Historic low bank rates held at 0.25%
Interest rates remain unchanged at a historic low level of 0.25% following the latest Bank of England meeting, quashing rumours higher inflation could spark a hike this year.
Macro News
-
-
Global managers’ EM overweight hits 47%
Global fund managers upped their emerging markets overweight to a net 47% in September, while increasing their underweight to the US, according to the latest Bank of America (BofA) Merrill Lynch survey.
-
Global managers’ EM overweight hits 47%
Global fund managers upped their emerging markets overweight to a net 47% in September, while increasing their underweight to the US, according to the latest Bank of America (BofA) Merrill Lynch survey.
-
50% of UK investors optimistic about returns despite Brexit
Despite the complications arising from Brexit negotiations and the lower interest rate environment, UK investors are among the most optimistic in Europe, a survey from Legg Mason Global Asset Management has found.
-
Hermes backs world’s largest corporate sustainability drive
Hermes Investment Management has signed up to the United Nations Global Compact, a set of principles aimed at improving corporate sustainability across the globe.
-
It’s time for Draghi to taper QE
European Central Bank (ECB) president Mario Draghi was tight-lipped on tapering following the bank’s latest policy meeting, but industry figures remain confident the ECB will roll back the pace of asset purchases from next month.
-
Gold sales soar as North Korea nuclear threat bites
A US warning that North Korea’s use of nuclear weapons would spark a “massive military response” saw sales of physical gold soar to the highest level since Brexit on Monday morning.
-
August’s good, bad and the ugly fund performers
Gold, Japanese and emerging markets funds enjoyed a strong August, while absolute return funds had a month to forget, as did Neil Woodford.
-
Manulife AM: Look beyond CAPE for stock-picking opportunities
Equity valuations are rich at present, but investors can still find opportunities if they look beyond overly simplistic valuation methods when picking stocks, according to Manulife Asset Management.
-
Investors hedge US equity positions
European investors have been responding to this year’s dollar weakness by hedging their investments in US equities, according to Morningstar data.
-
Euro powers ahead as Draghi keeps silent
The euro has reached multi-year highs against all other major currencies this week as ECB-president Mario Draghi gave a blank speech at the Fed’s Jackson Hole meeting.
-
FTSE 350 pension deficit balloons to £62bn
The aggregate pension deficit of the UK’s top 350 companies accounted for 70% of total profits, a higher proportion than in the immediate aftermath of the global financial crisis.