ECB remains in wait-and-see mode as inflation picks up
The European Central Bank (ECB) is keeping its monetary policy unchanged, as ECB-president Mario Draghi expressed confidence that inflation in the Eurozone is “converging to our objective”.
Analysis
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May and Xi: A tale of two speeches
While Theresa May was delivering her long-awaited ‘hard Brexit’ speech in London, Chinese president Xi Jinping was addressing the World Economic Forum in Davos, lauding the merits of globalisation.
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ANALYSIS: ‘Clean’ Brexit provides clarity but many challenges
Sterling’s reaction over the weekend to leaked portions of Theresa May’s speech on the UK’s Brexit plans, and its general trend since 23 June, meant few expected much strength from the pound on Tuesday.
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CEOs fret about global GDP growth
2017 has been heralded by asset managers as the year of accelerating global growth. But CEOs aren’t having any of it. Uncertain economic growth is their top concern for this year.
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Asset managers have head in the clouds for 2017
Asset managers see global economic growth accelerating this year, extending an eight-year equity bull market beyond 2017. Fund buyers, however, are a little more guarded.
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ANALYSIS: New investment realities and rules await in 2017
Markets have displayed an uncanny ability to take political bombshells in their stride but the same may not be true in 2017.
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ANALYSIS: Is this the start of the euphoria we have been waiting for?
If the fund managers surveyed on a monthly basis by Bank of America Merrill Lynch are any indication, animal spirits have returned.
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Moody’s revises global AM industry outlook to negative
Moody’s has revised its outlook of the global asset management industry to negative from stable for reasons linked to regulations and the performance of active funds.
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Fed rate hike means risk rally could be short-lived – BAML
Bank of America Merrill Lynch suspects easier bank lending conditions will force the hand of the Federal Reserve to hike rates more aggressively, clipping the current risk rally.
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ANALYSIS: ECB acts but Japan lesson looms large
While EU leaders unveiled plans for a new €321m state-of-the-art ‘Europa’ Brussels HQ, over in Frankfurt the ECB was building its own foundations for change.
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Carney warns of threat to globalisation
Bank of England governor Mark Carney made reference to Karl Marx as he delivered a warning of a backlash against open markets, monetarism and globalisation.
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UK regulator slams active managers for “price clustering”
The Financial Conduct Authority has criticised the “weak price competition” among asset managers, attacking actively managed funds for failing to outperform their benchmark once fees have been taken into account.