As long as there is no perfect equivalence between supply and demand, inflation will form part of our system, according to Robeco.
Hurricane Irma is likely to be the most damaging not only in terms of US population in risk but also of economic impact. Catastrophe bonds will be very useful as they usually “mitigate the risk of natural disasters by taking on losses that otherwise would be borne by primary insurers,” as stated by Julius Baer’s analysts.
Any sharp movement in exchange rates usually has an impact, in the short-term, on global firms’ stock prices. This is true for those included in the major indices of reference, companies which sell, produce and make profits throughout the world.
Stan Fisher the Fed’s vice president has decided to resign at mid-October for personal reasons. This will dramatically change the internal equilibrium of the Fed’s board.
Unfortunately, the stakes are being upped in this strange and perverse game between Trump and Pyongyang, with increasing possibilities of China becoming involved. A war with North Korea cannot be ruled out.
Latin American equities have been on a wild ride in recent years. After heavily underperforming global equity markets until 2015, their fortunes have turned. As pointed by Deutsche Bank AM, the MSCI Latin America Index is up by more than 20% in 2017. A closer look at correlations reveal Latin American equities correlate with metals and mining, not with politics.
While the euro area managed to sustain its upbeat momentum over the summer months , market doubt s about the trajectory of the US recovery have started to deepen. As economic growth becomes less dependent on accommodative monetary policy, markets are increasingly focusing on politics and the ability of governments to implement fiscal and structural reforms.
This was heard at Jackson Hole: “The cyclical recovery was gathering both pace and geographical breadth, thanks in part to the stimulus efforts of central bankers, the European Central Bank president said, adding that even if inflation remained low, the euro area economy was “gaining ground”. The Fed and the ECB feel they have done all they could. What a cop-out!
Andrew Sheng via Caixin | No one disputes the great and noble strategic vision of the “Belt and Road” initiative. But after various in-depth analyses, there are three issues that need to be solved before the project can proceed with success.
Donald Trump has launched a nation-wide campaign in an attempt to salvage his tax reform plans. And time is running out for Congress. After deciding to totally amend the bill, it is proving to be incapable of reaching a minimum consensus on its shape and content.