Recovery by 2022? It’s fiscally possible

Recovery by 2022? It’s fiscally possible

🕔14:46, 30.Jun 2020

Market and economic insights  BMO’s global multi-asset team typically gathers every September to discuss and update our three- to five-year outlook. With Covid-19 preventing our usual in-person meeting, and with the …

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Investing in a new landscape

Investing in a new landscape

🕔12:52, 30.Jun 2020

Panorama Six months ago, as we discussed topics for our year-end edition of Panorama, our investment team debated the most …

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The Coronavirus Breaks Containment

The Coronavirus Breaks Containment

🕔11:43, 30.Jun 2020

Weekly Economic Commentary Carl offers thoughts on the progress of the pandemic. I belong to an international economic association that meets annually during the summer. We had been set to gather in Madrid earlier this month, but COVID-19 forced …

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The future is running at us

The future is running at us

🕔09:50, 30.Jun 2020

2020 midyear outlook The future is running at us. The coronavirus shock is accelerating structural trends in inequality, globalization, macro policy and sustainability. This is fundamentally reshaping the investment landscape …

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The second wave of Covid-19

The second wave of Covid-19

🕔07:57, 30.Jun 2020

The Week Ahead  The second wave of Covid-19 Equity markets are under some pressure resulting from fear of a second wave of Covid-19 as investors eye Midwestern states, Florida and South America. This could mean further lockdowns in some states

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Brexit moving back onto the agenda

Brexit moving back onto the agenda

🕔15:09, 29.Jun 2020

Research Blast  It feels like a different era whereby every conversation around the UK commercial real estate market evolved around the topic of Brexit. Following the outbreak of COVID-19 in Europe, the issue was hardly mentioned. But as transactions in

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What shape recovery?

What shape recovery?

🕔13:16, 29.Jun 2020

In Credit  It was a week of data releases and an opportunity to get a glimpse as to whether an economic recovery is underway. The evidence would so far suggest that this …

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Labor’s Lost: The Long Road to Jobs Recovery

Labor’s Lost: The Long Road to Jobs Recovery

🕔11:22, 29.Jun 2020

Aerial View The economy is facing three kinds of headwinds from COVID-19 simultaneously: a demand shock as spending drops, a supply shock as …

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Not yet out of the woods

Not yet out of the woods

🕔10:00, 29.Jun 2020

Perspectives Looking at recent economic data releases, it appears that the worst of the crisis is now behind us. Indeed, activity re-started in May and has been picking up since with the gradual reopening of economies. However, while encouraging, the 

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Long-term Perspectives & Consequences for the Dutch Pension Sector

Long-term Perspectives & Consequences for the Dutch Pension Sector

🕔10:39, 27.Jun 2020

#25 + 26 This blogpost will cover the top five of the past two weeks. But first, let’s highlight a few webinars! Tuesday next week J.P. Morgan AM will host a mid-year outlook ‘How will the recovery take place?‘. The

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Responding to a Crisis: The Outlook for the Covid-19 Economy

Responding to a Crisis: The Outlook for the Covid-19 Economy

🕔16:27, 26.Jun 2020

Second Quarter 2020 The precipitous and devastating impact of the COVID-19 pandemic has left no doubt that global economies have entered an unprecedented recession. Investors are now left to ponder what’s next and to contemplate how deep the contraction might

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Nordea AM | ESG in EM, why it matters now more than ever

Nordea AM | ESG in EM, why it matters now more than ever

🕔16:05, 26.Jun 2020

Interview with Portfolio Manager Juliana Hansveden                   Last Wednesday, 24 June 2020, Nordea AM hosted their weekly Morning Espresso session. The session starts with Sébastien Galy, Senior Macro Strategist, who gives a

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Invesco Global Fixed Income Study 2020

Invesco Global Fixed Income Study 2020

🕔15:39, 26.Jun 2020

In 2019, the number of resondents grew from 145 to 159 fixed income professionals, to incorporate the views of 121 institutional and 38 wholesale investors that are together responsible for managing over …

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Climate Change and Monetary Policy Initial takeaways

