After more than two years of bitter discussions, leadership battles, thousands of hours and millions of pounds spent on a divorce agreement between Britain and the EU, sterling barely blinked when a draft deal was finally struck. Investors held off in an uncertain environment, only to move quickly when further uncertainty unfolded: the pound sold off and gilts rallied after two cabinet minister…
Read the articleFollowing the sell-off across financial markets in October, M&G’s Stefan Isaacs and Pilar Arroyo take stock of where we are in the fixed income markets.
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Emerging Market (EM) bonds and currencies were one of the main beneficiaries of Tuesday’s US mid-term elections, which resulted in a split Congress, with the Democrats controlling the House of Representatives and the Republicans, the Senate. This may refrain President Trump from implementing further fiscal incentives, which usually fuel the economy, lifting Treasury yields and the US dollar. Th…
Read the articleA divided America heads for the polls tomorrow to vote in the US midterms. M&G’s Randeep Somel and Kotaro Miyata discuss the potential election outcomes and their implications for policies and financial markets.
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In true market fashion, both stocks and bonds suffered in October, hit by concerns about the effects of rising rates and trade wars on economic growth and corporate profitability. The past month brought evidence of a slowdown, particularly in Europe and Asia: third quarter GDP growth in the Eurozone came in below expectations, dragged down by Italy’s flatness, while in Asia, Industrial Output i…
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If you are looking for something really scary this Halloween, there is no need to reach out for blockbuster thrillers or monster figures – just look at these six spooktacular financial charts.
This generation looks different
US Federal Reserve (Fed) Chairman Jerome Powell recently warned about the ever-increasing amount of US student debt outstanding: “You do stand to see longer-term negativ…
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This week’s Budget and Bank of England meetings may shed some light on a key question for investors and millions of taxpayers: After eight years of fiscal tightening, is austerity over and will the economic burden shift from monetary to fiscal policy? I wouldn’t hold my breath – something which may cheer gilt investors, at least for now. Let’s see why:
In her recent Conservative Party conferenc…
Read the articleThe luxury goods sector has lost some of its polish – at least in financial markets. Uncertainty regarding the strength of the Chinese consumer means it is important to be selective. Watch M&G Investment Director Shane Kelly and Global Consumer Analyst Catherine Lock discuss.
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Corporate, Emerging, Currency and Commodity markets – almost everyone but traditional safe-havens – had an early Halloween week on mounting concerns over challenged US corporate profits and dismal European PMI and Chinese growth data. As much as 75% of the 100 Fixed Income asset classes tracked by Panoramic Weekly fell, also dragged down by rising tensions over Brexit and as the European Commis…
Read the articleItalian bond yields have spiked over the past few months, especially after the general election in March. Over this period, corporate bonds have been more resilient than government debt – except in the highly relevant construction sector. Watch M&G’s Carlo Putti and Saul Casadio discuss.
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