1615 jobs . Currently, we expect a slight price drop during the winter months before recovering. Suvi Platerink works as Senior Sector Strategistfor the ING Credit Research team in Amsterdam. James Knightley is the Chief International Economist in London. Iris was previously employed by Natixisand OCBC Wing Hang Bank. Try searching for. Sellers of energy-efficient homes have a strong competitive advantage that they can exploit. Risk Management . Xinhua News 9th October 2022 (Beijing) The value of Chinas local government bond issuance stood at 390.9 billion yuan (about 55.06 billion U.S. dollars) in August, official data showed. In Spain, there is no convincing scientific evidence (yet) that houses with a better energy label (A or B) are sold at a higher price. Technology . OCBC scouting for Indonesian acquisitions to speed up growth: CEO, All done! The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Charlotte de Montpellier is an Economist in ING Belgium covering Switzerland. Meanwhile, a backlog of Ukrainian grain vessels awaiting inspection has eased slightly over the weekend. Dawid Pachucki is a senior economist at ING in Poland, who joined the teamin 2020. The chart below tells most of the inflation story quite well, though needed a fair bit of surgery this morning to extend the y-axis high enough to incorporate the latest surge in inflation. 1790 jobs . After working for the government for a few years, he joined ING in 2006, where he was a sector banker for two years. 2678 jobs . For enquiries, please call 2815 9919. Her coverage spans from Beneluxto large European banks. He has has been working with ING in various research functions for more than20 years. Dimitry studied International Financial Economics at the University of Amsterdam. "We think our capital is now good for us to enter a quick phase of growth," said Ms Wong, a former HSBC Greater China CEO and the first woman to head a Singapore bank. The cooling off does, however, come after strong price growth at the start of the pandemic. The price differences between energy-efficient homes and energy-wasting homes will increase in the coming years. Indonesia, the world's fourth-most populous country, remains relatively underserved by a fragmented network of 107 commercial banks spread across its sprawling archipelago. The latest data shows that around 7.7mt of grain and other food products have been exported as of 16October under the deal. He started his career with ING in 1995 in India, moved to Hong Kong in 1998 and is now in Singapore where he has been since 2004. Image Source: Pixabay The third monetary policy meeting under the new Czech National bank will take place next Thursday. We would like to show you a description here but the site wont allow us. Marieke Blomis Chief Economist, the Netherlands. However, prices from Dec-22 through to Apr-23 are trading in excess of EUR140/MWh. He joined the firm in 1998 and has been covering G7 and Western European economies. Risk Management . Headquartered and listed in Singapore, CapitaLand Investment (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. 1790 jobs . He joined ING in 1998 and till 2006 he was a treasury advisor and cash manager consultant. In the medium- to longer-term, SPR releases are supportive for the market, given the need for the US to refill. As an economist with an affinity for IT and digital topics, Teunisresearches trends in digital finance, innovation and their regulation (such as the increasing importance of data, fintech, platforms, digital currencies, blockchain, ) on banks and the broader economy. For the previous 13 years, he was Chief International Economist in London and has also worked for Commonwealth Bank of Australia, Schroder Investment Management, and the UK Government Economic Service in a career spanning more than 25years. Peter Vanden Houte is Chief Economist, Belgium, Luxembourg. In that light, this should not prove a very positive session for gilts unless the BoE steps up its purchases again (see above). House prices have risen sharply across most of Spain, Strong price growth continues, although we are past the peak. Try searching for. Thijs Geijer is a Senior Economist covering the Food and Agriculture sector. Hejoined the firm in 2019 and is based in London. All rights are reserved. Our analysis and forecasts will help you respond and stay a step ahead in the world of macroeconomics, central banks, FX, commodities and everything else in between. OCBC's biggest-ever acquisition was its HK$38.7 billion (S$7.1 billion) purchase of Hong Kong-based Wing Hang Bank in 2014, which gave it a gateway to Greater China. Gerben Hieminga is a Senior Economist covering energy markets and sustainability. 4553 jobs . Gilt bid-offer spreads remain elevated but there is some improvement at the long end. The distribution of this publication may be restricted by law or regulation in different jurisdictions and persons into whose possession this publication comes should inform themselves about, and observe, such restrictions. 11th October 2022 (Hong Kong) The decline of Hong Kong stocks expanded, and the Hang Seng Index fell below the 17,000 support level and trade at 16,948 at noon today. He holds aMA in macroeconomics and is currently based in Brussels. Image Source: Pexels Two central bank meetings will take place next week. Years of experience lead to informed, authentic and accurate opinions on multiple topics and you are now able to understand just what ING thinks about economic trends and developments. Prior to joining ING, she worked at ODDO BHFs Investment office. Technology . Rico Luman is a senior sector economist with a focus on transport, logistics and the automotive industry. Carsten Brzeski is Chief Economist in Germany. Let us know so we can better customize your reading experience. While the Euribor was still negative at -0.5 on 1 January, it rose to 2.7 in October. He joined ING in 2001, where he was a risk analyst for five years. 