Filtered by Subscriptions: Bonds & Equities Use setting Bonds & Equities
This report is only available as a PDF. Click to download. … US economic data may provide more cheer, for now at least …
13th February 2012
This report is only available as a PDF. Click to download. … ECB remains tight-lipped on Greek debt haircut …
10th February 2012
Gilt yields bounced on Thursday after the UK MPC announced a £50bn planned increase in the size of its Asset Purchase Programme (APP) to £325bn. While this presumably reflected disappointment in some quarters that the increase did not match the £75bn …
9th February 2012
This report is only available as a PDF. Click to download. … Euro strengthens to a new high for the year against the dollar …
This report is only available as a PDF. Click to download. … What to make of the sinking Baltic index …
8th February 2012
This report is only available as a PDF. Click to download. … Greek deal may still not be the last word …
7th February 2012
Reduced fears of a meltdown in the euro-zone and the recent run of better economic data – culminating in January’s unequivocally strong US payrolls report – have led to speculation that the long bull market in US government bonds has run its course. …
6th February 2012
This report is only available as a PDF. Click to download. … Will the US labour market recovery run out of steam (again)? …
This report is only available as a PDF. Click to download. … Pick-up in industrial metals prices unlikely to be sustained …
3rd February 2012
“Risky” assets have made a bright start to 2012. Investors have welcomed a recent improvement in the US economic data, signs of greater fiscal coordination in the euro-zone as well as more support from the ECB. Confidence has also grown that China can …
2nd February 2012
This report is only available as a PDF. Click to download. … Is the US stock market really so overvalued? …
If corporate expenditure on intangible assets is treated as investment, rather than as an expense, the US stock market appears much less overvalued than traditional barometers of “fair” value suggest. While this does not preclude equity prices from …
1st February 2012
This report is only available as a PDF. Click to download. … Great start to the year – but can it last? …
This report is only available as a PDF. Click to download. … Surging bond yields in Portugal a sign euro-zone is still in crisis …
31st January 2012
This report is only available as a PDF. Click to download. … Commodity markets make too much of the Fed …
30th January 2012
This report is only available as a PDF. Click to download. … FOMC meeting provides some cheer …
27th January 2012
The relatively subdued response of US Treasuries to the outcome of Wednesday’s FOMC meeting underlines the fact that while monetary policy should provide a firm anchor for long-term yields over the next few years, this prospect is already widely …
26th January 2012
This report is only available as a PDF. Click to download. … Deflation would be worse news for equities than bonds …
Writing in today’s Financial Times, Gavyn Davies argues that “nominal equity returns may be held back by low inflation but in real terms they should outperform government bonds, even if the liquidity trap deepens further”. We believe the logic behind this …
25th January 2012
This report is only available as a PDF. Click to download. … Bright start to 2012 for “risky” assets unlikely to last …
Risky asset markets have generally made a bright start to 2012. But our central scenario envisages a break-up of EMU this year initially involving Greece’s departure, an outcome that would presumably dampen investors’ optimism. Our forecasts assume stock …
24th January 2012
This report is only available as a PDF. Click to download. … Focus remains on outcome of Greek PSI negotiations …
This report is only available as a PDF. Click to download. … FOMC meeting to break new ground …
23rd January 2012
This report is only available as a PDF. Click to download. … PSI deal would be no panacea for Greece …
20th January 2012
This report is only available as a PDF. Click to download. … What next for US real yields? …
19th January 2012
This report is only available as a PDF. Click to download. … Strength in the US stock market unlikely to last …
18th January 2012
This report is only available as a PDF. Click to download. … Euro-zone crisis still a long way from any sort of resolution …
17th January 2012
This report is only available as a PDF. Click to download. … Inflation in the spotlight …
16th January 2012
This report is only available as a PDF. Click to download. … Further monetary easing coming soon in UK and China …
13th January 2012
This report is only available as a PDF. Click to download. … Darker days ahead for the euro …
12th January 2012
The euro fell below $1.27 against the dollar again on Wednesday – close to its lowest level since the autumn of 2010. We do not think its slide is over. Both the relative prospects for monetary policy in the euro-zone and the US and the likelihood of a …
11th January 2012
This report is only available as a PDF. Click to download. … What next for euro-zone equities? …
This report is only available as a PDF. Click to download. … Profit outlook should keep the US stock market in check …
10th January 2012
The fourth quarter US corporate earnings season kicks off today. The reporting season is unlikely to be especially upbeat as the profits cycle is now peaking. Looking ahead, the growth rate of profits in 2012 is likely to be much less rapid than in the …
9th January 2012
This report is only available as a PDF. Click to download. … Treasuries brush off upbeat US employment report …
This report is only available as a PDF. Click to download. … Euro's slide has further to go …
6th January 2012
This report is only available as a PDF. Click to download. … Oil prices still likely to end 2012 much lower …
5th January 2012
The US stock market recovered some poise in December. But while we do not expect equity prices to collapse in 2012, we think there are three reasons why they may continue to languish – our end-year forecast for the S&P 500 is 1,150. First, the prospects …
4th January 2012
The US Fed’s decision to start to publish forecasts for its key official interest rate could be another useful policy tool to keep long-term interest rates low, even though that is not the stated intention. However, experience from elsewhere and the …
This report is only available as a PDF. Click to download. … US election year unlikely to provide a big boost to equities …
This report is only available as a PDF. Click to download. … Markets - 2012 could be much like 2011 …
22nd December 2011
This report is only available as a PDF. Click to download. … Outlook for US equities still gloomy …
21st December 2011
This year’s sizeable falls in most commodity prices have highlighted two points that have actually been clear for much longer but are still not yet acknowledged by many commentators. First, even if some commodities are in the early stages of a multi-year …
20th December 2011
This report is only available as a PDF. Click to download. … Surveys should highlight weakness in European economies …
The US stock market is ending 2011 with a whimper. The S&P 500 has fallen so far in December, and is fairly close to our year-end target of 1,200. While we do not expect equity prices to collapse next year, we think the S&P 500 will end 2012 lower still, …
This report is only available as a PDF. Click to download. … Momentum in the US economy unlikely to last …
19th December 2011
This report is only available as a PDF. Click to download. … How long will gold come off second best to the dollar? …
16th December 2011
This report is only available as a PDF. Click to download. … Oil prices likely to fall much further …
15th December 2011
This report is only available as a PDF. Click to download. … Falling UK inflation bodes well for gilts …
14th December 2011
This report is only available as a PDF. Click to download. … EU Summit provides no relief for Italian government bonds …
13th December 2011
