
BlackRock Favors European Government Bonds Over US
BlackRock Global Chief Investment Strategist Wei Li discusses markets as European bonds fell and shares in defense companies rallied on the likelyhood of greater military spending. Speaking on Bloomberg Television, Li says higher defense spending in Europe "doesn't necessarily mean yields will be a lot higher." She also comments on potential policy divergence between central banks, saying the European Central Bank has "more room" to cut interest rates in comparison to the Federal Reserve. (Source: Bloomberg)

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Time Magazine
42 minutes ago
- Time Magazine
TIME and 360BusinessMedia Announce TIME France
Today, TIME and 360BusinessMedia announced TIME France, a licensed French edition of TIME's iconic publication. The first issue is scheduled for release at the end of 2025, with a dedicated website launching Fall 2025. TIME France will feature: A dedicated French editorial team will be assembled in the coming months to uphold TIME's values and editorial standards. 'For over a century, TIME has delivered trusted journalism and global perspectives to our audience. With our expansion into France's media market, we're building on a longstanding tradition of covering the region, now through a dedicated edition,' said TIME Chief Executive Officer Jessica Sibley. 'This launch reflects our commitment to reaching new audiences and meeting them where they are, and we are thrilled to partner with 360BusinessMedia to bring TIME's brand and magazine to France and surrounding regions.' "It is an honor to orchestrate the arrival in France of such an iconic title, whose covers and in-depth reporting has resonated across the world for a century. We are building a dedicated editorial team to deliver thoughtful, bold, and relevant journalism tailored to French and European audiences. The French edition aims to combine TIME's editorial excellence with local insight into today's major challenges — from politics and innovation to society, climate, and culture." said Dominique Busso, Chief Executive Officer of 360BusinessMedia. The announcement of TIME France comes on the heels of a period of dynamic growth and innovation for TIME. Today, the brand reaches more than 120 million people worldwide across all platforms, representing the largest, most global, youngest, and most diverse audience in its history. TIME's in-depth reporting continues to shape global conversations across every sector, with journalists covering critical issues worldwide and historically providing extensive coverage of France—including exclusive interviews with President Emmanuel Macron, football star Kylian Mbappé, chef Mory Sacko, and cover stories on the effort to clean up the Seine, restore Notre Dame and more.


Business Wire
an hour ago
- Business Wire
Patron Capital Secures Major Investment From Mitsubishi Estate to Accelerate European Growth and Expand Into New Subsectors
LONDON--(BUSINESS WIRE)--Patron Capital ('Patron'), the pan-European institutional investor focused on property-backed investments, has secured a major investment from Mitsubishi Estate Co., Ltd. ('MEC'), through its Mitsubishi Estate Global Partners ('MEGP') investment management business. MEGP is purchasing a majority stake in Patron, as well as providing €600 million in the form of equity commitments to Patron's funds and financing for new subsector strategies including real estate credit. Approximately 57% of Patron's capital over the past 25 years and 63% of capital raised for its most recent €964 million fund launched in 2024 has come from US investors, including pension funds, endowments, foundations and family offices. The transaction, which is subject to regulatory consents, is part of a long-term strategic growth plan for Patron, providing new institutional backing and positioning the business positively for sustainable growth well into the future. Keith Breslauer, Patron's founder and managing director, and the team of senior partners will continue to manage Patron's operations and lead the business for the long term, retaining a significant minority equity stake. As well as new capital for growth, MEC's investment will provide Patron with access to a broader pool of investors through MEGP and support the expansion of Patron's fund and product offerings while continuing to nurture its entrepreneurial culture. Patron is targeting strategic growth areas across private European real estate markets, including in the opportunistic investing space, where it has a 26-year track record, as well as across multiple new subsectors and asset classes where recent market adjustments and structural macroeconomic trends are presenting compelling new long-term risk-adjusted opportunities. Patron's experienced senior management team and operational expertise, combined with MEC's support, enable Patron to identify and deliver on these opportunities. For example, Patron recently announced the launch of its real estate credit business, as elevated interest rates and constrained traditional lenders have created a need for private lenders with real estate expertise to fill funding gaps facing borrowers. MEGP also sees attractive long-term investment opportunities across Europe's private real estate markets and has identified Patron as an ideal partner to offer investors access to these, recognising the longevity of Patron's senior team and its exceptional track record of consistently delivering top-quartile double-digit returns across its flagship Western European opportunistic strategy. Patron works with many of the world's leading pension funds, endowments, foundations and family offices. MEC is one of Japan's largest, listed real estate developers with a market capitalisation of $23.06 billion USD (€20.22 billion EUR) as of 06 June 2025. MEC is strategically growing its MEGP real estate investment management business globally, including through its subsidiary platforms in the United States, Europe, Japan and Asia-Pacific. Both firms have an agile, entrepreneurial approach and aim to deliver social benefits alongside exceptional returns. Keith Breslauer, Managing Partner and Founder of Patron Capital, said: 'In the 25 years since Patron was founded, we have worked successfully through many cycles, building a high-calibre team across Europe and using our deep relationships and skillset to access opportunities and drive market-leading returns. This significant investment from MEC, particularly as a leading property investor and developer, is a strong endorsement of our success and is the next step in our predefined growth plan to take the business to the next level and position it for sustainable, long-term growth. 