Monetary policy heading toward “hazardous groupthink” – PIMCO
Low, zero or even negative rates do not bring about the rebounds in growth and inflation that neo-Keynesian models predict, said PIMCO’s Scott Mather.
Inflation
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Six eurozone factors to focus on in 2016
After years of economic stagnation, the gradual recovery in the eurozone is beginning to show signs of sustainability.
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JPM macro managers use healthcare shares to counter low inflation
Taking long positions in healthcare and telecoms equities is an effective way to address continuing low inflation, according to the managers of the JP Morgan Global Macro Opportunities Fund.
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BoE unanimously holds rates, cuts growth outlook
In an unexpected move, the Bank of England’s (BoE) entire nine-member rate setting committee voted to hold interest rates at 0.5%, and cut its GDP growth forecast.
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Investors still positioned for hubris and humiliation – BAML
Investors remain structurally positioned for the humiliation of China and hubris in California, Bank of America Merrill Lynch argues in its latest Flow Show note.
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UK wage growth weaker than expected
Marginally weaker wage growth figures may give Mark Carney the excuse he needs not to raise rates, says Shaun Port, chief investment officer at Nutmeg.
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PA ANALYSIS: No extra QE for Japan – the verdict
It has become fashionable for central bankers around the world to strike a gloomier tone in recent meetings.
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Markets too gloomy on inflation, argue asset allocators
Stock and bond markets are in danger of extrapolating too gloomy a scenario from recent central bank statements, the situation in China and manufacturing data, argue asset allocators.
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UK slips into deflation, but rate hike focus remains 2016
The UK slipped in to deflation in September, the Office for National Statistics said on Tuesday. But, while the number came in slightly lower than many economists had predicted, but many are more focused on how it is likely to change going forward.
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Reflationary cheap oil effect still to come – Kernohan
Over the past twelve months, the sharp fall in the price of oil has impacted the GDP of the main oil producing economies, , global headline inflation rates and oil related capex.
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UK wage growth picks up steam
Wage growth in the United Kingdom economy has picked up, registering a 2.9% increase in average pay, according to the Office for National Statistics.
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UK inflation slide to zero means only the experienced will prevail
The 0% UK August inflation figure is indicative of wider uncertainty that lies ahead, say industry experts, and the market is now an arena for only the most experienced of managers.