As we move into the new financial year we begin to access the outlook for global markets as we look out to 2020 and beyond. How can investor’s best position themselves amid changing central bank policies and geopolitical risks? David Coombs, Head of multi-asset investments at Rathbones discusses.
US corporate earnings hit a crescendo this week, yet most people are focused on the Federal Reserve and the fluid trade policies of the American President.
The yield curve is all the rage in the financial press, with more people searching for it on Google than at any time since 2005, which was the last time it inverted. But what is the yield curve? What does it mean for it to invert? And why should we care?
Foreign companies and governments are simply not investing in British assets as they used to. This is worrying because modern economic growth relies on technological transfer, or learning from others and improving on it. The benefits of this transfer are clear from the productivity data - firms with inward investment from overseas are almost twice as productive as firms without any link to foreign investment. So, a slowdown in this area means a slowdown in productivity; a big worry.
Quite possibly the worst bounty delivered by the 21st century is the 24-hour news cycle.
Investors seem to be flitting between fear and optimism in an increasingly erratic manner. Hopes for a soft-touch Federal Reserve seem to be driving most of the optimism, notes chief investment officer Julian Chillingworth.
It’s hard to see anything beyond Brexit in the UK’s future, but UK Opportunities fund manager Alexandra Jackson has been noting a real resurgence in the fortunes of British households. If only they felt confident enough to start spending.
It’s that time in the ebb and flow of global commerce that investors cast around for the next big threat to the economy, the unforeseen wave that will upend everything.
With the March Brexit deadline looming, over 200 Rathbones clients and guests gathered at the Institute of Engineering and Technology (IET) in London to hear the BBC’s Andrew Marr host a discussion on Britain’s future in the world. He was joined by experts from Rathbones’ investment team and Unilever, an iconic British company with an eye to the future.