17 July 2019
Insights on market events
Chart of the week: Volume of negative-yielding debt rises sharply
Exhibit 1: Volume of negative yielding debt in multi-sector global bond index rises sharply as G3 central banks prepare to […]
17 July 2019
16 July 2019
Emerging markets
China’s growth stabilises in the second quarter, risks balanced
It’s tightrope walk time for China’s monetary authorities: do they ease further to irrigate the green shoots of recovery, or […]
16 July 2019
Insights on market events
Views on US economic growth and the outlook
For some months, our view has been that the US economy is transitioning from a (temporary) above-trend growth phase in […]
15 July 2019
Emerging markets
Another small step in China’s move to financial liberalisation
China took further steps in financial liberalisation in June. The Shanghai-London Stock Connect scheme was launched on 17th June, and […]
12 July 2019
Markets and central banks
Christine Lagarde, the European Central Bank’s next president
Following a period of intense negotiations, European Union (EU) leaders agreed in early July on the succession plan for the […]
12 July 2019
Emerging markets
Will the PBoC follow the Fed and cut rates?
With the US Federal Reserve signalling that it might cut interest rates this year, the question arises whether China’s central […]
11 July 2019
Investing
A multi-factor approach to US equities meeting both alpha and sustainability objectives
Given the significant allocation to US equities in global indices, investors are likely to be interested in strategies offering core […]
10 July 2019
Sustainable investing
What does ‘green’ mean? The EU’s taxonomy spells it out
The European Commission has published a report from the Technical Expert Group on sustainable finance (TEG)[1] on a proposed classification […]
09 July 2019
Equities
Chart of the week – Looking for reconciliation?
Is it a conundrum or a case of scratching harder to unearth what is actually going on? Apparently incompatible: bond […]
08 July 2019
Central bank watch
A sea change in investors’ outlook for the world economy
Bank of England (BoE) governor Mark Carney gave a concise analysis last week of how anticipations have evolved recently in […]
05 July 2019
Markets and central banks
Central banks commit themselves in June – But to what exactly?
June was characterised by a strong rebound in global equity valuations and a significant rise in bond markets as central […]
03 July 2019
Markets and central banks
Sino-US trade-war truce: How long will it last?
China and the US have agreed to resume the trade talks that have been halted since May as the US […]
02 July 2019
Investing
Chart of the week – China: not just talk – actually easing monetary policy
In China, monetary easing continues. In contrast to the recent shift toward talk of easier monetary policies among the G3 […]
28 June 2019
Markets and central banks
The Hong Kong dollar peg is different – long live the peg
The foundations of the Hong Kong dollar (HKD) peg include the internal and external balances, productivity growth and economic flexibility. […]
26 June 2019
Markets and central banks
Chart of the week: Dark clouds gathering for global trade
Global trade is at its weakest since 2010 [1] and growth looks likely to disappoint in the months ahead, especially […]
24 June 2019
Investing
4 things you should know about tech stocks and ‘antitrust’
Tech stocks have significantly outperformed the broader equity market in recent years, reflecting the rise of the digital economy Although […]
21 June 2019
Markets and central banks
FOMC meeting June 2019 – shaping up to reverse course
At its June FOMC meeting, the US Federal Reserve left the target for the fed funds rate at 2.25-2.50%, but […]
19 June 2019
Markets and central banks
Decoding Draghi: Reaction to Draghi’s Sintra speech
Given the market reaction to his comments – Italian BTPs rallying, front-end pricing in more ECB rate cuts, break-evens recovering, […]
