Federated Hermes launches first euro-domiciled money market fund
Managed by Gary Skedge and Joanne Bartell
Managed by Gary Skedge and Joanne Bartell
Weakness against the dollar boosted earnings for equity investors in 2022
As growth slows, a flood of downgrades may have a knock-on effect on wider debt markets
EU and Italian standoff has reignited eurozone debt concerns
Old Mutual Global Investors’ Ian Ormiston believes the strong euro is not having a material impact on European companies, but warns this could change if it breaches $1.30.
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.
Currency was a major focal point of Neuberger Berman’s latest asset allocation committee meeting. Portfolio Adviser outlines the currency plays the investment manager is banking on.
Sterling has bucked up against the euro, hours after polling began in the UK general election and ahead of the imminent European Central Bank meeting.
The dollar weakness we’ve seen this year took most investors by surprise. There are, however, obvious reasons for this, and fundamentals suggest it could reverse.
Financial markets were buoyed by Emmanuel Macron’s victory in the French presidential election, as the euro soared against the greenback.
New data from Asset Risk Consultants shows that choice of reference currency, not investment risk, has had a greater impact on a portfolio’s global purchasing power.
The fact that the Euro Stoxx 50 index recorded its largest one-day gain since July 2012 on Monday suggests the importance for investors of Emmanuel Macron’s victory in the first round of the French presidential elections can hardly be overestimated.