North Asia vs South Asia – differentiation is key
By: Joern Wasmund
In response to the economic damage, ample liquidity should continue to create opportunities, especially in corporate and higher yielding bonds.
Receive the full comprehensive CIO View in one document
Fundamentals and rate differentials aren’t driving currencies now. Instead their moves reflect the swings in sentiment in global markets.
We do not expect much from government bonds for the time being. Our focus remains on corporate and emerging-market bonds.
The U.S. yield curve inverted last August, foretelling the current recession. But its recent steepening does not necessarily indicate that the recession will end soon.
Covid-19 did not put an end to the sectoral imbalances in equities. Late-cycle favorites remain popular. Clearly, this is no regular upswing. Can it last?
Strong S&P 500 EPS results for the third quarter, probably the best for the year
Covid-19 infection rates are on the rise again. So, why have growth forecasts become more optimistic? Trends in service-sector sentiments suggest some answers