ING Financial Markets

In FICC (Fixed Income, commodities and Currencies) Research, we offer niche EM expertise, especially in EMEA. We are the go-to bank for Benelux issues, from regulations to rates to a Benelux credit focus. We have developed top notch covered bonds research, and have niche offerings in money markets, rate derivatives and European high yield. We overlay this with a global offering in macro, FX, commodities research and technical analysis. Europe is a key focus for us, but our global sphere extends to the Americas and Asia, in areas where we have selected DM & EM edges. Our analysts provide both written output and conference calls, but also travel the world to provide face-to-face presentations.

ING’s Equity Research team provides in-depth research on over 120 companies in the BeNeLux region, offering both breadth and depth of stock coverage. In addition to investment recommendations, our analysts offer thematic research, proprietary data points. insights into industry trends and unique valuation perspectives. ING’s Equity Research team was ranked the #1 Country Research team in the BeNeLux region in 2017 by the Extel Survey. Next to this, ING is the only bank to have been involved in all the BeNeLux IPOs in 2017. ING has the largest equities team focussed on Benelux listed securities and is the only Benelux broker with sales and research operations in both Amsterdam and Brussels and a sales hub in New York.

Min Joo Kang
  • Min Joo Kang

Why Bank of Japan might wait until second half of 2026 to tighten agai...

The Bank of Japan aims to move its real rate closer to zero, but the timing and scale of future adjustments will depend on economic conditions. The market appears dissatisfied with the lack of clarity. With inflation expected to ease and USD/JPY strengthening toward 150, we view October as the most likely time for a rate hike. Recent data support our outlook

Leszek Kasek ... (+2)
  • Leszek Kasek
  • Rafal Benecki

Polish inflation slows to 2.4%, strengthening NBP rate cut expectation...

The end of the year is marked by a further decline in Polish inflation, below the NBP's 2.5% target. Companies' pricing behaviour is returning to low inflationary times, and the reading is a reality check for the central bank's Monetary Policy Council. We expect three rate cuts to 3.25% in 2026, maybe as early as January

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

IBA: €80-100m contract for a Proteus Plus in Seoul, South Korea. Events Calendar.

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

EVS: $15m multi-year deal with existing client in North America. Events Calendar

James Knightley
  • James Knightley

US growth with a capital K

A strong performance from net trade lifted GDP growth to its fastest rate since the third quarter of 2023. The key drivers remain high-income consumers and tech capex and that seems unlikely to change in 2026

Hamza Khan ... (+2)
  • Hamza Khan
  • Warren Patterson

The Commodities Feed

Energy • Crude oil speculative position: Speculators continued to increase their net long in ICE Brent over the last reporting week. According to exchange data, speculators increased their position by 4,175 lots to leave them with a record net long of 565,459 lots. Meanwhile for NYMEX WTI speculators reduced their net long by 15,591 lots to leave them with a net long of 396,381 lots. • US oil rig count: Latest data from Baker Hughes shows that over the last week the number of active rigs decreas...

Gustavo Rangel
  • Gustavo Rangel

LATAM: Political risk calls for caution

Presidential elections are scheduled in Mexico, Brazil and Colombia this year. We take a look at what the rise in political uncertainty means for economic policy and currency trading in the region

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