ECB to halve QE purchases in 2018
The ECB is considering cutting its monthly bond buying from €60bn to €30bn at its next board meeting on 26 October, according to a Bloomberg report.
Author: Tjibbe Hoekstra
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IMF flags next global crisis
After recently publishing a rosy global economic outlook, the International Monetary Fund sketched the contours of the next financial crisis, urging policymakers to take measures to rein in exuberance.
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PA ANALYSIS: When will the next market correction hit?
It has been almost two years since equity or credit markets fell by more than 5%, but investors remain sanguine that markets will continue their relentless rally for the time being.
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IMF sees global growth accelerate
In a sign the world economy is heating up, the International Monetary Fund (IMF) has revised its global GDP growth forecasts upwards for the second time this year. The global recovery is still “incomplete” though, it claimed.
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JP Morgan unveils first European ETFs
JP Morgan Asset Management (JPMAM) will launch its first two European ETFs “imminently”. Both ETFs will be actively managed, and will compete with traditional hedge funds, the company said
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PA ANALYSIS: Credit’s time in the sun is over
Leading bond investors issued separate warnings on Friday that the dual tailwinds credit investors have enjoyed in recent years are about to die down.
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Investors dump emerging market debt as Fed hike looms
Emerging market debt has been the best-selling asset class with European investors this year, but flows turned negative in late September against a backdrop of a hawkish Fed and a strengthening dollar.
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US and Europe: monetary divergence or convergence?
Blackrock’s chief investment strategist Richard Turnill believes “monetary divergence” between the US and the eurozone is creating investment opportunities.
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King’s speech rattles Spanish markets
The Spanish stock market opened deep in the red on Tuesday morning, following a combative speech by Spain’s King Felipe in which the monarch blamed Catalan authorities squarely for the escalating political crisis that has engulfed the Mediterranean country.
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PA ANALYSIS: Investors bank on financials
Few sectors have been as volatile as banking stocks over the past few months and years. Despite that, bank equities could outperform on both sides of the Atlantic thanks to benign macro forces.
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Fidelity passes on external research costs to clients
Fidelity International has decided it will pass on costs for external research under Mifid II to clients.
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Fidelity switches to performance-based fee model
Fidelity International is the first major asset manager to make a switch to a “value for money” charging structure. The asset manager will give money back to clients when its funds underperform.
