‘levi’s market’ set for policy convergence – rathbones
Policy divergence will reach a breaking point and either drag the US and UK back into quantitative easing or trigger widespread reflation, says Rathbones’ Bryn Jones.
Macro News
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Patience needed on India – Invesco
Indian reforms are crucial in order for economic growth rates to be sustainable, says Invesco Perpetual’s Stuart Parks, but investors need to have patience.
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UK election crib sheet – what each outcome means for markets
As soon as everyone came back after Christmas pre-General Election hysteria kicked in, with all the retracted and regurgitated promises, opinion polls and policy bashing that we have come to expect.
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China proposes bond connect plan
A Chinese clearing house is considering the launch of a “Bond Connect” scheme which would mirror the Stock Connect initiative, creating an investment link between the mainland and Hong Kong debt markets.
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Is the US equity party over?
The Fed has signalled a rate rise, and dollar strength has played its part, but it will take unforeseen events to halt the US equity rally.
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Hot China equities prompts sector caution
The recent rally in Hong Kong shares has prompted asset managers like BlackRock to become selective on Chinese equity sectors.
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Schroders announces £150m profit for Q1
Schroders made a pre-tax profit of £149.6m in the three months to 31 March, the firm has announced in its interim management statement.
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Investors are too optimistic on UK earnings – Allianz
A lack of productivity and consumer reliance on low interest rates mean that widespread optimism around UK earnings is misplaced, according to Allianz Global Investors’ Matthew Tillett.
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Consumer cyclicals can bridge earnings gap – JPMAM
UK company earnings continue to lag share price valuations, but investors in consumer discretionary can bridge the discrepancy, says JP Morgan Asset Management’s Guy Anderson.
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Benchmark freedom and EM investing
If the manager is freed from the benchmark, emerging markets offer many opportunities from a stock-picker’s perspective, particularly if headlines are negative, according to Ross Teverson, head of strategy for global emerging markets at Jupiter Asset Management.
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Will Greece leave the euro? It looks increasingly likely, say fund selectors
European fund selectors are increasingly allowing for the possibility that Greece will leave the Eurozone. How markets will react to a Grexit is another question though.
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QE, zero rates driving deflation – Terry Smith
Quantitative easing and its sister, zero interest rates are having a deflationary impact on the global economy says Fundsmith CEO, Terry Smith.
