Global update: Shares advance on vaccine optimism
After a tumultuous year in which the coronavirus pandemic gripped the world, many major stock markets ended 2020 in positive territory.
5th Jan 2021
Emerging markets review: Investors welcome a Biden presidency
Share prices in China rose following the news of Joe Biden’s victory in the US Presidential election.
15th Dec 2020
Global update: A November to remember
It was a November for investors to remember as a widespread focus on the perceived safe havens of gold and government bonds was replaced by renewed interest in equities.
8th Dec 2020
Global update: The “second wave” breaks
Share prices fell heavily around the world during October as Covid-19 infection rates continued to rise.
2nd Nov 2020
US Election: 91 seconds with…
Paul Vincent, Portfolio Manager on the Ninety One American Franchise Fund, explains his Quality approach to navigating volatile equity markets in the run up to the election.
29th Oct 2020
Global update: Rising infection levels knock sentiment
Share prices generally fell during September amid concerns over rising infection levels and their potential impact on economic activity. Investors’ worries were compounded by doubts over Brexit negoti...
14th Oct 2020
Invesco | US elections: the current state of play
Listen back to the 1 October webinar, where Invesco’s Andy Blocker, Head of US Government Affairs, updated us on the latest political developments.
6th Oct 2020
The Week: Tough times for Uncle Sam
The upcoming election has showed US democracy in an unflattering light: there are tough times ahead for the land of stars and stripes.
1st Oct 2020
Five consequences of ‘lower for longer’ interest rates
As the damage to the global economy from Covid-19 becomes clear, few central bankers would contemplate raising rates.
28th Sep 2020
The Week: Is there hope for friendless emerging markets?
With a low Dollar, low valuations and recovering economies, these should be buoyant times for emerging markets, but buyers are thin on the ground.
10th Sep 2020
The Week: Global dividends: a port in a storm?
Have global dividends been hit as hard as UK dividends? The Janus Henderson Global Dividend index shows some markets are yet to see an impact.
26th Aug 2020
The Week: A last hurrah for growth stocks
The value of Apple hit $2trillion this week after a significant rise in its share price over the last three months.
20th Aug 2020
Global update: The other “R” number … Recession
Early in July, investors were buoyed by news of progress in the development of coronavirus vaccines. However, as the month continued, optimism was tempered by a surge in infection rates in countries i...
11th Aug 2020
Emerging markets review: Bleak outlook for Brazil
During June, the World Health Organisation (WHO) warned that the coronavirus pandemic had entered “a new and dangerous phase” as cases continued to surge in Brazil and the US.
5th Aug 2020
The Week: Will Covid-19 end US market dominance?
US markets have outperformed for a decade, but can this continue in the face of a woeful Covid-19 response and political uncertainty?
Global update: Fears over a possible ‘second wave’
June proved to be a choppy month for investors as hopes of economic recovery were tempered by fears of a second wave of infection as instances of COVID-19 surged in parts of the US.
6th Jul 2020
Global bond market review: Corporate defaults on the rise
US Treasury bond yields rose during May: government spending continued to rise and central bank policy showed signs of shifting as Federal Reserve Chair Jerome Powell emphasised that the Fed would tak...
10th Jun 2020
The Week: Have markets moved too far, too fast?
Markets have seen one of the quickest rebounds in history, to the extent that investors are starting to wonder whether they might have gone too far.
3rd Jun 2020
Global bond market review: A bleak outlook
Although equity markets recovered to some extent during April, investors’ appetite for risk remained weak. Bond yields picked up towards the beginning of the month amid cautious optimism.
19th May 2020
Fidelity International | Market Perspectives: Asia and Emerging Asia
Fidelity Asia Fund manager Teera Chanpongsang talks us through how Asian businesses have adapted to the pandemic, the potential for increased US-China trade tensions and his latest portfolio positioni...
12th May 2020
Invesco | Core US exposure, with ESG criteria
Chris Mellor and Jaspreet Duhra (Senior Director of ESG Indices at S&P Dow Jones Indices) discuss an ESG alternative to the S&P 500 index.
7th May 2020
Global update: March meltdown
The extended bull run came to an abrupt end in March as the coronavirus continued to spread into Europe and America, and a collapse in confidence pushed share indices into bear-market territory.
20th Apr 2020
The Week: Are we going bust?
Government bailouts look set to explode already stretched deficits. While necessary in the short-term, what may be the longer-term consequences?
2nd Apr 2020
The Week: What does it cost to support markets? $2 trillion
The US emergency fiscal stimulus package has finally passed and markets are grateful, but could it create long-term problems?
26th Mar 2020
The Week: Bye-bye the ‘V’ shaped recovery; hello the ‘L’ shape
A V-shaped recovery now looks vanishingly unlikely, but could any good come of the financial market meltdown?
19th Mar 2020
Fed cuts rates to near-zero
In an unprecedented move, the US Federal Reserve (Fed) announced its second consecutive emergency rate cut as central banks around the world launched co-ordinated action to support the global economy.
