It may be time to reduce equity exposure in favour of other asset classes Following three months of solid equity performance, and acknowledging the risk that the Fed could be making an error in tightening policy now, it may be time to reduce equity exposure in favour of other asset… Read More »
Fed moving closer to first rate hike …. but stronger USD far from guaranteed Unsurprisingly, with the Fed moving closer to its first rate hike since 2006 and the ECB set to announce more stimulus in December, many observers are stating that the only way for the USD is up.… Read More »
As interest rates remain low, equities retain their investment appeal over fixed-interest securities Three themes will probably keep the international capital markets on their toes over the coming weeks: Central banks: Even though the US central Bank (Federal Reserve Bank, Fed) has become a bit more concrete and left its… Read More »
October’s US unemployment report confirmed that the economy is getting stronger, making the probability of a first rate hike in December look more likely. In this context, Lazard Frères Gestion examines the consequences of a rate increase on the equity market from two separate angles. An impact, yes, but not… Read More »
Jackie Lafferty -
Investor risk aversion battered emerging market (EM) assets during the third quarter. Local currency and hard currency markets both posted negative gains and EM equities posted double digit losses The carnage in emerging markets during Q3 was largely driven by China, with prolonged depressed commodity prices and US dollar strength… Read More »
The outlook for most large banks around the world remains favorable One reason is that many global banks have been reporting unusually low non-performing loan disposal costs for a couple of years. Why? A financial crisis, like the one we had in 2008, is often followed by a period of… Read More »
The US and EU are highly regulated examples of capitalism at work while China is a communist country that is committed to entering the global economy, which entails deregulation of the old system. There is, therefore, on the one hand, a tendency to regulate more and more economic systems that… Read More »
A desynchronised cycle means an increased likelihood of global sub-optimal growth compared with the past China made an impact in August 2015, and in a spectacular way! The Chinese turmoil succeeded where events in Greece failed, in prompting the first correction (a fall of more than 10%) in US equity… Read More »
By 2020 it is projected that 70% of the world’s population will own a smartphone – 1.2 billion smartphones were sold worldwide last year alone. Users increasingly rely on their smartphones for conducting a variety of daily activities including banking transactions[i]. As retail banks respond to this shift toward mobile… Read More »
In the immediate aftermath of the 2008 global financial crisis, observers all over the world were astonished by China’s stellar growth performance But enthusiasm among many has faded, more particularly since 2013 when interbank interest rates sparked a first time, the housing market deteriorated quickly, the stock market was gripped… Read More »
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