Outlooks – Page 51
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White papersEnvironmental markets – Fundamentals will prevail
In their latest market update, Ulrik Fugmann and Edward Lees, co-heads of our Environmental Strategies Group, give their take on the sell-off in equity markets. They reaffirm their positive outlook for environmental stocks whose current valuations do not, in their view, reflect the strong fundamentals of the underlying businesses.
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White papersMiddle East North Africa Insight
The war in Ukraine and widespread inflationary pressures are expected to weigh on global demand. The International Monetary Fund (IMF) has forecasted global growth to slow from an estimated 6.1% in 2021 to 3.6% in 2022 and 2023. The economic damage from the conflict will contribute to a significant slowdown in global growth in 2022 and add to inflation. Fuel and food prices have increased rapidly, hitting vulnerable populations in low-income countries hardest.
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White papersOn My Mind: Overdue reality check for Fed and markets has barely begun
Franklin Templeton Fixed Income Chief Investment Officer Sonal Desai believes Investors’ expectations that interest rates will not rise much may be very misguided.
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White papersA fireside chat about the renminbi – How far will it fall?
In recent weeks, the renminbi has depreciated significantly against the US dollar. Chi Lo, our senior market strategist in Hong Kong, explains what is happening and give his outlook for the Chinese currency.
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White papersShoppers Keep Spending, But For How Long?
A risk-off tone was prominent this week in markets amid rising worries of stagflation, given aggressive monetary policy. Despite the solid U.S. retail sales data, retailers led a sharp decline in equities mid-week, which pushed U.S. Treasury yields lower.
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White papersThe Great Barriers To Entry
Semiconductor leaders in Asia planning to hike prices by as much as 20% Chip demand continues to outstrip supply even as growth fears bite Production is heavily dependent on a few countries and firms
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White papersCryptocurrency Investing - Powerful Diversifier or Portfolio Kryptonite?
Red dogs, stump tails and blue pups were just some of the creative names for the ultimately doomed currencies issued by poorly capitalized state-chartered banks during the wildcat banking era in U.S. monetary history from 1837 to 1863 – until Congress finally passed legislation that created a single centrally backed national U.S. currency.
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White papersPandemic, war and climate change sharpen focus on ESG
While COVID-19 helped accelerate the ESG agenda, the tragic invasion of Ukraine is likely to further speed up its evolution.
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White papers5G Digitalization: Bringing the Back Office Forward
5G digitalization technology is streamlining small and mid-sized businesses’ (SMB) back office processes. What opportunities could this bring?
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White papersA fireside chat about the Hong Kong dollar as it revisits 7.85
For the first time since 2019, the Hong Kong dollar (HKD) has fallen to the lower end of the Convertibility-Undertaking threshold, under which the Hong Kong Monetary Authority limits the currency’s trading range against the US dollar. Chi Lo, our senior market strategist in Hong Kong, explains what is happening and discusses the mechanism in place to sustain the Hong Kong dollar peg.
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White papersCredit: This Time Is Different?
With market volatility at the extreme, Franklin Templeton Investment Solutions looks back at history to see what to expect from certain fixed income asset classes, noting that history may not repeat.
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White papersEngagement theme: Biodiversity collapse
At AXA IM, we are committed to biodiversity protection. Throughout 2021, this commitment has been continually reaffirmed through a series of actions: Reinforcement of our biodiversity strategy and enhancement of our Deforestation and Ecosystems Protection Policy; further integration of biodiversity issues based on continuous engagement activities; and the consideration of new biodiversity dedicated data developed by our partner Iceberg Data Lab.
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White papersAre We There Yet?
Regardless of whether we get a hard or soft landing, we likely face a steep approach to the runway in trying to “land this plane.” The question is, how well consumers and companies absorb the slowdown, and whether sentiment is already bearish enough to create long-term value.
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White papersJapan: Land of the Rising Prices?
Japan looks set to emerge from 30 years of near-zero inflation in 2022—but are its companies able to absorb higher costs, or even re-learn the art of passing price hikes on to their customers?
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White papersRussian Gas Flows Face New Obstacles
The risk-off tone and heightened volatility in markets continued this week. Disruptions in European gas supplies (see page 2) led the euro to depreciate against the U.S. dollar, approaching 2016 lows. Meanwhile, elevated inflation data in the U.S. buoyed stagflation fears and expectations of an aggressive Fed tightening path, leading equities and the U.S. 10-year yield lower.
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White papersShanghai’s lockdown – What might it mean for global supply chains?
A prolonged Covid-lockdown of Shanghai could cause longer-than-expected disruption to global supply chains and raise inflationary pressure. As one of China’s largest hubs, Shanghai’s manufacturing and transport capacity is simply too big to be replaced elsewhere.
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White papersAlternative Data: Workforce Recovery and the Great Resignation
More displaced workers seem ready to come back into the labor force, but employers may need to watch their highly compensated “stayers.”
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White papersQuick Thoughts: China—Separating Myth From Reality
Chief Market Strategist Stephen Dover explores five myths about China—and why it remains misunderstood in West.
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White papersHow Ukraine Mission Creep Will Fuel the Next Inflation Wave
And that’s on top of the other risks from war aims that are turning ever more resolute, expansive, and vague.
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White papersHold tight for the Chinese demand shock: faith over fear
The extended lockdown in Shanghai and other cities have shattered market confidence, sending Chinese equity market down again over the month. Taking into account the damage of the zero-Covid policy to the Chinese economy, we expect a recession in Q2 and full-year growth to undershoot the government target by a wide margin (Amundi forecast 3.5% versus the 5.5% official target).