16th Mar 2020
The Week: What markets really, really want...
Markets have their fiscal and monetary stimulus, but still they’re not happy. What would it take to improve market sentiment?
12th Mar 2020
The Week: Federal Reserve: not enough or too much?
The Federal Reserve surprised markets by announcing a 50bps interest rate cut in an attempt to calm market nerves. The move hit a bum note, prompting a further sell-off in the equity market.
5th Mar 2020
Global bond market review: Bond yields hit record lows
Global bond yields extended their January declines into February as investors became increasingly worried about the potential economic impact and human cost of the coronavirus.
Asia Japan market review: Double-digit falls in Japan
Asian markets came under pressure during February as coronavirus continued to tighten its grip. By the end of February, South Korea was second only to China in terms of diagnosed cases of coronavirus,...
4th Mar 2020
Global bond market review: Seeking safe havens
Global bond yields declined during January as investors sought safe havens against a backdrop of rising worry over the Coronavirus.
13th Feb 2020
Europe market review: ECB launches review of its monetary policy strategy
The eurozone’s economy expanded by only 0.1% during the fourth quarter of 2019.
12th Feb 2020
UK bond market review: Flight to safety
Gilt yields fell during January as investors sought the perceived safety of government bonds
M&G Investments: The race is on: US Presidential election 2020
M&G's Investment Director, Ritu Vohora looks at what the wide range of potential policy outcomes could mean for investors.
10th Feb 2020
Global update: Coronavirus hits investor sentiment
Investor sentiment was initially buoyed in January as the US and China signed their interim trade deal, driving US share indices to new all-time highs.
4th Feb 2020
The Week: Is China’s growth assured?
This week saw the widely-awaited trade deal struck between the US and China.
23rd Jan 2020
Global bond market review: Investors eye riskier assets in December
A mood of tentative optimism blunted the attractions of government bonds during December.
15th Jan 2020
Emerging markets review: US and China agree “Phase One” trade deal
Investor sentiment was lifted during December by the news that the US and China had reached a preliminary “Phase One” trade agreement in its long-running trade war.
The Week: The rise and rise of indexation
As index funds smash records, their influence on pricing in global stock markets is increasing. Can active managers put up a credible defense?
8th Jan 2020
US market review: No resolution to the trade conflict
US share prices were boosted during November by hopes that the US and China might find a resolution to their protracted trade conflict.
20th Dec 2019
Europe market review: Germany avoids recession
The eurozone’s economy almost stalled during November, according to IHS Markit, which reported the lowest level of activity for two months.
Global update: Brexit takes a back seat
Although politics continued to dominate newsflow and sentiment in the UK during November, Brexit was superseded by the General Election as the focal point.
10th Dec 2019
Is this the answer to the US/China trade war?
In context of the US/China trade war, agriculture could well be the area that prompts both countries to come to an agreement, according to Robin Wehbé, portfolio manager at Mellon, part of BNY Mellon...
BNY Mellon Investment Management
28th Nov 2019
Invesco | Flying update: Weak patch for US Treasuries
In 102 seconds, Head of Fixed Income Products Lewis Aubrey-Johnson examines US government bonds, which are at their weakest for around a year. How will this affect bond markets?
25th Nov 2019
Bright sparks in autos and tech shine through clouds of US/China trade tensions
A choppy earnings season and ongoing concerns over political risk have cast a pall over the tech sector in recent months.
BNY Mellon Investment Management
13th Nov 2019
Global bond market review: Fed cuts rates once again
Following a raft of interest-rate cuts in the third quarter of 2019, the loosening monetary trend continued into the fourth quarter as central banks reduced their key rates.
7th Nov 2019
Emerging markets review: China’s slowdown continues
The pace of economic growth in China continued to slow during the third quarter, dampened by the ongoing trade conflict with the US.
Three US infrastructure stories for the future
Global infrastructure manager Jim Lydotes outlines three US holdings that are more than they seem based on their sector classification.
BNY Mellon Investment Management
6th Nov 2019
Global update: Election fever
October saw the UK plunge into election fever as progress on Brexit once again ground to a halt.
6th Nov 2019
Europe market review: ECB restarts QE
During September, the European Central Bank (ECB) announced another programme of economic stimulus measures designed to shore up the eurozone’s faltering economy.
15th Oct 2019
The Week: As trade talks resume, how optimistic should we be about the prospects for a deal?
As trade talks resume, how optimistic should we be about the prospects for a deal?
9th Oct 2019
Global update: What next for Brexit?
The long-running Brexit saga took a new twist in September as the clock continued to tick towards its Hallowe’en deadline.
3rd Oct 2019
The Week: Does manufacturing matter?
As US manufacturing slides, how important is it for global economic growth? And would trade talks resolve the problem?
2nd Oct 2019
The Week: Is stockpicking enough in a populist era?
