Global Markets Update Should we be worried about Sovereign Wealth Funds? The collapse in oil prices has prompted concerns that many sovereign wealth funds (SWFs) will be forced to liquidate their vast holdings of financial assets, thereby putting further pressure on market... 19th January 2016 · 1 min read
Global Markets Update Will UK equities continue to outperform in 2016? It might seem surprising that the UK stock market has outperformed its peers recently, given the ongoing pressure on commodity prices. After all, the share of firms in commodity sectors is relatively... 15th January 2016 · 1 min read
Global Markets Update Is the US stock market really heading for a crash? The S&P 500 has shown signs of stabilising after a terrible start to the year. Many expect this to be a lull in the storm. But while there are at least eight reasons to be fearful of a major... 13th January 2016 · 1 min read
Global Markets Update Two worrying signals for the US stock market The equity bears have latched on to two recent developments in the US stock market. However, we don’t see either as a signal of its impending collapse. 13th January 2016 · 1 min read
Global Markets Update Sterling likely to fall further against the dollar, but not the euro After peaking in mid-November, sterling has fallen nearly 5% on a trade-weighted basis, making it the worst performing major currency bar the Canadian dollar over this period. The weakness will be... 12th January 2016 · 1 min read
Global Markets Update Will the rally in the yen run out of steam? The yen has been the strongest of the major currencies since the end of November. Not only has Japan’s currency benefited from the recent turmoil in global financial markets, but it has also been... 11th January 2016 · 1 min read
Global Markets Update Is the sell-off in EM equities really justified? The latest sell-off in equity markets in the emerging world is largely due to bad communication by the People’s Bank of China. Indeed, with many emerging market (EM) economies showing some signs of... 7th January 2016 · 1 min read
Global Markets Update On the link between US economic, equity and credit cycles An increase in Moody’s seasoned Baa-rated US corporate bond yield preceded all seven recessions that have taken place in the US in the past fifty years. What’s more, in six of those cases, the... 7th January 2016 · 1 min read
Global Markets Update What to make of renewed intervention in China Renewed intervention by the authorities in China may not be enough to prevent further falls in local equity markets, but even in the event of a sell-off the macroeconomic consequences should be small... 6th January 2016 · 1 min read
Global Markets Update What to make of renewed intervention in China Renewed intervention by the authorities in China may not be enough to prevent further falls in local equity markets, but even in the event of a sell-off the macroeconomic consequences should be small... 6th January 2016 · 1 min read
Global Markets Update Will commodities be top of the flops again in 2016? 2015 was a year to forget for most investors. Commodities were routed ... again. Equities struggled, especially in emerging markets. And bonds generally failed to shine. There should be more to cheer... 4th January 2016 · 1 min read
Global Markets Update Spanish government bonds to weather political uncertainty The better-than-expected showing from Podemos in Sunday’s general election looks likely to usher in a period of political uncertainty in Spain, which could lead to an anti-austerity government in the... 22nd December 2015 · 1 min read
Global Markets Update Japanese equities to outperform again as yen falls further A combination of fading fears over China and additional yen weakness, as the Bank of Japan steps up the pace of its asset purchases, should allow Japanese equities to outperform their US peers in 2016... 18th December 2015 · 1 min read
Global Markets Update Will markets continue to react well to Fed rate hikes? The positive reaction of many riskier assets to Fed “lift-off” supports our view that they will perform well in 2016. 17th December 2015 · 1 min read
Global Markets Update 10 key calls for 2016 With 2016 looming large, this Global Markets Update contains 10 of our key market calls for the year ahead. 14th December 2015 · 1 min read
Global Markets Update Markets to shrug off first Fed hike, but faster tightening to come A widely-anticipated Fed rate hike next week would probably not cause panic in financial markets. However, our view that the Fed will eventually raise rates faster than expected leads us to conclude... 11th December 2015 · 1 min read
