Mixed signals for emerging markets
Despite China’s first steps away from the zero-Covid policies that have sapped its economy and some optimistic forecasts for 2023, investors tapped...
Economist Insights
A few green shoots as third quarter starts
Flows during the first week of the third quarter favored liquidity, with EPFR-tracked Money Market Funds recording their biggest inflow...
Waiting on the central bankers in early June
With the European Central Bank meeting the day after the latest reporting period and US Federal Reserve policymakers convening five days later,...
Shell manoeuvring on fractured ground
Markets have reacted coolly to Shell’s attempts to win over critics by simplifying its structure and moving headquarters from the Netherlands to the...
Policymakers hope perfect inflationary storm blows itself out
Changing interest rate cycles are often associated with market volatility and dislocation. This time is no different with investors responding...
British pound lost in translation of BoE guidance
Central bankers have prided themselves on clear communication with markets in recent years. But the road mapped out by Bank of England (BoE)...
Tiptoeing into the Christmas holidays
Flows to EPFR-tracked fund groups during the first week of December tilted towards the positive – at least for the US. Investors steered money into...
Investors parse the meaning of transitory going into December
Hopes that the impact of Covid’s Omicron variant will prove transitory, concern that it will not, and fears that inflation is here to stay...
Turkey for Thanksgiving, Omicron for Christmas?
With Covid regaining center stage, much of the US on holiday and many central banks rummaging around in their inflation containment toolkit, flows...
Shivers run through Europe and Japan as supply chains rattle
The Japanese economy’s 3% contraction during the third quarter and the latest spike in natural gas prices pushed supply chain issues to the top of a...
Earnings and inflation both roar in early November
From a fund flow perspective, the week ending Nov. 10 saw groups and themes that have fared well for most of 2021 continue to attract fresh money....
Investors feel the heat in early November
The twin specters of inflation and the planet running hotter occupied investors going into November as the UN climate summit, COP26, got underway...
Chasing earnings and keeping powder dry
With four out of five US companies reporting Q3 2021 earnings that beat expectations, US equity markets climbed to fresh record highs during in late...
Earnings growth wrestles inflation for control of market narrative
Rising prices and higher-than-expected earnings shaped investor sentiment during the third week of October. Most of the companies reporting their...
Dealing with inflated expectations
Expectations for economic growth, US job creation and the transitory nature of inflation all took a knock during the second week of October as...