growth will be insipid and fragile in 2013
Contractions in the eurozone and Japan, as well as weaker-than-expected performance by emerging markets, will hold back global growth this year and next, the latest research by Fitch Ratings predicts.
Macro News
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gars is canada really a safe haven
The management team on the £13bn Standard Life Investments Global Absolute Return Strategies Fund (GARS) have questioned if Canada should be regarded as a safe haven.
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manufacturing improves contraction risk remains
Manufacturing activity improved in the UK last month although the economy is still at risk of contracting over the fourth quarter, the latest purchasing managers’ index (PMI) shows.
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China acceleration hope will be disappointed
Hope that China’s growth will start to reaccelerate through 2013 and into 2014 are likely to be disappointed, according to analysis by Capital Economics.
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threadneedle a greek exit is inevitable
There is still a strong argument for Greece leaving the eurozone despite the recent agreement to ease the country’s bailout terms, experts at Threadneedle argue.
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france is a very slow train wreck
Ignis Asset Management is underweight French government debt in its long-only global bond funds after chief market economist Stuart Thomson labelled the country "a very slow train wreck".
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barings mandg warn against fiscal cliff fixation
Investors should not allow the headlines surrounding the US fiscal cliff to overshadow positive news playing out in the country’s consumer sector and housing market, Barings Asset Management and M&G agree.
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greek bailout terms eased in new deal
The Eurogroup of eurozone finance ministers has eased the bailout terms applied to Greece in the latest move to safeguard the 17-nation currency bloc against breakup.
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schroders wade and shatney disagree on us
Schroders’ head of US large cap equities has leapt to defend her asset class against accusations of a lack of value compared to other stock markets, in direct contradiction to the firm’s chief economist Keith Wade.
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carney named new bank of england governor
Bank of Canada governor Mark Carney has been named as Mervyn King’s successor at the Bank of England.
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barclays champions long term china play
Direct exposure to China deserves a place in most long-term portfolios despite the recent underperformance of the country’s companies, Barclay’s Kevin Gardiner argues.
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uk debt profile smacks of creative accounting
Recent moves by the government to reduce the UK’s debt burden could be interpreted as “creative accounting”, says Axa Investment Management’s Chris Iggo.
