AXA IM Select Updates

Last week saw central bankers steal the spotlight, at the annual Jackson Hole symposium. Details of a flexible average inflation targeting (FAIT) policy from the US Federal Reserve chimed with rising inflation expectations, while the risk on backdrop saw government bond markets lose ground. US unemployment numbers will dominate the agenda for the week ahead.   Presented by Niall McDonnell CFA, Sen...

Since tumbling in March as the world locked down, financial markets have staged a spectacular rally. US equity markets are back to all-time highs and Apple has become the world's first $2 trillion company. Not only equities, but bond markets and commodities such as gold have also bounced sharply. Jaime Arguello, Architas Chief Investment Officer, discusses what’s on the investment radar for the fi...

This is for investment professionals only. The US market returned to pre-Covid highs on strong macroeconomic and PMI data. Conversely, European PMI data disappointed, while trade tensions between the US and China escalated further. This week we look forward to possible upward revisions to Q2 GDP growth estimates across the globe. Presented by Nathan Sweeney, Senior Investment Manager, Alex Burn CF...

A number of positive economic data surprises, including US retail sales and inflation, caused government bond yields to rise and prices to fall. Gold lost its recent shine, suffering a sharp bout of profit taking, while oil continued to rally on the improving outlook for demand. Presented by Nathan Sweeney, Senior Investment Manager and Mayank Markanday CFA, Senior Investment Manager. Hosted by Lo...

It has been dubbed the ‘everything rally’, as equities, bonds and commodities have all risen sharply from the lows of March. But within these asset classes there are some outstanding outperformers and some notable laggards. Our discussion today aims to discover whether it’s the winners or the losers that might have lost touch with the fundamentals. Presented by our investment team panel: Sheldon M...

US markets took heart from a faster improvement in unemployment data, while China’s big tech stocks were hit by President Trump’s ban on TikTok and WeChat. Meanwhile, momentum continues to gather in the ESG space, with total assets breaching $1 trillion globally in the second quarter. Presented by Nathan Sweeney, Senior Investment Manager, Asim Qadri CFA, Investment Analyst and Tom Woodfield, Envi...

Equity and bond markets focused on the historically weak US GDP figure for Q2, which confirmed a US recession. China was boosted by solid PMI data, despite localised surges in Covid-19 infections. All eyes this week on US unemployment data, due on Friday, for any indications of a growth rebound. Presented by Nathan Sweeney, Senior Investment Manager, Asim Qadri CFA, Investment Analyst and Niall Mc...

Last week, US markets were relatively flat despite the ramping up of the tensions with China. In Europe, EU leaders reached an agreement on the Covid-19 recovery package. This week, the main focus will be on the macroeconomic environment with GDP numbers released across the US and Europe.  Presented by Sheldon MacDonald, Deputy CIO, Alex Burn CFA, Investment Manager and Tom Woodfield, Responsible...

US markets were positive last week driven by encouraging news on vaccine trials which could lead to prolonged immunity. In Europe market’s progressed despite uncertainty around the €750 billion stimulus package in Europe to help economies recover from the Covid-19 crisis. Elsewhere, US companies earnings remain a focus with notable companies like Microsoft, Tesla and Amazon reporting this week. Pr...

The Nasdaq index hit a new record, led by the tech giants, while e-commerce stocks boosted the Chinese market to its best performance in five years. Government and corporate bond markets remained firm, despite cuts to economic growth forecasts. We look forward to dramatic profit declines for Q2, as the US reporting season gets underway this week. Presented by Nathan Sweeney, Senior Investment Mana...

With all the talk of the ‘new normal’ post lockdowns and forecasts of a V-shaped recovery, markets have rallied hard over the second quarter. Financial markets are awash with liquidity and there are promises of further support from central banks. Hope is very much in the ascendancy. But finding firm proof of a sustainable recovery is still hard. Any disappointments or upsets could cause fear to re...

Improving data from major economies pushed equity markets higher, while also boosting inflation linked bond markets and gold. With few significant data points on this week’s radar, markets will likely focus on US unemployment claims and oil inventories. Presented by Nathan Sweeney, Senior Investment Manager, Mayank Markanday CFA, Senior Investment Manager and Asim Qadri CFA, Investment Analyst. Ho...

Equity markets took fright at an upward spike in US Covid-19 cases, while government bond markets reacted positively to weaker growth forecasts. Oil and gold also moved in opposite directions, contrasting the negative reaction to further big write-downs in the oil sector with sustained demand for gold. Presented by Nathan Sweeney, Senior Investment Manager and Mayank Markanday CFA, Senior Investme...

