UK April CPI above expectations; US stock markets take a breather

Presidential elections in Poland and Romania: would Central Europe remain pro-EU?

Populist movements in Central Europe have gained significant traction in recent years, mirroring a broader trend of right-wing populism across Europe. These movements thrive on the rising polarization within many countries, often fueled by the growing influence of Moscow and deteriorated economic conditions. In Romania, the cancellation of the former presidential election scheduled for 2024 highlighted the risks posed by these nationalist and far-right movements. However, the country experienced a remarkable mobilization in support of a pro-European candidate, signaling a resistance to immed...

Orsted : Issuer update following US government’s announcements in offshore wind

Offshore wind developer Orsted enjoyed massive rally on the equity side this morning , with stock up 15%. The rally was less pronounced on the credit side, with hybrid debts adding between 0.2 and 0. 8 cash price figure. This market move came after the US government made a u-turn on the $5bn Empire offshore wind project developed by Norwegian energy company Equinor, allowing construction activities to resume. As a reminder, Equinor suspended construction activities last month by its Equinor in accordance with halt work order issued by the US government . The sectoral read-across is cle...