Climate Change and Monetary Policy Initial takeaways

🕔15:17, 26.Jun 2020

Climate change is one of the most significant structural force shaping the global economy. Its impact will be substantial and diverse, affecting all economic agents and sectors across the globe. This report compiled by the NGFS group of experts on

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Longer-Term Asset Allocation Views: What To Expect After The Great Pandemic Of 2020

Longer-Term Asset Allocation Views: What To Expect After The Great Pandemic Of 2020

🕔15:12, 26.Jun 2020

An unprecedented health crisis has uprooted medical care, financial markets and the prospects for the global economy. It has left asset allocators reeling as some markets seek to find their footing after a sizeable sell-off, while other markets have benefited

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Asset Allocation View

Asset Allocation View

🕔14:59, 26.Jun 2020

Market Update   Despite economic data having weakened substantially the equity rally in the US has continued unabated, with markets up over 30% from their lowest point in late March. Meanwhile, policymakers have …

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The virus has not gone away

The virus has not gone away

🕔12:50, 26.Jun 2020

Key points A genuine gap is emerging between the US and Europe on the pandemic front So far differences in policy initiatives on either side of the Atlantic have made up for this short-coming Interdependency of virus control, policy and

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The Great Disconnect?

The Great Disconnect?

🕔11:26, 26.Jun 2020

There are few certainties in markets and economies and with most countries globally facing what could be the worst economic collapse in the post-war era, it is surprising to see markets and most risk assets continue their remarkable rebound. The

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The Big Picture Jun 2020 – Quarterly update From Invesco’s Global Market Strategy Office

The Big Picture Jun 2020 – Quarterly update From Invesco’s Global Market Strategy Office

🕔09:37, 26.Jun 2020

In the face of what we expect to be the deepest global recession in living memory (by far), equity markets are running with their eyes wide shut into what feels like a trap: they are focusing on policy support and

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Investing in a new world – China Fixed Income

Investing in a new world – China Fixed Income

🕔07:48, 26.Jun 2020

Fixed income investors are entering a new world. This new world is considerably more volatile – and correlated – than the past. Global economic uncertainty has pushed annualised volatility of some developed country bonds to double-digit levels. But investors are also in

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Beleggen onder het nieuwe pensioenakkoord – welke wijzigingen staan u te wachten?

Beleggen onder het nieuwe pensioenakkoord – welke wijzigingen staan u te wachten?

🕔15:08, 25.Jun 2020

Minister Koolmees en de onderhandelaars namens de sociale partners zijn het eens geworden over de uitwerking van belangrijke details van het pensioenakkoord. De veranderingen zijn niet gering en hebben grote gevolgen voor zowel de uitvoering als het beleggingsbeleid. Aan de

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Multi-Asset Solutions Weekly Strategy Report

Multi-Asset Solutions Weekly Strategy Report

🕔13:10, 25.Jun 2020

Global markets and multi-asset portfolios  This recession will forever be remembered as one of the most rapid and shocking economic slowdowns on record. The question at the forefront of asset allocation decisions is whether the recovery will be equally distinctive

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De tweede stap in een mogelijk Nederlands “pensioenakkoord”

De tweede stap in een mogelijk Nederlands “pensioenakkoord”

🕔11:16, 25.Jun 2020

Met het voorgenomen “pensioenakkoord”, afgesloten door sociale partners en het kabinet is er een tweede stap gezet om ons pensioenstelsel te moderniseren. Wij denken zelf dat het nog te vroeg is om over een daadwerkelijk akkoord te spreken omdat een

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High Yield Issuance Sets Records Amid Optimism

High Yield Issuance Sets Records Amid Optimism

🕔09:23, 25.Jun 2020

Driving optimism in June have been a variety of better-than-anticipated economic reports. Most notably, nonfarm employment rose by 2.5 million, leading to a downtick in the unemployment rate. ISM manufacturing and non-manufacturing surveys each moved up in May. And most

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Insights: Mid-year Outlook: Recovery on the horizon

Insights: Mid-year Outlook: Recovery on the horizon

🕔08:06, 25.Jun 2020

Key takeaways Because this economic decline is policy driven, a solid recovery is likely as lockdowns end. Easy monetary policy, aggressive fiscal policy and zerobound interest rates should continue to support equity markets. Low growth and inflation suggest that the

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Treasury yields end virtually unchanged despite an active week

Treasury yields end virtually unchanged despite an active week

🕔14:36, 24.Jun 2020

Weekly Fixed Income Commentary​ U.S. Treasury yields ended the week only slightly lower, masking the week’s volatility.1 Rates rose early in the week, led by longer maturities, when the Federal Reserve (Fed) announced it would begin purchasing individual corporate bonds.

