The document provides an analysis of US and European M&A activity and share buybacks, highlighting that Europe lags behind the US in terms of a deteriorating credit cycle. It includes data on credit spreads and valuations, suggesting a mildly bullish outlook for European credit due to less late cycle positioning compared to the US.
documents/vol00010-efta01458984-pdf.pdf
{"title":"World Outlook 2016: Managing with less liquidity","key_people":["Jim Reid","Nick Burns"],"document_date":"2015-12-08","document_type":"tabular","key_locations":["London"],"key_organizations":["Deutsche Bank AG"],"reference_numbers":["DB-SDNY-0119159","SDNY_GM_00265343","EFTA01458984"]}