Tag Archives: China

Martin Lasance, Head of Switzerland Fidelity International Gemäss einer Studie von Fidelity verbessern ESG-Faktoren die Analgeergebnisse von Unternehmensobligationen, dabei hat der Faktor Governance also die Unternehmensführung einer Firma den stärksten Einfluss. Anleiheinvestoren, die bei ihren Investmententscheidungen Faktoren wie Umwelt, Soziales und gute Unternehmensführung, kurz ESG...

You would never have guessed it reading many of the op-eds and pundits pronouncing the end to globalization or the West, or liberalism. Global equities have rallied. Of course,  stock prices are not the end all and be all, but it stands in stark contrast to the cries that the sky is falling. The MSCI World Index of developed markets advanced for the second consecutive week adding 2.2%. The US S&P 500 moved above...

[embedded content] Economic thoughts and analysis from Alhambra Investments CEO Joe Calhoun. Related posts: Bi-Weekly Economic Review (VIDEO) Bi-Weekly Economic Review Bi-Weekly Economic Review Bi-Weekly Economic Review: Oil, Interest Rates & Economic Growth Bi-Weekly Economic Review Bi-Weekly Economic Review: As Good As It Gets? Bi-Weekly...

When it comes to the stock market and the corporate cash flow condition, our attention is usually drawn to stock repurchases. With good reason. These controversial uses of scarce internal funds are traditionally argued along the lines of management teams identifying and correcting undervalued shares. History shows, conclusively, that hasn’t really been true. Last year’s tax reform law was meant ideally to spur...

In early 2011, Chinese consumer prices were soaring. Despite an official government mandate for 3% CPI growth, the country’s main price measure started out the year close to 5% and by June was moving toward 7%. It seemed fitting for the time, no matter how uncomfortable it made PBOC officials. China was going to be growing rapidly even if the rest of the world couldn’t. Back then, Western Economists were concerned...

A survey of central banks and sovereign wealth funds by Invesco sheds light on their investment plans. The traditional separation of markets and the state may be helpful for ideological arguments, but the real situation is more complicated. Central banks and their investment vehicles (sovereign wealth funds) are market participants. In some activities, such as custodian, central banks compete with the private sector....

While monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate the headlines… THE DONALD’S DEALMAKING The question raised by Donald Trump’s trade agenda with China remains, in essence, extremely simple. It is whether The Donald is engaged in a typical ‘Art of the Deal’ negotiation, where he can suddenly turn on a dime and declare a ‘win’, or whether he is...

Summary PBOC fixed USD/CNY at the highest level since December 14. Bank Indonesia delivered a larger than expected 50 bp to 5.25%. Bulgarian Prime Minister Boyko Borissov survived a second no-confidence vote this year. Turkish President Recep Tayyip Erdogan was re-elected but with sweeping new powers. Saudi Arabia, Kuwait, and UAE are reportedly in talks to help stabilize Bahrain. The South African Reserve Bank...

I missed durable goods last month for scheduling reasons, which was a shame given that May is the month each year for benchmark revisions to the series. Since new estimates under the latest revisions were released today, it seems an appropriate time to revisit the topic of data bias, and why that matters. What happens with durable goods (or any data for that matter, the process is largely the same) is that the Census...

Bild: Pixabay Susi Partners hat für einen Spezialfonds für Energiespeicher von institutionellen Investoren aus Deutschland, den Niederlanden, Österreich, Schweden und der Schweiz Kapitalzusagen von EUR 252 Mio erhalten. Der Susi Energy Storage Fund (SESF) investiert OECD-weit in Projekte, die unterschiedlichen Speichertechnologien verwenden, wobei etwaige Technologierisiken durch langfristige...