Global CIO Q&A: on inflation, rates, recession and more
William Davies looks at inflation and interest rates, recessionary risks, and sector and asset allocation preferences.
Where to next for the UK?
The UK’s reputation as a well-managed economy has suffered badly while at the same time expectations for interest rate hikes in the US and Europe have shifted upwards.
A chaotic start to the quest for growth
Using three charts as the focus, Robert Plant considers whether following the volatility triggered by the controversial UK mini budget, things are now set for a slightly calmer course.
What role does fixed income play in current markets?
Investing in fixed income appears challenged at a time when UK gilts are yielding 3% (or more) while inflation is current headlining at around 10%. Fixed-interest securities are structurally challenged when inflation and interest rates are rising, as their capital bases and income are just that – fixed. Indeed, investors face a more complicated challenge, not just inflation, but stagflation, which adds recession to the mix. All of which adds uncertainty to the ability of lenders to service and repay their debt, alongside trying to establish the true worth of the overall asset. However, while this environment provides risk, following a sharp re-pricing, it also provides opportunities.
Are US corporate earnings set to tumble?
Chief Economist, Steven Bell, shares what he will be looking for beyond the headline numbers to assess whether results are successful or not?
Assessing the impact
A range of factors have driven the rapid growth in sustainability-orientated investing. Greater awareness of issues like climate change mean that individuals are increasingly keen to align their investments with broader beliefs and consumer behaviours. At the same time, regulatory shifts mean that Environmental, Social and Governance (ESG) related factors and preferences need to be considered as part of the financial planning process.
The calm before the storm
The astronomical autumn, defined by a 23.5 degrees tilt of the earth’s rotational axis in relation to its orbit around the sun, officially began on 23 September this year.
Inflation and Recession: are we past the worst?
As recession for the world economy looms, Steven Bell – our Chief Economist, EMEA – explores how deep and prolonged the downturn will likely be and assesses the prospects for financial markets. Is it too early to look for recovery?
Have we avoided a financial crisis?
Is the dramatic U-turn on the higher rate of tax, by the new Chancellor, enough to avoid a financial crisis in the UK? And could the German government’s plans to cap their energy bills help in the process? Chief Economist, Steven Bell, appraises the latest policy developments.
Is Sterling doomed?
Sterling has plunged on the back of recent government announcements. Chief Economist, Steven Bell, explains why the currency is under such pressure and discusses what the Bank of England is likely to do next.
