Economic news

Early elections to tame the Turkish tiger Turkish President Erdogan today announced early Presidential and Parliamentary elections for 24th June, well over a year ahead of the previously scheduled date in November 2019. In doing so Turkey now joins a lengthy list of Emerging Market countries heading to...
The Petroyuan – Why it Really Matters Oil trading in RMB is as much about politics as practicality The 2008 Global Financial Crisis (GFC) taught the world and China that an over-reliance on key commodities priced in USD can be risky. When USD prices of key commodities rose following the GFC, higher...
State Street Comments on Federal Open Market Committee Meeting In reaction to today’s US Federal Open Market Committee (FOMC) meeting, Michael Metcalfe, global head of macro strategy at State Street Global Markets, Sophia Ferguson, senior portfolio manager for active fixed income and currency at State Street Global Advisors;...
CFA Brexit survey: Frankfurt biggest winner CFA Institute, the global association of investment professionals, today released the findings of its 2018 Brexit member survey, revealing the latest sentiment among investment professionals about the impact of Brexit on the asset management industry. The CFA Institute...
How Russia's ICO-Hub System will Guarantee Security of Investor Funds By David Drake On February 19th of this year, Russia's local media platform, Izvestia, reported that the country would test launch a system that will guarantee ICO investments this March. The system, ICO-Hub is a collaboration between Globex Bank, CrowdHub,...
Fixed income markets complacent over ‘Italexit’ election outcome Investors are too complacent about the outcome of the upcoming election in Italy this weekend, with a very real risk of a euro-sceptic government being formed, according to Legg Mason ’s affiliates. The impending election has had little impact on fixed income...
Emerging Markets: Standing Up to Higher Volatility By Yacov Arnopolin, Pramol Dhawan and Gene Frieda During the second most significant repricing in U.S. Treasury bond yields since 2013, emerging market (EM) debt, especially local currency bonds, has so far significantly outperformed equity, oil and U.S. Treasury...
Italy’s election: should bond investors beware? On 4 March, Italy goes to the polls to elect a new government. As well as having implications for an Italian economy that is still structurally challenged, the election is also the first significant test of anti-EU sentiment in 2018. Jeremy Lawson Recent trends...
How emerging markets are transforming global trade Kim Catechis, Head of Emerging Markets at Martin Currie (a Legg Mason affiliate) Kim Catechis In contrast to growing protectionist policy measures in many developed economies, EM countries are actively cultivating and developing their trade partnerships....
Monex expects high inflation to continue Bart Hordijk, valuta-analyst atj Monex Europe, Although the main interest rate was kept unchanged at 0.5% with a 0-0-9 vote, the Gross Domestic Product Growth forecast for the UK economy were lifted up to 1.8% for 2018 (1.6% prior) and 1.8% for 2019 (1.7% prior)....
New Infographic shows 36,000% growth of Ripple A new infographic by BuyRipple.com reveals 36,000% growth of ripple. The payment network and the payment protocol behind it announced several banking partnerships in 2017, helping to push the price to a high of $3.84. The company is set to revolutionise payment...
Keeping the faith: now is not the time to abandon inflation targets Jeremy Lawson There are growing calls for central banks to reduce their emphasis on inflation. However, ignoring inflation would be a mistake. To do so would lock in low interest rates for longer and make it harder to counteract economic downturns. Monetary...
Schroders: Are markets too complacent as the US economic cycle nears maturity? The current US economic expansion ranks as the third longest on record and markets seem content to assume it will continue indefinitely. We see scope for growing inflationary forces to surprise markets and precipitate disruption. The status of the US as theworld’s...
Columbia Threadneedle Japan leads positive outlook on equities Toby Nangle, Head of Multi-Asset EMEA, and Maya Bhandari, Portfolio Manager, Multi-Asset, at Columbia Threadneedle Investments, discuss their latest asset allocation positioning, explain why they have moved to strongly favouring Japan and provide an update on the...
World-beating economic growth will likely drive returns in Frontier Market Debt Author: Marco Ruijer, Lead Portfolio Manager, Frontier Communications Market Debt and Emerging Market Debt Hard Currency at NN Investment Partners Marco Ruijer The world-beating economic growth that Frontier Communications Markets are set to generatein...