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Bonds
The bottom has fallen out of gilt yields and high-yield credit spreads have been bouncing all over the place. The iTraxx high yield spread index hit a two-year high of 249 basis points (bps) to 310bps during the month, before rallying in early June to...
05 July 2019
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2 min read
Multi-asset
US-China trade wars have been re-invigorated with extra tariffs on Chinese products worth $200bn and threats of 25% tariff on a further $300bn. This prompted comments from President Xi Jinping, calling on the nation to embark on a new 'Long March'.
05 July 2019
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1 min read
Asia
With the recent re-escalation of US-China trade tensions, Asian equities took another tumble and weighed on investor sentiment. Nevertheless, despite the undeniable risks posed by trade wars, many changes that investors have been discussing, such as relocation...
05 July 2019
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2 min read
Emerging markets
Central banks in emerging markets are cutting rates as expectations of easier monetary policy in the US give emerging countries more flexibility to stimulate their economies. This could bode well for investors in countries such as Russia given that valuations...
05 July 2019
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1 min read
US
US markets have roared back since the brief sell-off last year, with the current surge a whisker off all-time highs. This ebullience is surprising when one considers the maelstrom of negative developments that have bombarded the market over recent months....
05 July 2019
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1 min read
UK
Given we are in such a protracted period of uncertainty, with Brexit continuing to dominate news headlines, avoiding the UK is perhaps a natural response.
05 July 2019
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2 min read