Kijken we tien jaar vooruit, dan is de grootste groei te verwachten in het oosten. Vooral China wordt een factor van betekenis, nog belangrijker dan het land nu al is. Voor indexbouwer MSCI is deze ontwikkeling aanleiding om de weging van Chinese A-aandelen
Lower for longer in EM? Higher oil prices and renewed trade tensions see largely negative revisions to our emerging markets (EM) forecasts this quarter, though there are few dramatic changes. Idiosyncratic factors are also at work, and in some cases
While China’s economic growth showed some signs of a pickup in early 2019, overall activity in the rest of emerging Asia looks still weak, especially exports. We expect China’s policy stance to turn more accommodative amid weaker-thanexpected data and a
Investment Strategy Insights Most emerging countries are economically fragile when entering the World Trade Organization (WTO) and are granted leniencies not available to developed countries. As China grew within the WTO to an economic superpower, it became clear that the
Politieke risico’s domineren Geopolitieke risico’s eisten de afgelopen maanden weer een hoofdrol op. Het handelsconflict tussen de Verenigde Staten en China escaleerde, terwijl een oplossing juist binnen handbereik leek. Het geschil tussen beide landen draait om meer dan handel alleen.
What happened in the past month? Industrial activity growth appears to have softened in May – domestic construction activities remained stable while export demand dropped sharply after the US tariff hike on May 10. Property transaction volume held up in
The trade conflict between China and US is back in focus. On 10th May, US took tariffs rates on USD250 billion of Chinese exports to 25% from 10%. Retaliation swiftly followed. China raised tariffs on USD60 billion of US goods
Strategic asset allocation is the bedrock of investing, employed by professional investors around the world. For asset allocation to work, the portfolio manager needs well defined asset classes that have their own unique characteristics and complement one another. Thirty years
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
Invesco Fixed Income Investment Insights In September 2018, China's BRI marked its fifth birthday. The BRI seeks to forge new trade and investment ties across Europe, Asia, Africa, the Middle East and Latin America and is becoming increasingly relevant to
China macro update Defying global concerns around its growth, China’s first quarter GDP and March activity data provided further evidence that policy easing effects are coming through and growth is bottoming out, helped partly by an export recovery However, the
Strategy Espresso “Full-Blown Trade War is Quickly Shifting from Risk to ‘Baseline’” read a Bloomberg headline on Thursday 23 May, as analysts and economists from multiple institutions began adjusting their assumptions regarding whether a trade deal between the US and
Global markets and multi-asset portfolios It was only a few weeks back that the S&P 500 made new record highs, first quarter U.S. GDP soundly beat consensus with a well-above-trend 3.2% print and European data began to show signs of
Recognizing that uncertainties regarding U.S./China trade tensions have multiplied, our perspective on recent developments are based on the question of: “what do we actually know?”
No rush? On Thursday 2 May, US productivity grew at a nine-year high. The next day, the US celebrated unemployment at a 50-year low. But investors who partied into the weekend were sick Monday morning after President Donald Trump tweeted he
Investors turn to social media for tariff-truce updates ahead of a presidential in-person meeting at the G20 in June. Financial market participants spent much of the week monitoring the Twitter account of the US President in an attempt to decipher
Key points US-China tensions are back with a new round of tariff increases and threats of further escalation First quarter GDP data surprised on the upside in the US (significantly), in China and in Europe The demand breakdown as well
Oops, he did it again US-China tensions re-escalate … affecting stock markets and the yuan Complete breakdown of talks not likely, but uncertainty remains high
Investment Talks In our opinion, investors should dismiss the idea that talks could break down, albeit uncertainties remain. Recent work has focused on details and wording, with the majority of the agreement document having been completed. However, several major issues
Macro Weekly Manufacturing remains in the doldrums Disappointing Chinese April data after strong March Also a range of positives to note …
Global markets and multi-asset portfolios After several months of calm, recent weeks have brought a resurgence of international trade disputes; the U.S. and China raised tariffs again on each other’s goods, and other trade issues continue to ferment. Although the
Weekly Economic Commentary Trade negotiations between China and the United States took a sudden turn last week, when the White House announced new tariffs. China responded early this week with countermeasures. These provocations came as a rude awakening after three
USA and China remain in escalation trajectory The trade conflict between the USA and China has reached a new level of escalation. In reaction to the punitive tariffs of 25% on Chinese imports coming into effect last Friday, China has
Investment Talks After the US raised its tariffs on $200bn of Chinese products from 10% to 25%, China announced retaliation measures on $60bn of US goods to take effect on 1st of June. More specifically, the new tariffs will be
Asset Allocation Consensus Equities June 2019 on Youtube: https://t.co/WD3mMy1JgI
Dealing With China
👤Northern Trust 🕔07:00, 18.May 2019Weekly Economic Commentary To obtain an economics degree at the University of Chicago, students were required to take a year-long course in the history of a non-Western civilization. Economics is a social science, after all, and business cultures can vary
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