Economic news

From TPP to USA: 7 stages of economic integration
Trade tensions are at the top of the global economic agenda, with financial markets showing concern that a major trade war among large countries could hit the global economy. Over the last 30 years, falling tariffs have helped increase international trade’s share...
MSCI ascension to shine spotlight on untapped Saudi Arabia
By Oliver Bell, portfolio manager of T. Rowe Price ’s Middle East & Africa Equity and Frontier Communications Markets Equity Strategy Saudi Arabia will almost certainly be approved this week for an upgrade from its standalone classification to the MSCI...
“The global economy is in reasonable shape but challenges ahead, eg trade tensions, growth expectations”
James McCann, senior global economist at Aberdeen Standard Investments The G7 meetings are taking place against a backdrop of greater trade tensions, which are casting a cloud over the global macro environment at present. Although the measures announced thus...
Comment on Indian Rupee Bonds
India’s central bank has decided to allow foreign investments into domestic bonds with less than three years maturities. Wontae Kim, Research Analyst at the Legg Mason affiliate Western Asset Management, comments: “The recent decision by the Reserve Bank...
What Economic Factors Are Driving Down Oil Mining Stock Prices?
As we at Value Spectrum mentioned in a previous article, investors are mass selling their mining stocks. The reason for this is because in the past 3 months the mining industry has declined. There are plenty of reasons why the stock prices go up and down, and in...
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)....