Tijdens de Investment Outlook 2020 van Fondsnieuws duiden topeconomen en beleggingsexperts het beleggingsjaar 2019. Marieke Blom, hoofdeconomen van ING Nederland, geeft haar economische visie op het komende jaar.
CANDRIAM SUSTAINABLE INVESTMENT CONFERENCE to be held in Amsterdam on Thursday 12 September 2019 Sustainable Investments is on top of the agenda of this afternoon conference. The worldwide climate challenge, rising inequalities, increasing materiality of ESG factors and evolving
History shows that the economy and fi nancial markets are dominated by long-term regimes that at some point come to a break point, where one regime gives way to a new one. This shift may not be easy to detect.
The U.S. economy grew at an annualized rate of 3.1% during Q1 2019 and is on track to grow around 2.9% in Q2 2019.1 We expect GDP growth to slow in the 2nd half of 2019 as the effects of
U.S. Treasury yields declined again last week, with the yield difference between the 3-month T-bill and the 10-year Treasury note inverted further. Market expectations for a Federal Reserve (Fed) rate cut at the September meeting are high. However, the magnitude
At the beginning of the second quarter, market sentiments were positive amid China and U.S. were en route to reach a trade agreement, U.S. central bank stopped raising interest rates and planned to end balance sheet reduction in the year,
A widening gap between valuation and economic/corporate fundamentals Central banks seems to be very concerned about the slowdown in the economic cycle sparked by trade tensions. As a consequence, they have been intensifying their communications about their willingness to act.
The return of fall offers cooler temperatures—but a shifting market environment. Dovish central bank policies may extend the long economic expansion, but against a backdrop of rising geopolitical tensions and trade disputes contributing to slower growth. Investors are responding by
Medium and Long-Term Return Forecasts | Q3 – 2019 Our medium-term baseline scenario is that of a late business cycle slowdown supported by the dovish U-turn of central banks. We expect economic growth to evolve around potential for most developed
A surprise tariff announcement by the U.S. met with an unexpected depreciation in the Chinese currency, sending shock waves across global markets last week. This latest escalation in U.S.-China tensions reinforces our view that trade and geopolitical frictions have become
Market Outlook – The market remains in a tug of war between political challenges (trade tensions, Brexit, geopolitics) and monetary policy coming to the rescue. In the absence of central bank meetings in August, investors may refocus on macroeconomic and
Equity Outlook Equity allocation views – After significantly outperforming at the end of last year, China and the emerging markets (EM) have significanly underperformed the US and devloped markets (DM) since December.
Letter to Investors – This summer marks the 10th anniversary of the US economic expansion that began in June 2009. The current cycle is now officially the longest, no small feat considering that economists have been dating business cycles since 1854.
Market outlook Regional currencies are hovering between news around global trade disputes and a less dovish FOMC decision last week than markets had expected. The koruna and zloty were the worst-hit last week, but we see chances for further, major
We see the dovish pivot by global central banks supporting the economic expansion and risk assets, with rising protectionism the key risk. Elga explains. The Fed confirmed global central banks’ dovish pivot last week, as it cut rates for the
ADIA’s mission is to sustain the long-term prosperity of Abu Dhabi by prudently growing capital through a disciplined investment process and committed people who reflect ADIA’s cultural values.
Investment Outlook To say the first half of 2019 was tumultuous does not fully capture the extreme shifts we saw in asset prices, investor psychology, and economic expectations. The stock market, as represented by the S&P 500, rose to a
After an exceptionally strong start to the year, financial markets paused for breath in July, with most asset classes delivering muted returns. The Federal Reserve (the Fed) lowered US interest rates for the first time in 11 years, and the
House View Q3 2019 Prepare for the worst, hope for the best The outlook for the global economy has deteriorated over recent months. Despite a somewhat more positive start to the year than expected, with growth in both the United
From a trade dispute to a trade war. And back? The U.S.-China dispute weighs on our strategic outlook, even though its initial economic impact is small. In April, the market hoped for a resolution. Instead, the U.S.-Chinese trade dispute has
Mid-year outlook Financial markets have had a turbulent six months. They began 2019 by rebounding strongly from the severe late-2018 sell-off. In May 2019, however, the escalating US-China trade war and renewed slowdown fears caused them to surrender some of
Outlook and Review Central Banks Counter Rising Geopolitical Risk with a Healthy Dose of Liquidity Economic Outlook Global growth conditions are currently among the weakest since the financial crisis, and leading indicators show no signs of a turnaround yet (Chart
Quarterly Outlook Fixed Income Overview PGIM Fixed Income Third Quarter 2019 Outlook Page | 2 While record highs on the major equity indices make for good headlines, the year-to-date returns posted by several fixed income sectors are impressive in
Real Assets Outlook Deflation concerns weigh more on the minds of investors than inflation Inflation fears have been subdued in the market over the past year. Both core CPI and headline CPI have been declining over the past nine months
Wereldwijde groei zou moeten aantrekken als de handelsgeschillen niet verergeren. Dalende obligatierendementen wijzen op een omslag in de monetaire verwachtingen.