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Infrastructure in a post-COVID world

Infrastructure in a post-COVID world

🕔13:31, 24.Jun 2020

Talking Points  If working from home, social distancing and de-globalization become the new norm, the very definition of infrastructure investing could change. It may be foolish for us to try to imagine what the long-term future would look like, when

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Warming up to Europe

Warming up to Europe

🕔11:34, 24.Jun 2020

BII Global weekly commentary We are warming up to European assets as the region steps up its policy response and demonstrates relative success in tamping virus growth. We are tracking the interplay of containment measures and mobility changes on activity

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COVID-19 update: Euro area policy response

COVID-19 update: Euro area policy response

🕔09:45, 24.Jun 2020

Overcoming constraints The COVID-19 pandemic has resulted in an unprecedented response from governments and central banks worldwide. In previous papers, we looked into US fiscal and monetary stimulus to alleviate the shock on the economy1 , considered …

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Weekly Market Recap

Weekly Market Recap

🕔07:53, 24.Jun 2020

Stocks had a poor start to last week, as concerns over the worsening of the pandemic in several states as well as a new outbreak in Beijing seemed to continue weighing on sentiment. The market then rebounded late Monday following

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Is the sun rising for Japanese equities?

Is the sun rising for Japanese equities?

🕔15:05, 23.Jun 2020

COVID-19 and the consequent market volatility have had a huge impact on the Japanese economy. How will the situation affect the Japanese equity markets in the years ahead? Equity portfolio manager Dickon Corrado shares his views on why Japan is

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Credit Guarantee Feedback Loop

Credit Guarantee Feedback Loop

🕔13:10, 23.Jun 2020

Key points The gap between the US and Europe on the pandemic front is getting wider – the US responds to market wobbles by more stimulus announcements. We explore the “feedback loop” between state guarantees to business loans and fiscal

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Melt Up

Melt Up

🕔11:15, 23.Jun 2020

Uneasy Truce? Relations between the U.S. and China have quickly turned fragile again amid controversy surrounding the coronavirus and China’s political influence on Hong Kong. Recent turmoil has reignited tensions that markets had hoped were resolved following last year’s Phase

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Almost back to normal

Almost back to normal

🕔09:22, 23.Jun 2020

The world is going through its most severe recession since the Second World War. Unemployment and short-time working1 are at record levels in many countries, rating agencies are lowering their ratings at record …

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Market updates

Market updates

🕔08:15, 23.Jun 2020

This week initially saw a reversal of fortunes, with risk markets rallying after last week. Equities were stronger and credit spreads a little tighter, though this mini rally tapered off  …

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The COVID-19 Crash and the Abandonment of the Pensioner

The COVID-19 Crash and the Abandonment of the Pensioner

🕔14:42, 22.Jun 2020

Between mid-February and late March 2020, we saw a “take no prisoners” market crash. Anything with a whiff of perceived risk crashed, in direct proportion to its perceived risk. The only assets that soared—because of …

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Fixed Income Monthly

Fixed Income Monthly

🕔13:08, 22.Jun 2020

The FIXED INCOME MONTHLY provides a forward-looking summary of the medium-term views from the Fidelity Fixed Income team. Our investment approach is multi-strategy, with portfolio managers given clear accountability and fiduciary responsibility for all investment decisions in a portfolio. Given

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Covid-19: short-term pain, long-term opportunities for European commercial real estate

Covid-19: short-term pain, long-term opportunities for European commercial real estate

🕔11:39, 22.Jun 2020

Over the past few weeks, most Western economies have remained frozen by the lockdown measures taken to contain the Covid-19 pandemic. These measures have already had an unprecedented economic impact, but the magnitude of the long-term fallout is difficult to

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A Just Energy Transition: Impacts on European Power Producers

A Just Energy Transition: Impacts on European Power Producers

🕔09:45, 22.Jun 2020

European power generation companies are critical actors in a Just Transition to renewable energy. At Candriam, as ESG analysts we have surveyed and evaluated the extent to which these companies are integrating the social consequences into their planning and decisions.

