Risk Markets on Alert as Rates Spike

Jan 11, 2022

9:40 am

• 2022 has started with markets on the backfoot • Technology stocks have retreated as bond yields have crossed last year’s high • The Fed has signalled that it will take inflation threats seriously • Labour market conditions are getting tighter The year just gone by will be remembered not just for the ravages of…

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2021- Looking in the Rear-View Mirror

Jan 5, 2022

5:27 am

In contrast to previous years, the total returns on global equities and bonds were quite divergent in 2021. While equities returned a strong +21.8%, global bonds nursed losses of 4.7%. Equity returns were led by the S&P500, which gave a total return of 28.7% including dividends reinvested. The 28.7% annual return was sharply above the…

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Manufacturing To Drive Next Leg of Growth

Dec 28, 2021

6:25 am

India has been steadily gaining share of global manufacturing value add for several years. However, despite the share gains over the years the share in the pie remains abysmally low at 3.2% of the global manufacturing GVA, compared to 12% for agriculture. India’s manufactured goods exports grew 42% in CY21YTD, compared to global growth in…

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Central Banks in Action Mode

Dec 21, 2021

6:26 am

• Central banks are raising rates and paring bond buying in their attempt to rein in inflation • The market now expects the Fed to institute three rate hikes in 2022 • The Bank of England, in an unexpected move last week, voted overwhelmingly in favor of a rate hike • The ECB, meanwhile, appears…

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