EME Macro/Strategy: Another look at the labour market
In our view, we are about halfway through the worst phase of the business cycle phase: falling activity and rising inflation; the latest batch of private sector confidence surveys for October supports this interpretation. Industrial sector confidence fell more or less everywhere, with a worryingly sharp drop concentrated in the core Eurozone countries (particularly in Germany), but a modest fall in central Europe. In Turkey, sentiment plummeted further, reaching levels lower than the bottom of the 2008 crisis. On the other hand, Russia, Greece, Romania and Hungary all reported relatively stable indicators last month.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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