market-commentary

MARKET COMMENTARY

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It’s Getting Hot Out There

Jul 11, 2023

5:14 am

• World temperatures recently have been the highest on record • US labour market strength coupled with likely still-high core inflation has the bond market worried • US equity market looks complacent, but may remain so through a helpful reporting season • Japan’s economy is running hot with strong CAPEX and wage growth Last week…

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Investment Strategy

Jul 5, 2023

9:11 am

• Fed pauses in June but signals further rate hikes. • A diversified global equities portfolio should form the core of international allocations. • Emerging markets’ valuations looking attractive relative to developed markets. • India's inflation and growth outlook appears favourable in the current global economic context. • Our asset allocation views- neutral equities, overweight…

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Central Bankers Still Hard at Work

Jul 4, 2023

5:46 am

• Central bankers continue to fret about the persistence of inflation • Markets continue to underestimate the likely tightening in monetary policy ahead • US 10-year government bonds look likely to break through the 4% mark • Bank of Japan may have to fight inflation with a little more vigour, which could arrest the weakness…

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Geopolitics to the Fore Again

Jun 27, 2023

5:45 am

• Geopolitics continues to unnerve markets globally • US dollar, gold, and the bond market likely to be the kneejerk assets of choice • UK MPC sprang a surprise and raised rates by 50bps • UK longer dated gilts hold in but two year bond yields spike • European growth tips down and may take…

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