Fund managers are fond of emphasising that they focus on stockpicking rather than troubling themselves with the broader macroeconomic landscape.
25th Sep 2019
Invesco | What does the inverted US yield curve tell us?
The US yield curve inverted for the first time since 2007. What is the yield curve’s success in predicting previous US recessions? Is the inversion consistent with US data? What other reasons could be...
17th Sep 2019
Global update: Parliament’s suspension creates controversy
The prospect of a no-deal Brexit crept closer during August as Prime Minister Boris Johnson announced that Parliament would be suspended.
4th Sep 2019
The Week: Global dividend growth slips as corporate profits dip
The deceleration in the global economy is making an impact on global dividends, finds the latest Henderson Global Dividend Index.
22nd Aug 2019
UK equity market review: Sterling falls on no-deal speculation
Sterling fell sharply against the US dollar and euro during July as the prospect of a no-deal Brexit began to appear increasingly possible.
19th Aug 2019
Global bond market review: Central banks around the world cut rates
Investors saw a raft of interest-rate cuts during July, as central banks sought to address slowing economic growth and subdued inflationary pressures.
Emerging market review: China’s slowdown continues
China’s economy continued its slowdown during the second quarter of 2019, expanding at an annualised rate of 6.2%. The country’s economy grew by 6.4% during the first quarter.
US market review: Fed cuts rates for the first time since 2008
US equity markets reached new closing highs during July, and the S&P 500 Index breached 3,000 points for the first time ever.
Macro Matter blog: The Fed could NIRP a downturn in the bud
Few economists believe the widely expected Fed rate cut will start another prolonged easing cycle.
Legal & General Investment Management
16th Aug 2019
Macro Matters blog: Here we go again
Our medium-term view on markets is changing. Recession probabilities are increasing and trade wars are not helping. This makes us shy away from buying during market dips.
The Week: Yield Curve
The US yield curve has finally inverted. It’s spooked equity markets, but does it necessarily mean recession is imminent?
15th Aug 2019
Currency wars: tweetstorm in a cup?
The Fed delivered its much anticipated interest rate cut at the end of July. In this month’s video, Investment Director, Ritu Vohora looks at the implications for the US dollar. Could the US Treasury...
14th Aug 2019
The Week: A new world order threatens capitalism
After significant falls this week, have markets recognised that China/US trade wars are part of a deeper problem?
8th Aug 2019
The Week: The Fed has bitten the bullet on interest rates
The Federal Reserve has bitten the bullet on interest rates, but will the 25bps rise make any difference to the global economy?
1st Aug 2019
The Week: China GDP: time to panic?
There was much hand-wringing this week as China announced the slowest growth in almost 30 years. Should investors be worried?
18th Jul 2019
Asian Japan markets review: Trade tensions hit growth in Asia
Economic growth picked up in Japan during the first quarter of 2019, despite the continuing trade tensions between the US and China.
10th Jul 2019
Emerging markets review: Trade negotiations reopen
The trade relationship between China and the US continued to dominate investor sentiment during June.
Global bond market review: Central banks start to ease
Bond yields continued their decline into June: prices rose as several central banks loosened their monetary policy stance.
UK bond market review: Gradual tightening strategy remains intact
UK government bond yields fell over the first six months of 2019, boosted by rising demand for gilts driven by political uncertainty.
Global update: Brexit: no further forward
The third anniversary of the Brexit referendum came and went in June, and still the issue of Brexit remained up in the air.
4th Jul 2019
The Week: Monetary easing resumes: will markets be impressed?
It is deja vu all over again. This week, central banks have hinted at further rate cuts, but is monetary easing losing its potency?
27th Jun 2019
FWB - Brits abroad: three companies that could conquer the US
What do Cineworld, JD Sports, and Fever-Tree have in common? The answer lies in transformational strategies across the pond.
Legal & General Investment Management
26th Jun 2019
Emerging markets review: Trade wars bite
Although the US and China had been widely expected to agree a trade deal, US President Donald Trump instead confounded hopes.
12th Jun 2019
Global bond market review: Trade conflicts driven down yields
Bond yields fell during May as the trade conflict between the US and China took an unexpected turn.
UK bond market review: Brexit worries fuel demand for gilts
Amid rising speculation over the likelihood of a no-deal Brexit, gilt prices surged and yields plummeted in May as investors scrambled for investments perceived to be safe havens.
All eyes on trade
In this month’s video, Investment Director, Ritu Vohora looks at the escalating trade war between the US and China, with tensions reducing risk appetite and intensifying fears of a global economic slo...
10th Jun 2019
America’s China Challenge – Read the Latest Issue of Baillie Gifford’s Enlightenment magazine
US companies are under pressure from Chinese rivals looking to dominate their home market and satisfy global ambitions. Read about this and more in the latest issue of Enlightenment, the funds magazin...
