This report covers market themes across CEEMEA, highlighting risks to the Polish banking sector from CJEU rulings and global commodity outlooks for natural gas. It also provides updates on European chemical sector positioning and global macro trends.
Key Takeaways
- 1.Polish banks face potential cost risks estimated at ZI 3.5bn due to a recent CJEU ruling on consumer loans.
- 2.Global equity positioning is constructive but divergent; US tech positioning is extended, while Europe shows improving conviction.
- 3.Global natural gas prices have further downside potential following Mideast conflict de-escalation.
Table of Contents
- Top Call
- Sector
- Must Read
- Strategy & Economics
- Commodities
- CEEMEA – Forthcoming Corporate Access
- Key Rating and Target Price Changes
- Appendix A-1
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Authors
Andrzej PowierzaJames A ShuckSebastian Satz, CFA
Securities
BAS
Themes
Banking Regulatory RiskCommodity De-escalation
Regions
EuropeAsia PacificPolandUnited States