Download PDF What is an emerging market? The term “emerging market” was first coined by Antoine Van Agtmael, a former economist at the International Finance Corporation, in the early 1980s. At the time, Van Agtmael was working on a project to identify new investment opportunities for the IFC, which was Read more…
Download PDF Introduction Allegations against one of India’s largest conglomerates have sent shockwaves throughout India and the rest of the world. Gautam Adani, an Indian industrialist, and billionaire was ranked the 3rd richest person in the world only last month. He has now fallen to the 25th spot as almost Read more…
Download PDF Introduction Emerging Markets have long been just that: markets that are only just in the process of becoming developed, and are still lagging behind established market economies. Recently, however, the pace of development has increased drastically in these economies, particularly in their technology sectors. Reasons for this are Read more…
Download PDF An introduction to steel making and its impact on global greenhouse gas emissions The steel industry is of key importance for the global economy as steel is a key input in many other industrial sectors essential to the functioning of the wider economy, such as mechanical and electrical Read more…
Introduction This is the second and last part on BSIC’s report about the oil industry. In this article, we set out to discuss the most relevant determinants of oil demand in the short to medium term. We analyze the effects that a predicted economic slowdown would have on the consumption Read more…
Industry overview One of the core Indian industries is the automotive industry. In 2016, India was the World’s 6th vehicle manufacturer with a total production of 24 million units and the 5th biggest passenger vehicle market. In the same year, this sector accounted for 7.1% of the country GDP, 27% Read more…
United States US stocks took a break after last week gains. The S&P 500 fell 0.3% closing the week at 2355.54, while large-caps were flat with the Dow Jones at last week’s levels. One of the major drivers of financial markets was the FED releasing the minutes of its mid-March Read more…
Vodafone Group Plc (VOD:NASDAQ) – market cap as of 31/03/2017: £55.39bn ($69.48bn) Idea Cellular Ltd (IDEA:NSE) – market cap as of 31/03/2017: INR 309.51bn ($4.78bn) Introduction Vodafone Group PLC, a global provider of telecommunication services, and Idea Cellular Ltd, an Indian telecommunication company, announced their intention to join forces to Read more…
The TMT market underwent profound changes during the last years, consolidating the best practice businesses and asking for a reshape of the others. That is the case of Nokia (NOK). In fact, it gave up to Microsoft the Devices & Services division in 2013 and, at the beginning of August Read more…
Brent and WTI are the two most largely traded qualities of Oil. We will see that they are different not only in the quality and price, but also in the main drivers of their performance. Brent is a relatively light and sweet quality, originally extracted in the Northern Sea and Read more…
[edmc id=998][/edmc] BSIC MARKETS DIVISION MACRO VIEW US This week’s US data releases showed improvement in the economic sentiment: GDP and labour market confirmed our view on US Economy. The second estimate of third-quarter GDP was revised from 2.8% to 3.6%. However, we must point out that positive GDP growth Read more…
There seems to be a consensus in the market that the Fed will gradually start tapering in the next few months (our guesses at BSIC is in December). Therefore it is time to understand what could happen to markets and get prepared. What could happen on the equity market in Read more…
The main idea of the trade is to buy IND and sell USD, implementing what in jargon is called a carry trade. In the chart above we can see the 3-month trend of this risky pair, which has actually been under the spotlight in the past couple of months since Read more…