Why the dollar could head lower than you think
The performance of the dollar has been one of the mainstays of global markets over the course of the past 18 months – but things are likely to be more nuanced this year
Currency
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Beware China’s rapidly diminishing cash pile
The ‘humiliation’ of emerging markets, particularly China, is currently at an extreme says Bank of America Merrill Lynch.
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Did investors get their fixed income outlooks right?
That bonds were not going to return a great amount of money in 2015 was not a hard call to make a year ago. But how were fund selectors and asset managers looking at fixed income at the end of last year?
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Dollar cash outperforms MSCI World year-to-date
If you had invested all your cash in dollars as a euro-based investor this year, you would have earned a better return than if you had emulated the MSCI World. Moreover, equity returns seem to have become completely tied to exchange rate movements.
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Investors seek refuge in cash
Amid a violent market correction reminiscent of the 2008 global meltdown and unusually heightened volatility, European investors have chosen to play it safe. Money-market funds were their preferred choice in August.
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Swedish investors unanimously dismiss peg to the euro
In a big vote of no-confidence in the euro the Swedish investor community collectively dismissed the possibility of pegging the Swedish currency, the krona, to the euro.
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Nothing conventional about Chinese currency slump
There has been a lot of conventional wisdom bandied about over the past few days in relation to China’s loosening of the renminbi peg.
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China devalues renminbi for second day
China’s Central Bank has devalued its currency for the second consecutive day, following Tuesday’s biggest depreciation in two decades.
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China creating big trouble for emerging markets
The issue of the value of China’s currency versus other major currencies, particularly the US dollar, has been rumbling on for many years now.
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Renminbi devaluation stokes fears of future moves
The one-off depreciation of the yuan needs to be just that in order to avoid sparking a currency war and derailing the global recovery, according to industry experts.
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Investors pile into currency-hedged European equity
Consider the following: you come together with your investment committee, look at macroeconomic fundamentals, GDP growth trends and companies’ earnings forecasts, and you come to the conclusion that European equities are far more attractive than stocks elsewhere. However, you and your colleagues also agree that, with a rate hike in the US this year ever…
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Japanese equities: is the ground starting to shake?
The concerted efforts of Japan’s bold Prime Minister Shinzo Abe and the country’s central bank to revive the country’s ailing economy have left European investors unimpressed over the past years, as gains in Japanese shares resulting from Abenomics policies were largely offset by currency depreciation. As a consequence, most European fund buyers have consistently kept…