There is nothing in the equity market moves to date to give us concern that the strong global economic growth profile or the strong earnings per share growth profile that we forecast will be put in jeopardy. The strong market performance of 2017 reflected, to a meaningful degree, investors pricing… Read More »
As the 2018 Chinese New Year celebrations begin on 16 February and the Winter Olympics are under way in South Korea, Soo Nam NG, Head of Asian equities at Columbia Threadneedle Investments analyses the outlook for Asian markets. The outlook for a multi-year rally in Asian equities is still very… Read More »
Is the US economy’s current pace set to trigger major imbalances, disrupt the current cycle and spark off a significant downturn in economic activity? The stockmarkets’ severe recent downturn reflects investors’ concerns on forthcoming trends for the global economy, and in particular the performances we can expect from the US.… Read More »
Investors are fearful that inflation will rise faster than expected due to the impact of a weak dollar on import prices and rising wages, and that as a result interest rates may also rise faster than expected. But the reemergence of wage growth may be a positive for economic growth… Read More »
Generali Investments’ Research and Investments -
What happened to the markets? “Goldilocks” no more: global markets are suddenly leaving the sanguine environment that was characterized by strong performance and extremely low financial volatility. Monday 5 February 2018 saw the largest ever daily rise in the VIX (S&P volatility), from 17.31 to 37.32. It continued to rise… Read More »
At the end of 2017, crypto currencies were on everyone lips and screens, with Bitcoin, Ripple and Ethereum boasting incredible performances of 1,400%, 36,000% and 9,100% respectively for the year. Those numbers were difficult to ignore, and the fear of missing out drove demand, account opening and trading volume. Cryptocurrencies… Read More »
The strong start into the year left markets vulnerable. However, we remain constructive due to solid economic fundamentals. It’s been quite a market correction, these past two days. On this, at least everybody can agree. But as soon as you try to put things into perspective, opinions diverge. As an… Read More »
To us, the slowdown in growth is likely to outweigh high inflation rates, which will ultimately lead to a prudent Bank of England policy. While latest economic data point to short term activity to run a little firmer early this year, we believe that the more generalized dynamism will be… Read More »
Growth in the euro area picked up considerably in 2017 coming out at 2.5% vs. 1.8% in 2016, and hitting its highest point since 2007. The ECB played a lead role in this economic improvement: its policy of keeping interest rates very low by maintaining the main refinancing operations rate… Read More »
We are not disappointed by last quarter’s GDP growth number as it underlined solid domestic demand, accompanied by strong durable goods orders. In the details, the BEA report shows that GDP was supported by a 4.3% rise in real domestic final sales, one of the strongest quarter of the expansion… Read More »
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