20 September 2018
Markets and central banks
Italy’s 2019 budget – come va ?
Until Giuseppe Conte’s government presents their draft budget for 2019 at the end of September it will be a difficult […]
20 September 2018
18 September 2018
Investing
Long-term investment opportunities in China
“China’s economy has developed as its industrial revolution and internet revolution occurred at the same time. This leads us […]
18 September 2018
Markets and central banks
Monthly market overview – July/August 2018
Andrew Craig, Head of Financial Market Analysis & Publications, presents our market overview for July/August 2018 If you are having […]
13 September 2018
Investing
Navigating the trade war fears with the help of small caps
The backdrop for investors in US equity including small caps continues to be skewed towards the positive. Recent US economic […]
12 September 2018
Thought leadership and the outlook
Changing China’s incentive scheme in the new growth model
I have previously argued that President Xi Jinping is forcefully changing the political and economic incentives that have been in […]
11 September 2018
SRI
Global warming catches up with us
Experience teaches us that it’s best, where possible, to avoid being the bearer of bad news. Yet to front up […]
07 September 2018
Markets and central banks
Graphs of the week: US dollar rally running out of steam?
Exhibit 1: Changes in US dollar index (DXY) between March 2015 and 06/09/18 Source: Bloomberg, BNP Paribas Asset Management, as at […]
06 September 2018
Investing
Equity markets – August review
After rallying in July, global equities consolidated briefly in early August before falling until mid-month. Markets then shifted direction amid […]
05 September 2018
Markets and central banks
The Federal Reserve’s dollar dilemma
It would be an understatement to say that the Trump administration has presented challenges for the Federal Reserve. With the […]
04 September 2018
Investing
The M&A splurge continues – Buffett, feast or frenzy?
Mergers and acquisitions (M&A) in the listed equity markets have a chequered past, particularly when one publicly quoted company takes […]
03 September 2018
Emerging markets
China’s peer-to-peer lending in crisis as Beijing cracks down on debt
Once touted as a way to transform China’s financial sector to allocate capital more efficiently via market forces, China’s online […]
31 August 2018
Investing
Early August sell-off in EM debt – contagion crisis or buying opportunity?
Extent and cause of the recent sell-off Following a rebound in emerging market assets in July, the first 3 weeks […]
30 August 2018
Thought leadership and the outlook
Germany – the impasse over migrants dominates events
Early in the summer major tensions flared up within the German coalition government in a period also marked by German-Franco […]
29 August 2018
Markets and central banks
US monetary policy – how things stand going into the second half
The latest FOMC meeting of US monetary policymakers saw a further increase in the fed funds rate, while the guidance […]
28 August 2018
Markets and central banks
Bank of Japan tinkers at the edges of yield curve control
When the Bank of Japan (BoJ) surprised markets by tweaking the yield curve control (YCC) framework at its meeting on […]
22 August 2018
Markets and central banks
Will the Turkish crisis affect China and APAC emerging economies?
The value of Turkish lira against the US dollar started dropping sharply in early August (Exhibit 1) on concerns about […]
21 August 2018
Markets and central banks
Italy: market turmoil abates, but near-term risks remain
In recent months, financial markets have come to terms with the new political reality in Italy. The populist parties M5S […]
20 August 2018
Thought leadership and the outlook
Real estate debt: an opportunity identified
With cost of capital constraints forcing many banks to distribute part of their commercial real estate debt, many fund managers […]
