Jeremy Lawson -
The fact that the sharp sell-off in global bonds over recent weeks was triggered by fairly innocuous comments by ECB President Draghi highlights the complacency that had set in about how long emergency monetary policy settings would be kept in place. To better understand what is going on it is… Read More »
Investors need to seriously think about what will happen with monetary policy over the next couple of years. The final level of interest rates may not be that high compared to the past but at least one economic model suggests that they should be considerably higher than they are today.… Read More »
Market participants had been looking to Fed Chair Yellen’s testimony on Capitol Hill for any clear indication that the Fed had increased confidence in the path of interest rate hikes and in announcing the timing to start the process of running down their $4.5 trn balance sheet. While Yellen and… Read More »
With revisions to the path of US health care reform expected imminently, Andy Acker and Ethan Lovell, portfolio managers within the Janus Henderson Global Life Sciences Team, outline why they believe opportunities remain within the US health care sector. In the US, the Republican promise to repeal and replace the… Read More »
Central bank and government actions will come under increasing scrutiny in the second half of the year as fixed income investors look for further signs that the long era of ultra-accommodative monetary policy is coming to an end. Anticipation that the European Central Bank (ECB) will begin its path to… Read More »
In the last few weeks, markets have acknowledgedreduced systemic risks in Italy, and banks’ shares have gained as aresult. Italy’s sovereign spread has declined both relative to GermanBunds (-35bps to 175bps) and Spanish government bonds (-13bpsto 60bps). Talks among Italy’s four largest parties regarding a new proportionalelectoral system collapsed. Parliamentary… Read More »
Indosuez Wealth Management today announced that it reached an agreement with Crédit Industriel et Commercial to acquire the latter’s private banking operations in Singapore and Hong Kong after the parties entered exclusive negotiations on 16th June 2017. As part of the transaction, Indosuez Wealth Management in Asia, chaired by Pierre… Read More »
Financial Policies And Cost Savings Are Critical For Oil Majors’ Ratings The business model employed by the oil majors involves investing through cycles to generate long-term earnings. This can mean majors strengthening their balance sheets when oil prices rise in order to continue investing when prices are lower. Indeed, locking… Read More »
Many equity markets have already seen double-digit returns this year whilst volatility, both implied and realised, has declined to very low levels in all asset classes bar commodities. One expected trend that has not emerged is US fiscal stimulus as optimism about Trump’s policies diminishes. Equity markets, however, keep grinding… Read More »
VanEck -
Investors are once again focusing on emerging markets credit risk given the recent high-profile ratings downgrades of China, Brazil, and South Africa. T he overall credit quality of the hard currency emerging markets debt market has declined significantly since 2013. More than 51% of the J.P. Morgan EMBI Global Diversified… Read More »
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