Beyond Bulls & Bears

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Equity

Digging into the Roots of US Trade Tensions

Talk of a trade war between the United States and several of its key trading partners continues to intensify. China has borne the brunt of the US tariffs targeting a wide range of goods, and has retaliated with threatened reprisals of its own, creating a tit-for-tat situation between the world’s two largest economies. Templeton Global Equity Group’s Norm Boersma digs into the roots of the current trade tensions.

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Equity

What One US Mega-Deal Might Tell Us about M&A Prospects Globally

“The $86 billion AT&T-Time Warner merger was a response to growing disruption in the media/telecom/entertainment space traditional players have felt. There’s scarcely a sector out there that isn’t labouring under the threat of disruption.” - Sara Araghi and Marc Kremer

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LibertyShares

Why Investors Should Think Differently About ETF Liquidity

“Unlike a mutual fund, an ETF doesn’t need a minimum initial client investment to stay open or be liquid and it can exist regardless of any particular investor’s allocation. If we think of an ETF as a window into a pool of securities, it should be clear that, in terms of liquidity, the size of an ETF is only academic.” – Jason Xavier, head of EMEA ETF Capital Markets

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Fixed Income

Global Economic Perspective: June

In this month’s Global Economic Perspective, our Fixed Income Group sees the broad outlook for the global economy as remaining positive but expects more patches of financial market volatility ahead.

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Fixed Income

ECB Meeting: Fresh Clarity, But Let’s Not Get Ahead of Ourselves

David Zahn, Franklin Templeton’s head of European Fixed Income, gives his take on the ECB meeting and explains why he’s still not expecting a eurozone interest-rate hike before 2020.

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Fixed Income

Fed Gives US Interest Rates Another Bump in June

The US Federal Reserve continued its tightening path at its June policy meeting, raising its benchmark interest rate for the second time this year and seventh time since December 2015. Chris Molumphy, chief investment officer, Franklin Templeton Fixed Income Group, offers us a snapshot of the US monetary policy landscape in the wake of the meeting.

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Perspectives

Three Things to Think about When It Comes to Trade

The drumbeat of global trade tensions may have softened for a bit as other geopolitical noise grew louder, but it never really went away. Here, investment leaders from Franklin Templeton explain why they aren’t concerned about a trade war—at least not yet.

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Equity

Why We See European Equities as a Catch-Up Opportunity

Equity markets seem to have calmed after the short, sharp volatility some political upheaval in Italy and Spain provoked last month. Templeton Global Equity Group's Dylan Ball considers the situation in Europe and where he sees value.

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Perspectives

CEO View: What’s Changed 10 Years After the Global Financial Crisis?

At Franklin Templeton’s recent Global Investor Forum in New York, our CEO Greg Johnson participated in a panel discussion with three other CEOs in the financial services industry: James Gorman of Morgan Stanley; Jay Hooley of State Street and Barry Stowe of Jackson National Life. They discussed some of the changes in the markets that have occurred in the 10 years since the global financial crisis, what they learned—and what might trigger the next crisis.

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Multi-Asset

Assessing the Impact of US Metal Tariffs

“If a trade war develops and slows global growth in an environment of higher inflation and higher budget deficits, we think most global stock markets are likely to fall in tandem.” – Stephen Lingard, Franklin Templeton Multi-Asset Solutions

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Fixed Income

ECB Preview: Will Recent Italian Developments Influence Europe’s Tapering Timeline?

“With eurozone growth data softer recently and inflation also relatively muted, we think it would be premature for the ECB to embark on a tightening cycle.” – David Zahn, Franklin Templeton Fixed Income Group

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Equity

Italian Politics + US Trade Tariffs = Market Turmoil

There seems to be no shortage of market-moving events of late, and no shortage of market volatility. In recent days, oil has hit a four-year high, Italy has been thrust into the spotlight amid a political crisis and trade-war fears between the United States and several of its key allies have again flared up after US President Donald Trump’s administration slapped them with tariffs. Katrina Dudley, portfolio manager and research analyst with Franklin Mutual Series, weighs in on it all.