International Economic Outlook for Sept. 22, 2023
Our key forecasts for major regional economies September 22.
Back to homepage
Posts From BMO
Staying the Course Through Choppy Waters
In "Staying the Course Through Choppy Waters" by BMO GAM, the instrumental role of central banks in potential market disturbances is highlighted. Despite the economy's current stability, looming interest rate hikes could unsettle investors. While a gradual softening of the
Commodities Outlook for July 2023
In the report titled "Commodities Outlook for July 2023" by BMO Capital Markets, the primary focus is on the BMO Capital Markets Commodity Price Index, a critical tool that encapsulates the price movements of 20 vital commodities in the context
Assessing the Canadian Commodities Market: April 2023 Outlook
Commodities Outlook for April 2023 The main theme of the text, titled "Commodities Outlook for April 2023 – Technical Note," is the BMO Capital Markets Commodity Price Index. This index provides an overview of the price movement of 20 crucial
Beleggingsnota 2022
De Beleggingsnota 2022 van BMO Global Asset Management beschrijft onze visie op de belangrijkste ontwikkelingen voor de komende periode en de impact die deze kunnen hebben op beleggingsportefeuilles. De nota is geschreven door Jitzes Noorman, Delegated CIO en Investment Strategist
Klimaatrisico en Strategische Asset Allocatie
Marktvisie ESG-integratie: Klimaatrisico wordt steeds tastbaarder, zowel in de fysieke- als in de beleggingswereld. 2020 was, samen met 2016, het warmste jaar ooit sinds het begin van de metingen in 1880: de (oppervlakte) temperatuur bereikte een niveau van 1,02 graden
What’s new in munis?
Let’s make an (infrastructure) deal. On June 24th, the bipartisan Senate coalition reached a compromise on a US$1.2 trillion infrastructure package over the next eight years, which includes
Climate impact Think beyond stocks
As attention increases for investors to take action on climate change, bondholders are taking active steps to influence issuers, while pension funds have the investment scale to meaningfully drive ESG progress.
New kid on the block: EU-leningen in de LDI-portefeuille
Door de corona-pandemie zijn vele overheden genoodzaakt extra schulden uit te geven om de negatieve economische gevolgen het hoofd te bieden. Op Europees niveau zal de Europese Unie (EU) een zeer omvangrijk pakket leningen uitgeven. Deze EU-leningen zijn zogenaamde “Supranationals”
U.S. presidential election outlook
As the 2020 election season heats up and President Trump’s odds of winning continue to run cold, we believe it is important to understand the investment implications of a potential change in government versus the status quo. Below, we have
Fixed income market update July 2020
For the quarter ended June 30, 2020, the Bloomberg Barclays U.S. Aggregate Bond Index returned 2.90%. Year to date, the index has returned 6.14%. U.S. Treasuries returned 0.48% during the quarter as the yield on the 10-year U.S. Treasury declined
Recovery by 2022? It’s fiscally possible
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 …
Fixed income market update
For the month ended May 31, 2020, the Bloomberg Barclays U.S. Aggregate Bond Index returned 0.47%. Year to date, the index has returned 5.47%. U.S. Treasuries returned -0.25% during the month as the yield on the 10-year U.S. Treasury rose
Global equities – where to from here?
Global Perspectives – february 2020 2019 was the culmination of an exceptionally strong decade for equity markets. By some measures the past 10 years have seen the longest uninterrupted economic expansion in US history and the longest bull market ever.
BMO Market Charts
Developed international stocks have seen a wide dispersion of returns over the trailing five-year period, with six of eleven sectors posting negative returns. Looking ahead, we believe investors should consider using active management to help navigate the international equity landscape
COVID-19 Pandemie – Verwachte rendementen – Depressie en Stagflatie scenario’s
In deze publicatie geeft BMO Global Asset Management (BMO GAM) de impact van de pandemie op de rendementsverwachtingen voor de lange termijn aan voor wat betreft de verschillende beleggingscategorieën. Tevens bekijken wij twee historische scenario’s: de Grote Depressie en Stagflatie.
