After December 2018, the weakest month for equity markets in almost a decade, January closed off as one of the better months in recent years. Our expert, Johan Gallopyn, looks at the driving forces behind the equity, bond, currency and commodity markets in the first month of the year.
Leading indicators suggest global economic activity remains weak following what has been a very lackluster recovery. Headline inflation looks set to rise towards the end of the year while core inflationary pressures remain modest for now.
Recently published confidence indicators suggest that the Brexit fallout on the Eurozone economy and the rest of the world remains contained. This signal is certainly encouraging. At the same time, however, it’s too soon to state that the Eurozone will continue to shrug off the consequences of the Brexit vote.
The resurgence of the trade dispute, central banks, Italy, OPEC, etc. - numerous events affected the market in June. Our expert, Johan Gallopyn, outlines the implications for the equity, bond and currency markets over the past month.
The disappointing recovery following the 2008 Great Financial Crisis has brought to life Alvin Hansen’s thesis of the late 1930s. Hansen was wrong. But he was wrong in way he still might be right after all.
Financial markets took a serious hit at the start of 2016 on yet another wave of worries about China. It’s widely accepted that a severe economic crisis in China is one of the most important risks again for this year. We agree.