The macroeconomics of climate risk
Join us this week as Brad Demong, Co- Chief Investment Officer & Portfolio Manager from our Global Special Situations Team explains both the distressed and special situations opportunity set on the Center for Investment Excellence podcast.
The Chinese renminbi (RMB) broke above the psychological threshold of RMB 7 per US dollar last week for the first time since 2008, following the US administration’s announcement that further tariffs would be levied on Chinese imports.
Multi-asset investors should care about trade policy escalations to the extent that they generate spillovers and other non-linear economic effects.
This weekly update provides a snapshot of changes in the economy and markets and their implications for investors.
A new trade announcement from the Trump administration has comprehensively overshadowed the Federal Reserve’s first rate cut since the financial crisis. What impact will the most recent round of tariffs have on the economy and on markets?
While no deal is not the most likely scenario in our view, the risks are rising. The UK outlook is binary. A Brexit deal could see sterling bounce to 1.40 against the dollar, but no deal on 31 October could see a further slump to 1.10.