Look to US equities for income while waiting – JPMAM
While markets are calm it’s better to collect dividends from US equities than put money in cash or fixed income, said David Kelly, JP Morgan Asset Management’s chief global strategist.
Macro News
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Is China heading for another currency intervention? – Heartwood
China’s currency depreciation trend playing out in 2016 looks set to continue, according to Jade Fu, investment manager at Heartwood Investment Management.
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Brexit poses “serious risk” to global growth – G7
The UK’s departure from the European Union would pose a “serious risk to growth”, the G7 has said.
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UK GDP growth held back by soft trade and Brexit fears
The United Kingdom’s gross domestic product growth for the first quarter of this year was confirmed as 0.4% this morning by the Office for National Statistics.
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Peruvian local currency bonds is where it’s at
At a time when many commodity exporters in Latin America are struggling, Peru is a local currency bond story that has both FX and political policy moves going for it.
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Don’t underestimate the productivity puzzle – Nordea AM
The collapse in productivity in developed markets as well as some emerging markets is the single most overlooked story in the global economy today, said Nordea AM’s Karsten Bierre.
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Bank of England’s Vlieghe hints at post-referendum rate cut
Bank of England Monetary Policy Committee member Gertjan Vlieghe has given a speech indicating an interest rate cut could be on the cards following the referendum on European Union membership.
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Fed minutes hint at June rate rise
The Federal Reserve seemingly nudged the door open a fraction for the second interest rate rise since the financial crisis when it released its latest minutes last night.
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Inflation slip pushes rate rise further back
Consumer Price inflation slipped to 0.3% year on year in April from 0.5% in March, the Office for National Statistics said today.
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PA Expert Insight:There are other European considerations than Brexit
To paraphrase a sporting aphorism: ‘Brexit is temporary, currency is permanent’ so while the hot debate rages on the relative strength of the euro is a consideration that will not go away. Yet…
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How compelling is Brazil’s fixed income story?
Amid the political turmoil, Brazil has done well for fixed income investors, but questions remain around further volatility.
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Positive developments luring investors back into EM – Pictet
Positive developments such as evidence of an underlying improvement in industrial production and exports in Asia are luring investors back into emerging markets, said Pictet Asset Management’s chief strategist Luca Paolini.