7th Jun 2019
Global update: US/China trade war escalates
Prime Minister Theresa May finally announced that she was resigning as leader of the Conservative Party on 7 June. Her decision triggered a leadership contest alongside rising concerns over the possib...
4th Jun 2019
FWB - Breaking up: US and China
Tim Drayson, Head of Economics at LGIM, said, Xi said: President Trump believes tariffs are great for the US because China is paying; the evidence suggests otherwise.
Legal & General Investment Management
3rd Jun 2019
The Week: Can the US retain its innovation crown?
The long-term outperformance of the US stock market has many possible explanations.
16th May 2019
Global bond market review: Europe weakens
Demand for government bonds generally rose during April against a backdrop of intensifying concerns over the global economic outlook.
14th May 2019
The Week: Wobbly markets
Markets have been wobbly this week as the China/US truce appeared to be in jeopardy.
9th May 2019
FWB: Making up: US and China
The trade war has clearly disrupted trade flows, but better growth and positive signs of a deal might mean the Fed has overdone its dovish pivot.
Legal & General Investment Management
8th May 2019
LGIM Talks: Let's rebuild America
The recent soft patch in growth and dovish shift from the Federal Reserve has made it less likely that the US enters recession next year.
Legal & General Investment Management
25th Apr 2019
US market review: Bull market celebrates its tenth birthday
The US bull market became the longest bull market in the history of the S&P 500 Index during March, celebrating its ten-year anniversary on 9 March.
17th Apr 2019
UK bond market review: Brexit uncertainties are unresolved
Following Parliament’s rejection of a no-deal Brexit, sterling surged against the US dollar to its highest level since June 2018 and against the euro to its highest level since April 2017.
Global bond market review: European slowdown drives demand for bonds
Fears of an economic slowdown in Europe rattled investors during March, and European government bond yields fell as investors sought perceived safe havens.
Emerging markets review: China cuts economic forecast
China’s leaders cut their economic growth forecast for 2019 to 6% to 6.5%, compared with last year’s target of around 6.5%.
The Week: Why do we still group funds by geography?
In a globalised age, why do we persist in grouping funds by geography?
11th Apr 2019
Global update: Brexit postponed…
“Brexit Day” – 29 March – came and went, but the UK remained in the EU. The UK was forced to seek an extension to the Article 50 process as Prime Minister Theresa May failed to get her Brexit deal thr...
9th Apr 2019
Macro Matters blog: US economy: Extending the cycle
The recent soft patch in growth and dovish shift from the Feb has made it less likely that the US enters recession next year.
Legal & General Investment Management
29th Mar 2019
The Week: Active vs Passive
A new report from BMO Global Asset Management has issued a major challenge to the assumption that passive funds always outperform the average active manager.
28th Mar 2019
FWB: Consumer of last resort
Amid all the global economic and market uncertainty, conviction about the macro outlook is low. But the one engine of growth Tim Drayson, Head of Economics at Legal & General IM, thinks we can rely on...
Legal & General Investment Management
22nd Mar 2019
The Week: ‘Feemageddon’ warning for asset managers
Today’s headlines warned of a ‘feemageddon’ for asset managers, as a new report showed fees on US equity funds fell to a new record low last year.
21st Mar 2019
Invesco | A dose of optimism in US equity markets
After a build-up of negative sentiment towards the end of 2018 – Simon, US Equities Fund Manager and John Botham, Global Equities Product Director discuss how that sentiment has changed since January...
12th Mar 2019
M&G Investments | Earnings season – some welcome surprises?
Ritu Vohora, Investment Director, offers some key takeaways following the latest round of quarterly earnings announcements. Results were better than feared, with actual reported earnings surprisingly...
11th Mar 2019
Emerging markets review: End of trade dispute within sight?
Despite signs of an ongoing economic slowdown in China, share prices performed strongly during February. The US announced that it would postpone its planned tariff increases on Chinese exports.
6th Mar 2019
US market review: A temporary end to the shutdown
Following its worst December since 1931, the S&P 500 Index experienced its best January since 1987. Investors appeared to shrug off the implications of a protracted partial shutdown of the federal gov...
25th Feb 2019
Invesco | 2019 investment outlook: US equities
We see a tricky year where markets will debate the potential for sustained US growth with the potential for a globally driven US slowdown. Simon Laing, Head of US equities shares his thoughts on the U...
14th Feb 2019
The Week: Markets rebound; but why?
Markets re-found their footing this week with European stock markets hitting a three month high.
14th Feb 2019
Throwing in the Powell: implications of the Fed policy shift
The US central bank has made a dramatic about-turn in its policy stance. Tim Drayson, Head of Economics at Legal & General Investment Managament, looks at what this means for the US economy and market...
Legal & General Investment Management
13th Feb 2019
Global update: Brexit: more talk, no action?
Having dominated financial markets in 2018, political issues intensified into 2019 in the UK and the US. The UK inched closer towards the Brexit deadline without any sign of a resolution.
