While interest rate increases have reignited interest in financials stocks, the recovery story has become more complex given the challenge financial technology companies are posing to the sector. In recent weeks, the US Federal Reserve (Fed) has outlined plans to reduce the size of its balance sheet, and increased the… Read More »
Investors should expect more subdued returns in the second half of 2017. Equity markets have rallied in all-but interrupted manner for twelve months and are showing some signs of fatigue owing to more demanding valuations and the closing out of a positive earnings season. While geo-political risk can and has… Read More »
Léon Cornelissen -
Britons stunned the world on 23 June 2016 by voting to leave the European Union after 43 years of mostly troubled marriage. The nation proved to be divided in the referendum, as shown in the narrow 51.9% vote to Leave against 48.1% opting to Remain. But freedom comes at a… Read More »
As the last weekend in August approaches, central bankers are readying themselves for a retreat in the beautiful Jackson Hole, Wyoming – host to the annual Kansas City Fed symposium. A forum for informal discussion among central bankers, the symposium is not intended as a tool to influence monetary policy… Read More »
New findings from GlobalData’s, Consumer Payments Insight Survey reveal the extent of Asian consumers’ demand for mobile apps, smartphones and digital wallets when purchasing online. GlobalData, a recognized leader in providing business information and analytics, estimates the Asia Pacific e-commerce market at $1.4tn in 2017, up from $535bn in 2013,… Read More »
When formed in 2006, the global investor initiative, United Nations Principles for Responsible Investment (UNPRI) had 100 signatories representing $6.5 trillion in assets under management (AUM). Over the course of a decade, the number of signatories has increased to 1,600 representing a tenfold rise in AUM to $62 trillion.The three… Read More »
Mainly positive revisions to the emerging market (EM) outlook this quarter, with growth upgrades everywhere but India, and inflation expectations pushed down across the board. To a large extent this represents positive data surprises in the first half of the year (and the opposite in India). In Brazil and Russia… Read More »
Gero Jung -
Eurozone GDP growth reached 0.6% QoQ last quarter, with solid contributions from the Netherlands, Germany and France. Positively, Italian activity picked up slightly (+0.4% QoQ). We note that German GDP growth was revised up in Q1 (by 0.1 point), while second quarter growth reached 0.6% QoQ. By expenditure, positive contributions… Read More »
So far it has been an excellent year for emerging markets (EM). Growth is accelerating in most countries, inflation is at the lowest level on record, interest rates are declining and their equities are evidently outpacing those of developed markets (DM). The outperformance of EM versus DM equities amounts to… Read More »
HLB International, one of the leading global accountancy networks with presence in 140 countries, has added the Beijing office of CAC CPAs LLP (CAC) to its network in China. CAC CPAs LLP has been representing HLB in Tianjin and Urumqi for the past 9 years and has been expanding rapidly… Read More »
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