July 22, 2024
European stock markets – hidden champion Germany
Region:
Europe
EU Monitor
Topic:
Banking and financial markets
Analyst:
Jan Schildbach
PDF666k
Many equity indices in Europe are close to record highs, despite stagnation in the real economy. Yet the structural picture is far from rosy. The continent’s share in global market cap continues to decline and there is a dearth of growth stocks from the tech industry. IPOs and follow-on transactions have been on a downward path over the past decade across Europe. The trade venue landscape remains fragmented. But there are important differences between European markets. The Nordic and Baltic countries, Switzerland and the UK have a large number of listed firms as well as high market caps compared to GDP. By contrast, the German market performs strongly in terms of IPO volumes, capital increases and liquidity. The DAX has outperformed all other major European stock indices over the long term. In addition, the German stock market has a solid valuation. It may therefore be a hidden European champion, overall. [more]
More documents contained in "EU Monitor"
106 (25-36)
EU elections countdown #3: Meet the EU(ro)sceptics
April 11, 2019
Region:
Europe
Topic:
Economic and european policy
Analyst:
Kevin Koerner
EU Monitor
25
Soft and hard EU(ro)sceptic as well as anti-establishment parties could account for one-quarter up to one-third of the seats in the next EP, according to our updated poll-based projections. [more]
Digital structural change and the welfare state in the 21st century
March 25, 2019
Region:
Europe
Topic:
Analyst:
Sebastian Becker
EU Monitor
26
While digitalisation does promise significant additional prosperity, it also threatens to lead to higher inequality. [more]
EU elections countdown #2: Tough race to the top of the European Commission
February 28, 2019
Region:
Europe
Topic:
Economic and european policy
Analyst:
Kevin Koerner
EU Monitor
27
The outcome of the EU elections and the composition of the new Parliament will significantly influence the nomination and election of the next President of the European Commission (EC). [more]
EU elections countdown #1: Brexit delay and the next European Parliament
February 13, 2019
Region:
Europe
Topic:
Brexit, Economic and european policy
Analyst:
Kevin Koerner
EU Monitor
28
Ahead of the May 23–26 European Parliament elections, the EU is surrounded by internal and external challenges, its leaders increasingly divided, and its integrity and credibility challenged by Eurosceptic and anti-European groups across the continent. [more]
The multiple stages of the blockchain revolution – or into the crypto future and back
December 12, 2018
Region:
International
Topic:
Digital
Analyst:
Jochen Moebert
EU Monitor
29
Since the rally in 2017, the buzzwords bitcoin and blockchain have been omnipresent in the public. Still, the understanding of how much potential the technology actually offers is often rudimentary. [more]
European Parliament elections 2019: The next “battle for Europe”?
October 24, 2018
Region:
Europe
Topic:
Economic and european policy
Analyst:
Barbara Boettcher, Kevin Koerner
EU Monitor
30
Accelerated by the consequences of the financial/economic and migration crisis, the influence of anti-European, anti-migration movements with a populist playbook in the EU is growing. [more]
Digital infrastructure: Bottlenecks hamper Europe's progress
October 12, 2018
Region:
Europe
Topic:
Digital, Sectors and resources
Analyst:
Eric Heymann, Kevin Koerner
EU Monitor
31
During the last few years, the expansion of digital infrastructure in the EU has been carried out more slowly and less comprehensively than politically intended. [more]
Brexit impact on investment banking in Europe
July 2, 2018
Region:
Europe
Topic:
Banking and financial markets, Brexit
Analyst:
Jan Schildbach, Kinner Lakhani, Orçun Kaya
EU Monitor
32
The UK’s exit from the EU will have significant repercussions for the financial industry, notably investment banking. London as the primary European hub is likely to lose its full access to the single market. [more]
PSD 2, open banking and the value of personal data
June 28, 2018
Region:
Europe
Topic:
Banking and financial markets, Digital
Analyst:
Heike Mai
EU Monitor
33
With the new Payment Services Directive ("PSD 2") of the EU, which entered into force on 13 January 2018, payment services in Europe have become the frontrunner of "open banking". [more]
Digital economics: How AI and robotics are changing our work and our lives
May 14, 2018
Region:
International
Topic:
Banking and financial markets, Digital, Economic and european policy, Macroeconomics, Sectors and resources
Analyst:
Eric Heymann, Kevin Koerner, Marc Schattenberg
EU Monitor
34
Developments in artificial intelligence and robotics have far-reaching economic and sociopolitical consequences, with some of them already materialising today. Still, the implications of further progress in these fields are not well understood. [more]
Reform of the Common European Asylum System: A difficult undertaking
April 12, 2018
Region:
Europe
Topic:
Economic and european policy
Analyst:
Dieter Bräuninger
EU Monitor
35
The EU institutions are about to decide on major new rules regarding the reception and the treatment of asylum applicants as well as their allocation among member states. [more]
Post-Brexit EU budget – the next hot button issue
February 28, 2018
Region:
Europe
Topic:
Brexit, Economic and european policy
Analyst:
Kevin Koerner
EU Monitor
36
2018-2019 will be crucial for the future of EU finances. [more]
