In "Applied philosophy: The land of the rising prices," presenteert Invesco een grondige analyse van de huidige inflatie in de oostelijke EU-lidstaten, die enkele van de hoogste inflatieniveaus in Europa ervaren. Deze situatie doet denken aan de opflakkering van inflatie
In "Inflatie update," schetst ASR de staat van inflatie in de Eurozone en suggereert dat deze mogelijk zijn piek heeft bereikt. Met behulp van een 'inflatie-dashboard' geeft de analyse aan dat de recente afkoeling van de inflatie voornamelijk wordt gedreven
"Bonds (and cash) definitely back on the radar screen" by Amundi encapsulates the convoluted dynamics of global markets in the previous month. These dynamics are influenced by various factors, including stress in the US banking sector, uncertainties surrounding the US
Uncertainty is the dominant theme in the equity market landscape of April 2023. Despite the anticipated end of the Federal Reserve's hiking cycle, the report underscores that this focus might miss the real picture. The Fed hikes are, in essence,
The text outlines a pragmatic approach to global asset allocation, given the prevailing economic conditions. It delves into the intricacies of economic forecasts influenced by central banks' tightening, potential banking crises, and geopolitical tensions. A slowdown in growth and continued
In the report titled "Patchy disinflation will trigger policy divergence," AXA Investment Managers assesses the nuanced inflation scenarios in the US and Eurozone markets. The US is witnessing a gradual softening of headline inflation; however, core improvement is slow due
The piece provides an in-depth analysis of the shifting dynamics in the fixed income landscape. It highlights the dramatic shift from a low-yield environment, influenced by the predictable accommodative nature of central banks, to an era of higher expected inflation
PGIM Quantitative Solutions Q2 2023 Outlook The first section of the text provides an overview of the global economic landscape as of Q2 2023. The global economy started 2023 on a surprisingly positive note, with the US, Euro area, and
Guide to the Markets The text above presents a comprehensive economic and market analysis by the Global Market Insights Strategy Team, led by notable experts such as Nimish Vyas, Vincent Juvyns, and Tilmann Galler. It dives into an array of
What the ‘next normal’ means for fixed income: reimagining core bonds That the ‘next normal’ means for fixed income: reimagining core bonds This article explores the “next normal” for fixed income investments in the post-COVID world. After a long period
Het rapport bespreekt de toekomst van inflatie en groei in ontwikkelde economieën, met een focus op de VS en de Eurozone. De verwachting is dat de inflatie niet lang zal aanhouden, maar het vertrouwen in de groeivooruitzichten van deze ontwikkelde
In the first quarter of 2023, global growth generally surpassed expectations, with the US and European composite purchasing managers’ index (PMI) business surveys highlighting the rebound. Factors such as lower energy and oil prices, along with the reopening of China,
The recent deposit outflows from several banks in the US and Europe have triggered concerns and recollections of the Global Financial Crisis (GFC). However, the current situation, in our opinion, is better characterized as a period of banking sector stress
In the midst of a challenging investment environment with macroeconomic volatility, inflationary pressures, increasing interest rates, and the likelihood of a recession, the life sciences sector stands out. Despite a softening performance outlook for most asset classes, private real estate,
Q2 2023 Global Market Outlook Full Report The text highlights the current economic landscape, characterized by resilient growth, slowly receding inflation, and continued monetary tightening by central banks. This creates a favorable environment for government bonds and uncertainty for equity
Capital Market Assumptions March 2023 The annual edition of Capital Market Assumptions takes a more in-depth approach this year by considering the impact of climate change and social considerations on economic variables and asset class behaviors. The need to balance
The recent banking crises in the US and Switzerland have sparked concerns about the stability of the global financial system. However, these crises are unlikely to pose a broader threat. Despite this, lending standards are anticipated to tighten and inflation
The major developed economies, despite less wear than anticipated, are not necessarily on a steady path to recovery. In fact, their resilience might be leading to a slowdown rather than accelerating recovery. Inflation remains high, and monetary and financial tightening
Callan recently made substantial adjustments to their 2023 Capital Markets Assumptions, prompted by the historic rise in bond yields that began in March 2022. The changes include an increase in cash returns from 1.2% to 2.75% and core fixed income
The main theme of the text is the challenging investment landscape characterized by banking sector turmoil, inflation pressures, and an uncertain interest rate environment. This uncertainty is causing market volatility and creating a holding pattern for investors. The author's investment
The main theme of the reasearch revolves around the Franklin Templeton Investment Solutions (FTIS) 2023 Capital Market Expectations (CMEs), which cover their 10-year forecast for asset class returns and volatility. The CMEs also discuss how FTIS believes economic themes such
The main theme of the presentation is the 7-year asset class real return forecasts by GMO. These local, real return forecasts are for several asset classes and not for any specific GMO fund or strategy. It is important to note that
The main theme of the text revolves around global trade recession, electric car pricing, German household savings, and German foreign direct investment (FDI) in Africa. The focus then shifts to policy rate decisions in the US and Eurozone amid inflation
The main theme of the text revolves around the recent banking crisis and the challenges faced due to policy tightening. The author highlights the Fed's response to regional bank failures, providing liquidity provisions to protect depositors and prevent widespread economic
The RBC GAM Investment Strategy Committee highlights the resilience of the economy, pointing to the aggressive rise in interest rates in response to inflationary pressures. Despite this strength, they argue that the rapid increase in interest rates will likely push