5th Feb 2019
Global update: 2018: worst year since 2008 for equity markets
2018 proved to be the worst year for global markets since 2008. The MSCI World Index fell by 10.4% over the year as a whole, dragged down by widespread economic and political concerns. Markets seesawe...
7th Jan 2019
“A mood of angst”
As expected, the Federal Reserve (Fed) rounded off 2018 with its fourth interest-rate increase of the year, and its ninth since 2015. Fed policymakers raised the key federal funds rate by 25 basis poi...
21st Dec 2018
The Week: Reasons to be cheerful 2019
2018 hasn’t been a classic year in markets, here are a number of reasons why investors can look forward to 2019 with more enthusiasm.
20th Dec 2018
The Yield Curve: Economic Outlook for 2019
The yield curve gap has been a powerful and accurate predictor of recessions over the last 40 years. This month, we examine the recent movements in the yield curve and the implications of the shape of...
19th Dec 2018
Fidelity International | Hold on to your hat
Politics and economics are so often closely tied together, and Bill McQuaker, Portfolio Manager of the Fidelity Multi Asset Open range, believes that 2019 will be no different. Hear how policy makers...
19th Dec 2018
Asian Japan markets review: Japan faces economic headwinds in 2019
Japan’s economy contracted at an annualised rate of 2.5% during the third quarter of 2018, compared with an earlier calculation of -1.2%. Activity was curtailed during the year by a series of natural...
18th Dec 2018
Emerging markets review: Emerging markets underperform over 2018
Emerging markets performed better than broader world markets during December, but underperformed global markets over 2018. Following a protracted war over trade tariffs, China and the US finally agree...
US market review: Partial shutdown for the US government
Although US equity markets hit record highs during 2018, they ended the year in negative territory, pulled down by concerns over trade tensions, rising interest rates, a partial shutdown of the federa...
10th Dec 2018
Emerging markets review: Investors hope for trade resolution at G20
Emerging markets generally performed more strongly than the broader global equity market during November, boosted by hopes that the US and China might resolve their ongoing trade dispute at the G20 su...
7th Dec 2018
Global bond market review: A choppy month for bond investors
A turbulent October sent investors scrambling for the perceived safety of “haven” assets such as the Japanese yen, US Treasury bonds, and gold.
9th Nov 2018
Global update: October’s global sell-off
October proved a torrid month for investors as equity markets fell heavily. The global sell-off was attributed to a range of factors, including concerns over Italy’s budget, wider worries about Brexit...
The Week: US Midterms - a check on Trump's power
Trump’s unique brand of rhetoric failed to chime with voters in the mid-terms – what does it mean for investors?
Markets have rallied since the mid-term elections...
8th Nov 2018
Can the bull still ride on?
Winter is closing in, British summer time has ended and I’m reminded of a quote from the great Yogi Berra, “It’s getting late early”. But while our evenings may be darker, in t...
Legal & General Investment Management
5th Nov 2018
The Week: Has the US economic miracle come to an end?
The volatility in markets this week appears to have been caused by a belief that the US economic miracle is about to come to an end. Trump only has himself to blame
25th Oct 2018
US market review: Sharp falls in US share prices
Having risen by over 25% over 2017, the Dow Jones Industrial Average Index fell during February to levels last seen at the end of November.
23rd Oct 2018
Invesco | John Greenwood’s quarterly economic outlook: Q4 2018
With problems in emerging markets continuing to grab headlines and an escalation of the tariff wars between the US and China, how concerned is John about the potential impacts on the global economy?
19th Oct 2018
US interest rates reach a ten-year high
The US Federal Reserve raised its key federal funds rate by 0.25 percentage points to a range of 2% to 2.25% at its September monetary policy meeting. The unanimous decision represented the third incr...
19th Oct 2018
The Week: Wobbly times
Stock markets have started to wobble. A sell-off in Asia has spread across the globe. Having been talked about for months, is the sell-off finally here?
The catalysts for the sel...
11th Oct 2018
Fed tightens rates
US Treasury bond yields increased as investors awaited the next development in the trade war between the US and China. The yield on the ten-year Treasury bond rose as high as 3.1%, b...
5th Oct 2018
China accuses US of “trade bullyism”
The trade war between the US and China continued to escalate during September. Following the US’s imposition of levies on US$200 billion-worth of Chinese products, China announ...
Tit-for-tat trade war continues
As the trade war between the US and China rumbled on, the US imposed tariffs of 10% on US$200 billion-worth of Chinese products, rising to 25% on 1 January next year, and China retal...
4th Oct 2018
Valuation and its role in investing
24 September 2018
Simon Laing, Head of US Equities, Invesco
It’s hard to have a conversation on the US markets these days without being drawn to a debate on value versus growth.
3rd Oct 2018
Global update: EU rejects Chequers plan
he possibility of a hard Brexit came more sharply into focus during September as an EU summit in Salzburg rejected Prime Minister Theresa May’s Chequers plan. European Council (EC) President Don...
