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 »
Gero Jung -
Following the latest labour market data, we do not change our baseline scenario of two more rate hikes this year, though latest data give some conflicting signals regarding future Federal Reserve policy. To us, a main element is the continued progress in the labour market. The May unemployment rate reached… Read More »
Our British colleagues at Neuberger Berman tell us this is one of the most unusual UK general elections for a generation, in terms of both the manifestos on offer and the dramatic swing in opinion polls. David Cameron gambled that a resounding Remain vote in an EU referendum would silence… 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 »
The French government has made its first proposals to reform the labor market. Its main idea is that competitive conditions have dramatically changed and it’s impossible to have a law that can solve all the issues. For the government a “one size fits all” law cannot exist anymore on the… Read More »
Theresa May has currently a majority of 5 conservative seats in the parliament. This is a very narrow margin, which means she has to have the entire Tory party on board in order to be able to pass legislation. Moreover, since the UK’s referendum about the EU membership in particular… Read More »
Philippe Waechter -
Brexit will be long and will have a negative and persistent impact on the British economy. In a recent article from the Financial Times it is said that after the Brexit, after the U.K. will have left the European Union, in 2019, there will be a large number of treaties… 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 »
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