The Weekly Brief Last week Lyxor Cross Asset Research team addressed the positive performance of CTA strategies during the market downturn, which started a few weeks ago and dragged global equities nearly -6% lower in May. This fact is nonetheless
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
t is hard to overstate the differences in style between China and the United States. The Chinese are measured, patient and subtle. They view Washington’s posture as impulsive and unproductive. Several people in Beijing referred to the increase in tariffs
Weekly Digest Hiring managers looking to bring someone into their business or team would naturally include an interview stage for promising candidates, which may consist of several rounds of face to face questioning and assessment. Why should the process of
Strategy Espresso On 1 May, investors in US equities were celebrating. The S&P 500 had more than recovered all of the losses from last year’s Q4 sell-off to reach a new all-time high of 2,954. The CBOE Volatility Index (“VIX”), widely accepted
This year’s rally in risk assets came to a screeching halt in May, derailed at first by the collapse of U.S.–China trade negotiations. It was thought that a deal could emerge during the first week of the month. Instead, the
Weekly Commentary Inflation expectations have sharply fallen recently, driving down U.S. government bond yields and focusing attention on Fed policy. The market now expects three Fed rate cuts by the end of 2020. The Fed is getting concerned that its
Macro Weekly Eurozone economic sentiment improves Industrial production in Japan and Korea improves But China manufacturing PMI drops back again
Index Dashboard: U.S
Index Dashboard: Europe
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
Weekly Commentary Heightened geopolitical tensions increase the risk of cyberattacks, with growing market implications, in our view. Risk assets including stocks sold off on mounting worries about growth and U.S.-China tensions. UK Prime Minister Theresa May resigned. This week’s Chinese
Market Flash The US trade dispute continued to worry markets and US and German companies. At the end of the period, US PMI data remained in positive territory but showed confidence levels slipping. The Fed stayed in wait-and-see mode as
S&P Dow Jones Indices
Weekly Commentary We see high yield bonds as a key source of income in bond portfolios, and advocate a balanced and diversified approach U.S.-China trade tensions ratcheted higher, reawakening market focus on global trade risks. Crude oil prices rallied on
Market Flash In a week full of twists and turns, US-China trade talks turned complicated. Donald Trump is now expected to postpone the introduction of tariffs on European car and spare part imports to the US. This coincided with a
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
Weekly Commentary Last week’s selloff is a reminder of the potential for late-cycle bouts of volatility. We remain risk-on, yet advocate maintaining portfolio ballast. The U.S. increased tariffs on $200 billion worth of Chinese imports, dialing up pressure on China
Strategy Espresso At the end of May, MSCI Emerging Markets will conduct their semi-annual index review and rebalance. As per usual, this process will create a certain amount of turnover in the index as companies are added and removed based
Market Flash Volatility rebounded from lows after Donald Trump threatened to raise tariffs on certain Chinese imports from 10% to 25% from Friday May 10 if trade talks failed make substantial progress. He followed through on this threat even though
Market Flash A shortened week got off to a positive start with S&P maintaining Italy at BBB with a negative outlook. Spain's elections saw the Socialist party come out on top with more seats than previously but still no absolute
Aandelen zijn dit jaar sterk hersteld van de forse daling van de koersen die we eind 2018 zagen. Maar hoe komt het dat de koersen dit jaar zo hard zijn gestegen? Zijn de vooruitzichten opeens zoveel beter? We krijgen de
Strategy Espresso Markets have rallied but we haven’t seen investors go back into equities. Indeed, European-domiciled ETF flows show that fixed income was still the favoured asset class in April with $4.5 billion of inflows versus $820 million out of equity. Year to
▪ Although U.S. real private sector final demand slowed significantly in Q1 to 1.3%, the business and consumer sectors remain on solid ground amid the late-quarter rebound in retail sales and durable goods orders, near-record low weekly unemployment claims, and
Growth 1Q19 U.S. real GDP growth was 3.2% q/q saar, up a full percentage point from 2.2% in 4Q18. Despite the protracted government shutdown and an anticipated fading boost from tax cuts, growth in 1Q was bolstered by high inventories,
Asset Allocation Consensus Equities June 2019 on Youtube: https://t.co/WD3mMy1JgI
