Group 1 - The announcement indicates that no stabilisation was carried out for the securities offered by Avolta (Dufry One) [2] - The aggregate nominal amount of the securities is EUR 500,000,000, with a description of May 2032 4.5% [3] - The offer price for the securities is set at 100 [3] Group 2 - The stabilisation managers involved in the offering include BNP Paribas, ING, Santander, and several other major banks [4] - The announcement clarifies that the securities are not being offered for sale in the United States and have not been registered under the United States Securities Act of 1933 [5]

Core Insights - BNP Paribas Exane's equity research models are now accessible to clients via the Bloomberg Terminal, enhancing integration and efficiency for buy-side investors [1][2] - BNP Paribas Exane has been recognized as the 1 industry research provider in Developed Europe for eight consecutive years, indicating strong market positioning and credibility [3] - The research models cover over 1,000 stocks globally, with a recent expansion to include over 300 U.S. stocks in key sectors such as Technology, Media, Telecommunications, Consumer, Healthcare, and Industrials [3] Company Overview - BNP Paribas Exane operates under a robust business model with three main lines: Cash Equities, Structured Solutions, and Asset Management, and has expanded internationally with offices in major financial hubs [6] - BNP Paribas, as a leader in banking and financial services in Europe, operates in 64 countries with nearly 178,000 employees, focusing on diverse fields including Commercial Banking, Investment Services, and Corporate Banking [7][8] - The company emphasizes a Corporate Social Responsibility approach, contributing to sustainable development while ensuring performance and stability [8] Strategic Collaboration - The partnership between BNP Paribas Exane and Bloomberg aims to provide buy-side clients with seamless access to high-quality insights, facilitating faster and more informed investment decisions [5] - The integration of BNP Paribas Exane's research into Bloomberg's platform is designed to enhance the investment process for clients seeking to generate alpha [5]

与此同时，核心商品价格表现坚挺，环比上涨0.2%，远高于2024年全年平均月度涨幅（-0.02%）。具体 来看，家庭用品、医疗设备、娱乐产品、信息技术硬件及各类杂项商品均录得显著增长，表明消费市场 中部分领域仍存在较强的价格压力。 两位经济学家特别指出，这些价格上涨可能与近期实施的关税政策有关。"我们认为，这是迄今为止最 明确的证据，表明关税开始逐步反映在消费者价格数据中。"他们在报告中强调。 法国巴黎银行预计，接下来几个月的数据将更加关键，尤其是在评估供应链和贸易政策对通胀走势的长 期影响方面。 （文章来源：新华财经） 新华财经北京5月14日电法国巴黎银行（BNP Paribas）经济学家安迪·施耐德（Andy Schneider）与布丽 特妮·杰克逊（Britney Jackson）对美国4月份消费者物价指数（CPI）作出深入分析，认为尽管整体通胀 有所放缓，但细分数据中已显现出令人担忧的趋势，并初步显示出关税对消费品价格的影响。 根据美国劳工部发布的数据，4月年度通胀率为2.3%，略低于前一个月的2.4%。然而，两位经济学家指 出，这一"温和"数据背后，实则隐藏着更多令人警惕的信号。 "4月的CPI报告 ...

Core Viewpoint - Large institutional investors, including pension funds, are significantly reducing their exposure to U.S. dollar assets and reallocating towards European markets, driven by factors such as unpredictable Trump policies and ongoing tariff conflicts [1][2]. Group 1: Institutional Investor Behavior - Investors are experiencing a historic reduction in U.S. stock allocations, with the largest outflow of funds to Europe since 1999, as reported by Bank of America [1]. - European ETFs saw a record outflow of €2.5 billion in April, marking the highest since the beginning of 2023 [1]. - The Finnish Veritas pension fund and Danish pension funds have both reduced their U.S. stock exposure, with the latter increasing European stock investments to the highest level since 2018 [2]. Group 2: Currency and Asset Trends - There is a notable shift towards non-dollar safe-haven assets, with the euro and German bonds rising sharply, indicating a departure from traditional investment patterns [2]. - Institutional investors are actively selling dollars to buy euros, as observed by Bank of America and Deutsche Bank [2]. - The potential for a structural impact on the U.S. dollar and U.S. debt markets is highlighted, as capital flows reverse from the U.S. to other markets [3]. Group 3: Market Valuation Concerns - Concerns over high valuations in the U.S. stock market are prompting investors to question the rationale behind maintaining such premium prices, as noted by the CIO of Veritas [2]. - The California Teachers' Retirement Fund is reassessing its positions, warning of risks associated with tariff policies that could lead to significant sell-offs of U.S. debt by major trading partners [3].

智通财经5月12日电，杰富瑞将法国巴黎银行目标价从95欧元下调至93欧元。 ...

法巴银行：撤离美国转向欧洲可能成为长期趋势 金十数据5月6日讯，法巴银行分析师在一份报告中说，市场走势表明，投资者确实在从美国资产转向欧 洲资产，这种趋势可能会长期持续下去。不过，这种转变可能需要很长时间才能完全显现出来，投资者 目前仍将继续在美国投资。分析师表示："有关撤离美国资产以进行分散投资的更广泛说法可能只有经 过一段时间才能得到证实。""美国国内投资者以及世界其他地区投资者对美国资产的支持可能会持续下 去。"分析师表示，稳定的美国经济数据和对贸易协议前景的乐观情绪可能会提振需求。 ...

Group 1: Company Overview - BNP Paribas is a diversified financial group offering a range of retail, corporate, and institutional banking solutions [2] - The retail banking portfolio includes digital banking, leasing, financing, loans, insurance solutions, savings, investment products, and payment cards [2] - Corporate and institutional banking solutions encompass securities services, capital markets, financing, treasury solutions, structured finance, derivatives, and risk management [3] Group 2: Technology Initiatives - The report provides insights into BNP Paribas's digital transformation strategies and innovation programs [4][6] - Overview of technology initiatives includes partnerships and product launches, detailing technology themes, objectives, and benefits [6] - Estimated ICT budgets and major ICT contracts are included, providing insights into BNP Paribas's tech operations and strategies [6] Group 3: Key Partnerships and Executives - The report highlights key partnerships with companies such as Orange SA, QuantumStreet AI, and IBM [6][8] - It also includes a network map of partnerships, investments, and acquisitions relevant to BNP Paribas [6] - Key executives involved in technology initiatives are mentioned, indicating leadership in tech strategies [6]

Core Points - The document presents the global systemically important institutions (G-SIIs) indicators for BNP Paribas Group as of December 31, 2024, according to the European Banking Authority (EBA) standards [1] - The Basel Committee on Banking Supervision (BCBS) evaluates the systemic importance of banks on a global scale [1] Measurement Methodology - The assessment of global systemic importance is based on an indicator-based measurement approach, as outlined in the BCBS methodology [2] - The indicators are calculated following specific BCBS instructions, which may not be directly comparable to other disclosed information due to the regulatory rather than accounting consolidation scope [2] Additional Information - Relevant documents regarding the assessment methodology and indicators can be accessed at the provided BIS link [3]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Today, I am back for a review of French banking giant BNP Paribas ( OTCQX:BNPQY )( OTCQX:BNPQF ) following first quarter results . Like its U.S. counterparts, BNP enters earnings season with plenty of tariff-related questions hanging over it. Unlike U.S. banks, however, BNP's ADSsI like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'T ...