03 October 2019
Markets and central banks
A lack of conviction
Major equity indices recovered from some of the slippage in August: the MSCI AC World index gained 1.9% and the […]
03 October 2019
13 September 2019
Central bank watch
What’s the ECB’s objective? Thoughts after September’s meeting of the governing council
Future generations of savers may search for bonds bearing positive interest rates like pioneers in the US gold rushes during […]
04 September 2019
Investing
Developments and prospects for US inflation
From the perspective of US Treasury Inflation-Protected Securities (TIPS) investors, consumer price index (CPI) inflation continues to disappoint. Data released by the US Department […]
03 September 2019
Central bank watch
Shifts in trade policy drive equity markets in August
Financial markets continued to track news from the trade front. Equities fell in the very first trading sessions of August […]
27 August 2019
Investing
Breakevens broken?
One interesting feature of the recent price action is that despite the high conviction among investors that central bankers will […]
21 August 2019
Markets and central banks
Chart of the week – Heaven in the havens?
Market volatility has been seesawing so far in August as various events have fuelled talk of global recession. While we […]
06 August 2019
Central bank watch
Dovish central banks: investors want more
Equity investors focused on central bank language in July. On 10 July, during Jerome Powell’s semi-annual hearing before Congress, the […]
01 August 2019
Central bank watch
FOMC Meeting July 2019
The FOMC met 30-31 July and announced a rate cut of 25 basis points. This is the first rate cut […]
26 July 2019
Central bank watch
Meeting of ECB Governing Council in July – as close to action as they could get
After the 22 July meeting of the ECB’s Governing Council, the Policy Statement was about as dovish as could reasonably be […]
12 July 2019
Markets and central banks
Christine Lagarde, the European Central Bank’s next president
Following intense negotiations, EU leaders agreed in early July on the succession plan for the presidency of the EU Commission […]
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 […]
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 […]
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 […]
21 May 2019
Markets and central banks
Chart of the week – inflation: healthier than it is given credit for
While recent eurozone consumer price data signalled a rise in inflation, this has generally been attributed to erratic calendar (seasonal) […]
23 April 2019
Markets and central banks
The ECB turned more dovish in March
The tone of the March ECB meeting was more dovish than anticipated, with three key pieces of new information grabbing […]
08 April 2019
Markets and central banks
2019: Doves abound in the first quarter
Dovish policy actions by G3 central banks during the first quarter of 2019 are an acknowledgement that financial conditions do […]
05 April 2019
Markets and central banks
2019: markets fly in Q1 as central banks lift investor sentiment
Investors rediscovered their risk appetite after a weaker economic backdrop led major central banks to take their foot off the […]
