Webinar – Market Outlook: Balancing Policy Response Vs. COVID-19 Economic Fallout Central Banks and the COVID-19 economic impact is moving faster than ever, and its increasingly getting harder to keep track. Please join us to learn more about what has
How much does a lockdown cost? Economic forecasting in the current environment is obviously incredibly more difficult than usual and can even be a perfectly superfluous activity in the face of the sanitary emergency. Still, we need to build some
After leaving the US Federal Reserve, former Chairman Ben Bernanke described his mindset during the global financial Crisis in terms of outside-the-box results: “We knew we had to step away from orthodox policies and bring new solutions to the table.
Growth in CEE to dive deeper into negative territory Recent developments have deprived us of optimism and we revise our CEE growth forecast down to -4.7% this year. March PMI indices in Germany and the Eurozone plunged, dragged down by
The measures being announced are more dramatic than they were after the Great Financial Crash The political agreement reached in the Senate on Tuesday night will probably result in a fiscal injection into the US economy worth $2 trillion, which
Statistics Paper Series The Household Finance and Consumption Survey (HFCS) is a joint project of all of the national central banks of the Eurosystem, the central banks of three EU countries that have not yet adopted the euro, and several
Man vs Nature: what the government can and cannot fix There are things the government can try and fix during a pandemic and other things which it can’t. In this note we highlight some of what we have added to
The daily whipsaw of financial market volatility continues as investors struggle to determine just how bad the economy will get and how long it will take to emerge from the still-growing coronavirus pandemic. As Nuveen’s Global Investment Committee points out,
Our global house view in the wake of covid-19 The covid-19 crisis will generate a succession of economic shocks stretched over time and space, resulting in a global recession comparable, in some respects, to what was experienced in 2009. Our
Russ discusses the importance of keeping perspective as we face an unprecedented crisis. “The habit of despair is worse than despair itself” Albert Camus There is no precedent, at least not in modern times, for what is happening. Beyond the
Focus: Markets, stimulus packages, Eurozone inflation This week brought massive gains on the stock markets and yield premiums on the interest rate markets fell for the riskier investments. Spreads on Italian government bonds also fell. The markets have thus reacted
Investment Monthly – February 2020 We are living in an “age of uncertainty” with persistent uncertainties around the macro outlook. Geopolitical tensions have shown they have the capacity to create episodic volatility in markets. But we think it is important
In the early hours of this morning, the U.S. Senate passed a 2.2 trillion USD stimulus bill to combat the devastating impact of COVID-19 and social distancing on the U.S. economy. These measures cannot prevent the economy from falling into
Conference Call – Pandemics, Policy and Politics (continued) A dramatically different world one week later Over the last few weeks, the macro landscape has clearly started to shift, however few would have expected the dramatically different environment we currently find
What has the Fed done?The U.S. Federal Reserve (Fed) has pulled out its alphabet bazooka in an effort to ensure sufficient liquidity and the smooth functioning of financial markets, while also providing credit to businesses that are affected by the
Key points: Recent action by the US Federal Reserve is intended to avoid a seizure of financial markets. Our economic team believes there is a 70% chance of a US recession. They also note that the average market decline when
The Federal Reserve keeps at it: New supportive actions this week The Federal Reserve (Fed) on Monday announced new programs, with total buying power of USD300 billion, and enhanced existing ones to help support the economy and guide the markets
Beyond Bulls & Bears The US Federal Reserve continues to use whatever tools it can to help combat economic fallout from the coronavirus. Sonal Desai, Chief Investment Officer, Franklin Templeton Fixed Income, calls its latest response “a whole new level”
LATEST INSIGHTS TO STAY ON TOP OF THE MARKETSCoronavirus research compilation Michael Cembalest presents his latest research on COVID-19, the U.S. election and other current events causing market volatility. Continue reading Shock, crisis, rinse, repeat Bob Michele, Global CIO and
As the COVID-19 coronavirus pandemic continues to shake markets, major efforts from Central Banks and governments around the world aim to curtail negative economic repercussions. Are we headed towards a recession? How are major asset classes faring? Experts from Mellon
Abstract The quality of the geographical breakdown in the balance of payments and related statistics (such as international trade in goods, trade in services and foreign direct investment (FDI) statistics) can be assessed by means of comparisons with mirror data
Eurozone in recession, CEE as well The spread of coronavirus to Europe and exponentially rising number of infected people forced the introduction of preventive measures to reduce its speed. CEE countries have done so at a relatively early stage, but
Key points With the US and broader European economies entering the ‘acceleration’ phase of their respective COVID-19 infection cycles, fiscal policymakers across Europe and the United States have begun outlining plans to bear down on this growing shock to demand
En de impact op het financiële systeem en de markten Het aantal virus besmettingen ligt wereldwijd nu op ruim 218.000 gevallen. Na China en verscheidene Europese landen zet de verspreiding ook in de Verenigde Staten steeds verder door. Het aantal
Focus: ECB and US Fed measures, Eurozone PMIs he measures taken by central banks to counteract the economic downturn have been gathering considerable momentum for a good week now. We have listed the individual measures below. In summary, the central
Which financial assets are well positioned and which ones are at risk as policy-makers brace for major COVID-19-induced demand shocks? Find out more in this piece.
‘Whatever it takes’: Fiscal Edition -> https://opiniopro.com/2020/03/ubp/whatever-it-takes-fiscal-edition/ #CentralBanks #china #coronavirus #credit #crisis #ECB #fiscalpolicy #fomc #COVID19 via
@UBP_Group
Middle Market Direct Lending: Benefits of Pursuing Both Sponsored and Non-Sponsored Transactions -> https://opiniopro.com/2020/03/franklin-templeton/middle-market-direct-lending-benefits-of-pursuing-both-sponsored-and-non-sponsored-transac/ #Banks #Credit #lending via
@FTI_Global
Eye on the Market: Man vs Nature -> https://opiniopro.com/2020/03/jp-morgan/eye-on-the-market-man-vs-nature/ #centralbanks #Fed #fomc #government via
@jpmorgan
@JPMorganAM
Can the world economy “afford” this scale of fiscal and monetary stimulus? -> https://opiniopro.com/2020/03/opiniopro-selection/can-the-world-economy-afford-this-scale-of-fiscal-and-monetary-stimulus/ #CentralBanks #coronavirus #FED #fiscalpolicy #fomc #inflation #COVID19 via
@Opinio_Pro