2nd Oct 2018
The Week: The Fed tightens rates, but do money markets share its optimism?
As the Fed hikes rates once again, and predicts more rises this year and next, the yield curve continues to flatten.
27th Sep 2018
The Week: As the China/US trade war escalates, what will bring it to an end?
The US/China trade war accelerated again this week.
20th Sep 2018
The Week: What does good diversification look like?
Diversification used to be easy. Investors just had to mix equities and bonds. Not so today, as the influence of passive funds and monetary policy weighs on markets.
6th Sep 2018
S&P 500 achieves its longest-ever bull run
The S&P 500 Index achieved its longest bull market in history, superseding the previous record of 3,452 days that was set during the technology boom of the early noughties. The US r...
5th Sep 2018
A tough month for emerging markets
Emerging markets generally fell during August, undermined by an increasingly hawkish US central bank, a strengthening US dollar and unease over escalating trade tensions. The Turkish li...
US yield curve flattens
As the US yield curve has continued to flatten, some officials at the Federal Reserve (Fed) are monitoring its trajectory for evidence of economic downturn. In the past, narrowing sprea...
Global update: What's next for Nafta?
Trade talks took a fresh turn during August as the US and Canada failed to reach agreement over the renegotiation of the North American Free Trade Agreement (Nafta).
Is the US hot or not?
The Federal Reserve isn’t worried about the US overheating, but should investors be concerned?
30th Aug 2018
The Week: A bumper year for global dividends, but what about the UK?
The latest statistics from the Janus Henderson Global Dividend index show payouts improving across the globe, but the UK appears a notable laggard.
23rd Aug 2018
Do Stock Market Corrections Lead Recessions?
Investors will be aware that the current 10-year bull-run within the stock market is one of the longest in history. This period of positive performance has coincided with growth in western economies t...
21st Aug 2018
Global bond market review: Trade fears stoke bond yields
Global bond yields generally rose during July as escalating trade tensions undermined investors’ confidence. Nevertheless, despite concerns over the possible impact of the deepening trade wars, Federa...
14th Aug 2018
Emerging markets review: No winners in a global trade war
During July, President Donald Trump imposed US$34 billion in tariffs on Chinese goods, prompting China to respond with US$34 billion of levies on US imports. The US announced plans to imp...
Europe market review: Junker and Trump discuss trade
As the US imposed controversial tariffs on Chinese imports – and China responded in kind – President Donald Trump met with European Commission President Jean-Claude Juncker. The two parties agreed to...
9th Aug 2018
Global update: Deal or no deal?
Investors became increasingly preoccupied by the possibility of a “no-deal” Brexit during July as the UK’s Parliament broke up for the summer recess.
US GDP: keep dancing while the music is playing?
Is US GDP running at over 4% encouraging or scary? On the one hand it seems that the engine of the world economy is in rude health; but it may also accelerate the pace of interest rate rises and haste...
2nd Aug 2018
Global bond market review: Rising demand for “safe havens”
Demand for investments perceived to be “safe havens” – such as US Treasury Bonds, the Japanese yen and the Swiss franc – was boosted during the month by concerns o...
16th Jul 2018
US market review: “Losers on both sides”?
Trade dominated newsflow and sentiment in the US during June. Investors endured a lacklustre month as financial markets reacted to the latest moves from the US Government and its key trad...
Emerging markerts review: Sino-US relations continue to sour
June proved to be a challenging month for emerging market investors as trade tensions between the US and China continued to escalate. Following US President Donald Trump’s decision...
13th Jul 2018
The Week: The US: how long can the party last?
The US market has been labelled over-valued, over-concentrated and over-indebted, but still it continues to rise. What might disrupt its trajectory?
12th Jul 2018
Why Do Factor Returns Exist?
The reasons for the existence of factor premiums is hotly debated. Those in the mispricing camp believe that factor premiums exist because investors misprice stocks, while those in the risk-based camp...
11th Jul 2018
Trade tensions intensify
Financial markets in June were soured by the rapidly deteriorating trade relationship between the US and China. The IMF warned that the US’s aggressive trade strategy risked harming the global economy...
2nd Jul 2018
The Week: Talking bulls
The US bull market is on course to be the longest in history, but that inevitably means it is closer to the end that the beginning.
The US bull market has just 53 days left to beat the longest...
28th Jun 2018
Invesco | What impact have recent macro events had on global equity markets?
We have witnessed a fractious G7 meeting, rising trade tensions between the US and China, coupled with the rise of a populist government in Italy and cracks in emerging markets. In this video, Nick Mu...
22nd Jun 2018
FOMC raises rates at their June meeting
US Federal Reserve (Fed) policymakers raised interest rates for the second time this year, increasing the key federal funds rate by 0.25 percentage points to a range of 1.75% to 2%. The decision was w...
18th Jun 2018
The Week: Why are global investors moving back to the US?
