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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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.
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.
European high yield has had a good run so far this year but can that continue as the European Central Bank turns off the quantitative easing (QE) tap?
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.
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.
The International Monetary Fund has warned against the effects of reining back asset purchases by the European Central Bank, as the ‘Draghi put’ sees its fifth anniversary.
ECB president Mario Draghi stopped short of announcing a gradual reduction of the central bank’s monthly asset purchases from its current size of €60bn. But markets are convinced tapering will start next year. The question is just which approach the ECB will take. ABN Amro’s head of financial markets research Nick Kounis looks at three…
Industry experts are not expecting the European Central Bank to tighten monetary policy at its next rate meeting, despite Mario Draghi’s hawkish mood of late.
The improving economic outlook in the euro area has prompted the European Central Bank to consider reining in its monetary stimulus. How should investors respond to the prospect of monetary tightening in Europe?
Most absolute return funds have failed to live up to expectations in recent years. As a consequence, their popularity with Italy’s fund selectors declined somewhat. But Italians’ love for absolute return has flared up once again, for obvious reasons.
As expected, the European Central Bank (ECB) kept rates on hold on Thursday. Hawks’ hopes the ECB may hint on monetary policy tightening were disappointed. But there was a change of tone in ECB-president Mario Draghi’s words.
The fact that the Euro Stoxx 50 index recorded its largest one-day gain since July 2012 on Monday suggests the importance for investors of Emmanuel Macron’s victory in the first round of the French presidential elections can hardly be overestimated.