Fixed income market update May 2020
For the month ended April 30, 2020, the Bloomberg Barclays U.S. Aggregate Bond Index returned 1.78%. Year to date, the index has returned 4.98% U.S. Treasuries returned 0.64% during the month as the yield on the 10-year U.S. Treasury declined
Coronavirus & Marktontwikkelingen
Het coronavirus verspreidt zich nog steeds exponentieel/explosief wereldwijd. Na de initiële uitbraak in China, werd Europa het epicentrum. Zoals wij vorige week aangaven neemt de epidemie nu ook in Amerikaanse landen explosief toe en kent de VS nu wereldwijd het
Fixed income market update April 2020
For the quarter ended March 31, 2020, the Bloomberg Barclays U.S. Aggregate Bond Index returned 3.15%. U.S. Treasuries returned 8.20% during the quarter as the yield on the 10-year U.S. Treasury declined sharply to 0.67% at the end of March,
Manufacturing is key for earnings and equities
Our chief economist Steven Bell assesses the prospects for economies and markets in 2020 After such fantastic returns from equities and bonds in 2019 and a 10-year bull market, it makes sense to ask: should we take those chips off
Fixed income market update
– For the month ended February 29, 2020, the Bloomberg Barclays U.S. Aggregate Bond Index returned 1.80%. Year to the date, the index has returned 3.76%. – U.S. Treasuries returned 2.65% during the month as the yield on the 10-year
Fixed income market update
BMO Fixed Income For the month ended February 29, 2020, the Bloomberg Barclays U.S. Aggregate Bond Index returned 1.80%. Year to the date, the index has returned 3.76%. U.S. Treasuries returned 2.65% during the month as the yield on the
The end of globalization?
Global Investment Forum 2019 Over three days a selection of our investment managers, economists and strategists congregated in London for our annual Global Investment Forum (the “Forum”). As well as sharing their own analysis and insights, the team heard from a
Is inflation Frozen too?
Should the Fed Let it Go t the end of 2019, Frozen II was released to the delight of children who had been counting down the days since the release of the original film in 2013. Their yearning for a
The prospects for economies and markets in 2020.
Global Perspectives January 2020 After such fantastic returns from equities and bonds in 2019 and a 10-year bull market, it makes sense to ask: should we take those chips off the table, de-risk and bank the profits? To answer this question,
Low volatility equities: Why now, why active?
Low volatility equities: Why now, why active? Against the backdrop of a continuing bull market in equities, investor uncertainty has increased with a number of key economic and geopolitical risks, resulting in rising market volatility. Investors have logically sought to
BMO Global Perspectives January 2020
Global Perspectives After such fantastic returns from equities and bonds in 2019 and a 10-year bull market, it makes sense to ask: should we take those chips off the table, de-risk and bank the profits? To answer this question, I
Global Perspectives January 2020
Global Perspectives January 2020 After such fantastic returns from equities and bonds in 2019 and a 10-year bull market, it makes sense to ask: should we take those chips off the table, de-risk and bank the profits? To answer this
Fixed Income 2020 Outlook Live your best life
Living your best life, if we understand the parlance of our times, is to say live in the moment. This seems like a reasonable strategy for short-term enjoyment, but a fairly mediocre life plan. That approach appears a reasonable analog
Fixed income market update January 2020
For the quarter ended December 31, 2019, the Bloomberg Barclays U.S. Aggregate Bond Index returned 0.18%. Year to date, the index returned 8.72%. U.S. Treasuries returned -0.79% during the quarter as the yield on the 10-year U.S. Treasury rose to
Asset Allocation Outlook
Economic pain from trade wars is starting to take a bigger toll on the U.S. economic outlook. The global manufacturing sector is near recession while the more crucial service sector is slowing though still growing. We expect trade tensions to
Historisch lage rentes en het Japan scenario
Rentes bevinden zich al sinds de jaren ’80 wereldwijd in een dalende trend. De daling is recent in een stroomversnelling gekomen en rentes hebben historische dieptepunten bereikt. Zo is de 10-jaars Nederlandse staatsrente gedaald van een piek van 12,3% in
Global Perspectives
Global Perspectives The global economy has now entered the longest expansionary phase on record and yet we believe that there is still further to go. A recession is inevitable at some point; however, the current market conditions do not suggest
Chinese aandelen – een afzonderlijke beleggingscategorie?
