Monthly Archives: May 2017

China: Constructive Outlook, Despite Rating Downgrade

Qinwei Wang is an Economist. One of the biggest uncertainties for the global economy and investors has been China – its economic transition and the implications of President Trump’s protectionist policies since late 2016. Just this week, Moody downgraded China’s long-term … Continue reading

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Political Crisis in Brazil: Contagion Risk Limited

Structural reforms are crucial in the perspective of  the stabilization of the Brazilian economy, but the ongoing political crisis in Brazil adds uncertainty about their progress. We discuss here, with our investment professionals, the causes of the political turmoil, the … Continue reading

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Trump Spooks the Markets

On May 17, US markets reacted sharply after news reports that a special counsel has been appointed by the US Justice Department to investigate President Donald Trump, and that Trump had asked the former head of the FBI, James Comey, … Continue reading

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3 Things the European Investment Grade Fixed Income Team Talked About Last Week

1. ECB April Meeting– A Tin of Roses Minutes of the ECB meetings are a bit like a tin of Cadbury’s Roses sweets – there’s something for everyone inside. At first glance, there was nothing terribly exciting about the minutes … Continue reading

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3 Things the European Investment Grade Fixed Income Team Talked About Last Week

1. Euro-area Unemployment – Smoke & Mirrors One of the pleasing signs of the Euro-area’s recovery in recent years has been the drop in the level of unemployment. Having peaked in March 2013 at a level of 12.1%, the unemployment … Continue reading

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