1191 days ago
Globally, the world saw a 3.5% decline in 2020. The consensus for 2021 is of +5.4% while MS estimates a +6.4%, while the consensus for 2022 is of +3.7% while MS is again more confident with a +4.4%. In all cases, Emerging Markets seem to be leading the way, with China and India showing expected growth between +8% and +10%.
1191 days ago
As you all know, 2020 was quite an uneven year for the economy, and we can clearly witness it looking at the S&P 500 performance by sector. Information Technology (+42.6%) is far ahead, while the last in the race remains Energy (-37.4%). Both are quite extreme values compared with the average of the index (+15.6%). Communication Services have also fared well (+22.1%), and no other industry had a loss of over 10%, the worst after Energy being Real Estate (-6%).
1192 days ago
Eurozone GDP could grow 4.3% according to a survey of economists, the ECB estimates 3.9% and the IMF suggests 5.2%. Consumers should have enough liquidity to satisfy a pent up demand across all sectors boosting prospects for 2021. Source: FT
1193 days ago
A very different story for low income vs high income earners since March
1197 days ago
''More directly impacted by the trade news, yields on European government bonds also climbed, with the 10-year German bond yield rising to minus 0.541% from minus 0.589% and the 10-year U.K. yield jumping to 0.285% from 0.186%. In volatile trading, the British pound was recently up around 1.2% against the dollar at $1.3521. Investors tend to sell government bonds when they are feeling better about the economic outlook, partly because faster growth can lead to a higher rate of inflation and less accommodative monetary policy from central banks. A stronger economy also encourages risk-taking, reducing the need to hold ultrasafe but low-yielding government debt.'' says Sam Goldfarb at WSJ