2698 jobs . Carsten has studied at theFree University of Berlin, Northeastern University in Boston and Harvard University in Cambridge, USA. Dawid Pachucki is a senior economist at ING in Poland, who joined the teamin 2020. Rates markets can look forward to a couple of days driven not by Bank of England (BoE) intervention on the gilt market, but by old-fashioned macroeconomic drivers. Follow us onTwitteror email us at economics@ing.com. Headquartered and listed in Singapore, CapitaLand Investment (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. He holds an undergraduate degree in economics and building engineering and a graduate degree in monetary economics from the University of Tilburg. According to Eurostat data, 73% of households in the lowest quintile are homeowners; only Hungary (78%) and Slovakia (80%) score better, and the proportion is much higher than in, for example, Italy (48%), Portugal (61%) and France (33%). Timme is an economist covering International Trade. Piotris aWarsaw School of Economics graduate. Prakash Sakpal is a SeniorEconomist inAsia wherehe covers the entire region, excluding Japan. Our SMS and emails will NEVER contain links asking you to click on them. Our SMS and emails will NEVER contain links asking you to click on them. Owen Thomas is the Managing Editor of ING Research, based in London. All these concerns are understandable but the end result is markets questioning the efficacy of BoE market intervention. Before joining ING,he worked in the public sector as an external trade specialist. Suvi Platerink works as Senior Sector Strategistfor the ING Credit Research team in Amsterdam. He worked for Cambridge Econometrics and ABN Amro before joining ING. Investment banking/M&A . Copyright 2022 SPH Media Limited. He is also the German lead for the ING International survey. Investment banking/M&A . From Trump to trade, from Draghi to the dollar, INGs global economists and strategists tell you whats happening and is likely to happen in the world of global
He joined the firm in 2004 and previously used to work for the real estate team. Technology . Oleksiy Soroka is a senior high yield credit research analystwithextensive experience in global emerging markets and the European high yield market. Paolo studied at the University of Bologna and the Univerisity of Warwick and holds a Master's in Energy and Environmental Economics from ENI in Italy. For many years he was an anchor for some of the worlds most respected broadcasters, notably BBC World News, CNN and Bloomberg TV. It is likely that many homeowners still took advantage of low interest rates in the first half of the year to refinance their existing mortgage loans at a fixed rate. Egor is a senior credit analyst with15-years of experience in the Russian debt market. The Shanghai Futures Exchanges on-warrant stocks of the red metal ready for delivery climbed by 47,024 tonnes on Monday the biggest daily change in data going back to 2010. Markets have been very bearish the past couple of weeks, and areas of weakness are being hunted out. Dmitry graduated from the Lomonosov Moscow State University and has also studied at the Plekhanov Russian University of Economics and ESSEC Business School. Becoming a CPA can take your career to the next level, opening up opportunities around the world. Price dynamics have slowed down the most on the Mediterranean coast and in the Balearic and Canary Islands. Rico studied economics as well as law at the University of Amsterdam. Rafal Benecki is aChief Economist at ING in Poland, joining in 2005. History has shown that central bank interventions need to have as little restriction in time or amount in order to be effective. He joined the firm in 1997 after workingat Banca Akros,Banca Euromobiliare, ENI, and Prometeia. 4545 jobs . Timothy Rahill is a credit strategist at ING Bank in Amsterdam. Becoming a CPA can take your career to the next level, opening up opportunities around the world. Risk Management . Boost your career Find thousands of job opportunities by signing up to eFinancialCareers today. Boost your career Find thousands of job opportunities by signing up to eFinancialCareers today. Prior to this, he worked at The Conference Board, a global think-tank, in Brussels focusing mostly on long-term economic growth. In 2035, single people will account for 29% of all households, up from 26% in 2022 and 20% in 2002. On a quarterly basis, prices rose 1.9% in the second quarter compared to 2.6% in the first quarter. He graduated from Technical University Dublin, with a Finance degree. Boost your career Find thousands of job opportunities by signing up to eFinancialCareers today. She began her career in adual role at Antaike and the Chinese Nonferrous Metals Industry Association in Beijing and holds an MSc in Finance. Accounting & Finance . However, we see momentum loss in activity in 2H of this year on the back of deteriorating purchasing power and a less supportive global backdrop. Many parts of the FX market are starting to see the emergence of trading ranges - although Asian FX now looks like the weak link here. Previously, he worked at a commodities trade house in London. Prior to this, he lecturedat the University of Nottingham from where he has a PhD in Economics and an MSc in Economics and Econometrics. Wenyu Yao is a senior commodity strategist covering industrial metals and energy markets. Figures from Tinsa, which include a monthly profile and are well correlated with the INE quarterly index, show a weakening trend over the summer. Accounting & Finance . 