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Originating from the Netherlands, Schildershoven looks far beyond its European homeland to discover trading ideas worldwide: in Asia, Africa and the Americas.The firm’s analysts are on the lookout for truly productive medium- and short-term international investment opportunities with no bias towards any particular industry or region. In our surveys we avoid meaningless content and trite expressions, which are commonplace in financial publications on the street. Oft-repeated phrases and long-winded texts are time-consuming to read and difficult to work with. There is no value in idle speculations about events, which may or may not have any material or assessable influence on the markets at all. This is why we would not generate facile investment ideas to "buy assets because they are cheap" without being able to justify this transparently. Instead, our opinions are based on the logic that may prove reasonable to our clients the way they would reason the opinions of their own. This confidence helps make timely and responsible decisions when you trade. It is what we call the INTELLIGENCE™
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Life must be ‘gezellig’!

Schildershoven Finance is a Dutch company. Its origins deeply influence its nature, especially in business, how it interacts with its customers and partners, and its view of the world. Ferenc Brewster Managing Director Ferenc Brewster chose to take a look at himself and his fellow countrymen and share what he found with our blog readers….

30.09.2016 INTELLIGENCE™

• Russia’s intention to just maintain the oil output at current levels rather than decrease it following the OPEC countries’ move, may partly mitigate the positive effect of the cartel’s decision and limit the further upside in the oil market. • Czech Eurobonds remain attractive for investors as one of safe haven instruments in the…

29.09.2016 INTELLIGENCE™

• We assess the affirmation of the Domodedovo Airport’s rating, which followed the closure of the criminal case against its owner, as a positive factor. We still believe the DMEAIR’18 issue has an upside potential of around 50 bps in yield terms. • We consider the NVTKRM’21 issue has some upside potential as it trades…

28.09.2016 INTELLIGENCE™

• The Turkish corporate Eurobonds may outperform those issued by financial institutions given the Moody’s decision to leave them at the investment grade. We also do not rule out some spread compression of the issues to the sovereign yield curve. • We do not expect any additional reaction of the Turkish banks’ Eurobonds to the…

27.09.2016 INTELLIGENCE™

• We assess the preliminary results of Azerbaijan’s referendum as positive for the local bonds as they ensure political stability in the country, which always supports investor confidence. • We do not rule out some sales in the Turkish market in the coming days as some funds may need time to make decisions in their…

26.09.2016 INTELLIGENCE™

• We may see quite a deep correction in Turkish bonds today following the sovereign rating downgrade by Moody’s as the country has lost its second investment grade. • We don’t expect a significant impact from the Slovenia’s rating upgrade by Fitch as a higher credit rating was already priced in. • The termination of…

23.09.2016 INTELLIGENCE™

• The Turkish central bank’s decision to further ease monetary policy will positively affect the domestic bond market in short term. However, a strong Erdogan’s influence on the bank’s policy may eventually hurt foreign investors confidence and lead to the rating downgrade. • We do not rule out a negative impact from the S&P’s decision…