Outlook
& news.

After hitting new highs, equity markets were stopped by fresh bond market volatility. This week’s US Treasury auction saw low demand just before a record $340bn in new global issuance in June from the US, the European Union: and the UK. Goods inflation in Australia and services inflation in Germany also pushed bond yields higher.

Edmond de Rothschild Corporate Finance advises the shareholders and management of BIOBank on the majority stake acquisition by IK Partners.

Edmond de Rothschild Corporate Finance advises the shareholders and management of La Boîte aux Enfants on the sale to the M6 Group.

After several months of rising inflation, the pace seemed finally to slow, the first drop this year. The MoM increase was below expectations according to recent figures and underlying inflation (ex-food and energy) also slowed as expected.

A maturity fund meets a real need for investors: having a long-term return objective.

Edmond de Rothschild Corporate Finance advises the Santé Service Foundation during its exclusive discussions with the Clariane Group regarding the acquisition of all its Home Hospitalization and Home Nursing Care (HAD/SSIAD) activities in France.

Edmond de Rothschild has hired three seasoned professionals to support the development of its Real Estate Investment Management (REIM) capabilities across Europe. Industry veterans DJ Dhananjai and Robbert Zoet join the group’s London office, respectively as Chief Investment Officer UK for Real Estate Investment Management and Head of Real Assets Distribution. Fabrice Lefevre-Sory joins the Paris office as Senior Real Assets sales.

As expected, the Fed left rates unchanged. Jerome Powell said markets would need to be patient as little progress had been made on the disinflation front since the beginning of the year, and especially not in services. But ...

The week’s PMI data provided confirmation of a manufacturing slowdown but suggested services would drive a recovery in the coming months.

The AT1¹ bond segment has been back in favour since end 2023, even if the long-term consequences remain uncertain.

Edmond de Rothschild Corporate Finance advised the shareholders of Transarc (CEO Damien Rameau and the management team, Bpifrance, CARVEST, and IDIA Capital Investment), a major independent coach operator, on the sale of a majority stake to Infranity, a leading European investor in sustainable infrastructure, to support the company's growth and the electrification of its fleet.

Equity markets were range bound over the period but government bonds saw wider fluctuations.