The world’s major economies, the US and China, sent mixed signals on the pace of recovery, although in both areas the consumer is coming back strongly. The US Federal Reserve began direct buying of corporate bonds, giving a further boost to high yield markets. PMI data and further Covid-19 outbreaks will command the markets’ attention this week. Presented by Nathan Sweeney, Senior Investment Manag...

Our expert panel discuss a risk off week, with negative catalysts being US Federal Reserve (Fed) commentary on the pace of recovery and downbeat forecasts from the OECD. A strong week for government bonds was not matched in high yield bond markets, although inflows into the asset class remain strong. The week ahead will be dominated by further comments from central banks in the US, UK and Japan, w...

Equity markets have rallied sharply from the lows seen in March. Confidence is back, boosted by huge government stimulus and central bank support, and markets are now racing to get ahead of the forecast V-shaped recovery. Our discussion today will consider whether these markets have broken too early, anticipating a sharp recovery when there is still little evidence of a speedy return to economic g...

Strong US jobs data provided a catalyst to equity markets, which are anticipating a V-shaped recovery. Sterling strengthened in the face of Brexit uncertainty, while in high yield bond markets the ‘fallen angels’ were a key positive driver. This week all eyes will be on the US Federal Reserve meeting. Presented by Nathan Sweeney, Senior Investment Manager, Jen Causton, Investment Manager and Seamu...

Equity markets had a good week as lockdown measures eased across the world and Europe and Japan announced recovery packages. But the UK stock market lagged somewhat and Brexit continues to cast a shadow. Presented by Jen Causton, Investment Manager and Alex Burn CFA, Investment Manager. Hosted by Shunil Roy-Chaudhuri, Investment Specialist. This podcast is intended for investment professionals, an...

Equity markets enjoyed a risk on week, despite escalating trade tensions and China’s abandonment of its GDP growth target for 2020. We look forward to further lifting of lockdowns in major US cities. Presented by Nathan Sweeney, Senior Investment Manager and Asim Qadri CFA, Investment Analyst. Hosted by Lorna Denny, Investment Specialist. This podcast is intended for investment professionals, and...

Equity markets weakened on discouraging rhetoric from the US Federal Reserve, as well as rising US/China tensions. We outline a more stable backdrop for the oil price this week, with possible indications as to the recovery track for the US and China, the world’s two largest economies.   Presented by Nathan Sweeney, Senior Investment Manager, Solomon Nevins CFA, Senior Investment Manager and Asim Q...

Today our expert panel discuss how markets are looking through appalling US unemployment data and grim economic forecasts, anticipating a sharp rebound later in the year. Also the oil price rebound, which could be hit by further storage capacity issues. We maintain a ‘wait and see’ stance, monitoring how the relaxation of global lockdowns evolves. Presented by Sheldon MacDonald CFA, Deputy Chief I...

In the week when Shell took the historic decision to cut their dividend, we discuss developments in the oil market and prospects for improvement in the  supply/demand balance. We then look forward to US unemployment data at the end of the week and indications for GDP growth..   Presented by Solomon Nevins CFA, Senior Investment Manager and Jen Causton, Investment Manager.  Hosted by Lorna Denny, I...

The Covid-19 pandemic has brought economic activity around the globe to its knees, with negative consequences for corporate profitability. Nonetheless, risk assets have rallied sharply. The panel will discuss whether markets are looking beyond the current recession to better times ahead, or leaning too heavily on central bank support. We will also outline recent tactical asset allocation changes,...

Further stimulus measures across the globe met weaker earnings expectations, while oil grabbed the headlines. High yield markets had a poor week, as the US Federal Reserve (Fed) gave a reality check. We look forward to major central bank meetings this week, as well as earnings reports from the US tech giants.   Presented by Sheldon MacDonald CFA, Deputy Chief Investment Officer, Nathan Sweeney, Se...

Die Frage nach dem richtigen Zeitpunkt Investitionen zu tätigen, ist aktuell allgegenwärtig. Eine Frage, welche sich die wenigsten Anleger stellen, lautet: „Was kostet es mich, nicht investiert zu sein?“ Die starken Schwankungen an den Märkten sorgen für große Unsicherheit, die absolut nachvollziehbar ist. Andererseits lassen viele Anleger die positiven Effekte außer acht. Mit dieser Verkaufshilfe...