Weekly outlook: Global PMI data and an update on US employment
The key events for UK wealth managers for the week starting 29 June
Macro Views
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Karen Ward: How bad will the Covid-19 recession be?
JPMAM chief market strategist thinks severity of the downturn depends on three factors
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Who funds the world? JPMAM’s top women on global markets
Covid-19 dominates short-term outlook but now is not a time to dial down risk
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Don’t let European politics distract from the China question – Merricks
The biggest risk facing markets in 2017 is the relationship between the US and China, says Andrew Merricks, head of investments at Skerritts.
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Your cut-out-and-keep ‘crisis diary’ for 2017
Like swapping cocktails for jogging, a rally in gold is becoming a New Year’s tradition. Eight times in the last 10 years gold rose against the Dollar in January. The previous four decades’ strike rate was 48%.
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Unconventional monetary policy: Catch-22
Quantitative easing is far from finished as central banks realise procrastination will not halt deflationary forces.
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Risky assets back in favour amid macro pessimism
An interesting paradox is becoming visible in Expert Investor’s investment sentiment data: while fund buyers’ appetite for risky assets is on the up, their macroeconomic outlook is going the other way.
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Are policy makers out of ammunition?
Flatter global growth likely, but worries of recession are misguided.
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The market is facing up to lower growth reality
The pendulum of investor sentiment has swung from overstated recession scare in January to more tempered acceptance of the reality that returns will be constrained by slower growth.
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The risk that is being ignored
The biggest portfolio risk this year is not yet priced into the market, said Kevin Liem, chief investment officer at wealth management firm TTG in Hong Kong.
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BMO GAM sees broadening global growth in five-year forecast
The firm believes “lower for longer” will apply to energy prices, inflation and interest rates over the next five years.
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Bank of Singapore warns on China credit bubble risk
The Bank of Singapore has joined the chorus of analysts warning that China’s private sector credit-to-GDP ratio is now over 200%.
