Real GDP grew by 0.3% in the final quarter of 2015 and by 1.5% for the year as a whole in the eurozone. As in 2014, domestic demand was probably the main driver. The expenditure components of GDP have not been published yet for the region as a whole The… Read More »
Matthieu Grouès -
The severity of the current market correction (16% on the Euro Stoxx since the beginning of the year) took many investors by surprise In this volatile context, we are trying to understand the markets’ fears and gauge whether or not they are founded 1. WILL CHINESE GROWTH COLLAPSE IN 2016?The… Read More »
US equities have declined year-to-date driven by growth concerns. Fundamentals suggest the US market and most sectors are undervalued. However, valuations seem to broadly confirm our sector allocations. Our models suggest that if the US consumer remains robust and inflation low, then there is upside potential in the market. The… Read More »
Moves by the Japanese and the euro-zone central banks fail to quell market fears It is quite clear that the initiatives taken by the Bank of Japan (negative deposit rates) and the European Central Bank (“pre-announcement” of further monetary easing in March) have failed to calm market fears. On the… Read More »
The UK stance on refugees could be described as paying them to stay away. However, an analysis of the underlying data suggests that compared to Germany the UK has less to gain from, and less ability to pay for, such inflows. I feel a deep sense of shame. Not because… Read More »
This year European markets bring us a lot of opportunities to monitor. Specially in Italy where the inheritance tax regime is under revision. The tax exemption should reduce and the tax rate should increase. As a consequence, Life Insurance market should benefit from major appeal. The Italian Voluntary Disclosure has… Read More »
Diane Vazza, Sudeep K Kesh, Nivritti Mishra Richhariya -
The global corporate default tally reached a total of 112 issuers in 2015 with addition of one default in the last week of the year-the highest year-end total since 2009 when it reached 242 Last week’s default by a Poland-based metals, mining, and steel company raised that sector’s default tally… Read More »
The Fed is maintaining its desire to normalise monetary policy by 2018 whilst retaining a certain degree of flexibility in how to achieve that goal 1.Following 7 years of unchanged rates, the Federal Reserve has, as expected, raised its interest rate range from 0-0.25% to 0.25-0.50%. This decision was widely… Read More »
According to Nossek (WisdomTree Europe), asset allocation is tilted towards overweighting equities relative to credit and bonds, with Europe presenting itself as having the broadest appeal in equity style strategies Against the suppressed sovereign bond yields, rising rates expectations in the US, and an upbeat economic outlook for Europe and… Read More »
A skilled active manager can add value in all economic cycles and markets. But which market segments are most attractive? The State Street Global Advisors standpoint In the match between active and passive management, the first is the winner. This is the opinion of State Street Global Advisors.“In our view,… Read More »
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