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How vulnerable are Emerging Markets to Trade Wars?

Emerging Markets Portfolio Manager Claudia Calich analyses the potential effects of an escalation of the US-China trade tensions on Emerging Markets. Despite the diplomatic rows and all the column inches written, Claudia discusses how popular products such as French wine and cheese will always find their way to the end consumer, no matter how many barriers along the way. Calich also explains wh…

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BVTV: Markets go cold turkey

Market sentiment turned risk-off last week, largely due to the new US sanctions on Russia, which destabilised the ruble, and with the worsening of the situation in Turkey, which sank the lira and hit European lenders to the country. What are these two crises telling us about the state of the global economy? Watch some insights from M&G fund manager Wolfgang Bauer.

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Risk-off is on

Renewed political tensions between the US and Turkey and Russia increased uncertainty and led to a currency sell-off in both countries. Traditional safe-haven assets, such as US Treasuries and the yen, rose. Are these crises telling us anything about the state of the global economy?

What is happening and why?

The Turkish lira and the Russian ruble plunged recently, following an escalation of di…

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Panoramic Weekly – Trade war survivors: High Yield, FRNs

Despite a battery of central bank meetings, which left things more or less where they were – read: supportive of economic growth – global bond markets suffered from the ongoing trade wars, from rising oil prices and also as US data remained unconvincing, dragging down inflation expectations. Only about one quarter of the 100 fixed income asset classes followed by Panoramic Weekly posted positiv…

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BVTV: What could derail the momentum for US stocks?

Despite investor doubts about its prospects at the end of last year, the US stockmarket has led global equities so far in 2018. What could derail this momentum? And what are the potential effects of tariffs on US stocks? John Weavers, a fund manager in M&G’s equities team joins us to discuss what the impact might be and what could happen going forward to those exposed to China.

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BofE: The unreliable boyfriend finally comes through with the chocolates

The Bank of England unanimously raised its benchmark interest rate by 25 basis points to 0.75% – are gilts still an attractive investment opportunity? Are rising rates the main challenge to UK government and corporate bonds? Has Brexit risk been priced in?

Is the Bank of England right to raise rates?

The unreliable boyfriend finally came through with the chocolates – after months of going back …

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Panoramic Weekly: EMs 1 – Trump 0

Despite US president Trump’s plans to build walls between countries and impose barriers to global trade, the asset class which was once seen as the most vulnerable to his policies not only has emerged victorious in July – but also since he won in Nov. 2016: Emerging Markets (EM) fill 9 of the 10 best-performing fixed income asset classes in July, as their improving fundamentals and recent sell-…

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BVTV: Will BoE deliver?

In a busy week for central banks, attention will turn on Thursday to whether the Bank of England finally delivers a 25bp hike, having confounded expectations at its last meeting.

Should this prove the case, what impact will it have on the various parts of the UK bond market? I’m joined this week by Matthew Russell, who shares his thoughts on how a rise will affect markets, and whether sterling …

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The digital shift: Where have all the shops gone?

“If your time to you is worth savin’, then you better start swimmin’ or you’ll sink like a stone, for the times they are a-changin.” Bob Dylan     

Bob Dylan wasn’t probably thinking that his lines would apply to global retailers as many as 55 years after writing them – but they do.

Consumers are changing habits so rapidly that not all brands and retailers are quick enough to adapt to the new …

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