Beyond Bulls & Bears

Notes from the Trading Desk
Equity

Notes from the Trading Desk

This week it will be the familiar themes of continuing Brexit negotiations and COVID-19 cases and restrictions that should give European markets direction. In addition, third-quarter earnings season heats up. It’s a similar story in  in the United States, with politics, stimulus and earnings likely to drive markets.  

Notes from the Trading Desk
Equity

Notes from the Trading Desk

The US presidential election remains a key investor focus in Europe. Democratic nominee Joe Biden continues to lead in the polls; however, President Donald Trump’s comeback in the 2016 election proves that there is still scope for uncertainty over the final result. There is also risk of a contested result, which would imply prolonged equity market uncertainty.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Equities were volatile last week as political drama took centre stage, with the noise around the US presidential debate and President Donald Trump’s COVID-19 diagnosis dominating investor focus.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Increases in COVID-19 infections, as well as the uncertainty of the US presidential race and Brexit negotiations, are all providing significant overhangs for markets right now.

Brexit Saga Meets Trade Roadblocks
Fixed Income

Brexit Saga Meets Trade Roadblocks

The United Kingdom officially left the European Union in January of this year, but issues remain in the Brexit saga, namely trade relations. David Zahn, our Head of European Fixed Income, weighs in on the odds no deal will be reached by year-end—and the market implications.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

The United Kingdom is firmly back in focus for investors in Europe. Brexit risk is on the increase as we edge closer to the deadline of the European Union (EU) Council Summit on 15 October with no real positive movement towards an agreement.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

This week is poised to be a dramatic one for the EU and the United Kingdom, with a five-day stretch of face-to-face discussions in London, referred to as a “moment of reckoning”.

European Fixed Income: Coming Out of Crisis
Fixed Income

European Fixed Income: Coming Out of Crisis

As European economies slowly start to come out of coronavirus lockdowns, it could be some time before growth returns to pre-crisis levels, according to David Zahn, our Head of European Fixed Income. He says the crisis has been another test for the European Union as the coronavirus has affected some countries moreso than others. But he sees this as perhaps the best time in years to invest in European fixed income.

Closing the European Performance Gap
Equity

Closing the European Performance Gap

Although European equities performed well in 2019, there’s still a significant value and performance gap compared to US stocks, according to Franklin Mutual Series Portfolio Manager Katrina Dudley. Here, she gives reasons why she’s optimistic about the backdrop for European value stocks and discusses some potential market-moving events she’s monitoring.

We’re Finally Putting Brexit to Bed—What’s Next for UK Equities?
Equity

We’re Finally Putting Brexit to Bed—What’s Next for UK Equities?

We should start to gain some clarity on elements that previously clouded our outlook for UK stocks, says our Colin Morton.

The UK Has Left the EU. What’s Next Post-Brexit?
Fixed Income

The UK Has Left the EU. What’s Next Post-Brexit?

It’s been 3-1/2 years since the United Kingdom voted to leave the European Union, and the process known as Brexit has been far from smooth. Now that the deadline to leave has passed, what’s next for the United Kingdom, and for Europe? Our Head of European Fixed Income David Zahn says that while there’s no turning back, there are still quite a few kinks to be worked out, including the all-important trade agreements.

A Value Investor View of Market Dynamics and Potential Dislocations
Equity

A Value Investor View of Market Dynamics and Potential Dislocations

Equities saw strong 2019 performances across the globe, so the big question for investors is whether the bullish momentum can continue. Templeton Global Equity Group’s Alan Bartlett and Tony Docal provide a look at what drove the positive performances around the globe in late 2019, and how they are poised to take advantage of any potential dislocations in the year ahead.