Aneeka Gupta (WisdomTree) | The current earnings season sheds plenty of light on the outlook for global equity markets. This time last year, the world was thrown into disarray owing to the COVID-19 pandemic. Since then, we have seen lockdowns lifted as vaccination rollouts gather pace. In addition, the gradual resumption of economic activity, stimulative global fiscal plans, and the release of pent-up consumer demand are being reflected in first-quarter earnings results. As a result, the breadth of earnings revisions has been strongest in the US, followed by Japan, Europe while Emerging Markets and China are turning more neutral.Read More
In the World
Pieter Busscher (Robeco) | The findings were part of a series of studies from the World Bank investigating the economic and environmental impact of applying circular economy principles within industries. The study analyzed the plastic supply chains of Malaysia, the Philippines and Thailand, and found that 75% of plastic that could have been recycled had been discarded. This means that almost 5 million of the 6.5 million metric tons of plastic produced is either hauled to trash heaps, dumped in oceans, burned in incinerators or simply scrapped as litter in the open environment.