Global, he worked at J.P. Morgan and TD Securities in a variety of fixed-income roles.
Gavan holds a Bachelor of Science in Economics from Queen Mary College, University of London, UK
Carmen Lilly
Director, Product Management & Development
Carmen is the Market Development team lead for Corporate Solutions across the S&P Global business units.
Carmen is the Market Development team lead for Corporate Solutions across the S&P Global business units. She has been with S&P Global since 2009 and carries vast expertise in product management and development for several disciplines and segments.
Event Support