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BVTV: Tariffs, trade wars and economic shockwaves

President Trump has sent shockwaves through the global business community with his decision to impose tariffs on steel and aluminium imports to the US. Will this protectionist move prove to be the catalyst for an eventual downturn in global economic growth, and what are the implications for equity and bond markets? Randeep Somel, deputy fund manager in M&G’s equities team, joined me this mornin…

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BVTV: Italian election special

With the European economy growing at its fastest pace for a decade – and with Italy itself seeing an impressive return to growth – the uncertainty of an Italian election is something investors will be keeping a close eye on. The country goes to the polls on 4 March, although the outcome is unpredictable with many observers expecting a hung parliament and no outright winner.

To discuss the poten…

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BVTV: The calm after the storm?

After a rollercoaster week for equity markets, which saw the VIX volatility index spike to one of its highest ever levels, I’m joined this morning by Craig Moran, fund manager in M&G’s multi asset team. Tune in as we discuss what drove the correction, whether it’s likely to prove a short term risk-off event or a longer-term market reversal, and how much further equities can potentially rally, g…

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BVTV: Getting to the bottom of subordinated debt

Subordinated debt enjoyed an excellent year in 2017, AT1 (Additional Tier 1) bonds in particular. But what are the unique features of this sub-asset class and do AT1 bonds still offer value? M&G credit analyst Mark Robinson, who focuses on the banking sector, joined me this morning to explain the challenges that today’s tight spread levels potentially hold for investors.

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BVTV: Can Abe make Japan great again?

Having eventually emerged from the shadow of its lost decades, Japan is currently enjoying its second-longest economic expansion since World War II, having grown for seven successive quarters. John Lothian, deputy fund manager on M&G’s Japanese equity portfolios, joined me this morning to discuss the outlook for the BoJ and what the positive macro-outlook means for Japanese asset prices.

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Davos 2018: M&G’s CEO Anne Richards talks to Jim Leaviss. Are markets headed towards another financial crisis?

This year’s Davos World Economic Forum (WEF) comes at a time where equity and credit valuations look high, where we have “obvious” bubbles in cryptocurrencies, and where bond yields – perhaps an anchor for all financial asset valuations – finally seem to be moving higher.  Global borrowing across governments, financial institutions, companies and households is at record levels.  Can the global …

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BVTV: What you really need to know about the US tax reforms

While you’ve probably heard about President Trump’s success in pushing through a package of tax reforms – arguably his biggest achievement to date – did you know that its requirement for companies to repatriate cash is mandatory? Or, that in most cases this has already taken place? Tune in for this week’s edition of BVTV, where M&G credit analyst Simon Duff gives us the bigger picture of what t…

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BVTV: 2018 – the year of the bond bear market?

After such a good run for credit spreads in 2017, and a more challenging start to the New Year for government bonds in particular, are we right to be more cautious about prospects for markets in 2018? Fund manager Wolfgang Bauer joins me to discuss what’s behind the recent sell-off in bunds and Treasuries, and what we can read into primary market activity so far in January. 

Plus, will the ECB…

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