Mind the gap

The gap between realised inflation and the contemporaneous level of bond yields has never been higher

Six and out?

Inflation dominates the investment backdrop but we have been reminded this week that COVID can still play a role in how the macro outlook unfolds.

Everything’s going green

The world is probably not on track yet to preventing global temperatures rising by more than 1.5oC above pre-industrial levels.

Tapering, profit and equity prices

Is a market correction unavoidable when the Fed starts tapering?

Lost control?

Rate expectations shot up in October. We may get a small rate rise in the UK this week.

Are Europe’s oil and gas majors prepared for the climate change challenge?

Climate change and its effects have become a defining theme of our time.

A climate change conundrum: Is there a sweet spot for natural gas in the energy transition?

When burned, natural gas derived from methane emits far less CO₂ than coal. However, if released directly into the atmosphere, it has a far higher warming potential

China: Riding the green wave

How AXA IM invests in the world’s second-largest green bond market

Bonds back better?

If economists are right, 2022 will be the second year of well above trend nominal GDP growth.

Bad, worse or just dandy

At some point, higher inflation could provoke a tightening of monetary policy that is beyond what is priced into markets.

Pay them and they will come?

The needles on the indicators of investment sentiment are all pointing down.

Genetics: An exciting and investable theme

Depending on how long ago you last attended a biology lesson, messenger RNA (‘mRNA’) was probably not a term many of us would have been particularly familiar with a couple of years ago.

Autumn dawns and the living doesn’t get easier

The recovery keeps hitting speed bumps caused by supply side disruptions. The latest is the surge in energy prices

Magic Money Tree Worship

Our baseline is that economic and electoral rationality will prevail and that the various factions within the Democratic Party

RI - Did 2020 deliver a premium for the top ESG equities?

There is no shortage of studies highlighting that investors increasingly want their portfolios to be not only financially rewarding but also responsible. It appears that not even the dramatic...

The cost of climate change: Action versus inaction

Pricing mitigation efforts and assessing the difficulties of comparison

A modest interest rate cycle cometh…maybe

Central bankers have set out how they want to “normalise” monetary policy for some time.

September Oped - Unfortunate Combination

The world economy is dealing with a nasty delta variant wave in the US, an inflation spike hurting purchasing power, supply-side disruptions impairing factory output and a Chinese slowdown

German elections: The post-Merkel era

Germany will vote on 26 September to elect representatives to the Bundestag – the federal parliament

September Global Macro Monthly - Supply constraints add to inflation angst

The EU’s “Fit for 55” programme is a suite of measures to deliver a 55% reduction in GHG emissions by 2030. It includes the Emissions Trading Scheme (ETS) and Carbon Border Adjustment Mechanism...