M&A Kept From ‘Kicking In’ by Three Issues: Citigroup’s Drury

The video discusses the recent rally in equity and credit markets amidst an uncertain outlook, which has impacted M&A volumes. It highlights the role of capital markets and liquidity trends, noting record volumes in debt capital markets. The discussion covers the lag in M&A activity, with expectations for a pickup in the second half of the year and into 2021. The video also addresses speculation around deals, the impact of COVID-19, and the influence of geopolitical tensions on cross-border activity, emphasizing protectionist measures in critical industries.

How does the speaker view the relationship between corporate outlook and deal consummation?

What are the implications of the tension between the EU and China on M&A activity?

What role does state aid play in the protectionist activity mentioned in the text?