Valuations are expensive, there’s an unpredictable egoist in charge of the economy and stock market growth has been heavily geared to a number of companies whose moral position now looks dangerously i...
14th Jun 2018
Emerging markets review: Argentina raises rates to 40%
Sentiment towards emerging markets was undermined during May by speculation that US monetary policy is likely to tighten more aggressively than previously anticipated, and by escalating co...
11th Jun 2018
Europe market review: EU hit by US levies
Trade tensions and political instability unsettled European investors during May. Markets were dealt a blow by the news that US President Donald Trump had decided, after all, to impose tar...
Global bond market review|: Political turmoil in Italy
Having breached 3% for the first time since 2011 in April, the ten-year US Treasury Bond yield rose above 3.10% in May. As the month progressed, however, Treasury bond yields subsided, dam...
M&G Investments | Equities Market Perspective
In this month’s update Ritu Vohora, M&G Investment Director, explores the impact of rising US yields and a resurgent dollar on emerging markets. Is this a déjà vu of 2013’s ‘Taper Tantrum’?
11th Jun 2018
US market review: Escalating trade tensions
The prospect of global trade wars moved closer during May. The US announced that it would start imposing tariffs on steel and aluminium imports from the EU, Canada and Mexico, and also on...
8th Jun 2018
The Week: Is the recent emerging market decline terminal?
Emerging markets have suffered over the past few months, as the Dollar has strengthened and US bond yields have risen.
7th Jun 2018
Global update: Trade wars on the horizon
Corporate news took a back seat during May as political developments directed investor sentiment. The possibility of an international trade war moved closer during the month as the US pres...
4th Jun 2018
US market review: Strong beginning to the Q1 earnings season
Strong first-quarter earnings reports provided a boost for investors who have been distracted by ongoing political developments and concerns over possible trade wars. Of the companies th...
22nd May 2018
Global bond market review: 10-year Treasury bond yields breach 3%
The ten-year US Treasury Bond yield rose above 3% for the first time since 2011 during April, stoked by mounting concerns over the outlook for inflation. The price of oil continued to cl...
Corporate activity grips UK markets
Despite ongoing Brexit-related uncertainties and fresh political instability in the UK, newsflow during April was dominated by a wave of corporate activity. Elsewhere, the ECB reassured...
1st May 2018
The Week: Is the market peak behind us?
At the recent Jupiter annual dinner, two fund managers debated whether the markets peaked on 26 January.
26th Apr 2018
Emerging markets review: Looming trade war knocks sentiment
China’s relationship with the US deteriorated during March following President Donald Trump’s decision to impose a series of new tariffs intended to safeguard US interests.
17th Apr 2018
Are markets right to be spooked?
As market volatility increases on the back of mounting geopolitical tensions, can this be dismissed as ‘short term noise’ – or is there more at work?
Geopolitical tension has s...
12th Apr 2018
Global update: Rising US protectionism knocks sentiment
Investor sentiment during March was marred by mounting levels of US protectionism.
6th Apr 2018
US market review: Trump threatens trade war
March was a controversial month for the US as President Donald Trump implemented a range of measures designed to protect America’s interests
5th Apr 2018
The Week: Is a trade war really ‘easy to win’ for the US?
Who wins in a trade war? Donald Trump believes that trade wars are ‘easy to win’, but what does winning look like?
FOMC raises rates
US interest rates rose and economic forecasts were upgraded at the March meeting of the Federal Open Market Committee (FOMC). In a move that was widely anticipated by investors, policymakers voted una...
22nd Mar 2018
The Week: Time to relax?
Markets appear on a surer footing following the volatility at the start of the year, but can it last?
15th Mar 2018
Global bond market review: US bond yields continue to rise
Global bond investors experienced an eventful February as investors faced up to the possibility that interest rates in the US might rise sooner than anticipated.
14th Mar 2018
UK bond market review: Gilt yields continued their rise in February
Having risen strongly during January, gilt yields continued their upward journey in February.
9th Mar 2018
Global update: Global sell-off in February
Equity markets experienced a global sell-off during early February triggered by concerns that US interest rates might rise more rapidly than previously expected. Equity indices in the...
2nd Mar 2018
The Week: Should investors be worried about an M&A bubble?
US cable operator Comcast has announced a £22.1bn bid for Sky, potentially thwarting a planned takeover by 21st Century Fox. At the same time, Warren Buffett has said cheap debt is fuelling a &l...
27th Feb 2018
The Week: The big data revolution in active management
This week, the Financial Times reported that BlackRock was setting up a new lab in Silicon Valley, specialising in artificial intelligence.
22nd Feb 2018
What has driven stockmarket returns and what will drive them in future?
When we look back over the past three years, investors have earned remarkably similar returns in local currency terms in very different parts of the world.
UK, eurozone, Japanese and emerging marke...
