Chris Manuell

As an active manager of high-grade bonds, we continue to focus on the moves of the US Federal Reserve. The Fed remains resolute on its path of increasing short-term rates into the zenith of the US economic cycle, and as the world gorges contently on debt. Show More

Saul Eslake

Here are ten things that I think will shape the global and Australian economies in 2018, and that expect I’ll be talking about at conferences and events over the course of the coming year. Show More

Peter Wilmshurst

The global banking sector has been undervalued since the financial crisis. However central banks are starting to increase rates and this should be positive for the sector as it will enable banks to make money out of the liability side of their balance sheet. It is hard to make any... Show More

Alex Joiner

The Fed is clearly well out in front in reducing monetary policy stimulus. Its stance was demonstrated again in June as the FOMC (Federal Open Market Committee) increased the Federal Funds Rate by 25bp. As a result, the target rate rose to 1.00- 1.25%, while the Committee noted that the... Show More

Vimal Gor

Just as the markets had convinced themselves they were in for an uneventful carryharvesting summer, something started to change at the end of the month, with central bank communication seemingly dominating economic data with respect to their impact on market moves. Whilst the theme of disinflation continued to play out... Show More

Jeff Thomson

Spanish banks have until recently been an attractive way for investors to play regional economic recovery and rate normalisation. The real estate market in Spain is in recovery mode and prices remain significantly below pre-crisis peak levels (unlike many other countries, including Australia). Domestic Spanish banks generally remain highly leveraged... Show More

Livewire Exclusive

Tim Toohey, former Chief Economist at Goldman Sachs, was the #1 rated economist on the Greenwich survey for 13 years. Earlier this year he teamed up Brett Gillespie Portfolio Manager of Ellerston Capital's new Global Macro Fund. Livewire spoke with Tim about his strong view on how US rates could... Show More

David Sokulsky

In the aftermath of the Global Financial Crisis (GFC), the traditional method of lowering interest rates failed to promote meaningful growth or inflation. This prompted several major central banks, including the US Federal Reserve (Fed), to undertake ‘extraordinary’ monetary policy measures to stimulate their economies. The effect of such an... Show More

Etienne Alexiou

Let's first consider the broader global economic environment, in particular, the macro drivers of a “globally co-ordinated” gradual improvement in economies which are continuing to evolve. The primary driver of markets, at this point in time, is globally accommodative monetary policy, which underpins economic expansion and the rise in financial... Show More

Jacob Mitchell

The French Presidential elections (final round run-off will be 7 May) and Legislative elections (11 and 18th June) remain the last of the major Eurozone political events for the year in that the outcome of the German elections (24th September), dare we say, seem far less important given the likely... Show More

Pendal Group

September was a reasonably volatile month as the markets had to digest key meetings from the ECB, BOJ & Fed and deal with a renewed focus on the viability of Deutsche Bank, after the US Department of Justice (DOJ) put forward their opening bid on the mortgage-securities cases fines. The... Show More

Nicholas Forsyth

Good morning everybody, on what is likely to be a tough day for local stocks with the futures pointing to at least a 1.5% fall in early trading. Today, we have changed our usual question style report due to the large nature of emails received over the weekend on the... Show More

Marcus Tuck

Volatility returned to global markets late last week after the European Central Bank President Mario Draghi left interest rates unchanged and downplayed the need to commit additional stimulus. The news surprised markets that had been expecting an extension of the ECB's asset purchase program. Mr. Draghi's only new announcement after... Show More