With:  Spyros Andreopoulos, Senior Economist, Europe  Dani Stoilova, Economist, Europe  BNP Paribas | Global Markets (Recorded 03 April 2023)  The ECB might find the eurozone’s resilient labour market a tough nut to crack. After all, we see three factors behind the tight labour market: strong and resilient aggregate demand, labour shortages due to demographics and mismatch. As a result, the ECB may have to suppress demand sufficiently to deal with the cyclical reasons for labour market tightness as well as the structural ones. The bottom line is that the labour market is likely to be a key factor sustaining the ECB’s tightening cycle for a while longer. For more information, please refer to https://markets360.bnpparibas.com   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    Hosted on Ausha. See ausha.co/privacy-policy for more information.

With:  Pamela Díaz Loubet, Economist, Mexico BNP Paribas | Global Markets (Recorded 27 March, 2022)  We discuss Mexico’s monetary policy as the cycle nears its end. In particular, how the reaction function has changed after the financial turmoil and the extent to which the Fed might have influence over Banxico’s decisions.  For more information, please refer to https://markets360.bnpparibas.com   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    Hosted on Ausha. See ausha.co/privacy-policy for more information.

With: Trevor Allen, Head of Sustainability Research   Paola Lamedica, Head of Credit ESG and Derivatives Strategy   Paola addresses climate transition and examines to which extent corporates and sectors are progressing towards their net zero pledges.  Intentions are good, excellent even but it’s reality that lets us down. Some sectors are worse than other, especially within high-emitters.  We analyses whether investors are currently positioned to take into account this dievergence between targets and progress.  We also highlights which corporates in O&G, Chemicals and Mining stand out as making good progress towards their targets and which are completely off track. BNP Paribas London Branch | Global Markets (Recorded 07 March 2023)  For more information, please refer to : https://bnpp.lk/EyODgb   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    Hosted on Ausha. See ausha.co/privacy-policy for more information.

Trevor Allen, Head of Sustainability Research   Sumati Semavoine-Jain, Sustainability Research Analyst   With the IRA, the US looks to boost domestic growth, tackle supply chain vulnerabilities and offer more policy certainty, mostly in the form of tax credits. The US approach is in stark contrast to that of the EU, adopting more of a 'carrots without sticks' strategy, in our view. In turn, it might push the EU to provide more ‘carrots’. We expect the IRA to offer a competitive advantage to companies with business activities that focus on energy transition, and those with a local footprint. BNP Paribas London Branch | Global Markets (Recorded 06 March 2023)     For more information, please refer to : https://bnpp.lk/EyODgb   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    Hosted on Ausha. See ausha.co/privacy-policy for more information.

Trevor Allen, Head of Sustainability Research   Paola Lamedica, Head of Credit ESG and Derivatives Strategy Sumati Semavoine-Jain, Sustainability Research Analyst  Trevor, Paola and Sumati respond to Isabel Schnabel’s recent speech on greening the ECB bond portfolio.  The ECB's tilt towards Green and sustainable bonds will remain strong.  Within the most polluting sectors, they expect the highest emitters to come under increased scrutiny by the ECB, as they wish to incentivise corporates to aim for the best-in-class in their sector.  In the public sector space, they think the ECB to buy a larger share of sustainable bonds issued by supranationals and tilt sovereign and agency purchases towards Green bonds.  BNP Paribas London Branch | Global Markets (Recorded 26 January 2023)     For more information, please refer to : https://bnpp.lk/EyODgb   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    Hosted on Ausha. See ausha.co/privacy-policy for more information.

Trevor Allen, Head of Sustainability Research   Sumati Semavoine-Jain,Sustainability Research Analyst  While 2022 was about uniting and goal-setting in biodiversity, upcoming years will be about follow-through and execution. We present our views on how COP15, the biennial UN Biodiversity Conference, will translate into policy and market-driven changes in the near future, and steps required for significant progress.  BNP Paribas London Branch | Global Markets (Recorded 17 January 2023)     For more information, please refer to https://markets360.bnpparibas.com   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    Hosted on Ausha. See ausha.co/privacy-policy for more information.

Trevor Allen, Head of Sustainability Research   Sumati Semavoine-Jain, Sustainability Research Analyst  In 2023, we expect global green bond supply to recover and potentially exceed 2021 volumes as transition remains a priority, and as investors return to bond markets. The 2023 increase will mostly come from Europe and Asia we think. ESG investing is becoming more thematic. For green bonds, this means investors will look for more diversity in the use of proceeds, and apply more scrutiny on the issuer’s transition strategy.  BNP Paribas London Branch | Global Markets (Recorded 11 January 2023)     For more information, please refer to https://markets360.bnpparibas.com   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    Hosted on Ausha. See ausha.co/privacy-policy for more information.

Trevor Allen, Head of Sustainability Research   Sumati Semavoine-Jain, Sustainability Research Analyst  As we concluded in Biodiversity: The price and value of natural capital, progress in measuring and correcting externalities is under way. The COP15 dedicated summit on biodiversity is finally taking place this month and will set the bar for the coming decade. We present a biodiversity basket in the fixed income space that gathers our high conviction issuers, committed to reversing biodiversity loss. In our view, credit portfolios would welcome such exposure, which would contribute to diversifying away from financials and utilities. We expect investor demand for biodiversity-related corporates to increase as the theme gains political traction. BNP Paribas London Branch | Global Markets (Recorded 7 December 2022)     For more information, please refer to https://markets360.bnpparibas.com    For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf     Hosted on Ausha. See ausha.co/privacy-policy for more information.

Trevor Allen, Head of Sustainability Research   Megan Dale, Sustainability Research Analyst  Trevor and Megan discuss the key topics at COP27, and how they see this shaping sustainable finance markets. They analyse what was in line with expectations, what was not, and what to expect going forward.  For more information, please refer to https://markets360.bnpparibas.com   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    Hosted on Ausha. See ausha.co/privacy-policy for more information.

Trevor Allen, Head of Sustainability Research   Megan Dale, Sustainability Research Analyst  Trevor and Megan discuss the key topics at COP27, which will take place over the next fortnight. In particular, they highlight: which emitters will make more ambitious climate targets (or not), why the adaptation will be a focal point, and which different initiatives may help to fund these goals.  For more information, please refer to https://markets360.bnpparibas.com   For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf    Hosted on Ausha. See ausha.co/privacy-policy for more information.