Outlook 2019

NNIP – I mercati sviluppati convergono, gli emergenti divergono

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Gli investitori condividono le preoccupazioni circa l’effetto delle tensioni commerciali e della normalizzazione della politica monetaria sull’economia globale. La ricerca sul sentiment degli investitori condotta da NN Investment Partners mostra che la crescita economica, la politica commerciale statunitense e la dinamica dell’inflazione sono le principali preoccupazioni di 100 investitori istituzionali.… Read More »


Outlook 2019 altalenante, ma si può essere cautamente ottimisti

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Con l’approssimarsi del 2019, lo scenario economico globale sarà caratterizzato da una crescita in rallentamento, con le economie avanzate generalmente più lente a causa del diminuire degli stimoli favorevoli e del chiudersi dell’output gap. Gli Stati Uniti entreranno in una fase avanzata del ciclo, a mano a mano che la… Read More »


Prospettive ribassiste per il dollaro nel 2019

Vasileios Gkionakis -

La forza del dollaro è il principale argomento di dibattito tra gli investitori FX in questi giorni. Tuttavia, occorre contestualizzare: la valuta ha attraversato ondate di svalutazione e apprezzamento nel corso del 2018, con un guadagno netto del 4,5%. Queste dinamiche, insieme alle diverse aspettative sulle politiche fiscali e monetarie… Read More »


Midterm Elections: Divided Congress Signals Gridlock

Jeffrey Schulze -

With control of the Senate and House now divided, and the prospects for a recession still muted, the S&P 500 should continue to march higher in 2019 — with areas of potential opportunity for active managers in specific sectors. No matter what your political affiliation, it’s important to keep an… Read More »


U.S. Debt: Punchbowl Economics

Legg Mason -

U.S. Treasuries focused on Fed policy more than prospects for growth; EM currencies rose post-Q2; China trimmed its holdings of U.S. Treasuries along with the rest of its FX reserves. The quick fall and snap-back of U.S. Treasury yields along with the equity market selloff, highlighted a feature of current… Read More »


The Deal on the Dollar: Divergence

Francis A. Scotland -

Bad things tend to happen when the U.S. dollar rises too much. Unfortunately, there has been a lot of that lately, with most of it playing out in the emerging world, at least so far. The dollar is up a little more than 7% against other major currencies this year.… Read More »


The Power of Income

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A timely reminder about what really drives fixed-income returns and where the opportunities lie. In short: never underestimate the power of income. With yields currently at historical lows, it’s increasingly common for investors to look for ways to use fixed-income as a reliable source of total return in their broad… Read More »


The Power of Income 1

Legg Mason -

A timely reminder about what really drives fixed-income returns and where the opportunities lie. In short: never underestimate the power of income. With yields currently at historical lows, it’s increasingly common for investors to look for ways to use fixed-income as a reliable source of total return in their broad… Read More »


Re-Emerging Markets: Currencies Tell a Tale

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EM currencies continued to reflect the very real differences between markets; credit spreads in Europe continued to reflect the eventual departure of the ECB as bond buyer of note; as Greece began its post-bailout status, sovereign debt reflected the country’s improved, but not yet solid footing. As of market close… Read More »


Company profile – Banca Finnat

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      Banca Finnat, quotata al segmento Star di Borsa Italiana, è specializzata nella prestazione di servizi di investimento rivolti a clientela istituzionale, clientela privata ed aziende. Le origini e la storia della Banca sono legate alla Famiglia Nattino e risalgono al 1898: una lunga esperienza sui mercati Finanziari… Read More »