As far as most commentators are concerned, the first round of the French presidential elections, due to take place on April 23, will be a race to see who faces the far-right National Front leader Marine Le Pen in the run-off in May. Despite the failure of the anti-immigration, anti-European… Read More »
On the day the UK prime minister Theresa May triggered Article 50, beginning a twoyear process that will see the country leave the EU, we find out from our economists what they expect now for the UK economy Since the UK voted to leave the European Union the domestic economy… Read More »
Amid the further steps taken last week by the Fed and the PBOC to normalise policy and lean against improving economic and asset price momentum, a debate among investors continues to rage about how much global monetary policy is tightening and whether market pricing is appropriately calibrated to policymakers’ reaction… Read More »
Paul O’Connor, Head of Multi-Asset, examines the implications of the UK triggering Article 50 of the Treaty of Lisbon, which formally begins the process of the UK’s withdrawal from the European Union (EU). So, here goes. Prime Minister Theresa May is expected to trigger Article 50 of the Lisbon Treaty… Read More »
Politics, policy-mix and financial conditions still dominate the investment environment Markets have started looking on the bright side of life again after the Dutch elections, if tighter spreads in some European markets are anything to go by. Somewhat paradoxically, yield curves across the world have barely moved in spite of… Read More »
In the weeks leading up Donald Trump’s election, traders had their eyes glued to the Mexican peso whose value lost or regained ground as the voting forecasts for the outsider candidate rose or fell. Now that the fervour has crossed the Atlantic and taken over France, it is now the… Read More »
Now that the VVD party has emerged victorious in the Netherlands’ parliamentary elections, we expect the current administration to continue more or less in its current form – and possibly become even more aligned with Brussels. In the Netherlands, coalitions are criticalOn 15 March, millions of Dutch voters went to… Read More »
Time flies, especially when markets are busy and noisy, and markets have been both in recent months, with the MSCI AC World Index up 8.7% (in USD terms) in the 100 days following the shock result of the US Presidential election. While the magnitude of the rally is garnering much… Read More »
Since the onset of the financial crisis, we have been steadfast optimists that the global and US recoveries would be ongoing. Our feeling is and has been that despite the enormous headwinds facing global growth, the natural economic healing process, the persistence and ingenuity of the human spirit, and continued… Read More »
Mirabaud continues to expect the Federal Reserve to start thinking about a policy hike only in the second half of the year, given that economic data is likely to disappoint and the inflation mandate is unaccomplished. Though last week’s FOMC minutes showed that Fed officials think a rate hike may… Read More »
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