AXA IM Select Updates

Equity markets rebounded, despite falling prices for both the US and Chinese tech sectors, while US Treasury markets gained ground. This week could bring further rate hikes from the US Federal Reserve and the Bank of England, as well as disappointing PMI data from major economies. Alex Burn CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podcast is intended for inv...

US and European equity markets rallied, while government bond markets continued to wrestle with ever rising interest rate forecasts. This week brings Q3 earnings reports from the big US tech stocks, while the European Central Bank meeting could deliver another 75 basis points rate hike. Alex Burn CFA, Senior Investment Analyst and Bushra Ahmed, Responsible Investment Lead spoke to Lorna Denny, Inv...

Financial markets were dragged down by data showing accelerating US core inflation, as well as by the US Federal Reserve’s reported determination to prioritise inflation control. The coming week brings the Chinese Communist Party Congress, as well as GDP growth and industrial production data from China. Alex Burn CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podc...

With inflation still at the top of the agenda, financial markets remain at the mercy of hawkish rhetoric on monetary policy. Central banks, including the US Federal Reserve and the European Central Bank, have promised to act decisively against inflation, even at the expense of economic growth. And both equity and fixed interest markets have responded negatively. Today we will examine this difficul...

Turmoil across financial markets was eased somewhat by Bank of England intervention in the bond and currency markets. This week oil prices continue to climb in anticipation of OPEC+ production cuts, while US unemployment and PMI data could show the restrictive effect of recent interest rate hikes. Alex Burn CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podcast is...

It was another tough week for financial markets, largely driven by rising bond yields and as so often in recent months the central banks held centre stage. The US Federal Reserve stole the show delivering largely what was expected with a 75-basis-points hike. Alex Burn CFA, Senior Investment Analyst spoke to Louise Somers, Head of Global Communications. This podcast is intended for investment prof...

Equity markets rallied after three consecutive down weeks, as the oil price continued to slide. This week brings CPI inflation data from the major economies, including the US where inflation is forecast to have peaked over the summer. Pela Strataki CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. The funeral of HM Queen Elizabeth II will take place on Monday 19th of Sept...

Economic forecasts predict inflation peaking over the summer months in major economies, before falling back towards the end of the year. While food and energy prices continue to soar and headline inflation levels ratchet ever higher, it can be hard to see what would cause inflation and indeed interest rates to pivot downwards. We examine the trajectory of inflation from here, also where and whethe...

Financial markets continued their negative reaction to hawkish rhetoric from the Jackson Hole symposium of central bankers. This week’s focus will be the European Central Bank meeting, with mounting expectations of a 75 basis points hike in interest rates. Niall McDonnell CFA, Senior Investment Manager spoke to Lorna Denny, Investment Specialist. This podcast is intended for investment professiona...

The minutes of the US Federal Reserve’s July meeting demonstrated the committee’s resolve to purge the system of inflation. This week the Jackson Hole Symposium of global central bankers could shed light on the near term path of interest rates. Niall McDonnell CFA, Senior Investment Manager and Pela Strataki CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podcast i...

Equity markets continued to rally on CPI inflation data, sensing a peak to interest rates. This week the July FOMC meeting minutes will shed light on the US Federal Reserve’s thinking, while retail sales data should indicate the health of the US consumer. Seamus Lyons CFA, Senior Investment Manager and Alex Burn CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podca...

US Treasury markets reversed recent gains, after unemployment data demonstrating the strength of the US labour market, while the Bank of England warned of stagflation. This week will bring inflation data from both the US and China. Niall McDonnell CFA, Senior Investment Manager spoke to Lorna Denny, Investment Specialist. This podcast is intended for investment professionals, and must not be share...

Financial markets continued to rally, boosted by some strong earnings reports and expectations that future US interest rate hikes could prove less aggressive. This week will be dominated by final July PMI data and US unemployment reports. Alex Burn CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podcast is intended for investment professionals, and must not be shar...

Financial markets enjoyed a strong week, buoyed by increasing confidence in central bank action against inflation. This week all eyes will be on the US Federal Reserve meeting, with expectations of a 75 basis points rate hike at the minimum. Alex Burn CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podcast is intended for investment professionals, and must not be s...

Despite a tough second quarter marred by Covid lockdowns, recent forward looking economic indicators for China mark a potential uplift for the world’s second largest economy. Boosted by stimulus, a rising trend would sit in sharp contrast to developed markets, currently engaged in a battle against both soaring inflation and looming recession. We examine these diverging East/West trends and look at...

Financial markets remained volatile, fixated on inflation and GDP growth reports. This week will bring Flash PMI data from the major economies, and the lift off in interest rates is expected from the European Central Bank. Alex Burn CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podcast is intended for investment professionals, and must not be shared with a non-pr...

Equity markets turned in a positive week as recession concerns subsided, while bond markets were more volatile. This week sees the start of the Q2 reporting season, with fears that some profit forecasts might be cut. Pela Strataki and Alex Burn, both Senior Investment Analysts, spoke to Lorna Denny, Investment Specialist. This podcast is intended for investment professionals, and must not be share...

With the exception of China, financial markets reached a sorry end to the first half, pulled down by inflation and recession fears. This week the FOMC minutes of the Federal Reserve’s June meeting could shed light on key interest rate decisions. Seamus Lyons CFA, Senior Investment Manager and Thomas Vogl CFA, FRM, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podcast...

This has been an extraordinary year so far, as the global economy buckles under multiple strains, from supply chain issues in China, to rising food prices, and the spill over from the Russian invasion of Ukraine. With the war leading to higher commodity prices, food insecurity, exacerbating inflation, and contributing to interest rate hikes. As a result, the outlook has many downside risks, and re...

A surprising dip in flash PMI data from the major economies allowed government bond markets to rally, while equity markets also bounced from recent lows. This week US PCE inflation data, the Federal Reserve’s preferred measure, will be closely analysed. Alex Burn CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podcast is intended for investment professionals, and m...

Last week was a particularly volatile week, as global stock markets suffered the steepest weekly fall since the outbreak of the coronavirus pandemic in 2020, as recession fears rose. Global markets took a hammering as the US Federal Reserve raised interest rates by 75 basis points, its biggest interest rate rise in nearly 30 years, to rein in soaring consumer prices. In the week ahead, many of Jun...

Pela Strataki, investment manager, spoke to Louise Somers, investment specialist Last week markets sold off on the expectation of further interest rate hikes and higher-than-expected US inflation figures denting hopes that inflation may have peaked. This week markets are contending with the possibility that the Federal Reserve will raise interest rates by 75-basis-points, more than previously fore...

Volatility returned, as both equity and bond markets expressed concern over inflation and the path of interest rates. In the coming week the European Central Bank meeting could shed light on their plans, while markets await US May CPI data, which are due on Friday. Alex Burn CFA, Senior Investment Analyst spoke to Lorna Denny, Investment Specialist. This podcast is intended for investment professi...

US equity indices were stronger across the board, breaking their seven week losing streak, as markets weighed the slightly more hawkish tone of the US Federal Reserve’s May meeting minutes. This week brings US non-farm payrolls, expected to come in below April’s level, as well as final PMI data from the major economies. Seamus Lyons CFA, Senior Investment Manager and Alex Burn CFA, Senior Investme...

Equity markets in the US marked a seventh consecutive week of losses, the S&P 500 briefly dipping into bear market territory, while bond markets rallied somewhat. This week brings Flash PMI data from the major economies, as well as April PCE inflation data from the US. Pela Strataki CFA and Alex Burn CFA, Senior Investment Analysts spoke to Lorna Denny, Investment Specialist. This podcast is inten...