Tomorrow, the Netherlands will hold its general election to elect all 150 members of the House of Representatives (the “Second Chamber”). The Dutch election is the first of three elections (possibly four if Italy decides to hold early elections this year) in European Union founding member states this year, followed… Read More »
Yann Quelenn -
After the massive ADPs on Wednesday, which came in slightly below 300k, financial markets are now awaiting confirmation from the NFPs, which are expected to come in for February lower than the January print, 200k vs 227k. From our standpoint, this read is irrelevant as it will have little impact… 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, “The recent improved Eurozone data is hard… 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 »
State Street Global Exchange released the results of the State Street Investor Confidence Index® (ICI) for February 2017. The Global ICI decreased to 92.9, down 1.6 points from January’s revised reading of 94.5. The decline in sentiment was driven by the 9.3 point decrease in the European ICI to 83.3… Read More »
The Trump EffectThe expectation of Trump-policies has rotated investor sentiment into a risk-on posture. Equity markets have rallied and bond yields have risen. US equity valuations are stretched, the market is overbought and the bond market sell-off has been overdone. Therefore a market pull-back should present a viable opportunity… Read More »
Mark Burgess -
Risk assets are exhibiting an exceptional degree of resilience and equity markets are clearly saying that President Trump is good for corporate profits. Markets are expecting a fiscal boost from the new President, which will drive an increase in corporate profitability and earnings – a positive for equity markets, all… Read More »
In the Eurozone, although base effects and energy prices continue to support headline inflation, core inflation trends remain subdued and are likely to keep the ECB on the back foot for the majority of this year, especially given the heavy political calendar. That said, once French elections have passed, the… Read More »
The way investors think about emerging markets has been evolving—along with the markets themselves. One thing we at Templeton Emerging Markets Group emphasize is that one can’t consider emerging markets as one asset class; the opportunities are very differentiated between regions, countries and markets, with different fundamentals shaping them. I… Read More »
What is the common point between President Donald Trump and largest hedge fund manager in the world, Ray Dalio from Bridgewater? At a first glance, both men have not that much in common except one thing. Recently, they both ranted about main stream Medias for disseminating fake news. President Trump… Read More »
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