'MEC has an exceptional history spanning over 130 years as a real estate developer and investor with a long-term strategic vision, goals and objectives that are aligned with ours in every way. From a focus on social impact and serving communities, to supporting people to create an entrepreneurial culture, and responding quickly to changing investment contexts, these are two organisations with shared values and proven longevity that have been built on the same approach. We are excited to work with MEC following this investment that will accelerate our growth and deliver significant benefits to our staff and investors.' Patron's current and previous funds opportunistically target distressed and undervalued investments, directly or indirectly related to property, across Western Europe. In 2024, it closed its seventh flagship fund, Patron Capital, L.P. VII ('Fund VII'), raising in excess of €970 million during a period of declining real estate private equity fundraising, with a high proportion of capital coming in the form of re-ups from Patron's longstanding investors. Notes to Editors About Patron Capital Partners Patron represents approximately €5.3 billion of capital raised across several funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses. Since it was established in 1999, Patron has undertaken more than 200 transactions across 114 investments and programs involving over 9 million square metres in 17 countries, with many of these investments realised. Investors represent a variety of sovereign wealth funds, prominent universities, major institutions and private foundations located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona and Luxembourg; the group is comprised of 63 people, including a 40-person investment team. Further information about Patron Capital is available at
Yahoo
an hour ago
- Yahoo
Undiscovered Gems in Europe June 2025
As the European markets experience a boost with the pan-European STOXX Europe 600 Index rising by 0.90% amid easing inflation and supportive monetary policy from the European Central Bank, investors are increasingly optimistic about potential opportunities in lesser-known stocks. In this environment, identifying promising small-cap companies that can capitalize on favorable economic indicators and resilient market sentiment is crucial for uncovering undiscovered gems in Europe. Name Debt To Equity Revenue Growth Earnings Growth Health Rating AB Traction NA 5.39% 5.24% ★★★★★★ Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative 26.90% 4.14% 7.22% ★★★★★★ Linc NA 101.28% 29.81% ★★★★★★ ABG Sundal Collier Holding 8.55% -4.14% -12.38% ★★★★★☆ Flügger group 20.98% 3.24% -29.82% ★★★★★☆ Caisse Regionale de Credit Agricole Mutuel Toulouse 31 19.46% 0.47% 7.14% ★★★★★☆ Alantra Partners 3.79% -3.99% -23.83% ★★★★★☆ Practic 5.21% 4.49% 7.23% ★★★★☆☆ Darwin 3.03% 84.88% 5.63% ★★★★☆☆ Eurofins-Cerep 0.46% 6.80% 6.93% ★★★★☆☆ Click here to see the full list of 328 stocks from our European Undiscovered Gems With Strong Fundamentals screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★☆☆ Overview: Viohalco S.A. is a company that, through its subsidiaries, engages in the manufacturing and selling of aluminium, copper, cables, and steel products with a market capitalization of €1.48 billion. Operations: Viohalco generates revenue primarily from the sale of aluminium, copper, cables, and steel products. The company's market capitalization stands at approximately €1.48 billion. Viohalco, a notable player in the European industrial sector, has shown impressive growth with earnings surging by 336.9% over the past year, outpacing its industry peers. The company reported net income of €161 million for 2024, up from €48 million the previous year, and basic earnings per share rose to €0.62 from €0.19. Despite trading at 55.7% below estimated fair value and having high-quality past earnings, Viohalco's debt situation is mixed; while its debt-to-equity ratio improved to 93.5%, interest coverage remains low at 2.8 times EBIT due to high net debt levels of 63.9%. Dive into the specifics of Viohalco here with our thorough health report. Review our historical performance report to gain insights into Viohalco's's past performance. Simply Wall St Value Rating: ★★★★★☆ Overview: VIEL & Cie, société anonyme is an investment company offering interdealer broking, online trading, and private banking services across various regions including Europe, the Middle East, Africa, the Americas, and Asia-Pacific with a market capitalization of approximately €1.01 billion. Operations: The company's primary revenue stream is derived from professional intermediation, generating approximately €1.11 billion. Stock exchange online activities contribute an additional €74.37 million, while holdings add €5.40 million to the total revenue mix. VIEL & Cie, a nimble player in the financial sector, has demonstrated robust performance with earnings climbing 23.1% over the past year, outpacing the Capital Markets industry's 12%. The company's debt to equity ratio has impressively decreased from 98.3% to 63% in five years, signaling improved financial health. Trading at a valuation that's about 15% below its estimated fair value suggests potential upside for investors. With more cash than total debt and positive free cash flow of €116.83 million as of September 2024, VIEL seems well-positioned financially despite insufficient data on interest coverage by EBIT. Delve into the full analysis health report here for a deeper understanding of VIEL & Cie société anonyme. Examine VIEL & Cie société anonyme's past performance report to understand how it has performed in the past. Simply Wall St Value Rating: ★★★★★★ Overview: Systemair AB (publ) is a company that manufactures and sells ventilation products across Europe, the Americas, the Middle East, Asia, Australia, and Africa with a market cap of SEK18.82 billion. Operations: The company's primary revenue stream is from the manufacture and sale of ventilation products, generating SEK12.30 billion. Systemair, a nimble player in the ventilation industry, trades at 8.8% below its estimated fair value and boasts a net debt to equity ratio of 15.1%, deemed satisfactory. The company's EBIT covers interest payments nearly 15 times over, showcasing robust financial health. With earnings growth of 5.4% last year outpacing the building industry's -5.8%, Systemair is on an upward trajectory despite market challenges in Germany and Eastern Europe. Recent results showed full-year sales reaching SEK 12 billion with net income climbing to SEK 681 million, while strategic expansions into India and sustainability efforts signal promising future prospects. Systemair's strategic focus on sustainability and market expansion enhances its competitive edge. Click here to explore the full narrative on Systemair's growth strategies and market positioning. Get an in-depth perspective on all 328 European Undiscovered Gems With Strong Fundamentals by using our screener here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ENXTBR:VIO ENXTPA:VIL and OM:SYSR. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data