Brace for global recession in 2019
An economic downturn affecting most developed global markets will occur in 2019, Aegon Asset Management has predicted.
Analysis
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US & Europe: monetary divergence or convergence?
Blackrock’s chief investment strategist Richard Turnill believes “monetary divergence” between the US and the eurozone is creating investment opportunities. The assertion is certainly contrarian.
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UK sets up Brexit taskforce for asset management
More than 15 months after the Brexit vote, the UK government has finally decided to set up a taskforce to manage the impact of Brexit on the £8trn (€9trn) UK asset management business.
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Why the ECB will not hike rates until 2019
The European Central Bank (ECB) will begin unwinding its monetary stimulus programme this year but investors shouldn’t expect a rate hike until at least 2019, according to analysts at Lyxor Asset Management.
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Time for Draghi to taper QE
European Central Bank (ECB) president Mario Draghi was again tight-lipped on tapering following the bank’s latest policy meeting, but industry figures remain confident the ECB will roll back the pace of asset purchases from next month.
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Quarter of firms not ready for Mifid II
More than a quarter of businesses are struggling to prepare for Mifid II ahead of the January 2018 deadline, a new survey from communications firm Teleware has found.
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ANALYSIS: ECB tapering is edging closer
Just a few months ago, market watchers were convinced the ECB would soon announce a start to reducing its asset purchases. But even though the European economy has since powered ahead, it now looks unlikely that a detailed tapering announcement is due.
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Rising carbon prices threaten dramatic drop in profits – Schroders
Carbon prices will have to increase exponentially over the coming decades if we are to meet the minimum target of the Paris Climate Accords.
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Financial adviser body calls for harmonisation of EU product distribution rules
The legislative barriers restricting the cross-border distribution of funds across Europe have to be removed and replaced with harmonised rules at EU level, the European Federation of Financial Intermediaries and Financial Advisers (Fecif) says.
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“Harvey damage will force Fed to hold rates”
The damage caused by hurricane Harvey will dampen GDP growth to an extent that will force the Fed to forget about hiking rates further this year, it was claimed.
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Rising fund management costs eat away asset manager margins
Asset managers are seeing their margins being eroded because remuneration paid to fund managers and analysts is increasing while management fees are coming down, research has found.
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Euro powers ahead as Draghi keeps silent
The euro has reached multi-year highs against all other major currencies this week after ECB-president Mario Draghi gave a blank speech at the Fed’s Jackson Hole meeting.