Hot Topics

NNIP's fund managers reveal their resolutions for 2017
Last year, fears of a global recession caused a sharp increase in risk aversion around the globe. However, after a rough start, 2016 ended on a positive note with hopes of a reflation of the global economy as the anticipation of a better balance between monetary...
Stronger growth in China has its downsides
Chinese GDP growth was stronger in Q4 2016, but there are few signs of the promised rebalancing of the economy. Craig Botham, Emerging Markets Economist, comments: "The final quarter of 2016 capped the year with a slight acceleration in growth, despite apparent...
BNY Mellon about Trump's inauguration
lrich Gerhard, Senior Portfolio Manager, Insight Investment, part of BNY Mellon IM High yield debt, and particularly the US dollar market, performed strongly following Donald Trump’s surprise US election victory. Markets are optimistic about the prospect of...
Skagen’s Torgeir Høien: Brittain goes Swiss – why not instead pursue unilateral free trade?
Torgeir Høien Premier Therese May, in her speech today, stated that the UK government intends not only to withdraw from the EU but also from the single market. The UK wants restrictions on migration that are incompatible with the fourth freedom of the singlemarket...
Deutsche AM: stocks good with higher inflation
The December inflation figures for the Eurozone published last week have received much attention in Germany. Headline inflation was 1.1% for the Eurozone in comparison to the previous month. This was up 0.5% on the November level which was in keeping with our expectations....
CME Group research: seven of the most noteworthy trading days of 2016
Source: CMEGroup.com, written by Bluford Putnam With the big changes of 2016 still fresh in our memories, we take a look back at the year’s seven most interesting trading days to review what we may have learned (or not) about managing risk. The U.S. elections...
Market Thinking - A View From The Equity Market - Commentary From Mark Tinker
Festive Season Rituals Mark Tinker When I worked as a sell side strategist, literally back in the last century, I was once advised by my then head of sales that there was no point in writing anything any later in December than the Varsity Rugby match, on the...
Flossbach: Unpredictable 2016
The year is coming to an end, and it’s time for a quick review. One thing is certain: we are likely to remember 2016 for a long time. It was an investment year with many economic and political surprises. Surprises whose consequences are likely to remain with us...
Investors’ risk appetite returns after political upsets of 2016
Investors’ risk appetites are returning after the shock of the UK’s Brexit vote in June, according to the findings of the latest Risk Rotation Index by NN Investment Partners1. Nearly a third (31%) of professional institutional investors claimed that theirappetite...
Iggo's insight: a view from the bond market - commentary from Chris Iggo, CIO Fixed Income, AXA IM
Chris Iggo Investor sentiment has changed. At the very least people are questioning whether the “lower for longer” view on interest rates is still the right roadmap. Donald Trump potentially changes that to a “boom and bust” scenario, at least for the United...
Candriam: the ECB has not disappointed
“The ECB has not disappointed. As expected Mario Draghi extended its monetary stimulus programme by 9 months while reducing the monthly level by 20 billion. After having bought close to 900 billion worth of bonds in 2016, the ECB now “only” has to buy 780 billion...
India’s currency move: short-term pain versus long-term gain
Author: Kannan Venkataramani, Senior Portfolio Manager Asian Equity at NN Investment Partners Kannan Venkataramani As bold economic actions go, few can rival the Indian government’s decision to take the country’s 500- and 1,000-rupee notes out of circulation....
Julius Baer: The end of austerity, the beginning of Reaganomics 2.0
Christian Gattiker, Chief Strategist and Head Research, Julius Baer Brexit. Trump. Two landmark events in 2016 point to a change in economic policies going forward: away from monetary policy to concerted fiscal stimulus and infrastructure spending. The largest...
M&G worried about current valations after Italian referendum
Stefan Isaacs, Deputy Head of M&G’s Retail Fixed Interest Team “As largely anticipated, the outcome of yesterday’s referendum led to a rejection of the proposed reforms and was followed by Renzi’s resignation. The market thus far has taken the news in its stride....
Schroders: Renzi's resignation will hurt Italy's long-term outlook
Referendum defeat leaves Renzi no choice but to resign and increases pressure on the ECB to maintain stimulus. Schroders Azad Zangana, Senior European Economist & Strategist comments: Azad Zangana Italian Prime Minister Matteo Renzi is set to resign...