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.
Analysis
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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.
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OPINION: Why the dollar bulls are mistaken
The dollar has rallied in recent days as investors believe stronger US GDP growth and Fed rate hikes will push the greenback up. But markets are ignoring the forces that are likely to drag the dollar down in the longer term.
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ANALYSIS: Volatility here to stay in the age of the ‘Toblerone’ market
Ever get the feeling you’ve been cheated? As I write, the masses are rebelling against a momentous decision that has thrown the free world off its axis… and that’s just the changing shape of the Toblerone.
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Is the Trump inspired dollar slide over already?
As Donald Trump’s win in the presidential election became inevitable overnight, the dollar fell against other major currencies but this was quickly reversed following his conciliatory victory speech.
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The Brexit debate: What exactly do we know?
As the British government struggles to trigger an exit from the European Union, fund distribution heads at some of the biggest asset managers share their thoughts on the implications for their UK and European operations.
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Does Brexit really mean Brexit? Court rules UK parliament must have a say
In a blow to the government’s ‘Brexit means Brexit’ rhetoric, the UK high court has ruled that Parliament must vote on whether or not to Trigger Article 50 of the Lisbon Treaty.
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ANALYSIS: Is the bond sell-off a blip or just the beginning?
Yields rose notably this week and investors will be considering whether to stick to their guns to avoid making a paper loss a real one, or get out before things slide further.
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Allianz chief warns diversification strategies may face threat
The once “unthinkable” prolonged period of low and negative interest rates may have even further to travel, according to the chief economic adviser to insurance giant Allianz.
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Fiscal fears stoke bond bull capitulation calls
The death of the 30-year bond bull market that has formed the backdrop for most City careers has been predicted many times. It has yet to come to pass. But, if one were looking for signs that it is reaching an inflection point, the last seven days has proved a fertile hunting ground.