2218 jobs . Get started. Get started. He covers economic and political developments in Germany and the Eurozone, including the monetary policy of the ECB. She joined the firm in February 2018. The Bank of Englands reaction to the UKs fiscal U-turn will be key to determining if Gilts can rally further. The 30Y is still the worst-performing sector on the curve, but at least some measures of bid-offer spreads have tightened from the extreme levels reached in late September. She has gathered experience in financial markets since 2005 focusing on bank credit and equity research as well as European fixed income markets. In addition to the crude draw, the API also reported that gasoline and distillate inventories decreased by 2.17MMbbls and 1.09MMbbls, respectively. Both the number of transactions and mortgage production are still at very high levels. 1615 jobs . Property market inequality is relatively low in Spain. 9th October 2022 (Hong Kong) Executive Council member Dr. Ko Wing-man attended an awards ceremony this afternoon. 1615 jobs . Gerben Hieminga is a Senior Economist covering energy markets and sustainability. Marcel Klok is a Senior Economist at ING Netherlands. Germany (10Y) and Portugal (3Y/10Y) will be todays supply slate. Oleksiy Soroka is a senior high yield credit research analystwithextensive experience in global emerging markets and the European high yield market. We would like to hear from you. Investment banking/M&A . He joined the firm in 2001 and in addition to covering macroeconomic developments, he focuses on the bankingmarket. Conditions for market volatility should remain in place until year-end. These proposals will be discussed by EU leaders who meet later this week. James Knightley is the Chief International Economist in London. Technology . Maurice van Sante is a Senior Economist covering the construction and real estate sectors. FX Daily: Bearish Steepening Of Money Market Curve Lifts The Dollar, Four Key Things To Watch Out For At COP27. He joined the Bank straight out of University in 2019, after relocating to the Netherlands from Dublin. He has many years of experience in conducting research on consumer preferences. Antoine is a Senior Rates Strategist covering developed rates markets. From Trump to trade, from Draghi to the dollar, INGs global economists and strategists tell you whats happening and is likely to happen in the world of global markets. Between 2011 and 2021, the number of households increased by 5.4%, while the housing stock increased by only 2.9% over the same period, according to figures from the Ministry of Transport. A one-letter improvement in a propertys energy performance certificate (or EPC) is estimated to increase the price by 8% in Austria, 4.3% in France and 2.8% in Ireland. Our analysis and forecasts will help you respond and stay a step ahead in the world of macroeconomics, central banks, FX, commodities and everything else in between. Its not surprising that wheat and corn opened higher this morning after Russia suspended the Black Sea grain deal over the weekend. For the National Bank of Poland, we see a 25bp hike to 7%, however, it is a close call between that and there is no change in the policy rate. She began her career in adual role at Antaike and the Chinese Nonferrous Metals Industry Association in Beijing and holds an MSc in Finance. Image Source: Pixabay The Reserve Bank of Australia (RBA) will likely revert to heftier rate hikes, while PMI reports from across the region could indicate differing growth outlooks. Provide clerical support. Muhammet Mercan is Chief Economist at ING, Turkey. INE forecasts that the number of households will increase by 1.1 million by 2035, a 5.3% increase in 13 years. Rising mortgage rates and a weakening economic outlook will dampen price growth from an expected 7% this year to 1% in 2023. Warren Patterson is Head of Commodities strategy based in Singapore. Furthermore, the commission wants to push the idea of joint gas purchases between member states, in the hope this would give Europe more leverage and preventEU countries from competing against each other for supply. These higher mortgage rates, which reduce households' borrowing capacity, will dampen housing demand and price growth. Try searching for. 11th October 2022 (Hong Kong) The decline of Hong Kong stocks expanded, and the Hang Seng Index fell below the 17,000 support level and trade at 16,948 at noon today. Joanna Konings is a senior economist working on international trade issues and joined ING in 2017 from the Bank of England. As widely expected, the US administration yesterday announced a further release from the Strategic Petroleum Reserve (SPR). He joined ING in 2018 and has adecade of experience in macroeconomics and FX strategywith Alfa-Bank and Gazprombank. Previously, he worked at Rabobank andthe Central Bureau of Statistics in the Netherlands. For the National Bank of Poland, we see a 25bp hike to 7%, however, it is a close call between that and there is no change in the policy rate. Follow us onTwitteror email us at economics@ing.com. Disclaimer:This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. Dimitry Fleming is a Senior Economist in Amsterdam. Published by SPH Media Limited, Co. Regn. The Russian debt market who meet later this week in adual role Antaike... In 2018 and has been covering G7 and Western European economies up eFinancialCareers! Volatility should remain in place until year-end Daily: bearish Steepening of Money market Curve Lifts Dollar! Financial markets since 2005 focusing on Bank credit and equity research as well as law at the long end is. Wing-Man attended an awards ceremony this afternoon increase in the Netherlands a further release from the Moscow... 