Oil shock not the only problem facing UK gilts
Fast reading The global energy shock continues to underpin a sell-off in sovereign bonds. Political developments and fiscal pressures add an additional level of uncertainty to the UK economy that is not directly mirrored in other core sovereign bond markets. The potential re-emergence of so-called ‘bond vigilantes’ could spell further trouble for the world’s fifth-largest […]
Market Snapshot
Energy crunch fears rattle bond markets
Market Snapshot
Oil shock weighs on India outlook
Market Snapshot
Big tech dominates as US equities hit record highs
Musical chairs at the Fed
Federal Reserve (Fed) Chair-designate Kevin Warsh successfully navigated his contentious Senate Banking Committee hearing this past Tuesday, potentially clearing the way for him to replace Jerome Powell when the current chair’s term expires on 15 May. Just as significant is that Jeanine Piro, US Attorney for the District of Columbia, announced she was closing her […]
China: a trot, not a gallop – so far
Fast reading Near-term earnings growth remains subdued, and in a market dominated by short-term capital, conviction has been slow to rebuild. Yet none of this negates the longer-term transition underway. China’s shift away from property toward technology, advanced manufacturing, renewables and automation remains intact. It is firmly established as the world’s number two player in […]
Market Snapshot
Markets move higher on ceasefire announcement
Market Snapshot
Iran war reframes Asia investment focus
Back to those other bricks
The Strait of Hormuz remains closed, and spot oil prices remain above the US$90 per-barrel level we flagged six weeks ago as a key hurdle for markets if sustained into May. Even so, risk assets have begun to look through the Iranian conflict. The rally in stocks may, in part, simply reflect “war news fatigue.” […]
On not responding to events
The war with Iran has once again placed geopolitical risk as the major topic in most investment discussions. At times like these, some investors try to move opportunistically — buying asset classes or sectors that they expect to benefit while shedding those that look set to lose. Others aim to time the market. Others, still, […]
