Thomas Jordan, the SNB Chairman, held a press conference in Bern as the SNB struggles to stimulate its economy. Its short and long-term yields are negative and while the consequences of such a monetary policy are not exactly known, the impact on banks and investors must be assessed. According to… Read More »
Nicolas Roth, Co Head of Alternative Investments at Reyl Bank, outlined a big picture for LMF What result do you expect from the Italian referendum and why?As of mid-October, the polls are pointing toward a negative result for the referendum. There are probably several elements that could explain why a… Read More »
Markets have reacted to his trade policy proposals, but implications are more far-reaching IntroductionThe upcoming US elections are gradually taking centre stage in investors’ discussions and risk assessments.There is indeed a clear sense, to which we subscribe, that politics has become increasingly important for financial markets since the global financial… Read More »
Year to date, the main Italian index, FTSEMIB, is down more than 20% (Price return, €) and has underperformed the broader European market by c22%. This has been driven by concerns surrounding the high levels of Italian gross non-performing loans (NPLs) in the banking system and the pending Italian Referendum… Read More »
Today, the September US CPI Urban Consumers is expected to print higher at 0.3% m/m versus 0.2% m/m a month previous The annualised data is expected to surge to 1.5% y/y. It has been a year since the core inflation has reached the Fed’s target of 2% and we now… Read More »
If on 8 November 2016 Donald Trump is elected President of the United States, that day will go down in history as the first time a businessman with little political experience has won the US presidential election. Much like the British public voted for change in leaving the European Union,… Read More »
Ted Truscott -
In today’s low-growth economy, it’s imperative we identify the real factors contributing to anaemic growth. Only then can we begin to address the problems at hand. When considering the low levels of economic growth around the world and the structural forces at play, and then juxtaposing these forces against a… Read More »
Emerging market sovereign bonds are continuing to rally this year as yield-seeking investors flee ultra-low interest rates at home and expectations that the U.S. Federal Reserve will start raising interest rates have yet to materialize. Investor interest in the emerging markets is growing unabated, with cumulative portfolio inflows since 2011… Read More »
On 8 November, Americans will elect a new President to succeed Barack Obama. However, the mood is far from the enthusiasm generated in the United States and abroad by the incumbent’s campaign eight years ago. Neither Hillary Clinton nor Donald Trump appear to inspire passion in their quest for the… Read More »
The ‘fallen angels’ phenomenon can offer the opportunity to enhance the returns on a multi-asset portfolio and the potential to improve diversification, according to analysis from Cass Business School. The paper “Fallen Angels: The investment opportunity”, written by Professors Andrew Clare, Stephen Thomas and Dr Nick Motson, and supported by… Read More »
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