Beyond Bulls & Bears

What We Think Could Drive European Markets in the Coming Months
Fixed Income

What We Think Could Drive European Markets in the Coming Months

As European investors and market practitioners return from their summer vacations and prepare for the final third of 2019, our Head of European Fixed Income David Zahn highlights the issues he thinks will drive markets in the coming months.

Looking at Australian Fixed Income Through a Global Lens
Fixed Income

Looking at Australian Fixed Income Through a Global Lens

“We think the global corporate credit markets could face obstacles in the year ahead. The profit cycle is slowing and some sectors are facing particular pressures.” – Andrew Canobi, Australia Fixed Income team

What We Think is Causing Recent Equity Market Volatility
Equity

What We Think is Causing Recent Equity Market Volatility

In the past few months, equity investors have had to cope with something they hadn’t experienced for a while—volatility. While the ups and downs can be unsettling, volatility can also create opportunities for long-term investors. Stephen Dover, our head of Equities, takes a look at where he sees them emerging and breaks down the root causes of the recent market turmoil.

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

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

Do Markets Fully Understand the Implications of ECB Tapering?
Fixed Income

Do Markets Fully Understand the Implications of ECB Tapering?

"The [tapering] decision should set the ECB on the path to monetary policy normalisation, but we don’t expect it to be a quick journey. We expect the eurozone to maintain an accommodative approach and low interest rates for some time to come." - David Zahn, Franklin Templeton Fixed Income Group

Why ECB Tapering Could Prompt a Change in Bond-Market Philosophy
Fixed Income

Why ECB Tapering Could Prompt a Change in Bond-Market Philosophy

“While some commentators may question whether the ECB should embark on tapering when it still doesn’t see itself hitting its inflation target within its time horizon, I would say that’s exactly what the central bank should do.” David Zahn, Franklin Templeton Fixed Income Group

European QE: Has It Been Worth the Effort?

European QE: Has It Been Worth the Effort?

Now, we feel the time is right for a further shot in the arm. In our view, it’s not a question of whether the ECB will extend QE, it’s a question of when: Will the announcement come in October or December?