Het belang van Chinese aandelen China’s gewicht in EM indices Indexproviders MSCI en FTSE verdelen markten in ‘Developed Markets (DM)’ , ‘Emerging Markets (EM)’ en ‘Frontier Markets (FM)’ . De classificatie is gebaseerd op een reeks criteria, onder meer de
Incorporating low volatility equity into a strategic allocation
Executive summary Low volatility equity strategies aim to provide market-like returns with significantly lower risk. They look to accomplish this by offering downside protection and meaningful upside participation. Given their defensive nature, investors want to know whether low volatility strategies
What if the Joneses are fiscally responsible neighbors?
Fixed Income Insights The move higher in rates in 2018 has impacted bond markets directly, as is to be expected, but fixed income investors should also consider the second order effects as higher rates have the potential to impact consumer
Historisch lage volatiliteit
Inleiding Volatiliteit is momenteel historisch laag, zowel in de aandelen-, rente- als valutamarkt. Dat mag verrassen in een wereld waarin staatshoofden twitteren over wie de grootste ‘nucleaire knop’ op zijn bureau heeft staan. Deze marktvisie tracht te verklaren waarom de
Don’t look down: cryptocurrency reaches new heights
Global Investment Insights Unless you have been cave-dwelling for the past year, you can’t have missed the meteor called bitcoin streaking across the firmament. Most have looked in wonderment at this strange phenomenon as its price gyrates as much in
Fixed income market update
For the quarter ended December 31, 2017, the Bloomberg Barclays U.S. Aggregate Bond Index returned 0.39%. For the year, the index returned 3.54%. U.S. Treasuries returned 0.05% during the quarter as the yield on the 10-year U.S. Treasury rose to
Wat als de ECB overgaat tot verkrapping?
Om de Backstreet Boys maar eens verkeerd te citeren: “Europe’s back – alright!” De Europese consument is niet langer in de ban van de verkiezingsrisico’s en de eventuele negatieve groeieffecten daarvan. Europa lijkt over te lopen van kracht en de
September 2017 Fixed Income Market Update
Economic and market perspective Hurricane Harvey resulted in devastating flooding in Houston, the fourth largest city in the United States, and throughout southeast Texas and Louisiana. Half a million people are believed to be impacted by the flooding, either needing
China in focus
Viewpoint Historically, we have not been able to find many interesting, really high quality companies in China which has largely centered on our discomfort with corporate structures, governance and alignment between majority and minority shareholders. While this continues to be
Responsible Global Equity – De volgende stap naar een fossielvrije (beleggings)wereld
De bedrijven in de portefeuille van ons Responsible Global Equity fonds adresseren via hun kernactiviteiten een aantal belangrijke problemen. In dit artikel bekijken we hoe een efficiënt gebruik van hulpbronnen en de energietransitie als thema dominanter worden in beleggingsportefeuilles. Nu
Structurele hervormingen maken opkomende markten interessant
De economieën van opkomende landen zijn de afgelopen decennia met zeer uiteenlopende snelheden gegroeid. De Asian Tigers (bijnaam van Singapore, Zuid-Korea, Taiwan en de Speciale Bestuurlijke Regio Hongkong, vanwege hun snelle economische ontwikkeling) vertoonden in de jaren ‘90 en de
Politiek boven aan de agenda in Europa
Vooruitzichten tweede kwartaal 2017 De Citi Economic Surprise Index, de enquête voor de (economische) verwachtingen voor de eurozone heeft de afgelopen maanden terreinwinst geboekt. Wereldwijd is dan misschien sprake van een aanzienlijk gat tussen de uitkomsten uit enquêtes en de
