CPI prints for Germany, the UK and the US have all told a similar story: headline inflation is neutral to falling, while core inflation is rising modestly.
Investors in Asian bonds look set to benefit from the significant progress made in Asian economies, and more specifically bond market growth.
Anxiously watched by markets, the decision was taken by the Fed not to hike rates at the September FOMC meeting, despite recent economic improvements.
The low inflation environment looks set to stay as the ECB targets the ambitious goal of maintaining rates below but as close to 2% as possible.
Difficulties in China have intensified the sell-off in emerging market equities, leading to volatility and even stronger currencies depreciating quickly.
Much like in America, the Canadian GDP slowed in the first quarter of 2015, yet several factors make the developments in Canada more worrisome.
Since ECB president, Draghi’s ‘bumble bee’ speech, we have seen the return of volatility and can expect a tightening of ECB committment to the euro.
Having updated our investment outlook for the second half, we are now neutral on equities, long on high-yield corporate bonds and short the euro.
As monetary policies and and margin trading concerns fade, investors should be reassured that China A-shares look to continue their steady surge forward.
European small-cap equities look best placed to benefit from the real signs of recovery, with small- and large-caps in the US now seeming less compelling.
After the MSCI’s Market Classification Review, China A-shares are expected to be included in its global indices once some key issues have been resolved.
The ECB’s bond purchases could lead to a scarity of government bonds. Sovereign issuance in the eurozone was strong early this year but it will shrink.
Spring is here. Equity markets are soaring, the euro is falling. It would appear that the European Central Bank (ECB) […]
The efficient market hypothesis (EMH), which posits that market prices fully reflect all available information, has inspired a lot of […]
The ECB has, for the first time, published an account of a monetary policy meeting held by its governing council. In so doing the ECB joins the ranks of other leading central banks and provides greater transparency on the factors affecting its decision making.
Summary Bund yields are now at levels implying that the eurozone has gone ‘Japanese’. We think this conclusion is premature. […]
Weak demand for oil, the rise of shale oil and OPEC’s changing behaviour is what the market’s focus has been on regarding the plunge of +50% in oil prices
Here is our analysis of the situation regarding Greece following the meeting of the finance ministers of the eurozone (the […]