Is the U.S. economy’s outperformance of the eurozone coming to an end? There are signs it may be. Several economic surprise indices, which measure data surprises relative to forecasts, now place the U.S. on a lower score than the eurozone
Investment View In navolging van de groene obligatiemarkt laten sociale en duurzame obligaties de afgelopen jaren sterke groei zien Europa blijft de dominante markt voor groene, sociale en duurzame obligaties
Global weekly commentary We see room for a further recovery in emerging market (EM) assets, particularly equities, after an unexpectedly prolonged selloff. The Fed raised rates last week, and Italy released a draft budget that was more expansionary than expected.
We revisit our 2018 investment themes and take a deep dive into the prospects for emerging market (EM) assets after an unexpectedly drawn-out selloff. EM under pressure: The EM world has been hit by a series of country-specific shocks —
Regional view – United States Of the 20 global cities analyzed, none of the five US cities are considered to be in bubble territory, although San Francisco, Los Angeles, and New York all scored as overvalued. Boston scored as fairly
Regional view – Emerging Markets Despite negative developments, losses in emerging market stocks have been contained, while bonds and currencies regained ground.
Regional view – Europe "We don't expect the Eurozone economy to accelerate until key risks dissipate, but the ECB should still be able to move forward with the exit from ultra-loose monetary policy."
Regional view – Asia Three issues in particular stand out as likely deterrents to the return of foreign investors: the proposed VAT hike in October 2019, changes to Japan's constitution and the country's trade ties with the US.
House View Not much further to run for US 10-year Treasury yields. US 10-year Treasury yields reached a seven-year high of 3.11% last week, ahead of the Fed’s unanimous decision to raise rates to 2.25%. But while yields have risen