19th Feb 2018
Global bond yields rise sharply in January
Bond yields generally rose sharply in January as investors moved away from global fixed income, triggering speculation over the possibility of a bear market for bonds.
14th Feb 2018
US market review: Government shutdown hampers US sentiment
A three-day shutdown of the US federal government dampened investor sentiment as politicians reached deadlock over immigration policy.
The Week: An alternative perspective on the bond market?
The economy is rolling and it’s all bad news for the bond markets, right? But is there an alternative view?
13th Feb 2018
Global update: Sterling regains pre-Brexit levels
The pound strengthened to its highest level against the US dollar since the Brexit referendum in June 2016, rising above US$1.40. Although sterling was lifted by weakness in the US...
8th Feb 2018
The Week: Veteran investor Byron Wien gives his 10 ‘surprises’ for the year ahead
Since 1986, veteran analyst Byron Wein, vice chairman of Blackstone Advisory Partners of Blackstone, has published his 10 ‘surprises’ for the year ahead.
25th Jan 2018
Pedalling harder just as the brakes are being applied
My brother-in-law is a cycling fanatic. I asked him the other day if there is a technical term to describe pedalling while the brakes are being applied. He thought about this for a moment, before sugg...
Square Mile Research
25th Jan 2018
The Week: Why do US equities keep rising?
It’s tough to find an asset allocator with an overweight position in US assets. Most agree that the stock market is expensive.
18th Jan 2018
A record-breaking year for US equities
US equity indices reached new highs during December as President Donald Trump’s controversial tax reforms were approved by US lawmakers and signed into law. Meanwhile, as expect...
10th Jan 2018
US rates rise for a third time in 2017
The US Federal Reserve (Fed) raised its key interest rate by 0.25 percentage points at its December meeting. The Federal Open Market Committee (FOMC) has implemented a total three rat...
22nd Dec 2017
The Week: Everything is rosy in the economic outlook, so why don’t we feel happier?
In such a good environment, investors are surprisingly gloomy. Is it time for some Christmas jollity?
7th Dec 2017
Global update: Renewed aggression from North Korea
North Korea returned to the forefront of investors’ awareness in November following its decision to fire another ballistic missile towards Japan.
5th Dec 2017
Global update: Politics dominate in October
Politics grabbed the spotlight during October, and global investor sentiment was affected by mounting political crisis in Spain, General Elections in Japan and Austria, and continuing developments &nd...
7th Nov 2017
M&G Investments | BVTV: Time for a US healthcare check-up
Heated debates about proposals to repeal and replace Obamacare and generic pharmaceuticals feeling the pain of pressures on drug prices. There are many reasons to take a closer look at the US healthca...
29th Aug 2017
The Week: Valuations - might it be different this time?
Investors have been fretting about valuations for some time, and the recent wobbles in markets seem to endorse the fragility of current equity pricing.
Stock markets look increasingly overvalued...
17th Aug 2017
Europe market review: Economic sentiment improves in the eurozone
The European Central Bank continued to play down speculation that it is poised to begin winding down its programme of stimulus measures.
14th Aug 2017
Key Indicators of a New Recession
It is widely believed that a low rate of unemployment and high rate of inflation are key signs of a healthy economy. While this may be the case, these characteristics are also the ones that are most l...
8th Aug 2017
Global update: Inflation remains a conundrum
Global equity markets generally rose during July, underpinned by further evidence of economic strength. Despite further political upheaval in the US, the benchmark Dow Jones Industrial Average Index r...
3rd Aug 2017
Schroders | 60 seconds on US growth and inflation in 2017
A strong US consumer means that US growth looks robust, but Keith Wade thinks rising inflation could pose a headwind towards the end of the year.
14th Mar 2017
Schroders | 60 seconds on LA's appeal for real estate investing
Tom Walker explains why Los Angeles is one of the most attractive cities in the US for real estate investing.
7th Mar 2017
Schroders | 60 seconds with Alex Tedder on global equity opportunities in 2017
Alex Tedder explains how Donald Trump's policies could affect global stockmarkets in 2017.
27th Feb 2017
Schroders | 60 seconds with Marcus Brookes on Clinton versus Trump
In the US election there are two very different characters who will bring very different policies to the White House.
24th Oct 2016
Schroders | 60 seconds on US equity opportunities
There is a lot of uncertainty globally in equity markets currently and the US is no exception, and of course the forthcoming election is not helping matters. Nevertheless we are somewhat constructive...
27th May 2016
Schroders | 60 seconds with Andy Chorlton on the outlook for US bonds
The outlook for 2016 in US fixed income – well, it’s certainly going to be an interesting year. When we look at the Fed and the market’s expectations for what the Fed might do in 2016, it looks a litt...
1st Feb 2016
Schroders | 60 seconds with Rajeev De Mello on the Fed and emerging markets
The Fed’s lift-off and increases in interest rates is something which investors have been very worried about over the last couple of years. When you look back over the last 30 years, every time the Fe...
Tue, 2nd, Feb
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