Multi-Manager Perspectives: Is a global trade war now inevitable?
It has been a week completely dominated by the build up to and fallout from President Trump’s long-awaited speech on “reciprocal tariffs”.
Tariff turmoil, German rearmament: where will it all end?
Despite geopolitical uncertainty, we expect the global economy to remain resilient. Europe’s economy could beat expectations, and we are broadly positive on equities.
Passing the baton
Ahead of Steven Bell’s looming retirement we are pleased to introduce Anthony Willis, Senior Economist, as the new host of our weekly Market Perspectives video.
Multi-Manager Perspectives: The Chancellor buys some time, but the UK outlook remains grim
The market mood started out a little more positive this week, with US equities continuing to rally from their lows earlier this month.
Are the UK public finances doomed?
Later this week the UK Chancellor, Rachel Reeves, will present her Spring Statement, which includes a fiscal outlook and public spending plan.
Multi-Manager Perspectives: Dealing with “unusually elevated uncertainty”
The week has been dominated by central bank meetings, though as expected there were no actual shifts in policy from the US Federal Reserve, the Bank of England or the Bank of Japan.
US decline and European renaissance – is that now the outlook?
The US economy and equity markets were expected to outperform in 2025 but so far, the reverse has happened.
Multi-Manager Perspectives: The end of US exceptionalism? Don’t be too hasty
It has been another volatile week in equity and bond markets as investor sentiment remains fragile, with worries over trade wars and softening economic data weighing on sentiment.
German rearmament – the consequences
As Germany takes it foot off the debt brake what will be the impact on economies and markets?
Multi-Manager Perspectives: Another ‘game changing’ week unfolds
Markets have seen heightened volatility this week as a result of uncertainty created by President Trump’s policies on geopolitics and trade, with US equities struggling.
