European Capital Markets 2Q05 Update

A Time to Consolidate

Publication Date	September 2005
Publisher	IDC
Product Type	Brief
Pages	10
ISBN Number	not applicable
Product Code	IDC01079

Price

£400.00
approximately: $747 | €507

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Summary

This Financial Insights quarterly update discusses how the second quarter of 2005 revealed significant European strength amid all the uncertainty, and discusses how consolidation accelerated. The European banks and capital markets got down to work as Basel II and the new IFRS regulations began to take effect. Despite the setbacks for the European constitution, 2005 may well be remembered as a turning point for European integration, shareholder power, and the spread of automation into the last bastions of traditional methods. The Financial Services Action Plan came in with plenty of grumbles, but the regulators showed they mean business, and the debate moved on to MiFID and the growing momentum of SEPA.

Companies Mentioned: London Stock Exchange; EuroNext; MTS; Banca Antonveneta; BNL; Citigroup; Deutsche Börse; TradeWeb; Unicredit; Warsaw Stock Exchange; Borsa Italiana

Content

In This Update
Events and Trends
- Some Strength in Adversity
- Figure: European Economic Sentiment Indicator, July 2004?June 2005
- Figure: European 1H04?1H05 Liquidity Growth by Exchange and MTS
- Figure: Number and Value of IPOs in Select European and American Exchanges, 2Q05
- Capital Market Events
What to Watch
Learn More
- Related Research
- Appendix: General Trend Commentary
- Figure: European Equity Market January 2005?June 2005 Growth by Index
- Figure: Market Capitalization and Growth in Select European Stock Markets, June 2005
- Figure: Value of Announced European M&A Deals 1H04?1H05 Growth by Country
- Figure: Value of Completed European M&A Deals 1H04?1H05 Growth by Country
- Synopsis