Beyond Bulls & Bears

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.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Government lockdowns across some key markets have eased slightly in the last week, but concerns over the potential of a second wave of COVID-19 infections still persist. Meanwhile, ongoing US/China trade tensions look to remain a market driver.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Global equities generally ground higher last week as optimism grew that we may be through the worst of the coronavirus pandemic. Across Europe, there has been a very gradual loosening of lockdown measures as governments try to get economies moving.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Markets were buoyed overall throughout last week, but the balancing act of reopening economic activity too early and stemming the catastrophic economic impact of COVID-19 is clearly one of the most controversial and difficult decisions facing global leaders.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

European equities were broadly lower last week with headlines on COVID-19 developments, the unfolding oil pricing drama, and the Eurogroup’s meeting last week all at play.

On My Mind: More Heavy Lifting from the Fed—While Congress Squabbles
Fixed Income

On My Mind: More Heavy Lifting from the Fed—While Congress Squabbles

The US Federal Reserve continues to use whatever tools it can to help combat economic fallout from the coronavirus. Sonal Desai, Chief Investment Officer, Franklin Templeton Fixed Income, calls its latest response “a whole new level” of stimulus.

The Impact of the ECB’s Coronavirus Rescue Fund and BoE Rate Cut on European Bonds
Fixed Income

The Impact of the ECB’s Coronavirus Rescue Fund and BoE Rate Cut on European Bonds

This week, both the European Central Bank and Bank of England took further measures to help contain the financial fallout from the coronavirus and alleviate pressure on strained public finances. Our David Zahn, Head of European Fixed Income, shares his views on what it means for European bonds.

On My Mind: The Fed Speaks Loudly and Carries a Big Stick
Fixed Income

On My Mind: The Fed Speaks Loudly and Carries a Big Stick

Can the US economy withstand the shock of the coronavirus? Our Sonal Desai says the nation’s central bank is doing its part to help.

UK Budget Ease Follows Coordinated BOE Rate Cut
Fixed Income

UK Budget Ease Follows Coordinated BOE Rate Cut

Newly appointed UK Chancellor of the Exchequer Rishi Sunak tore up the fiscal rulebook and unveiled a spend-heavy UK budget, announced just after the Bank of England delivered an emergency interest-rate cut. Our David Zahn, Head of European Fixed Income, weighs in, noting that the UK government is one of the first to provide a coordinated fiscal and monetary policy response to battle the economic impact of the coronavirus.

What’s Next for European Monetary Policy?
Fixed Income

What’s Next for European Monetary Policy?

David Zahn, Head of European Fixed Income, shares his macroeconomic outlook for the region. He weighs in on why the European Central Bank (ECB) could remain accommodative.

On My Mind: The Fed Responds
Fixed Income

On My Mind: The Fed Responds

The US Federal Reserve surprised markets on Tuesday with an interest-rate cut, but will it restore investor confidence? Franklin Templeton Fixed Income CIO Sonal Desai shares her initial reaction.

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.