All Inflation articles – Page 22
-
White papers
Lower for longer, no longer.
Changing Yields, Property Valuations, and Investment Opportunities
-
Blog
ECB in Pole Position to Over-Tighten in 2023
One narrative of 2022 was that central banks, including the ECB, were “behind the curve,” in their inflation fight. If this was right, financial conditions would need to tighten notably in 2023.
-
White papers
Macro Matters - Better than feared. Worse than hoped.
In this monthly series, we take a quick, comprehensive look at current macroeconomic themes that matter to clients.
-
White papers
A framework for navigating uncertainty
Uncertainty over inflation and central bank policy is likely to remain high during the first half of 2023 with a wide distribution of potential outcomes. Despite this, analysis shows that bonds already price in most of the downside risk and are expected to deliver favourable outcomes across a number of scenarios, as highlighted in the chart below.
-
White papers
European stocks rally as recession fears recede
The re-opening of China’s economy should provide a relative tailwind for Europe compared to other regions.
-
White papers
Bonds are back: credit markets focus during 2023
This year, we expect the global economic environment to feature sluggish growth and an extended period of sustained high inflation. For the credit market, it will be a tale of two halves:
-
-
White papers
Investment symposium – Macroeconomic themes for 2023
At our annual Investment Symposium, investment teams from across BNP Paris Asset Management debated the macroeconomic themes with the potential to shape markets in 2023, airing diverse perspectives and exploring the implications for portfolios. We share their conclusions on the main topics for the year ahead.
-
White papers
Emerging-Market Equities: Can the Bounce Be Sustained?
It’s been a long, hard slog for emerging-market (EM) equities. Since peaking in late 2010, EM stocks have underperformed global developed equities amid a confluence of macroeconomic and market headwinds. Now, a regime change unfolding in global markets may actually help improve conditions for beleaguered developing-world stocks.
-
Podcast
Emerging Markets Debt: An Early Spring?
Ricardo Adrogue, Head of Global Sovereign Debt and Currencies discusses the Barings’ team’s increasingly positive view on the outlook for emerging markets debt.
-
White papers
Convertible bonds: the weather forecast for 2023
Convertible bonds are an all-weather instrument. The optionality embedded in this asset class helped returns and provided a cushion during the challenges of the past two years.
-
White papers
Fixed income outlook - Sticky inflation
The latest data suggests that the US economy is headed towards a period of below-trend growth, if not outright recession. The effect of monetary tightening on aggregate demand is becoming evident, while supply chain pressures appear to be easing
-
White papers
2023 has begun with an inflation-relief rally
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we examine the current equity rally and its relationship to the decline in inflation.
-
White papers
Fixed Income Perspectives January 2023
Global growth is expected to weaken as central banks remain restrictive, though many economies have shown more resilience than previously expected Inflation should continue to lose steam in 2023, although it may remain uncomfortably high relative to central bank targets Higher yields and relative value opportunities offer better return ...
-
White papers
Fixed income investors are still too optimistic on inflation
Does the latest US data confirm the battle against inflation has already been won? Franklin Templeton Fixed Income CIO Sonal Desai says markets are overly optimistic.
-
White papers
Outlook 2023: Blowing hot and cold
Our Annual Outlook provides our key views and investment implications for the coming year
-
White papers
There IS an Alternative: Fixed Income Road Map - 2023
Bonds yields in many sectors rose in 2022. Finally, for investors who’d needed to seek income outside of fixed income markets, There Is an Alternative. Allspring fixed income leaders identify potential opportunities.
-
White papers
Asian credit outlook: a bright spot in 2023
After 2022 marked one of the worst years on record for fixed income, Asia is expected to be the world’s bright spot in 2023. We believe Asian credit reached a bottom in early November 2022 and is now on the ascendent due to China pivoting away from its zero-Covid policy and back towards a pro-growth stance, as well as the emergence of clear US disinflationary trends.
-
White papers
Fixed income rebounds on expectations inflation has peaked
As central banks moderate the pace of hikes and downturn concerns take the shine off riskier assets, bonds have seen renewed interest from investors.
-
White papers
A Peak That Persists
We think sticky services inflation paired with a moderate slowdown will enable central banks to maintain higher rates for longer.