China’s investment case is simply not stacking up as high-end European manufacturers remain the best way of exploiting the country’s solid growth trajectory, according to Haig Bathgate, Turcan Connell’s chief investment officer.
Threadneedle has pared back its commodities exposure reflecting low inflationary pressures and an inevitable reduction in QE.
Troys Sebastian Lyon has warned that central banks are sowing the seeds of the next crisis in not allowing markets to function properly in his interim statement for Personal Assets Trust.
Newton’s Global Higher Income team has questioned the validity of the economic recovery and believes that “escape velocity” is still some way off.
The Bank of England has used its latest Inflation Report to soften its unemployment projections but has played down the move.
The UK’s rate of inflation has dropped from 2.7% to 2.2% – its lowest rate since September 2012.
Ruffer’s Steve Russell and Hamish Baillie have said they lack faith in today’s buoyant equity market because the best argument for buying stocks is there are few alternatives.
Despite the economic and political challenges facing Argentina, the stock market has this year risen close to 50% in US dollar terms and is “tempting” some investors
The US economy was buoyed by over 200k new jobs in October, but commentators are still in two minds whether QE tapering will start before the end of the year.
Commentators have backed credit while warning of the “spectre of deflation” in the eurozone after the ECB surprised analysts with an interest rate cut to 0.25%.
The results of the European Central Bank monetary policy meeting are likely to include action to address fears of deflation – the question is what form that will take.
There is growing evidence of improving sentiment surrounding the secondary property market, with one of the closed-end sector’s largest real estate vehicles anticipating an “increased floor” in achievable returns.
