Euro summer madness is making markets look extreme
It’s easy to forget what day-to-day life looks like on the other side of the world at the moment. But it is an important part of the markets sell-off story.
If you were going to launch a big debt or equity capital markets deal this week, forget it – markets have the jitters.
But it was never going to be a busy week for deals. As we sit here in the middle of winter, it is easy for us to forget that the big northern hemisphere markets are in summer holiday mode. They are on the annual go-slow until the end of the month, a holiday period exacerbated by the Olympic Games in Paris.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
