Beyond Bulls & Bears

Notes from the Trading Desk – Europe

Global equity markets closed out another bruising quarter last week, as global recessionary fears gripped investor sentiment. Macro datapoints point to slowdowns in global growth and investors now have their sights on the upcoming second-quarter (Q2) earnings season for some indications around the robustness of companies as we head into the second half of the year.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Last week’s rally was a welcome relief for equity investors, but questions remain as to the reasons for the move. It seems likely that the market bounce was driven by some month- and quarter-end positioning from oversold levels, but hopes rose that we could be approaching peak inflation thanks to declines in commodity prices.

PODCAST: Looking beneath the surface of monetary policy tightening
Perspectives

PODCAST: Looking beneath the surface of monetary policy tightening

Thought leaders from Franklin Templeton and our specialist investment managers discuss how the largest Fed hike in nearly three decades, along with the possibility of subsequent significant hikes, could impact US markets and the economy. Plus, which developed and emerging markets face the most challenging economic and investing environments. 

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Franklin Templeton’s Notes from the Trading Desk offers a weekly overview of what our professional traders and analysts are watching in the markets. The European desk is manned by eight professionals based in Edinburgh, Scotland, with an average of 15 years of experience whose job it is to monitor the markets around the world. Their views are theirs alone and are not intended to be construed as investment advice.

Turbulence ahead
Perspectives

Turbulence ahead

The US Fed just made the biggest interest-rate increase since 1994. Should we be worried? Stephen Dover, Head of Franklin Templeton Institute, discusses the rising risk of a recession.

On my mind: The Fed capitulates
Fixed Income

On my mind: The Fed capitulates

The Fed raised interest rates by 75 basis points in its June policy meeting, acknowledging continued upside surprises on inflation, inflation expectations and wage growth. It also de facto abandoned forward guidance. It was a reminder that economic data eventually rule the day, says Franklin Templeton Fixed Income CIO Sonal Desai. She argues this is a welcome but only partial move to a more realistic stance, and discusses why further hawkish surprises likely lie ahead.

Food innovation and sustainability
Perspectives

Food innovation and sustainability

According to Anne Simpson, Franklin Templeton’s Global Head of Sustainability, feeding a growing global population in the midst of climate change, geopolitical shocks, and uncertainty over the coming decades requires innovation in food and agricultural technologies. Understanding investment and impact is what sustainability is all about: taking care of people, the planet and prosperity.

The future of food is technology
Perspectives

The future of food is technology

In our new piece from the Franklin Templeton Institute, we examine the challenge of feeding a growing global population in the midst of climate change, geopolitical shocks and uncertainty. Head of the Institute, Stephen Dover, looks at the future of food and the innovation and technology that will be needed to safely produce and distribute the food we need from the perspective of an investor.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Global equities sold off hard into the end of last week as inflation and growth fears continued to weigh on sentiment.

ECB jumps on the bandwagon to start hiking rates
Fixed Income

ECB jumps on the bandwagon to start hiking rates

The European Central Bank held its June meeting this past week, and while it didn’t raise interest rates this time, it signaled rate hikes would begin in July. David Zahn, our Head of European Fixed Income, offers his take on the meeting, noting the central bank has turned more hawkish than many expected.

Highlighting ETF liquidity during times of stress
Perspectives

Highlighting ETF liquidity during times of stress

The stressful events markets have faced this year have led to questions about ETF liquidity. Jason Xavier, Head of EMEA ETF Capital Markets, explores the subject.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

All eyes are on this Thursday’s ECB meeting after last week’s Eurozone Consumer Price Index (CPI) data came ahead of expectations at 8.1%, putting further pressure on the ECB to rein in inflation.