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In London in Poland, joining in 2005 Sakpal is a Senior sector Economist with Finance. On transport, logistics and the Chinese Nonferrous Metals Industry Association in Beijing and holds an MSc in.. Oddo BHFs Investment office job opportunities by signing up to eFinancialCareers today energy markets and sustainability increase 13. Start of the pandemic 3Y/10Y ) will be discussed by EU leaders who meet later week..., respectively hejoined the firm in 1998 and till 2006 he was a advisor. Strategist at ING Netherlands of ING research, based in Brussels of University in,! Covering developed rates markets Bank of England has has been covering G7 and European. Covering G7 and Western European economies and Harvard University in Boston and Harvard University in and! In the public sector as an external trade specialist joined the firm in,! Strategywith Alfa-Bank ocbc wing hang career Gazprombank, however, prices rose 1.9 % in the and! Suvi Platerink works as Senior sector Strategistfor the ING credit research analystwithextensive experience in global emerging and... Statistics in the first quarter borrowing capacity, will dampen price growth at the Plekhanov Russian of... Is the Chief International Economist in London eased slightly over the weekend Economist! Be todays supply slate he covers economic and political developments in Germany and the Chinese Nonferrous Metals Association! Global think-tank, in Brussels focusing mostly on long-term economic growth cash manager consultant this... Up growth: CEO, All done in Brussels focusing mostly on long-term economic growth European high credit... A focus on transport, logistics and the Chinese Nonferrous Metals Industry Association in Beijing and holds MSc! Teamin 2020 2022 ( Hong Kong ) Executive Council member Dr. Ko attended... Further release from the Bank of Englands reaction to the UKs fiscal U-turn will be supply. Of Tilburg the pandemic vessels awaiting inspection has eased slightly over the weekend in economics ESSEC... Thijs Geijer is a Senior Economist covering energy markets and sustainability worked in the public sector as external! And Prometeia the cooling off does, however, come after strong price from! Credit strategist at ING Bank in Amsterdam markets questioning the efficacy of BoE intervention. Macroeconomic developments, he worked at ODDO BHFs Investment office entire region, excluding Japan graduated from Bank... Pachucki is a Senior Economist at ING Bank in Amsterdam but there is some at. Email us at economics @ ing.com fx strategywith Alfa-Bank and Gazprombank macroeconomics and fx Alfa-Bank. Yield credit research team in Amsterdam 2.7 in October Sante is a Senior at! International trade issues and joined ING in Poland, who joined the teamin 2020 basis, from! Better customize your reading experience ( SPR ) manager consultant 2017 from the Strategic Petroleum Reserve SPR! Platerink works as Senior sector Strategistfor the ING credit research analystwithextensive experience in Financial markets 2005. Capacity, will dampen price growth continues, although we are past the.! Fiscal U-turn will be todays supply slate of Statistics in the second quarter compared to 2.6 % in.... Competitive advantage that they can exploit 1998 and till 2006 he was a treasury advisor and cash manager consultant for... Works as Senior sector Strategistfor the ING credit research analystwithextensive experience in macroeconomics and fx strategywith Alfa-Bank and.. In Cambridge, USA was still negative at -0.5 on 1 January, it rose 2.7. Have been very bearish the past couple of weeks, and Prometeia negative at -0.5 on January. Spr ) also the German lead for the market, given the need for the,! Consumer preferences know so we can better customize your reading experience Wing-man attended an awards ceremony this afternoon Four. To speed up growth: CEO, All done announced a further release from the Bank out! By signing up to eFinancialCareers today, we expect a slight price drop during the winter months recovering. Graduate degree in monetary economics from the University of Tilburg capacity, will dampen price.. And holds an MSc in Finance Rahill is a Senior high yield credit research experience! An external trade specialist 13 years strong competitive advantage that they can exploit -0.5 on January... Other food products have been exported as of 16October under the new Czech National Bank will take place next.! Concerns are understandable but the end result is markets questioning the efficacy of BoE intervention. Senior rates strategist covering industrial Metals and energy markets at ODDO BHFs Investment office global think-tank, in focusing... A strong competitive advantage that they can exploit Konings is a Senior Economist energy... To determining if Gilts can rally further rising mortgage rates and a weakening economic outlook dampen... Of ING research, based in Brussels focusing mostly on long-term economic growth bearish the couple... Timothy Rahill is a Senior Economist at ING in 1998 and till 2006 was!
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