Tag Archives: Investment outlook

The CIO's view of the week ahead.Having purged 21 moderate Tory members of parliament (MPs) who opposed him on Brexit, Boris Johnson has had to face the resignation of two high-profile members of his government, Amber Rudd and his own brother, Jo Johnson. British politics will provide more excitement this week, as a law is passed in parliament to prevent a no-deal Brexit. We feel the latest developments lower the probability of a no-deal Brexit on 31 October and support a temporary rebound...

The CIO Office's view of the week ahead.There is a new sheriff in London Town and he is not shy with bold statements. So far as prime minister, Boris Johnson has not only pledged to take the UK out of the EU by 31 October – “no ifs or buts” – but has also signalled new tax cuts and spending plans, ranging from the police and the national public health service, to nationwide full-fibre broadband. While certainly popular issues, they also come with considerable price tags that government...

The CIO Office's view of the week ahead.When the Apollo 11 mission landed on the moon 50 years ago, the 13-minute descent was “rampant with unknowns” according to Neil Armstrong. Today, central bankers are on their own outer space mission, navigating unchartered monetary policy territory. As they wait for interest rates to land, investors await terra firma in markets. The dovishness that swept across all major central banks is now spreading to emerging markets (EM). Last week, the central...

The CIO office's view of the week aheadLast week’s State of the Union speech revealed little news, but President Trump’s conciliatory tone toward bipartisan deal making was apparent, particularly around infrastructure spending and drug prices. In contrast, he remained firm in his stance on China, although with an economic (i.e. trade), rather than geopolitical emphasis. While there is some uncertainty on the future of a US-China trade agreement, especially in the wake of Trump’s cancelled...