Outlooks – Page 56
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White papers
Rising Inflation is Not All Bad News for Profit Margins
Concerns over companies’ profit margins continue to mount as the U.S. economy faces the highest inflation since the 1980s. However, we find that some sectors’ margins actually increase in high inflation.
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White papers
Hydrogen: Acting today for tomorrow’s net zero economy
CPR AM has been a committed climate player for several years now and has been innovating to offer investment solutions addressing the climate transition across all asset classes.
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White papers
Macron 2.0: More Europe, More Fiscal Stimulus
Investors had remained confident in the run-up to France’s presidential election, so Emmanuel Macron’s win had little effect on financial markets this week. But his convincing victory came as a relief to pro-European political forces in France and across Europe, for understandable reasons: his opponent, Marine Le Pen, is a long-standing Eurosceptic and friendly towards Russia’s President Putin. Her victory, amidst Russia’s invasion of Ukraine, would have sent shockwaves through Europe (as referred to in Russia’s Invasion: Eurozone Recovery Delayed but not Derailed).
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Europe Outlook: A French Economic Evolution
Franklin Mutual Series’ Katrina Dudley sees President Emmanuel Macron’s re-election as a positive for the French economy and regional equity markets over the longer term.
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Listening for the Tectonic Shifts
Salient developments will shape financial markets over the next year, but listen for sounds of more structural shifts in the economic and political order as well.
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Just What Will Break First?
Tighter policy will eventually tame prices, but it’s still hard to see a U.S. recession anytime soon.
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More China Lockdowns May Bring More Slowdowns
China’s zero-COVID policy should be a significant headwind to growth, with its impact likely weighing more on consumption than production. Nevertheless, more logistical delays could disrupt manufacturing activity in the months ahead and add to global inflationary pressures.
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White papers
ESG Thema #9 - Engaging on Human rights: Identifying risks and promoting best practices
This paper is the first of our ESG Thema series on social issues. The “S” pillar of ESG investing is increasingly on the agenda of investors, alongside environmental issues, as they have come to recognize the materiality of social risks. The first topic we will tackle as part of this series is that of respect for human rights, specifying how investors can integrate these fundamental rights in their investment and engagement strategies.
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Energy in focus Part 1: The last hurrah for fossil fuels?
The fallout from the conflict between Russia and Ukraine has highlighted the fragility of energy markets, with significant implications for the global economy.
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Sustainable Global Equity Report, Q1 2022
In this latest update on the Sustainable Global Equity strategy, fund manager Martin Todd asks: Is ESG inflationary?
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Technology Investing: Volatility, Valuations and Opportunity
Despite increased volatility due to the Russia-Ukraine war and rising interest rates, Franklin Equity Group’s Jonathan Curtis sees compelling opportunities within high-quality technology companies in an increasingly digital world.
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Cautious, Not Bearish
Investors may want to position for persistent volatility as growth begins to slow, but we still believe earnings growth supports the case for equities.
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Adopt a Gold Standard for Your Sustainable Investments
From escalating climate threats to growing social challenges, the impetus for creating a more sustainable world has become impossible to ignore. But we can’t rely on governments and philanthropy to solve the problems. Investors have an important role to play by supporting private sector efforts to address the issues that will redefine life on earth for decades to come.
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White papers
Beyond ESG: The Carbon Price Solution
The net-zero transition requires the rapid development at scale of new technologies, energy-efficient infrastructure, and carbon capture and storage. A carbon price, together with the elimination of fossil-fuel subsidies, would give investors powerful incentives to finance these and other imperatives.
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White papers
French election: markets complacent for Macron victory, but game is not yet won
The first round of the Presidential elections in France took place on Sunday 10 April and the result confirmed the general picture that commentators had anticipated in the weeks leading up to the vote. Incumbent President Emmanuel Macron will face off against National Rally leader Marine Le Pen in the second round, scheduled for 24 April.
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White papers
Fixed Income Investment Outlook: 2Q 2022
Global growth uncertainty has accelerated while inflation appears likely to persist. Still, we anticipate neither recession nor stagnation; moreover, central bank tightening expectations have likely peaked, potentially normalizing interest rate volatility and supporting spread sectors.
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Economic and Market Review: Key Considerations for Equity Investors
We believe the conflict in Ukraine may turn out to be less critical for equity markets than the upcoming turn we anticipate in the economic growth cycle.
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Global Investment Outlook: Actively Navigating Economic and Geopolitical Shocks
Stephen Dover, Head of Franklin Templeton Investment Institute, and Gene Podkaminer, Head of Research, Franklin Templeton Investment Solutions in conversation about shocks to economic growth highlighting the case for a multi-asset portfolio, the role of alternatives, and active management, in the latest global investment outlook.
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Market snapshot: Fed ramps up policy response to runaway inflation
US central bank to begin speedy reduction of its balance sheet as officials lean towards 50bps rate rises this year