2023 Q1 Capital Market Assumptions In this summary of the "2023 Q1 Capital Market Assumptions" research paper by PGIM Quantitative Solutions, we explore the main theme of global economic growth and inflation expectations over the next decade. The text explains
The UK economy has had an encouraging start to the year, narrowly avoiding a recession in Q4 2022. Improved GDP and PMI survey results can be attributed to lower energy prices and a rebound in demand. Additionally, easing bottlenecks and
In "2023 Look Ahead: Refocusing and Building on Digital Assets' Core Principles," the authors reflect on significant developments in the digital asset space during 2022 and discuss the potential implications for 2023 and beyond. Despite a challenging year marked by
The 2023 Capital Markets Forecast by Syntrinsic Investment Committee provides an executive summary that reflects on the past year's events and how they have shaped the outlook for the coming years. The main theme revolves around higher interest rates, higher
As presented in the MFS Long-Term Capital Market Expectations 2023 edition, the main theme revolves around the forward-looking return and risk expectations across various asset classes and regions. The report highlights a more favorable outlook on global equities with a
This text from State Street Global Advisors discusses their process of generating long-term asset class forecasts, which are forward-looking estimates of total return and risk premia. The forecasts incorporate inflation, economic growth, ESG considerations, and current market conditions. The main
2023 Natixis Global Fund Selector Outlook Fund selectors worldwide face the dual challenge of navigating an uncertain economic landscape and evolving client needs. As inflation rates, interest rates, and geopolitical risks rise, 62% of fund selectors believe a recession is
In "Capital Market Line: Quarterly Five-Year Forecast of Relative Risk and Return Across Asset Classes – The Pendulums Are Swinging," the authors discuss a reset of inflationary forces in 2023 and the likelihood of a profit recession rather than an
Alternative Thinking | Q1 2023 Capital Market Assumptions for Major Asset Classes This article, titled "Capital Market Assumptions for Major Asset Classes," presents updated medium-term (5- to 10-year) expected return estimates for major asset classes. In 2022, expected returns increased
Personalized inflation hedging: A closer look at your true consumer price index This research paper, titled "Personalized inflation hedging: A closer look at your true consumer price index," delves into the concept of personalized inflation, which is affected by factors
QUARTERLY OUTLOOK – APRIL 2023 Crisis rhymes but no repeat: equity markets left finely balanced As the global economy adjusts to a higher inflation, higher interest rate environment, echoes of the 2008 crisis can be heard. However, the policymakers and
LONG-TERM STRATEGIC OUTLOOK A five-year returns forecast for major asset classes — updated twice a year to help you set strategic portfolio allocations The strategic outlook for major asset classes over the next five years is marked by uncertainty, with
2023 LONG-TERM CAPITAL MARKETS OUTLOOK In the face of a challenging economic environment, Canadian pension plans experienced a surprisingly positive year in 2022. Long-term interest rates rose dramatically, reducing the present value of future pension liabilities more than the fall
The latest data on inflation has led to concerns about the economy, with some fearing that hot inflation and economic data could lead to an increased chance of recession, even if it takes longer than first expected. The Federal Reserve
Our informative Research file delves into the current state of food inflation in Europe and what factors are contributing to the high prices. Despite cooling commodity prices, food, alcohol, and tobacco inflation remain high and are likely to remain so
Bank J. Safra Sarasin's investment committee cautions that despite robust economic conditions and strong labor and retail sales data, the risk of a US recession in the next 12 months remains high, forcing market participants to take a closer look
After spending over a decade trying to generate inflation, central banks are today confronted with the highest increases in prices since the 1970s. The return of inflation brings with it an unwelcome dilemma; combat inflation or prioritise financial stability. At
In Morgan Stanley’s report, “Good news, yet markets miss the point,” the main theme revolves around developed markets losing momentum after a strong start to the year. Despite receding recession risks, job data indicates a cooling labor market, raising concerns
A few months ago, Edmond de Rothschild predicted a disinflation trend and a modest recession. The author initially observed signs of wage moderation in the US and a promising disinflation trajectory. However, recent data has revealed a recovery in western economies,
Global Markets: Monthly Update and Key Insights The latest global markets report reveals mixed performance in major equity markets as investors assess growth opportunities against inflation concerns, with bond prices falling globally. The report highlights the 41-year high Japanese inflation,
This article highlights the economic climate in the Gulf Cooperation Council (GCC) countries, which seems brighter than other parts of the world. With elevated energy prices, an increase in tourism, and the acceleration of economic diversification projects, Saudi Arabia’s banking
In "Market views from BlackRock Fundamental Equities," the author navigates the complex investment landscape of the first quarter marked by high inflation, rate hikes, and a short-lived stock rally. Equities remain appealing for long-term investors, but as Q2 begins, it's
Last week brought good news on US inflation but the declines were even more dramatic in Europe. However, core inflation in the Eurozone has yet to peak. We believe it will follow headline inflation lower but the ECB may want
Key takeaways 60/40 portfolios have certainly seen better times, having recorded their worst-performing year since 2008. A turbulent 2022, however, could be the precursor for a brighter future especially for investors looking to balance long-term growth of capital, conservation of
Interest rate and inflation worries gain the upper hand as financial markets experience a breather after a strong start to the year. The reopening of the Chinese economy and easing inflation led to a relief rally, but higher-than-expected inflation data
