In the sort of unexpected twist that observers have come to expect from elections recently, UK voters have dealt a bitter blow to Prime Minister Theresa May, robbing her of her narrow parliamentary majority. Theresa May’s gamble didn’t pay off. She had hoped that a resounding election victory and an… Read More »
Comment by Stefan Isaacs, Deputy Head of Retail Fixed Interest, M&G Investments As expected the ECB left its key interest rate unchanged and did the same with its pace of asset purchases.On the whole the tone remained a dovish one which was met by lower bond yields across Europe, especially… Read More »
As we expected the European Central Bank has maintained its current policy stance. Despite market talk over the last few weeks for some indication on tightening, we are not surprised to see the ECB remaining committed to easing for the foreseeable future. While growth has continued strong and steady, we… Read More »
In reaction to the European Central bank (ECB) meeting today, Timothy Graf, head of macro strategy at State Street Global Markets; and Antoine Lesné, EMEA head of ETF strategy at SPDR ETFs, part of State Street Global Advisors, offer their views. Graf commented: “Today’s remarks from ECB President Draghi offered… Read More »
State Street Global Exchange released the results of the State Street Investor Confidence Index® (ICI) for May 2017. The Global ICI increased to 102.5, up 5.1 points from April’s revised reading of 97.4. The improvement in sentiment was driven by an increase in the North American ICI from 95.1 to… Read More »
State Street Corporation (NYSE: STT) today launched the latest findings from its Brexometer Index, a quarterly pulse survey of institutional investor sentiment about the UK’s departure from the European Union. The Q2 2017 survey1 found one fifth (19 percent) of institutional investors plan to reduce their holdings of UK assets… Read More »
In reaction to the Bank of England (BoE) Monetary Policy Committee (MPC) meeting and publication of its inflation report today, Michael Metcalfe, global head of macro strategy at State Street Global Markets, and Alan Wilson, senior investment manager of active fixed income at State Street Global Advisors offer their views.… Read More »
In reaction to the French general election results, Timothy Graf, head of macro strategy EMEA at State Street Global Markets, and Bill Street, head of investments for EMEA at State Street Global Advisors, offer their views. Tim Graf commented, “With Emmanuel Macron’s widely expected victory now confirmed markets can relax… Read More »
The weakness of first quarter GDP growth is unlikely to last, and we note that underlying details regarding future growth are encouraging. Two items were responsible for last quarter’s weakness. One is consumer spending growth, which slowed to just 0.3%. A second weakness were inventory data, which diminished the headline… Read More »
North American and European Investor Confidence Improves While Asian Investor Confidence Declines in April State Street Global Exchange released the results of the State Street Investor Confidence Index® (ICI) for April 2017.The Global ICI increased to 99.5, up 2.6 points from March’s revised reading of 96.9. Confidence among the North… Read More »
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