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Top related persons:
Janus Henderson - 2 Jim Cielinski - 2 Chiara Elisei - 2 Wolfgang Rattay - 1 Janus - 1 ” - 1 Yoruk Bahceli - 1 Mark Potter - 1
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Frankfurt Germany industrials
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REUTERS - 2 Janus Henderson Investors - 2 Thomson - 2 European Central Bank - 1 European Union - 1 P Global Market Intelligence - 1 P Global - 1 U.S - 1

Search resuls for: "Jim Cielinski"


4 mentions found


☆ Higher-for-longer rates will trigger domino effect on defaults - Janus Henderson
  + stars: | 2023-10-26 | by ( Chiara Elisei | Thomson Reuters | Chiara Reports On The European Credit Markets | ) www.reuters.com   time to read: +3 min
REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsLONDON, Oct 27 (Reuters) - The steepest jump in interest rates in decades will spark a domino effect on corporate defaults in the years ahead, asset manager Janus Henderson Investors said in a report on Friday. Rising borrowing costs are back in stark focus following a rout in government bonds since September as investors adjust to the prospect of interest rates staying persistently high, which has also raised corporate bond yields. "The credit cycle tends to turn only if three conditions are present: high debt loads, lack of access to capital, and an exogenous shock to cash flow. These conditions ... are all present today," Janus' global head of fixed income Jim Cielinski said. But as inflation starts slowing and higher rates are here to stay, headwinds are mounting, and the risk is that the increase in borrowing costs could outpace revenue growth, it added.
Persons: Wolfgang Rattay, Janus Henderson, Janus, Jim Cielinski, ”, Chiara Elisei, Yoruk Bahceli, Mark Potter Organizations: European Central Bank, European Union, REUTERS, Janus Henderson Investors, P Global Market Intelligence, Thomson Locations: Frankfurt, Germany
☆ Corporate credit quality weaker than markets factor in - Janus Henderson
  + stars: | 2023-07-27 | by ( Chiara Elisei | Thomson Reuters | Chiara Reports On The European Credit Markets | ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/IllustrationLONDON, July 28 (Reuters) - Corporate credit quality is weaker than financial markets currently price in, while defaults are likely to pick up in the second half of the year, a report by Janus Henderson Investors said on Friday. Tighter lending standards, higher refinancing costs and a slowing economy would take their toll on the credit quality of corporates, the report said. This suggests that defaults could pick up in the second half, even if the pace of defaults is slower than in previous cycles, it added. Additionally, a recent trend of small businesses being forced to file for bankruptcy is likely to spread more broadly into capital markets, Janus Henderson noted. "As recession fears scaled back, markets have been pricing in a more muted credit default cycle.
Persons: Dado Ruvic, Janus Henderson, Jim Cielinski, Chiara Elisei, Dhara Ranasinghe, Conor Humphries Organizations: REUTERS, Janus Henderson Investors, P Global, U.S, Casino, Thomson Locations: industrials
☆ Stocks falter as economic worries nag, big rate hike lifts kiwi dollar
  + stars: | 2023-04-05 | by ( Dhara Ranasinghe | ) www.reuters.com   time to read: +4 min
[1/2] A stock broker looks at his screens at the stock exchange in Frankfurt, Germany, March 16, 2023. REUTERS/Kai Pfaffenbach/File PhotoSummary Graphic: World FX ratesGraphic: Global asset performanceWorld stocks pull back from 7-week highsNZ dollar rallies after big rate hikeLONDON, April 5 (Reuters) - World stock markets stumbled on Wednesday as signs that the economic outlook is weakening spurred caution, while a bigger-than-expected interest-rate hike from New Zealand lifted the kiwi dollar. European stocks fell with the broad STOXX 600 index pulling away from Tuesday's one-month highs (.STOXX). U.S. equity futures dipped , and Japan's Nikkei (.N225) fell 1.6% in its biggest one-day percentage fall since mid-March. Weak U.S. economic data this week has exacerbated recession worries, taking the edge off recent stock market gains.
☆ Corporate financial health to worsen, says Janus Henderson
  + stars: | 2023-02-06 | by ( Chiara Elisei | ) www.reuters.com   time to read: +2 min
LONDON, Feb 6 (Reuters) - Corporate financial health will worsen across the globe this year, failing to gain respite from signs that inflation has peaked and hopes for an economic soft landing, asset manager Janus Henderson said in a report released on Monday. Its global credit risk monitor's indicators - debt loads, access to capital markets, cash flow and earnings - all flashed red in the fourth quarter of 2022, signalling caution to investors. All companies it tracks across global regions had flat or negative earnings forecast revisions for this year. Although an economic soft landing looks more likely, the asset manager remains cautious given the retreat in inflation is too late to prevent further deterioration in the credit cycle. "We are not out of the woods yet, although the decline in inflation seen in the last three months is a critical prerequisite to the elusive soft landing that investors cherish."
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