An excellent month of September ensured that the third quarter ended with positive figures for the equity markets. Our expert, Johan Gallopyn, takes stock of the main trends in equities, bonds, currencies and commodities in the past month. He also explains the position of the central banks.
This year’s Jackson Hole conference was rather disappointing in the sense that it didn’t deliver much out-of-the-box thinking with regards to monetary policy. US policymakers, meanwhile, highlighted that the case for a second rate hike has become stronger.
The recent wave of redundancies in the industrial and financial sector as well as the commotion surrounding CETA have put the challenges that come with automation and globalisation centre stage. These challenges come in addition to the issue of ageing and require urgent policy responses.
Financial markets are seeing lots of volatility and uncertainty has spread widely. Investors are fretting about several factors including China’s slowdown and its impact on emerging markets, US economic slowdown, the non-linear fall in oil prices, geopolitical risks and the European refugee crisis,...
Our global economic activity indicator suggests that growth remains subdued, in line with the IMF’s latest outlook report. That said, we are witnessing early but encouraging signs of acceleration in recent months.