Hoofdpunten De centrale banken bevestigen hun voorzichtige houding; dit jaar geen renteverhoging meer van de ‘Fed’ Zorgen over de handelsoorlog tussen VS en China zijn afgenomen, maar Europa is mogelijk het volgende doelwit van Trumps politiek Chinese stimuleringsmaatregelen lijken hun
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
Global stocks wrapped up their best calendar quarter in over eight years in March, as the Federal Reserve halted its interest-rate increases, and expectations strengthened for a trade truce between the US and China. The STOXX® Global 1800 Index rose
Research & Strategy Insights March macro data have been mixed in the US (manufacturing output contracting and surveys softening vs. elevated in services) and the Eurozone (disappointing Purchasing Managers indices and core inflation vs. more upbeat domestic surveys) In March,
The new year has brought with it a new wave of optimism, with equities and credit rallying strongly across the world. The sell-off in equities and credit in the final quarter of last year was caused predominantly by concerns about
Our current risk assessment Moderate tone from the major central banks triggered a rebound following the heavy sell-off in December. Economic data remains weak, but is likely to stabilise as the year goes on We are not expecting a recession
Commodity Monthly Monitor Following the reopening of the United States (US) Government after its shutdown, this report covers a period of three months. A lot has happened in that time frame. The market has been operating without data from both
A walk on the wild side Well, that was a wild ride: The worst December for the S&P 500 since 1931, followed by the best January since 1987 – all helped along by a sharp volte face from the Federal
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
Research & Strategy Insights Amongst risk assets, credit markets have continued to enjoy a positive backdrop – and we believe this looks set to persist in the near term. We expect lagging Euro Investment Grade spreads to catch up, in
Global markets and multi-asset portfolios Events over the last few months have revealed similarities with 2016. In both cases, the Federal Reserve (Fed) turned dovish in the face of a slowdown in global growth and volatility in financial markets.
Market review Equity markets experienced welcome respite in January, after a torrid end to 2018. Both developed and emerging market equities gained over 7% in total return terms, boosted by signals from the US Federal Reserve (Fed) that it would
Aandelenbeleggers zien het glas weer halfvol; economische en politieke onzekerheid blijft Stemming op aandelenmarkten slaat compleet om; wij blijven neutraal De stemming onder beleggers is in nog geen twee maanden tijd 180 graden gedraaid. Waar zij in december nog een
Risk & Volatility Febuary 13
Equity markets rebound We upgrade US equities and Asian highyield corporate bonds from neutral to overweight Valuations and underlying economic and corporate fundamentals remain in favour of risk assets, especially equities, in our view
The markets at a glance A marked weakening of cyclical and interest-rate-sensitive sectors has recently emerged. This trend has been noticeable in Europe, Japan and China for some months now. Now, it is also manifesting itself in the US, the
Equity market monthly review Global equities have swiftly recovered most of their 2018 losses, with the MSCI All Country World Index up 8% year to date. Of those S&P 500 companies that have reported earnings, 72% have beat earnings expectations
While macro data have been scant and mixed, the US Federal Reserve surprised with a very dovish tone Eurozone GDP ended 2018 in line with our expectations, with Italy in recession but France and Spain showing upside resilience. We see
We propose a functional principal components method that accounts for stratified random sample weighting and time dependence in the observations to understand the evolution of distributions of monthly micro-level consumer prices for the United Kingdom (UK). We apply the method
The Bank’s mandate is to conduct monetary policy to promote the economic and financial well-being of Canadians. Canada’s experience with inflation targeting since 1991 has shown that the best way to foster confidence in the value of money and to
Monthly Market Update | January 2019 December’s equity market sell-off led global equity markets into the red, marking the first time that U.S., non-U.S. developed, and emerging market equities all ended the year in negative territory since 2008. In fact,
Rates markets monthly review Fears of a stronger-than-anticipated global economic slowdown have recently seen biased central banks’ wording grow more cautious. In particular, the level of attention to financial conditions has risen. As a result, we’ve witnessed a spectacular re-pricing
Risk & Volatility January 16, 2018
A December to remember sets up an interesting 2019 December’s price action supports our constructive stance on credit spreads at the start of 2019. Euro investment grade in particular has reached valuation levels last seen shortly after the eurozone crisis
2018 was a challenging year with global equity markets falling 7.2%. Latin America was only major regional equity market in the green (+4.2%) while Japan (-14.9%), the euro area (-12.1%) and emerging markets (-9.7%) faced heavy drawdowns (Exhibit 1). On