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Optimism Overdone

Optimism Overdone

🕔15:33, 19.Jun 2020

We are cautious about the oil price after its rapid recovery. A weaker dollar, low real interest rates and higher inflation expectations are likely to support gold. We reaffirm our belief that China will meet the requirements of the phase-one

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Fundamentals return to the forefront in emerging-market debt

Fundamentals return to the forefront in emerging-market debt

🕔15:32, 19.Jun 2020

Volatility related to the COVID-19 outbreak and dramatic oil price decline in Q1 2020 precipitated a …

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A sharp risk-off trade returns

A sharp risk-off trade returns

🕔15:27, 19.Jun 2020

Stocks snapped a three-week winning streak as markets sank sharply last week.1 Worries about an uptick in coronavirus cases, the Federal Reserve’s downbeat assessment of long-term economic growth and President Trump’s declining poll numbers all contributed to negative sentiment. But

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Private markets as diversifiers

Private markets as diversifiers

🕔15:18, 19.Jun 2020

We see diversification with – and within – private markets as crucial to building resilient portfolios in a low-rate, post Covid-19 world. The key to the policy response has shifted to ensuring successful execution and avoiding policy fatigue before the

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Post-pandemic China: The medium-term challenges and China’s planned approach

Post-pandemic China: The medium-term challenges and China’s planned approach

🕔14:53, 19.Jun 2020

Global economy: still a long way from normalization A webinar presentation by CICC’s Eva Yi & KraneShares’ Brendan Ahern

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How Will Your Assets Perform in the Next Phase?

How Will Your Assets Perform in the Next Phase?

🕔13:28, 19.Jun 2020

We analyzed the performance of various asset classes across five economic phases: recovery, expansion, slowdown, downturn (not recessionary), and downturn (recessionary). Our analysis shows that stocks outperformed high yield bonds across all economic phases and that risk products generally performed

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Global Asset Allocation Investment Perspective

Global Asset Allocation Investment Perspective

🕔11:39, 19.Jun 2020

Overoptimism? Global financial markets have rocketed back from their late-March lows, with the S&P 500 briefly in positive territory for the year. Why are the financial markets performing so much better when the economy is still so weak? Financial markets

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Global Economic Outlook

Global Economic Outlook

🕔09:45, 19.Jun 2020

COVID-19 is a global pandemic, and while the experience has varied across countries, we are seeing some common threads. Indicators over the past month have suggested that the worst of the downturn is behind us. Industrial activity is resuming, businesses

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Next Generation EU: corona als katalysator voor klimaatplannen en digitalisering

Next Generation EU: corona als katalysator voor klimaatplannen en digitalisering

🕔08:00, 19.Jun 2020

Obligaties uitgegeven door de Europese Unie (EU); waar het voor de coronapandemie niet voor mogelijk werd gehouden, staat dit nu in het plan van de Europese Commissie om de Europese economie een nodige kickstart te geven. Als het pakket wordt

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Climate change post Covid-19: A crisis at a crossroad

Climate change post Covid-19: A crisis at a crossroad

🕔15:14, 18.Jun 2020

This year was supposed to be the year when policymakers, corporates and investors charged ahead in the fight against climate change. After the disappointing COP25 in Madrid, shocking wildfires in Australia at the end of 2019, an ambitious plan emerged

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At a turning point

At a turning point

🕔13:21, 18.Jun 2020

Five months into the Covid pandemic, there are signs of improvements. The risk of setbacks remains high, however.  Globally, infection rates remain worryingly high. In developed markets, a resurgence in outbreaks appears likely. Despite recent progress in containing Covid-19, the

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